The minor surgical lights market is likely to register a CAGR of 4.5% during the forecast period, and is anticipated to reach a market share of US$ 5 Bn in 2032, from US$ 2.95 Bn in 2020, owing to the availability of different types of minor surgical lights according to the surgical procedure.
| Attributes | Details |
| Minor Surgical Lights Market CAGR | 4.5% |
| Minor Surgical Lights Market Size (2020) | US$ 2.95 Bn |
| Minor Surgical Lights Market Size (2032) | US$ 5 Bn |
Minor surgical lights are also utilized to perform minor surgical procedures at specialized clinics and emergency rooms, which creates the demand for minor surgical lights in hospitals. Surgical light systems are usually made up of a number of different tiny surgical lights.
There are many different varieties of minor surgical lights on the market, which makes it more accessible and impacts positively on the sales of minor surgical lights. Each one serves a different purpose in terms of illumination.
Moreover, minor surgical lights have a lifespan of 40,000 to 60,000 hours of use. This element is boosting the minor surgical lights market. Owing to the increased frequency of lifestyle disorders that necessitate surgical intervention, the demand for minor surgical lights is likely to rise rapidly throughout the forecast period.
Furthermore, more than 350 million surgical procedures were conducted worldwide, according to the World Health Organization. Due to its lower cost than LED lights, the convention light segment is predicted to capture the largest revenue share by higher sales of the minor surgical lights.
Although LED lights consume less electricity and give brighter illumination, the LED light segment by product type sector is likely to gain more traction in the minor surgical lights market. In terms of revenue, the ceiling mounted and wall mounted segment is predicted to lead the minor surgical lights market share.
The growing number of surgical procedures around the world is fueling the demand for the minor surgical lights. The availability of various types of minor surgical lights based on surgical procedure is also increasing sales of minor surgical lights.
Furthermore, technical advancements in the realm of electronic equipment, such as the introduction of LED lights, may propel the minor surgical lights market share to efficient growth throughout the forecast period.
Moreover, the expansion of the minor surgical lights market is being fueled by an increase in per capita healthcare expenditure and disposable income in developing countries.
On the other hand, a shortage of funds among hospitals in low-income countries to purchase expensive surgical equipment may stifle the sales of minor surgical lights.
Owing to the vast number of hospitals in India and China, Asia-Pacific is likely to be the key region, leading to the demand for minor surgical lights. In addition, the growing number of surgical interventions in these nations is fueling the sales of minor surgical lights.
Following Asia Pacific, Europe has the next largest minor surgical lights market share, owing to the increasing adoption of LED lights in this area. Due to the development in specialist clinics in the United States and Canada, North America is likely to gain significant traction in the sales of minor surgical lights.
Due to a shortage of funds for hospitals to purchase expensive surgical equipment, the demand for minor surgical lights in Latin America, the Middle East and Africa is predicted to grow slowly.
Aeonmed, Bovie Medical Corporation, Amico Group of Companies, Hill-Rom, Inc. Koninklijke Philips N.V., NUVO, SKYTRON, STERIS plc, MAQUET Holding B.V. & Co. KG, Stryker Corporation and others are some of the major key players in the minor surgical lights market, holding an adequate minor surgical lights market share.
The research outlined the top manufacturers and their plans for increasing sales of minor surgical lights, while accounting for all relevant considerations. The study includes a demand analysis, as well as the methods that manufacturers use to capitalize on opportunities in the minor surgical lights market.
It also includes estimates based on a set of reasonable assumptions and procedures, which contributes to the demand for minor surgical lights. The research report analyses and provides data for market segments such as purity, shape, grade, and end-use.
| Report Attribute | Details |
| Growth rate | CAGR of 4.5% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Product type, modality, end user, application, region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Aeonmed, Amico Group of Companies, Bovie Medical Corporation, Hill-Rom, Inc. Koninklijke Philips N.V., MAQUET Holding B.V. & Co. KG., NUVO, SKYTRON, STERIS plc., Stryker Corporation and others. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The minor surgical lights market is anticipated to register a CAGR of 4.5% during the forecast period.
The minor surgical lights market share is anticipated to reach US$ 5 Bn in 2032.
Demand for minor surgical lights is likely to rise, owing to the availability of different types of minor surgical lights according to the surgical procedure.
Explore Similar Insights
Minor Surgical Lights Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
