Global Surgical Lighting System Market to Surpass US$ 579.6 Million by 2026 – Coherent Market Insights
SEATTLE--(BUSINESS WIRE)--Mar 14, 2019--According to Coherent Market Insights, the Global Surgical Lighting System Market was valued at US$ 394.1 million in 2017, and is projected to exhibit a CAGR of 4.4% during the forecast period (2018 – 2026).
Key Trends and Analysis of the Surgical Lighting System Market:
New product launches with advanced technology by key players is one of the major drivers for growth of the surgical lighting systems market. For instance, in July 2017, Merivaara, provider of wide range of high-quality equipment and solutions for hospitals, day surgery and health clinics, launched Merivaara Q-Flow, surgical light. The product aimed to improve working environment in operating theatres as well as reduce the risk of infection. Merivaara Q-Flow offers color rendering, particularly in red and skin shades, that helps the surgeons to perform a variety of surgeries such as internal or plastic surgery.
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Moreover, in October 2013, Skytron, LLC introduced the Spectra AUT1 exam light to its line of healthcare lighting solutions. Spectra AUT1 exam light possesses LED technology that provides bright, clear and shadow-free illumination for the exam room, emergency department, ICU, labor and delivery unit.
Furthermore, increasing number of hybrid operating rooms to perform minimally invasive procedures is expected to rise demand for surgical lighting systems. For instance, in July 2018, Covenant HealthCare launched the new hybrid operating suite and home of the ARTIS pheno, a robotic C-arm angiography system, used for minimally invasive interventional procedures. Moreover, in October 2018, Maxima Medical Center at Veldhoven, Netherlands, launched a hybrid operating room to perform vascular surgery as well as angioplasty and stent treatments.
Among regions, North America surgical lighting system market is expected to account for the largest market share, owing to high presence of key players (Stryker, Maquet, Steris, and Skytron) in this region. For instance, in April 2014, Stryker Corporation acquired Berchtold Holding, for US$ 172 million. Stryker strengthened its portfolio and broadened its hospital product offerings with this acquisition, adding Berchtold Holding’s product portfolio including surgical tables, equipment booms, and surgical lighting systems.
Moreover, in September 2018, Dentsply Sirona launched SiroLaser Blue in the U.S. SiroLaser Blue is the first dental diode laser that emits blue light at a wavelength of 445 nanometers (nm). The blue light energy is well absorbed by soft-tissue (i.e. hemoglobin and melanin and this enables fast, precise and virtually painless cutting.
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Key Market Takeaways:
- The global surgical lighting system market is projected to witness CAGR of 4.4% during the forecast period (2018 – 2026), owing to increasing number of approvals from regulatory agencies for surgical equipment. For instance, in June 2013, Maquet Medical Systems USA, received 510(k) clearance from U.S. Food and Drug Administration (FDA) for its Volista Surgical Lighting System.
- Among region, Europe is expected to show significant growth rate for surgical lighting system market owing to increasing number of new product launches in the region. For instance, in May 2017, Merivaara entered into partnership with Bender UK, to supply its Q-Flow LED surgical lights in UK.
- Major players operating in the global surgical lighting system market include STERIS plc., DRE Veterinaryl, Integra LifeSciences, Torontech Inc., Getinge AB, SKYTRON, Meditech, EMA-LED GmbH, NUVO, Trumpf Medical, Symmetry Surgical, S.I.M.E.O.N. Medical GmbH & Co. KG, Amico Group of Companies., MAQUET Holding B.V. & Co. KG, and Drägerwerk AG & Co. KGaA.
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CONTACT: Mr. Shah
Coherent Market Insights
1001 4th Ave.
Seattle, WA 98154
KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON
INDUSTRY KEYWORD: SURGERY HEALTH HOSPITALS MEDICAL DEVICES MEDICAL SUPPLIES GENERAL HEALTH
SOURCE: Coherent Market Insights
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PUB: 03/14/2019 08:30 AM/DISC: 03/14/2019 08:30 AM