The surgical lighting systems market size is expected to show significant gains from 2021 to 2027 owing to soaring incidence of lifestyle diseases and expanding aging population. The surge in health care spending capacity and the existence of favorable reimbursement policies have led to an increasing number of surgical cases in various healing fields. Rising number of initiatives by India and China to improve healthcare and increase investment will drive the surgical lighting systems market growth.
A surgical lighting system or surgical light is a medical device that helps medical personnel perform surgery by illuminating a cavity or localized area of a patient. The rapid development of medical infrastructure has led to an increase in the number of hospitals, thereby increasing the acceptance of advanced LED surgical lights.
The technology-based market is segmented into halogen cable lamps and LED lamps. Among them, the LED lamp segment will grow with increasing emphasis on improving patient experience. The increase in the number and number of incentive programs has led to increased installations in healthcare facilities. LED surgical lighting systems emit cold light while avoiding exposure to infrared radiation, providing longer product life compared to traditional lamps. Additionally, the booming medical tourism industry in developing countries and the growing preference for halogen lamps by surgeons will play a key role in the market development.
Driven by the rapidly developing hospital infrastructure in several developing countries, the demand for surgical lighting systems in hospitals will grow exponentially. Growing demand for hospital operating rooms is making way for an increase in the number of advanced medical facilities. According to the American Hospital Association (AHA), the total number of hospitalizations in the country reached 36,241,815 in 2019. Furthermore, surge in infrastructure investment and increasing number of well-equipped hospitals offering better treatment is expected to favor market growth.
The North American surgical lighting system market is poised to grow substantially with the increase in the number of outpatient centers and surgical procedures. Higher penetration of technologically advanced surgical lighting products and soaring levels of healthcare spending have resulted in the expansion of hospitals and healthcare infrastructure primarily in the United States, a strong presence in a large number of specialty hospitals, increasing preference for minimally invasive surgical procedures, and surgical lighting The widespread adoption of technologically advanced LED lights are other factors driving the regional expansion.
Surgical lighting market remuneration in Europe is estimated to grow at a robust rate owing to the expanding geriatric population and increasing number of surgeries in the region. The presence of a branded product manufacturer and the growing healthcare awareness among citizens in the region will drive the Surgical Lighting Systems industry dynamics in the coming years.
Impact of COVID-19 Crisis on Surgical Lighting Systems Market Forecast
In response to the ongoing pandemic, the industry as a whole has witnessed a significant boom due to their increasing use in controlling contagion rates. According to some researchers at Tel Aviv University, the coronavirus virus is killed efficiently and quickly with the help of ultraviolet (UV) light-emitting diode camps (UV-LEDs). Considering the affordability of UV-LED technology, the preference for UV-LED technology by private and commercial establishments is growing rapidly, adding a positive impetus to the proliferation of surgical lighting industry during the period of special virus and transmission.
Post time: Jul-15-2022
