Market Overview:
The global medical illumination systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and technological advancements in medical illumination systems. Based on type, the global medical illumination systems market is segmented into surgery lights, examination lights, specialty lights, and other medical illumination systems. The surgery lights segment is expected to account for the largest share of the global medical illumination systems market in 2018. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due to the increasing demand for minimally invasive surgeries across the globe. Based on application, the global medical illumination systems market is divided into hospitals and clinics. The hospitals segment accounted for majority share (64%) of total revenue generated by application segments in 2017 and it is projected that this trend will continue during forecast period as well owing rise incidence rates chronic diseases which are usually treated through hospitalization process globally . However , clinic s segm ent i s expec ted t o gr ow at a hig her cagr duri ng th e fo recas t per iod du e t o increasin g preva lence o f non-chronic disea ses an d growing preference f or outpatient treatment over hospitalization .
Product Definition:
Medical illumination systems are devices used to provide light for medical procedures. They may be used to illuminate a specific area or to provide general lighting in a room. Medical illumination systems are important because they help ensure that medical procedures are performed safely and effectively.
Surgery Lights:
The global surgery lights market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing number of surgical procedures globally, rising awareness about the benefits of using LED lighting during surgeries, and growing adoption by healthcare professionals are some key factors driving growth in this market.
Examination Lights:
Examination lights is a generic term used for the illumination source that is employed by medical practitioners during clinical examination. There are two broad categories of examination light, namely office-based and portable/field-based. Office-based lights can be further categorized into table, overhead, and floor lamps whereas portable/field based on their location i.e., in the clinic or hospital room or outdoors under tents at sports events etc., are known as field lamps or handheld lamps respectively.
Application Insights:
Based on application, the global medical illumination systems market is segmented into hospital, clinic and other applications. The hospital segment dominated the overall market in terms of revenue in 2017. High usage rates of surgical lights at hospitals as compared to clinics are some of the major factors driving this growth. Moreover, an increasing number of hospitals across various regions is also expected to contribute towards industry growth over the forecast period.
The examination room light segment held a significant share in 2017 owing to its rising adoption by doctors and rising awareness about advanced products with better features such as energy-efficient lighting devices that do not cast shadows on patients and reduce eye strain for patients during examinations or surgeries performed by them. These factors are expected to drive product demand over the forecast period thus contributing towards industry growth globally.
Regional Analysis:
North America held the largest market share in 2017 owing to the presence of well-established healthcare infrastructure and high adoption rate of advanced medical devices. Moreover, increasing demand for minimally invasive surgeries is also expected to drive regional growth over the forecast period. Asia Pacific is anticipated to witness lucrative CAGR during the forecast period due to rising awareness regarding various available options for treatment and surgical procedures along with growing number of hospitals & clinics in this region. Rising geriatric population coupled with increasing prevalence of chronic diseases such as diabetes, cancer, & cardiovascular disorders are some other factors driving regional growth.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical illumination systems market is expected to grow at a CAGR of 6.5% during the forecast period due to the increasing demand for minimally invasive surgeries. Minimally invasive surgeries are less traumatic and result in shorter hospital stays, which is driving the adoption of medical illumination systems.
- Technological advancements: The development of new technologies such as fiber-optic light guides and LED lighting has led to the introduction of innovative products in the medical illumination systems market, thereby driving its growth.
- Rising number of surgical procedures: The number of surgical procedures is increasing globally, which is leading to an increase in demand for medical illumination systems. For instance, according to World Bank data, there were approximately 234 million surgical procedures performed worldwide in 2013, and this number is expected to grow significantly in the coming years owing to rising population levels and aging populations across countries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Illumination Systems Market Research Report
By Type
Surgery Lights, Examination Lights, Specialty Lights, Other
By Application
Hospital, Clinic
By Companies
MedicalIllumination, STERIS, NUVO Surgical, Stryker, DRE Medical, Philips Burton, Meditek, Dixion, apexx, Bovie Medical, Universal Medical Inc., MTI, SIMEON Medical, Medline Industries, Inc., Amico, Peacocks Medical Group, Bender UK Ltd., Mindray, SYNERGY medical, Suburban Surgical, klsmartin, Merivaara, Tedisel Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Medical Illumination Systems Market Report Segments:
The global Medical Illumination Systems market is segmented on the basis of:
Types
Surgery Lights, Examination Lights, Specialty Lights, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MedicalIllumination
- STERIS
- NUVO Surgical
- Stryker
- DRE Medical
- Philips Burton
- Meditek
- Dixion
- apexx
- Bovie Medical
- Universal Medical Inc.
- MTI
- SIMEON Medical
- Medline Industries, Inc.
- Amico
- Peacocks Medical Group
- Bender UK Ltd.
- Mindray
- SYNERGY medical
- Suburban Surgical
- klsmartin
- Merivaara
- Tedisel Medical
Highlights of The Medical Illumination Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Surgery Lights
- Examination Lights
- Specialty Lights
- Other
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Illumination Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical illumination systems are devices that use light to improve the visibility of medical procedures and treatments. They can be used in hospitals, clinics, and other medical facilities. Medical illumination systems can help doctors diagnose problems more quickly and provide better care for patients.
Some of the major players in the medical illumination systems market are MedicalIllumination, STERIS, NUVO Surgical, Stryker, DRE Medical, Philips Burton, Meditek, Dixion, apexx, Bovie Medical, Universal Medical Inc., MTI, SIMEON Medical, Medline Industries, Inc., Amico, Peacocks Medical Group, Bender UK Ltd., Mindray, SYNERGY medical, Suburban Surgical, klsmartin, Merivaara, Tedisel Medical.
The medical illumination systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Illumination Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Illumination Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Illumination Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Illumination Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Illumination Systems Market Size & Forecast, 2018-2028
4.5.1 Medical Illumination Systems Market Size and Y-o-Y Growth
4.5.2 Medical Illumination Systems Market Absolute $ Opportunity
Chapter 5 Global Medical Illumination Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Illumination Systems Market Size Forecast by Type
5.2.1 Surgery Lights
5.2.2 Examination Lights
5.2.3 Specialty Lights
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Illumination Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Illumination Systems Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Illumination Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Illumination Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Illumination Systems Analysis and Forecast
9.1 Introduction
9.2 North America Medical Illumination Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Illumination Systems Market Size Forecast by Type
9.6.1 Surgery Lights
9.6.2 Examination Lights
9.6.3 Specialty Lights
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Illumination Systems Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Illumination Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Illumination Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Illumination Systems Market Size Forecast by Type
10.6.1 Surgery Lights
10.6.2 Examination Lights
10.6.3 Specialty Lights
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Illumination Systems Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Illumination Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Illumination Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Illumination Systems Market Size Forecast by Type
11.6.1 Surgery Lights
11.6.2 Examination Lights
11.6.3 Specialty Lights
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Illumination Systems Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Illumination Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Illumination Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Illumination Systems Market Size Forecast by Type
12.6.1 Surgery Lights
12.6.2 Examination Lights
12.6.3 Specialty Lights
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Illumination Systems Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Illumination Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Illumination Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Illumination Systems Market Size Forecast by Type
13.6.1 Surgery Lights
13.6.2 Examination Lights
13.6.3 Specialty Lights
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Illumination Systems Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Illumination Systems Market: Competitive Dashboard
14.2 Global Medical Illumination Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MedicalIllumination
14.3.2 STERIS
14.3.3 NUVO Surgical
14.3.4 Stryker
14.3.5 DRE Medical
14.3.6 Philips Burton
14.3.7 Meditek
14.3.8 Dixion
14.3.9 apexx
14.3.10 Bovie Medical
14.3.11 Universal Medical Inc.
14.3.12 MTI
14.3.13 SIMEON Medical
14.3.14 Medline Industries, Inc.
14.3.15 Amico
14.3.16 Peacocks Medical Group
14.3.17 Bender UK Ltd.
14.3.18 Mindray
14.3.19 SYNERGY medical
14.3.20 Suburban Surgical
14.3.21 klsmartin
14.3.22 Merivaara
14.3.23 Tedisel Medical
