According to a new report, published by KBV research, The Global Surgical Lights Market size is expected to reach $5.0 billion by 2031, rising at a market growth of 5.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 13,891.0 Hundred Units, experiencing a growth of 16.3% (2020-2023).
Several factors also hinder the growth of the surgical lights market. One of the factors is compatibility and integration. Surgical lights must be compatible with other equipment used in operating rooms, such as imaging systems and surgical tables. Ensuring seamless integration can be challenging, particularly as technology continues to evolve. Healthcare providers facing budget constraints may opt for lower-cost alternatives to traditional surgical lighting systems. This could include refurbished or used equipment or alternative lighting technologies that offer lower upfront costs but may not provide the same performance or features.
The LED segment would exhibit a CAGR of 7% during (2024 - 2031). LEDs serve as the primary light source in modern surgical lights. They produce bright, white light with a high color rendering index (CRI), accurately rendering colors and tissues during surgical procedures. Some LED surgical lights are designed to withstand sterilization, allowing easy cleaning and maintenance in sterile environments. This helps maintain a hygienic surgical environment and reduces the risk of infections.
The Hospital Operating Rooms segment is generating highest revenue in the Global Surgical Lights Market by End Use in 2023; thereby, achieving a market value of $2.3 billion by 2031. Hospitals are increasingly focused on energy efficiency and sustainability. LED surgical lights are preferred in operating rooms for their energy-saving capabilities and long lifespan, reducing maintenance costs. Hospitals prioritize infection control in their operating rooms, leading to the adoption of lighting solutions that are easy to clean and maintain to prevent the spread of pathogens.
The Cardiac Surgery segment is experiencing a CAGR of 5.1 % during (2024 - 2031). By necessitating precise illumination, consistent visibility during long procedures, adherence to sterile protocols, support for minimally invasive techniques, and a focus on efficiency and cost-effectiveness, cardiac surgery drives the demand for advanced surgical lights. Advanced LED surgical lights address these requirements, making them indispensable tools in modern cardiac operating rooms.
Full Report: https://www.kbvresearch.com/surgical-lights-market/
The North America region dominated the Global Surgical Lights Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.7 billion by 2031. The Europe region is anticipated to grow at a CAGR of 5.3% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 6.4% during (2024 - 2031).
By Type (Volume, Hundred Units, USD Billion, 2020-2031)
By End Use (Volume, Hundred Units, USD Billion, 2020-2031)
By Application (Volume, Hundred Units, USD Billion, 2020-2031)
By Geography (Volume, Hundred Units, USD Billion, 2020-2031)
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