Global Medical Lighting Technologies Market Overview
Medical Lighting Technologies Market accounted for US$ 2.13 billion in 2020 and is estimated to be US$ 3.42 billion by 2030 and is anticipated to register a CAGR of 5.30%.
The operating rooms require technologically advanced and specialized lighting systems, as these systems play an important role in a successful operation. Poor illumination spectrum can lead to poor operating team performance and well-being, quality, and safety of the workplace which leads to adverse impacts on the patient. Due to the infrastructure development of multispecialty hospitals across countries, demand for a medical lighting system has increased. The use of advanced lighting systems has been shown to grow rapidly in hospitals, as lighting products are widely used in different hospital applications.
Global Medical Lighting Technologies Market Drivers & Restraints
Rising government spending on healthcare infrastructure
Rising government spending on healthcare infrastructure along with technological advancements is the major factor driving the growth of the global medical lighting market. Also, governments across the globe and especially in the emerging economies are spending heavily on developing the healthcare infrastructure in their respective countries which in turn is boosting the growth of the target market.
Rising incidence of chronic diseases
Moreover, the rising incidence of chronic diseases among individuals has led to advancements in medical lighting systems which is expected to propel the growth of the global market over the forecast period. LED lighting technology, like in all other lighting applications, is also taking over the medical lighting application. Due to the round-the-clock surgical operations and high lumen output requirements, hospitals devote a significant portion of their energy usage to the lighting. However, the high cost of LED lighting fixtures and a lack of awareness regarding the latest lighting technologies and products are the major factors hindering the global medical lighting technologies market.
Global Medical Lighting Technologies Market Segmentations & Regional Insights
Medical lighting technologies market is segmented based on products, technology, application, and region.
Based on the product, the global medical lighting technology is segmented into the surgical lighting system, examination lighting systems, specialty lighting systems, and accessories. Based on the technologies, the target market is segmented into LED lighting technologies, fluorescent lighting technologies, incandescent and halogen lighting technologies, and other technologies. Based on the application, the global market is segmented into the operating room, surgical suites, examination rooms, intensive care units (ICU), and other applications.
Regional Insights:
For detailed understanding of market dynamics, based on the region the global medical lighting technology market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts for the highest revenue share in the medical lighting technology market due to the growing demand for advanced medical technologies and the increasing geriatric population. Asia Pacific medical lighting technology market is projected to register a high CAGR over the forecast period owing to the growing trend of medical tourism, rising healthcare awareness, coupled with a continuous growing demand for advanced medical technologies.
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Attribute |
Details |
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Base year for estimation |
2019 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Product: Surgical Lighting System, Examination Lighting Systems, Specialty Lighting Systems, And Accessories By Application: Operating Room, Surgical Suites, Examination Rooms, Intensive Care Units (ICU), And Other Applications By Technology: LED Lighting Technologies, Fluorescent Lighting Technologies, Incandescent And Halogen Lighting Technologies, And Other Technologies |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Detailed Segmentation:
Medical Lighting Technology Market, By Product:
- Surgical lighting system
- Specialty lighting system
- Examination lighting system
- Accessories
Medical Lighting Technology Market, By Application:
- Operating Room
- surgical Suites
- Examination Rooms
- Intensive Care Units
Medical Lighting Technology Market, By Technology:
- Light-emitting diodes
- Fluorescent Lighting Technologies
- Incandescent
- Halogen
Medical Lighting Technology Market, By Region:
- North America
- North America Medical Lighting Technology Market, By Product
- North America Medical Lighting Technology Market, By Technology
- North America Medical Lighting Technology Market, By Application
- North America Medical Lighting Technology Market, By Country
- U.S.
- Canada
- Europe
- Europe Medical Lighting Technology Market, By Product
- Europe Medical Lighting Technology Market, By Technology
- Europe Medical Lighting Technology Market, By Application
- Europe Medical Lighting Technology Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Medical Lighting Technology Market, By Product
- Asia Pacific Medical Lighting Technology Market, By Technology
- Asia Pacific Medical Lighting Technology Market, By Application
- Asia Pacific Medical Lighting Technology Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Medical Lighting Technology Market, By Product
- Latin America Medical Lighting Technology Market, By Technology
- Latin America Medical Lighting Technology Market, By Application
- Latin America Medical Lighting Technology Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Medical Lighting Technology Market, By Product
- Middle East & Africa Medical Lighting Technology Market, Technology
- Middle East & Africa Medical Lighting Technology Market, By Application
- Middle East & Africa Medical Lighting Technology Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Medical Lighting Technologies Market Competitive Landscape & Key Players
The key players operating the global medical lighting technology market involves Brandon Medical Co. Ltd., Burton Medical Cree Inc., Products Corporation, Daray Medical, Dragerwerk AG & Co. KGaA, DRE Medical, Eaton Corporation plc, Getinge AB, Herbert Waldmann GmbH & Co. KG, and Integra Lifesciences Holdings Corporation. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market.
Global Medical Lighting Technologies Market Recent News
- In December 2023, The United Arab Emirates (UAE) is at the forefront of a healthcare revolution. The UAE’s Ministry of Health and Prevention is driving the change with a suite of digital services that enhance the patient experience. Furthermore, healthcare landscape in the UAE has undergone a significant transformation over the past decade, shifting from a reactive “sick care” approach to a more proactive and technology-driven “lifelong healthcare” model. This evolution has been driven by advancements in medical technology, AI predictive modelling, genomic sequencing, smart wearables, and telemedicine.
- In August 2023, The internet could soon reach homes and offices faster through LED devices. Scientists have discovered a new way to accomplish fast data transmissions through light-emitting diode (LED) bulbs.
- In June 2023, Specialty Silicone Materials in DuPont Display Technologies to revolutionize LED lighting technology with new innovative products while increasing brand awareness at GILE 2023. To improve the performance and durability of LEDs with solutions that overcome high heat and light environments, protect against stress, and transmit more light at every level.
Global Medical Lighting Technologies Market Company Profile
- Brandon Medical Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial performance
- Burton Medical Cree Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial performance
- Products Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial performance
- Daray Medical
- Company Overview
- Product Portfolio
- Key Highlights
- Financial performance
- Dragerwerk AG & Co. KGaA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial performance
- DRE Medical
- Company Overview
- Product Portfolio
- Key Highlights
- Financial performance
- Eaton Corporation Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial performance
- Getinge AB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial performance
- Herbert Waldmann GmbH & Co. KG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial performance
- Integra Lifesciences Holdings Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial performance
Global Medical Lighting Technologies Market Highlights
FAQs
The global medical spa market report segments the market on the basis of service and region.
Rising focus on health and beauty, coupled with increasing disposable income among individuals drives the global medical spa market.
North America medical spa market is expected to account for major share in terms of revenue in the global medical spa market over the forecast period. This can be attributed to rising disposable income along with adoption of new technologies in countries of the region.
Some of the prominent players operating in the global medical spa market include Allure Medical Spa, P.L.L.C., Biovital Med Spa LLC, Canyon Ranch, Inc, Anantara Kihavah Villas, Clinique La Prairie S.A., Global Hyatt, Sciton, Inc, True Skin Care Center, Saltz Spa Vitória, and Cocoon Medical Spa.