Rising Geriatric Population and Increasing Surgical Procedures to Drive the Surgical Lamps Market Worldwide

  • Published On : Apr 13, 2015
Surgical Lamps are medical devices that provide optimal illumination for surgical procedures such as neurosurgery, endoscopic surgery, dental surgery, and optical procedures. These devices are used for optimal brightness and high intensity shadow-free illumination of small sized and low-contrast substances in the cavity of the body during surgical procedures. Surgical lamps have application in operation theatres of hospitals and mobile surgery centers.

The surgical lamps market is experiencing growth worldwide due to technological advancements, innovations, and increasing surgery centers in number. Additionally, aging population and increase in number of surgeries due to lifestyle changes is also driving the surgical lamps market. To sustain the demand for surgical lamps, healthcare organizations and government agencies are taking initiatives to design advanced technology devices that are energy efficient and have less green house gas emissions. However, the high costs of CFL and LED lamps, complications that are associated with CFLs and economic slump in some regions of the world may restraint the global surgical lamps market. 

The surgical lamps market is segmented on four perspectives namely product type, technology, type of light, and geography. Globally, the surgical lamps market is expected to grow from US$5,54,938.8 in 2014 to US$7,28,915.2 by 2020 growing at CAGR of 4.6% in the period.

Low Operating Cost LED Technology Surgical Lamps to Propel the Surgical Lamps Market

On the basis of technology, the surgical lamps market comprises CFL surgical lamp, LED surgical lamp, and halogen surgical lamp. At the technology front, surgical lamps market is witnessing increased use of LED technology. The use of LED technology helps reduce heat radiation and is low in operating cost. 

In terms of type of light the surgical lamp market is segmented into homogenous light, vein light, high color rendering index (CRI) light, special germicidal ultraviolet ray light, and others. Of these, high color rendering index light lamps and vein light lamps are the fastest growing segments in the surgical lamps market. On the basis of product types, the surgical lamps market consists of surgical headlight lamp, laser light lamp, ceiling mount, dental light lamp, and others. 

High Prevalence of Chronic Diseases to Boost the Surgical Lamps Market in Asia

Geographically, the surgical lamps market is segmented as North America, Asia Pacific, Europe, and Rest of the World (RoW). North America emerged as the largest market for surgical lamps market owing to the rise in the number of surgical procedures, government initiatives mandating the use of energy-efficient surgical lamps in healthcare institutions. Moreover, innovative surgical lamps applications that are cost effective are also boosting the surgical lamps market in the region. The surgical lamps market in North America was valued at US$234, 241 thousand in 2014 and is anticipated at US$728, 915.2 thousand by 2020 growing at CAGR of 4.8% in the period.

In the geographical region of Europe, the surgical lamps market is growing due to government initiatives favoring the use of cost-effective and energy-efficient surgical lamps in the region. Additionally, rising geriatric population, growing incidence of diseases that are age-related and increasing surgical procedures is driving the surgical lamps market in the region.

Asia is identified as the fastest growing region owing to rising number of surgeries performed in Japan, China, and Southeast Asian countries. Moreover, growing geriatric population and increasing prevalence of chronic diseases is likely to boost the surgical lamps market in the region.

Some of the major vendors operating in the surgical lamps market are KLS Martin Group, Integra Lifesciences Corporation, Stryker Corporation, Koninklijke Philips N.V., KLS Martin Group, Welch Allyn, KG and DRE Inc., Skytron, and Herbert Waldmann Gmbh &Co.

Browse Full Surgical Lamps Market Research Report With Complete TOC @ https://www.persistencemarketresearch.com/market-research/surgical-lamps-market.asp
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