Global Surgical Lamp Market Is Driven by Technological Advancements in Surgical Procedures

SAN FRANCISCO, Aug. 10, 2017 (GLOBE NEWSWIRE) -- Global Surgical Lamp Market Report, published by Variant Market Research, forecast that the global market is expected to reach $859 billion by 2024 from $602 billion in 2016, growing at a CAGR of 4.5% from 2016 to 2024.  By geography, Asia-Pacific and North America are expected to grow at a CAGR of 5.2% and 4.5%, respectively, during the forecast period.

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Major drivers of global surgical lamp market are growing need for advanced applications of cost-saving surgical light lamps, increasing number of surgeries, and rising technological advancements. Moreover, government initiatives supporting the implementation of energy-efficient surgical lamps and advancements in surgical procedures would provide opportunities over the forecast period. However, high cost of surgical lamps may hamper the growth of market.

The global surgical lamp market has been bifurcated into technology, type of light, product type, and geography. Technology segment includes LED surgical lamps, CFL surgical lamps, and halogen surgical lamps. LED surgical lamps held for the highest market share in 2016. By type of light, the market is further segmented into colour rendition light, special germicidal ultraviolet ray, homogenous light, vein light, and others. Vein light is anticipated to grow at a fastest CAGR over the forecast period. Furthermore, product type inlcudes ceiling mount surgical lamp, dental light lamp, surgical headlight lamp, laser light, and others. Ceiling mount surgical lamp accounted for the highest market share in 2016.

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North America, Europe, Asia-Pacific, and Rest of the world (RoW) are the major geographical sub segment of global surgical lamp market. In 2016, North America is expected to dominate the global market with highest market share. Asia-Pacific is anticipated to grow at a fastest CAGR over the forecast period. The growth is attributed to growing geriatric population, rising occurrence of lifestyle-related diseases and increasing demand for energy-efficient & cost-effective lamps.

Major companies operating in the global surgical lamp market are Welch Allyn, Integra LifeSciences Corporation, Steris Corporation, KLS Martin Group, Stryker Corporation, DRE INC., Skytron, A-dec, Inc., Koninklijke Philips N.V., Waldmann GmbH & Co. KG, and Herbert, among others.

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Scope of Global Surgical Lamp Market

Technology Segments

  • LED Surgical Lamps
  • CFL Surgical Lamps
  • Halogen Surgical Lamps

Type of Light Segments

  • Colour Rendition Light
  • Homogenous Light
  • Special Germicidal Ultraviolet Ray
  • Vein Light
  • Others

Product Type Segments

  • Ceiling Mount Surgical Lamp
  • Surgical Headlight Lamp
  • Dental Light Lamp
  • Laser Light
  • Others

Geography Segments

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Others
  • Asia-Pacific
    • India
    • Japan
    • China
    • Others
  • RoW
    • South America
    • Middle East
    • Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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