Market Overview:
The global medical penlights market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for LED-based medical penlights and rising awareness about their benefits over traditional halogen-based medical penlights. In addition, the growing number of hospitals and clinics across the globe is also contributing to the growth of this market. The global medical penlights market can be segmented on the basis of type into halogen-based and LED-based medical penlights. The LED-based segment is expected to grow at a higher CAGR than the halogen-based segment during the forecast period from 2018 to 2030, owing to its advantages such as low power consumption, long life span, and low heat generation.
Product Definition:
A medical penlight is a small flashlight used by doctors, nurses, and other medical professionals to examine patients' eyes. It is also used to check other body parts for color and appearance.
Halogen:
Halogen is a chemical element that consists of a halogen group with the symbol H. The word Halogen is derived from the Greek word “halog” which means “to boil”. It's an alloy of fluorine, chlorine, and bromine and used in various medical devices such as surgical lights, X-ray machines etc.
LED:
LED is Light-Emitting Diode and it's a small semiconductor device that emits light when electricity is applied. The most commonly used type of LED in medical penlights are the white LED, red LED, and blue LED. Each color of the light has different applications for example; red LEDs are used to indicate warning or caution signal while driving at night or during an emergency situation whereas green LEDs indicate normal traffic signal.
Application Insights:
Based on application, the global medical penlights market has been segmented into hospital, clinic and others. The hospital segment dominated the overall market in terms of revenue in 2017. This is attributed to increasing prevalence of chronic diseases such as cancer, diabetes and cardiovascular diseases that require regular monitoring and treatment procedures at hospitals. As a result, demand for LED light sources used for patient examination has increased significantly over the past few years.
The growing importance of maintaining hygiene levels across clinics is expected to drive demand for medical pens over the forecast period due to their ability to provide precise lines with different intensities of light according to requirements.
Regional Analysis:
North America dominated the global medical penlights market in 2017 owing to high adoption of technologically advanced devices. Increasing number of surgical procedures and rising prevalence of chronic diseases are some other factors driving the market growth in this region. In addition, presence of major key players such as LED Lenser LLC, Ocutech Inc., and Icare Medical LLC is also expected to drive the demand for these devices over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to increasing awareness about various treatments available through medical penlights. Rising incidence diabetes and cancer patients requiring surgeries at hospitals & clinics are also contributing towards increased demand for these light sources during night time hours which further drives revenue generation opportunities for vendors operating within this industry space (LED Lenser LLC; Ocutech Inc.; Icare Medical LLC).
Growth Factors:
- Increasing demand for medical penlights from the emergency medical services (EMS) sector
- Rising number of surgical procedures requiring use of medical penlights
- Growing awareness about the benefits of using medical penlights among healthcare professionals and consumers alike
- Technological advancements in LED lighting technology that offer better performance and longer life span for medical penlights
- Proliferation of online retail channels that offer a wider selection of medical penlights at competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Penlights Market Research Report
By Type
Halogen, LED
By Application
Hospital, Clinic
By Companies
Prestige Medical, Honsun, Spirit Medical, American Diagnostic, Keeler, Heine, MDF Instruments, Zumax Medical, Rudolf Riester, Alexandra, Eduard Gerlach, Essilor Instruments, Haymed, Jorgensen Laboratories, Kimetec GmbH Medizintechnik, Spengler, Sugih Instrumendo Abadi, Timesco, Volk
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Medical Penlights Market Report Segments:
The global Medical Penlights market is segmented on the basis of:
Types
Halogen, LED
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:
- Prestige Medical
- Honsun
- Spirit Medical
- American Diagnostic
- Keeler
- Heine
- MDF Instruments
- Zumax Medical
- Rudolf Riester
- Alexandra
- Eduard Gerlach
- Essilor Instruments
- Haymed
- Jorgensen Laboratories
- Kimetec GmbH Medizintechnik
- Spengler
- Sugih Instrumendo Abadi
- Timesco
- Volk
Highlights of The Medical Penlights 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:
- Halogen
- LED
- 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 Penlights 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.
How you may use our products:
- Correctly Positioning New Products
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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 penlights are small, battery-powered devices that are used to illuminate medical procedures or examine patients. They come in a variety of shapes and sizes, and can be attached to a key ring or belt loop for easy access.
Some of the key players operating in the medical penlights market are Prestige Medical, Honsun, Spirit Medical, American Diagnostic, Keeler, Heine, MDF Instruments, Zumax Medical, Rudolf Riester, Alexandra, Eduard Gerlach, Essilor Instruments, Haymed, Jorgensen Laboratories, Kimetec GmbH Medizintechnik, Spengler, Sugih Instrumendo Abadi, Timesco, Volk.
The medical penlights market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Penlights 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 Penlights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Penlights 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 Penlights 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 Penlights Market Size & Forecast, 2018-2028
4.5.1 Medical Penlights Market Size and Y-o-Y Growth
4.5.2 Medical Penlights Market Absolute $ Opportunity
Chapter 5 Global Medical Penlights 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 Penlights Market Size Forecast by Type
5.2.1 Halogen
5.2.2 LED
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Penlights 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 Penlights Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Penlights 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 Penlights 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 Penlights Analysis and Forecast
9.1 Introduction
9.2 North America Medical Penlights 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 Penlights Market Size Forecast by Type
9.6.1 Halogen
9.6.2 LED
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 Penlights 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 Penlights Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Penlights 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 Penlights Market Size Forecast by Type
10.6.1 Halogen
10.6.2 LED
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 Penlights 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 Penlights Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Penlights 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 Penlights Market Size Forecast by Type
11.6.1 Halogen
11.6.2 LED
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 Penlights 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 Penlights Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Penlights 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 Penlights Market Size Forecast by Type
12.6.1 Halogen
12.6.2 LED
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 Penlights 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 Penlights Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Penlights 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 Penlights Market Size Forecast by Type
13.6.1 Halogen
13.6.2 LED
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 Penlights 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 Penlights Market: Competitive Dashboard
14.2 Global Medical Penlights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Prestige Medical
14.3.2 Honsun
14.3.3 Spirit Medical
14.3.4 American Diagnostic
14.3.5 Keeler
14.3.6 Heine
14.3.7 MDF Instruments
14.3.8 Zumax Medical
14.3.9 Rudolf Riester
14.3.10 Alexandra
14.3.11 Eduard Gerlach
14.3.12 Essilor Instruments
14.3.13 Haymed
14.3.14 Jorgensen Laboratories
14.3.15 Kimetec GmbH Medizintechnik
14.3.16 Spengler
14.3.17 Sugih Instrumendo Abadi
14.3.18 Timesco
14.3.19 Volk
