The Medical Lighting Technologies Global Market Report 2023 by The Business Research Company, provides medical lighting technologies market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Medical Lighting Technologies Global Market Report 2023, the market size is expected to grow from$2.94 billion in 2022 to $3.19 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global medical lighting technologies is expected to grow to $4.31 billion in 2027 at a CAGR of 7.8%.
The increase in 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.
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The medical lighting technologies market 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
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 January 2020, Gentex Corporation, a US-based electronics and technology company, unveiled an innovative lighting technology for medical applications. The Gentex smart lighting system consists of a number of flushes, ceiling-mounted lighting modules with banks of dynamically changeable LED arrays that work together to direct concentrated illumination where and when it is required. The system creates a target lighting zone using vocal commands, hand motions, or a handheld tracking device. The activation, intensity, and direction of the light array are then coordinated by an integrated machine-vision camera to reduce shadows and produce ideal lighting conditions within the designated surgical field. Also, for surgical and patient care facilities, Gentex’s new smart lighting system blends ambient room lighting with camera-controlled, adaptive task lighting.
The medical lighting technologies market report table of contents includes:
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Top Major Players
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