The global Medical Lighting Technologies Market is forecasted to be worth USD 2.99 Billion by 2027, according to a current analysis by Emergen Research. Over the forecast timeframe, the increasing government investment in healthcare facilities is anticipated to accelerate the market growth of medical lightning technologies. Besides, In developing countries, the growing proliferation of hospitals is anticipated to further boost the market growth. Furthermore, Technically advanced and specialized lighting solutions are often needed for operation theatres since these solutions play a very important role in the efficient operation, Which is expected to stimulate the market growth in the forecast period.
In April 2019, Brandon Medical Co Ltd. Introduced i2i, a smart operating theatre solution. i2i represents isolated to integrated. It comprises smart, automated solutions to assist and empower engineers to minimize significant electrical hazards, which is expected to strengthen its market position in the European region.
The rising government expenditure on healthcare infrastructure and the growing number of hospitals in the emerging economies are driving the demand for the market.
Medical Lighting Technologies Market Size – USD 1.94 billion in 2019, Market Growth – CAGR of 5.9 %, Market Trends – The rise in the concern for a specialized lighting solution in the operation theater.
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Key participants include Getinge AB, Dragerwerk AG & Co. KGaA, Eaton Corporation plc, Herbert Waldmann GmbH & Co. KG, Cree Inc., Integra LifeSciences Holdings Corporation, Burton Medical Products Corporation, Brandon Medical Co Ltd., DRE Inc., and Koninklijke Philips N.V., among others.
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Specialty lighting
- Surgical lighting systems
- Surface-mounted Lights
- Examination lighting systems
Application Outlook (Revenue, USD Billion; 2017-2027)
- Intensive care units (ICU)
- Operating room/surgical suites
- Examination rooms
The latest and updated research report on the Global Medical Lighting Technologies Market covers a comprehensive overview of the Medical Lighting Technologies market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Medical Lighting Technologies market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
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Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and Medical Lighting Technologies market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.
Regional Analysis of the Medical Lighting Technologies Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key questions addressed in the report:
Who are the leading players dominating the global Medical Lighting Technologies Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for Medical Lighting Technologies in this industry vertical?
The report considers the following timeline for market estimations:
Historical Years: 2017 – 2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020 – 2027
Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive Medical Lighting Technologies market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Medical Lighting Technologies market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
In September 2020, Stratasys, a leading market player, made an announcement about the signing of a technical collaborative agreement with Team Penske, a motorsport outfit firm.
In the medical sector, Medical Lighting Technologies are used to make implants, scaffolds, surgical instruments, and prosthetics. The growing demand for advanced medical products and prosthetics are propelling the demand for the market.
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