The medical germicidal lamps market is anticipated to be USD 560.5 Million by 2032, up from USD 215.8 Million in 2022, advancing at a CAGR of 9.1% from 2022 to 2032. The rise in surgeries and growing desire for better healthcare facilities are driving the demand for medical germicidal lamps.
| Report Attribute | Details |
|---|---|
| Medical Germicidal Lamps Market Value (2022) | USD 215.8 million |
| Medical Germicidal Lamps Market Anticipated Forecast Value (2032) | USD 560.5 million |
| Medical Germicidal Lamps Market Expected Growth Rate (2022 to 2032) | 9.1% |
The sales of medical germicidal lamps has been impacted by new technologies like LED surgical lamps, CFL surgical lamps, halogen surgical lamps, and others. The demand for medical germicidal lamps is surging due to the new cutting-edge developments.
The growing interest in the end user segment, such as hospitals and specialist clinics, is one of the emerging trends in the medical germicidal lamps market. Several medical germicidal lamps market manufacturers are currently pushing germicidal UV lights for preventing contamination in indoor environments, particularly fungal contamination, improving the sales of medical germicidal lamps.
Demand for medical germicidal lamps is high, as they can eliminate the fungi, molds, mildews, and several viruses. In hospitals, sales of medical germicidal lamps are expanding, as they are used to sterilize both the air in the operating room and surgical tools.
UV light, a short-wave ultraviolet light, is used by medical germicidal lamps to cut off bacteria, protozoa, viruses, and DNA base pairing. Medical germicidal lamps market had a CAGR of 8.9% during 2016 to 2021.
The medical germicidal lamps market share is being pushed by an increase in operations and a rising need for enhanced healthcare facilities. Due to the growing demand for medical germicidal lamps in surgery and invasive operations, technological breakthroughs have changed the medical germicidal lamp market outlook globally over the past year.
Due to the advancement of its innovative technology under controlled circumstances, the sales of medical germicidal lamps is anticipated to expand. The sales of medical germicidal lamps is more likely to be constrained by high CFL and LED lamp prices, as well as a recession in some developing nations.
According to FMI, the medical germicidal lamps market is divided into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, the Middle East, and Africa. Due to an increase in surgeries and government initiatives to adopt new technology, North America is predicted to dominate the global medical germicidal lamps market share, with the expected CAGR of 32% during the forecast period.
The demand for medical germicidal lamps is expanding in Western Europe as a result of the rise in age-related disorders and the aging population. Europe is expected to have a CAGR of 28% during the forecast period of 2022 to 2032.
Due to an increase in surgeries in nations like China and Japan, Asia Pacific is the region with the fastest expansion in the medical germicidal lamps market. A growth in the frequency of chronic diseases and the desire for medical germicidal lamps among the elderly have both helped to increase sales of medical germicidal lamps.
To solidify their market position, medical germicidal lamps manufacturers are utilizing various strategies, such as mergers and acquisitions, partnerships, collaborations, to cope up with the sales of medical germicidal lamps.
Some of the medical germicidal lamps market key players are American Ultraviolet, Steril-Aire, Spectronics Corporation, Herolab GmbH, UVP, LLC, Atlantic Ultraviolet Corporation, Light Sources, Inc., and Sankyo Denki Co. holding an adequate medical germicidal lamps market share.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.1% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2014 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Technology, product type, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key Companies Profiled | American Ultraviolet; Steril-Aire; Spectronics Corporation; Herolab GmbH; UVP; LLC; Atlantic Ultraviolet Corporation; Light Sources, Inc.; Sankyo Denki Co. |
| Customization | Available Upon Request |
The medical germicidal lamps market is projected to grow at a CAGR of 9.1% through 2032.
The medical germicidal lamps market size is expected to reach USD 560.5 million in 2032.
Demand for medical germicidal lamps is due to the rise in surgeries and growing desire for better healthcare facilities.
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Medical Germicidal Lamps Market
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