Global Medical Lighting Technologies Market Overview 2024: Size, Growth Rate, and Segments
The medical lighting technologies
global market report 2024 from The Business Research Company provides
comprehensive market statistics, including global market size, regional shares,
competitor market share, detailed segments, trends, and opportunities. This
report offers an in-depth analysis of current and future industry scenarios,
delivering a complete perspective for thriving in the industrial automation
software market.
Medical Lighting Technologies Market, 2024 report by The Business Research
Company offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The medical lighting technologies market size has grown strongly in recent
years. It will grow from $3.18 billion in 2023 to $3.46 billion in 2024 at a
compound annual growth rate (CAGR) of 8.5%. The growth in the historic period
can be attributed to growing healthcare infrastructure, enhanced surgical
procedures, rise in minimally invasive surgeries, focus on patient comfort, demand
for energy-efficient solutions, demand for energy-efficient solutions, global
healthcare spending increase.
The medical lighting technologies market size is expected to see strong growth
in the next few years. It will grow to $4.74 billion in 2028 at a compound
annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be
attributed to shift towards human-centric lighting, advancements in color
rendering, remote and telemedicine trends, focus on environmental
sustainability, enhancing operating room lighting, enhanced operating room
lighting. Major trends in the forecast period include led technology dominance,
advancements in surgical lighting, integration of smart lighting solutions,
uv-c disinfection lighting, collaborations for technological integration,
telemedicine and video conferencing lighting solutions.
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Scope Of Medical Lighting Technologies Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Medical Lighting Technologies Market Overview
Market Drivers -
Increasing demand for better healthcare facilities is expected to propel the
growth of the medical lighting technologies market going forward. Healthcare
facilities refer to residential care institutions, nursing facilities,
intermediate care facilities for people with mental illnesses, or intermediate
care facilities for people with mental retardation. Lighting is critical in the
healthcare setting since it is used in ICUs, operating rooms, and other
critical places. High-quality lighting is required to offer a secure and
comfortable atmosphere for patients, hospital personnel, and visitors. For
instance, in May 2022, according to an article published by the American
Medical Association, a US-based professional association, and lobbying group of
physicians and medical students, in 2020, healthcare spending in the United
States is expected to rise by 9.7% to $4.1 trillion, or $12,530 per person.
This pace of growth is significantly higher than that of 2019 (4.3%).
Therefore, increasing demand for better healthcare facilities is driving the
growth of the medical lighting technologies market.
Market Trends -
Technological advancements are a key trend gaining popularity in the medical
lighting technologies market. Major companies operating in the medical lighting
technology market are focused on developing new technological solutions to gain
a competitive edge in the market. For instance, in April 2021, Axis Lighting a
Canada based a manufacturer of high-performance commercial lighting solutions
and BIOS Lighting is a US-based company that specializes in developing and
manufacturing lighting solutions that are designed to promote human health and
well-being. a have announced the launch of Balanced Care, a new family of
healthcare lighting luminaires that feature BIOS Sky Blue circadian technology.
BalancedCare is a healthcare lighting brand that is designed for patient rooms,
MRI suites, patient restrooms, nurses' stations, corridors, and common areas.
The BalancedCare MRI Series is built around modern LED technology to provide
superior lighting for MRI suites. The effort intends to address the unique
issues of healthcare facility lighting while also promoting patient welfare.
The medical lighting technologies market covered in this report is segmented –
1) By Product: Surgical Lamps, Examination lights, Speciality lights,
Accessories
2) By Technology: LED, Halogen, Incandescent, Other Technologies
3) By End-User: Hospitals, Outpatient Facilities, Dental Hospitals, Other
End-User
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Regional Insights -
North America was the largest region in the medical lighting technologies
market in 2023. Asia-Pacific is expected to be the fastest-growing region in
the forecast period. The regions covered in the medical lighting technologies
market report are Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East, Africa.
Key Companies -
Major companies operating in the medical lighting technologies market report
are A-Dec Inc., Brandon Medical Company Limited, Burton Medical LLC, Daray
Limited, Draegerwerk AG & Co KGaA, Eaton Corporation plc, Excelitas
Technologies Corporation, GE HealthCare Technologies Ltd., Getinge AB, Integra
Lifesciences Holdings Corporation, KLS Martin SE & Co., Merivaara
Corporation, Steris plc, Stryker Corporation, Trilux GmbH & Co KG, Welch
Allyn Inc., Wolfspeed Inc., Johnson & Johnson Services Inc., 3M Company,
Abbott Laboratories, Alcon Inc., B. Braun Melsungen AG, Baxter Laboratories
Inc., Becton, Dickinson and Company, Boston Scientific Corp., Capsule Corp.,
Cardinal Health Inc., Grand Pharmaceutical Group Ltd., Danaher Corp., DNA
Script SAS, Endologix Inc., Fresenius SE & Co. KGaA, Fujifilm Ltd., Grail
Inc., Hill-Rom Holdings Inc.
1. Executive Summary
2. Medical Lighting Technologies Market Report Structure
3. Medical Lighting Technologies Market Trends And Strategies
4. Medical Lighting Technologies Market – Macro Economic Scenario
5. Medical Lighting Technologies Market Size And Growth
…..
27. Medical Lighting Technologies Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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