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Market Overview

The operating rooms always require specialized and technologically advanced lighting systems, as these systems play a significant role in a successful surgical procedure. Poor lighting spectrum may result into poor performance of the surgical team and impose adverse effect on the working environment and wellbeing of the patient.

Due to the specialized lighting requirement of the medical and surgical environments, dedicated medical and surgical lighting systems have been developed by the medical lighting system providers. These specialized light systems ensure shadow free illuminated areas along with true color rendering thus, enabling the surgeons to have unobstructed view of the body part under observation or examination and differentiate unhealthy tissues from the healthy ones. Further, it ensures minimal thermal radiations and low maintenance and better energy efficiency.

The global medical lighting market is growing exponentially due to the increasing adoption rate of the technologically advanced medical lights to cater the growing hospital chain. Furthermore, technological advancement in the developed countries and due to increasing disposable income in the emerging economies, such as Asia- Pacific and Latin America, the government is playing an active role in enhancing the healthcare infrastructure and facilities. The medical lighting systems provide optimal illumination during the surgical and medical examination procedures, such as neurosurgery, dental surgery, endoscopic surgery and optical surgery, among others. These systems provide optimally bright and shadow free high intensity light which is perfect for the visualization of small and low contrast objects within the body cavity during the surgeries.

Remarkable technological advances in materials and energy sources have revolutionized the surgical and exam lighting. Earlier, the surgeons and office-based physicians labored under the clumsy, excessively hot incandescent light domes but nowadays, sophisticated systems are used involving new energy sources such as halogen (quartz and tungsten), gas mixtures such as xenon plasma and the newest light emitting diodes (LEDs) technologies.

Due to restrictive budget for the hospitals and medical facilities, the incorporation of technologically advanced and energy efficient LEDs provides significant benefits both at the operational and financial level. LEDs are growing in popularity for their longevity and their ability to provide more light with less heat. The lighting technology is beginning to change from halogen or xenon lamps to LED arrays which promises the benefits of dramatically increased life, reduced energy consumption and cooler operating temperatures.

Most of the hospitals and other medical centers are witnessing an upgrade to a nascent LED lighting system can provide a positive impact on almost every level of hospitals functioning. Furthermore, these LED lighting technologies had also witnessed significant financial benefits in terms of energy saving, as it can reduce the 70% lighting expenditures and can also result into significant improvements in terms of patient recovery times and contribute by reducing the chances of errors in the surgical outputs.

The operating rooms are generally comprised of important medical devices such as patient monitoring systems along with the specially designed lighting fixtures for better illumination throughout the complex surgical procedures. These advanced medical lighting systems are used in almost every surgical procedure such as neurosurgery, cardio surgery, orthopedic, and gynecology surgeries, among others, across every possible application areas, such as within the operating rooms, examination rooms and ICUs to properly illuminate the areas under consideration. Proper illumination provides the surgeons and the other medical professionals, to obtain a better resolution of the surgical area and enables the surgical team in completing the needed medical task to be done more effectively and with improved results.

The global medical lighting technologies market is expected to account for $2.76 billion by 2026. Furthermore, as per the installation volume data, the total installation of surgical lighting systems is expected to grow at the CAGR of 5.2% during the forecast period, 2018-2025. However, the total installation of medical examination lights is expected to grow at the CAGR of 4.3% during the forecast period. The market broadly focuses on major products (surgical lights, medical exam lights, specialty lights & accessories), technology (LED, fluorescent and halogen among others), application (operating rooms, examination rooms and ICU, among others) and region (North America, Europe, Asia-Pacific, Latin America, Middle East and RoW)

The product segment comprises of surgical lighting system (ceiling mounted, headlights, mobile and wall mounted among others), examination lights (mobile, wall mounted, ceiling mounted, rail mounted, table top and floor standing among others) and specialty lighting & accessories. The surgical lighting segment constituted the highest market value in 2017, growing at the CAGR of 5.8% during the forecast period 2018-2025. However, specialty lights are expected to grow at the highest CAGR of 6.5% during the forecast period 2018-2026.

The fluorescent lighting technology acquired the highest market value in 2017 and is anticipated to reach $856.0 million by 2026. However, LED lighting technology is expected to be the leading contributor in 2026, growing at the highest CAGR of 8.3% during the forecast period 2018-2026.

The operating rooms/surgical suites acquired the highest market value in 2017, growing at the CAGR of 5.5% during the forecast period 2018-2026.

The surgical lighting systems in Asia-Pacific acquired the highest market volume data in 2017 and is anticipated to reach $37,751 units by 2026. However, the installation volume data of surgical lighting systems in RoW is expected to grow at the highest CAGR of 8.0% during the forecast period, 2018-2026.

The medical exam lighting systems in Asia-Pacific acquired the highest market volume data in 2017 and is anticipated to reach $390,577 units by 2026. However, the installation volume data of medical exam lighting systems in RoW is expected to grow at the highest CAGR of 8.3% during the forecast period, 2018-2026.

Proper lighting in a medical facility plays a significant role to make the patient calm during the treatment and provide better illumination to the medical practitioners and the staff members to improve the productivity. The hospitals and healthcare institutions face enormous pressure to find the lighting products that offer minimum carbon emissions and reduced energy consumption. The lighting solution providers are now offering a bundle of mixed mode system using intelligent sensors technology. The mixed mode system allows natural and artificial light in the premises to turn on and off automatically according to the patients’, visitors’ and staff’s movement and allows the adjustment of the intensity of lights according to the amount of the daylight present at any point of time. It results in significant reduction in electricity usage and thereby emitting minimum carbon dioxide.

A plethora of opportunities is presented from the emerging countries such as India, China, U.A.E and Mexico, among others. This can be attributed to the increasing government support, rising disposable income, rising number of hospitals in the emerging economies and technological advancement in lighting industry, among others. According to the World Bank, a total of 19,217 hospitals and healthcare facilities were registered in 177 countries, which was much higher as compared to the previous year (2016).

The market for the surgical lights had witnessed significant growth in three to four years down the line. The growth can be attributed to the active involvement of industry players and government in technological advancement in medical lighting spectrum and further rise in the number of surgical centers, including ambulatory surgical centers. Moreover, the increasing demand for better healthcare facilities and increasing number of hospitals in emerging economies are also spurring the growth of the medical lighting technologies market. However, high costs of LEDs lighting fixtures, economic slowdown in some regions, such as Africa and other Caribbean regions and lack of awareness regarding the advancements in the lighting technologies serves as a restraint for the growth of this market.

Among all the factors, active role of government in enhancing the healthcare infrastructure across several emerging economies is one of the prominent drivers for the growth of medical lighting technologies market. For instance, the governments in China, India, Japan, Brazil and Russia are actively participating in providing better healthcare facilities to their citizens and even offering favorable reimbursement and subsidies to increase the adoption rate of technologically advanced medical facilities across increasing hospital chain. The hospitals in the developed areas of North America and Europe are not only trying to get equipped with essential lighting for operations but also focused on utilizing the energy more efficiently with the usage of advanced LED technologies.

The medical lighting technologies’ ecosystem encompasses a wide array of companies spanning across the surgical lighting system’s manufacturers, medical exam light’s manufacturers and specialty light’s manufacturers.

The predominant strategy employed by the players to enter and/or expand in the emerging markets has been launch of new products. This market strategy accounted for approximately 58% of the total key developments in the global medical lighting technologies market. Several small-medium enterprises are frequently updating their product portfolio with innovative medical lighting technologies, to sustain in the competition.

Key Questions Answered in this Report:

•    What are the major market drivers, challenges and opportunities of the global medical lighting technologies market?
•    How did the advanced lighting technologies evolve and what is its scope in the future?
•    What were the market shares by value of the leading segments and sub-segments of the global medical lighting technologies market in 2017 and what will be the shares in 2026?
•    What were the market shares by volume of the leading product segment of the global medical lighting technologies market in 2017 and what will be the shares in 2026?
•    How will each of the segments of the global medical lighting technologies market by value grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2026?
•    How will the product segment of the global medical lighting technologies market by volume grow during the forecast period and what will be the installation volume of the lighting systems by region in the end of 2026?
•    How did the market share of the leading companies change in 2016 and which country will lead the market in 2017?
•    How will the medical lighting industry evolve during the forecast period 2018-2026?
•    What are the key developments and strategies implemented by the key players to stand out in this market? 
•    Which product, application and technology will dominate the global medical lighting technologies market by the end of the forecast period and which one is growing at the highest CAGR during the forecast period 2018-2026?
•    What will be the growth rate of different segments during the forecast period? Which is the leading segment by product, application, and technology?
•    Who are the key players in the global medical lighting technologies market?
•    Which region will lead the global medical lighting technologies market in revenue generation through the forecast period?
•    Which region will lead the global medical lighting technologies market in surgical and examination lighting systems installation volume throughout the forecast period?
•    Which country will be growing at the highest CAGR during the forecast period?

 

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Global Medical Lighting Technologies Market

Focus on Product, Application, Technology, Countries, Patents, Market Share, and Competitive Landscape - Analysis and Forecast (2018-2026)

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