Market Overview:
The global medical equipment light source market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of chronic diseases. Based on type, the LED light source segment is expected to account for the largest share of the global medical equipment light source market in 2018. This segment is projected to grow at a CAGR of 6.1% during the forecast period from 2018 to 2030.
Product Definition:
Medical Equipment Light Source is a device that emits light for the purpose of illumination. It is used in medical settings to help with procedures and surgeries.
LED Light Source:
LED light source is a type of artificial lighting that produces light by the virtue of electricity. The most commonly used LED lights for medical equipment are those which are 3-5mm in size and can be easily inserted into any medical equipment or device. They produce less heat compared to HID (High Intensity Discharge) lamps, have longer life span and consume less power.
Xenon Light Source:
Xenon light source is a type of ultra-violet LED lighting that produces bright white light. It has longer operational life and lower energy consumption as compared to standard HID or halogen lights. The xenon lights are used in medical equipment for illumination purposes due to their high quality and purity.
Application Insights:
The general surgery segment dominated the global medical equipment light source market in terms of revenue in 2017. The high adoption rate of LED and xenon light sources for surgeries is one of the major factors contributing to the large share held by this segment. Moreover, an increase in surgical procedures is expected to boost product demand over the forecast period. According to WHO, it has been estimated that around 1 million people die each year due to road traffic crashes globally which accounts for 2% of total deaths worldwide. This fact has led authorities across countries to take initiatives such as wearing helmets while riding a bicycle or driving a car which eventually leads to an increased number of accidents and injuries requiring treatment by doctors and hospitals resulting in higher demand for medical equipment such as imaging systems, endoscopy devices, etc.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high disposable income, and favorable reimbursement policies. The region is expected to maintain its dominance over the forecast period due to increasing R&D investments by pharmaceutical companies for developing advanced medical products.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising demand for technologically advanced equipment coupled with growing awareness regarding various treatment options available in this region. Moreover, economic development and improvement in healthcare infrastructure are also likely contributors toward regional growth.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical equipment light source 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 risky and cause less pain as compared to traditional open surgery procedures. This is driving the adoption of medical equipment light sources among healthcare providers worldwide.
- Technological advancements: The development of new and innovative products by manufacturers is expected to drive the growth of the global medical equipment light source market during the forecast period. For instance, in February 2017, Philips Healthcare announced its launch of a new product called “Lumify” which is a portable ultrasound system that helps physicians diagnose patients quickly and accurately. Such technological advancements are expected to increase adoption rates among healthcare providers, thereby driving market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Equipment Light Source Market Research Report
By Type
LED Light Source, Xenon Light Source, Other
By Application
Dentistry, Dermatology, Ophthalmology, Surgery, Oncology, ENT, Other
By Companies
Olympus, Boston, HOYA, B. Braun, Fujifilm, Smith & Nephew, Stryker, Mindray, Conmed, Karl Storz, Schoelly Fiberoptic, Richard Wolf, Tiansong, Aohua, SonoScape, GIMMI
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Medical Equipment Light Source Market Report Segments:
The global Medical Equipment Light Source market is segmented on the basis of:
Types
LED Light Source, Xenon Light Source, 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
Dentistry, Dermatology, Ophthalmology, Surgery, Oncology, ENT, Other
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:
- Olympus
- Boston
- HOYA
- B. Braun
- Fujifilm
- Smith & Nephew
- Stryker
- Mindray
- Conmed
- Karl Storz
- Schoelly Fiberoptic
- Richard Wolf
- Tiansong
- Aohua
- SonoScape
- GIMMI
Highlights of The Medical Equipment Light Source 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:
- LED Light Source
- Xenon Light Source
- Other
- By Application:
- Dentistry
- Dermatology
- Ophthalmology
- Surgery
- Oncology
- ENT
- Other
- 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 Equipment Light Source 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A medical equipment light source is a device that emits a beam of light to help doctors and nurses see inside the body.
Some of the major players in the medical equipment light source market are Olympus, Boston, HOYA, B. Braun, Fujifilm, Smith & Nephew, Stryker, Mindray, Conmed, Karl Storz, Schoelly Fiberoptic, Richard Wolf, Tiansong, Aohua, SonoScape, GIMMI.
The medical equipment light source market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Equipment Light Source Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Equipment Light Source Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Equipment Light Source Market - Supply Chain
4.5. Global Medical Equipment Light Source Market Forecast
4.5.1. Medical Equipment Light Source Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Equipment Light Source Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Equipment Light Source Market Absolute $ Opportunity
5. Global Medical Equipment Light Source Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Equipment Light Source Market Size and Volume Forecast by Type
5.3.1. LED Light Source
5.3.2. Xenon Light Source
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Equipment Light Source Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Equipment Light Source Market Size and Volume Forecast by Application
6.3.1. Dentistry
6.3.2. Dermatology
6.3.3. Ophthalmology
6.3.4. Surgery
6.3.5. Oncology
6.3.6. ENT
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Equipment Light Source Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Equipment Light Source Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Equipment Light Source Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Equipment Light Source Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Equipment Light Source Demand Share Forecast, 2019-2026
9. North America Medical Equipment Light Source Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Equipment Light Source Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Equipment Light Source Market Size and Volume Forecast by Application
9.4.1. Dentistry
9.4.2. Dermatology
9.4.3. Ophthalmology
9.4.4. Surgery
9.4.5. Oncology
9.4.6. ENT
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Equipment Light Source Market Size and Volume Forecast by Type
9.7.1. LED Light Source
9.7.2. Xenon Light Source
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Equipment Light Source Demand Share Forecast, 2019-2026
10. Latin America Medical Equipment Light Source Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Equipment Light Source Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Equipment Light Source Market Size and Volume Forecast by Application
10.4.1. Dentistry
10.4.2. Dermatology
10.4.3. Ophthalmology
10.4.4. Surgery
10.4.5. Oncology
10.4.6. ENT
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Equipment Light Source Market Size and Volume Forecast by Type
10.7.1. LED Light Source
10.7.2. Xenon Light Source
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Equipment Light Source Demand Share Forecast, 2019-2026
11. Europe Medical Equipment Light Source Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Equipment Light Source Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Equipment Light Source Market Size and Volume Forecast by Application
11.4.1. Dentistry
11.4.2. Dermatology
11.4.3. Ophthalmology
11.4.4. Surgery
11.4.5. Oncology
11.4.6. ENT
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Equipment Light Source Market Size and VolumeForecast by Type
11.7.1. LED Light Source
11.7.2. Xenon Light Source
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Equipment Light Source Demand Share, 2019-2026
12. Asia Pacific Medical Equipment Light Source Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Equipment Light Source Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Equipment Light Source Market Size and Volume Forecast by Application
12.4.1. Dentistry
12.4.2. Dermatology
12.4.3. Ophthalmology
12.4.4. Surgery
12.4.5. Oncology
12.4.6. ENT
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Equipment Light Source Market Size and Volume Forecast by Type
12.7.1. LED Light Source
12.7.2. Xenon Light Source
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Equipment Light Source Demand Share, 2019-2026
13. Middle East & Africa Medical Equipment Light Source Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Equipment Light Source Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Equipment Light Source Market Size and Volume Forecast by Application
13.4.1. Dentistry
13.4.2. Dermatology
13.4.3. Ophthalmology
13.4.4. Surgery
13.4.5. Oncology
13.4.6. ENT
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Equipment Light Source Market Size and Volume Forecast by Type
13.7.1. LED Light Source
13.7.2. Xenon Light Source
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Equipment Light Source Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Equipment Light Source Market: Market Share Analysis
14.2. Medical Equipment Light Source Distributors and Customers
14.3. Medical Equipment Light Source Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Olympus
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Boston
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HOYA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. B. Braun
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fujifilm
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Smith & Nephew
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stryker
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mindray
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Conmed
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Karl Storz
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Schoelly Fiberoptic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Richard Wolf
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tiansong
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Aohua
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SonoScape
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. GIMMI
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
