Global Surgical Lighting System Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Surgical Lighting System Market 2021 (Includes Business Impact of COVID-19)
Global Surgical Lighting System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global surgical lighting system market report has been segmented on the basis of surgical lighting system types, light source type, application, end user, and region.
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The global Surgical Lighting System market size was valued at USD$ 0.92 billion in 2020 and is projected to reach UDS$1.41 billion by 2030, and is anticipated to expand at a CAGR of 4.53% over the forecast period from 2020 to 2030.


Global Surgical Lighting System Market: Overview


Surgical lighting system is an essential component required to assists the surgeons in order to view surgical site during surgeries. Various types of surgical lights available in the market such as ceiling mounted, mobile surgical lights, surgical headlights, and wall mounted surgical lights. Surgical lighting system emits various types of lights that enable special balance of luminance, shadow management, volume, and temperature, which helps to maximize visibility at the surgical site as well as minimize eye fatigue. Manufacturers are engaged in developing efficient surgical light sources.


Global Surgical Lighting System Market: Dynamics


Increasing demand for technological advancement in medical devices and rising number of surgical light manufacturers across the various countries are major factors expected to drive growth of the global market over the forecast period.

In addition, rising number of product innovation and new product launches of surgical lighting systems are some other factors expected to further fuel growth of the target market over the forecast period.

Moreover, increasing demand for surgical equipment coupled with rising adoption of advanced technology by multispecialty hospitals is another factor expected to boost growth of the target market over the forecast period.

However, high cost of LED surgical lighting systems and risk of burns related to use of high lux light sources are major factors expected to restrain growth of the global market.

Ongoing trend observed in the target market is new product launches and innovation in existing system are expected to support growth of the target market over the forecast period.

Technological advancements, rising demand for cost-effective surgical lighting solutions, and increasing patients pool with chronic diseases required surgical procedures are expected to create potential revenue opportunities for players operating in the target market over the forecast period.


Global Surgical Lighting System Market: Segment Analysis


Among the surgical lighting system types segments, the ceiling mounted surgical lighting system segment is expected to register significant growth over the forecast period.


Global Surgical Lighting System Market: Regional Analysis


The market in North America is expected to dominate in the global market over the forecast period, owing to increasing number of surgical procedures, rising demand for advanced technologies in surgical lighting, and well developed medical device sector across various countries such as the US and Canada.

The market in Europe is expected to account for second-highest revenue growth in the target market over the forecast period, owing to increasing number of surgical lights suppliers and distributors, and rising demand for operating room lightning across various countries in this region. In addition, increasing number of surgical procedures and presence of manufacturers across Germany, UK, and France.

The market in Asia Pacific is expected to register significant growth in terms of revenue over the forecast period, owing to increasing number of surgical procedures and various government initiatives. In addition, rising focus on quality of surgical lights, increasing demand for a LED lighting system in operating rooms, and increasing medical tourism sector across in countries in this region.

The market in Middle East & Africa is expected to register moderate growth in the global market, owing to increasing availability of specialty care services across countries such as the United Arab Emirates (UAE) and Saudi Arabia.

Global Surgical Lighting System Market Segmentation:

Segmentation by surgical lighting system types:

  
Ceiling Mounted Surgical Lighting System
  
Wall Mounted Surgical Lighting System
  
Surgical Headlight
  
Mobile Surgical Lighting System

Segmentation by light source type:

  
LED (light-emitting diode)
  
Halogen

Segmentation by application:

  
Endoscopic Surgery
  
Surgical Suite
  
Dental Surgery
  
Others

Segmentation by end user:

  
Hospitals
  
Ambulatory Surgical Centers
  
Emergency Centers
  
Procedure Rooms


Key Market Players included in the report:


  
A-dec Inc.
  
Amico Group of Companies
  
BihlerMED
  
CV Medical
  
Dixion distribution of medical devices GmbH
  
DrAgerwerk AG & Co. KGaA.
  
DRE Medical
  
DRE Veterinaryl
  
EMA-LED GmbH
  
Getinge AB
  
Herbert Waldmann GmbH & Co. KG
  
Hill-Rom Services
  
Integra LifeSciences Corporation
  
MAQUET Holding B.V. & Co. KG.
  
Meditech
  
Merivaara
  
NUVO
  
S.I.M.E.O.N. Medical GmbH & Co. KG
  
SKYTRON
  
STERIS plc.
  
Sturdy Industrial Co.Ltd.
  
Symmetry Surgical
  
Torontech Inc.
  
Trumpf Medical
  
Zenium Technology Partners Limited


Below are the key development related to Surgical Lighting System Market in 2020 and 2021.


May 2021: CooperCompanies Acquires obp Medical. CooperCompanies (NYSE: COO) announced that CooperSurgical has acquired obp Medical Corporation, a U.S. based medical device company that develops and markets differentiated products including single-use vaginal speculums with integrated LED illumination. Commenting on the transaction, Al White, Cooper’s President and CEO said, “This acquisition is a great strategic fit that builds upon CooperSurgical‘s strong family of OB/GYN medical devices. obp Medical’s differentiated products will integrate seamlessly into our business and support our mission of advancing women’s healthcare. The acquisition price is approximately $60 million, and the products being acquired generated approximately $10 million of trailing twelve-month revenue. The acquisition is expected to be neutral to Cooper’s non-GAAP earnings per share in fiscal 2021. CooperCompanies ("Cooper") is a global medical device company publicly traded on the NYSE (NYSE: COO). Cooper operates through two business units, CooperVision and CooperSurgical. CooperVision brings a refreshing perspective on vision care with a commitment to developing a wide range of high-quality products for contact lens wearers and providing focused practitioner support. CooperSurgical is committed to advancing the health of women, babies and families with its diversified portfolio of products and services focusing on medical devices and fertility & genomics. Headquartered in San Ramon, CA, Cooper has a workforce of more than 12,000 with products sold in over 100 countries. For more information. obp Medical Corporation, headquartered in Lawrence, MA, is a privately held medical device company that develops and markets single-use illuminating medical devices. The company’s non-surgical product portfolio includes a suite of single-use vaginal specula with integrated LED lighting technology, as well as anoscopes, laryngoscopes, endoscopic seals and other related kits and accessories. These products are used in more than 13,000 physician offices, clinics, surgery centers, and hospitals throughout the U.S., and healthcare facilities worldwide. The company also previously had a surgical division however this was spun off prior to the acquisition.  Source