The global Medical Lighting Technologies Market is forecasted to be worth USD 2.99 Billion by 2027, according to a current analysis by Emergen Research. Over the forecast timeframe, the increasing government investment in healthcare facilities is anticipated to accelerate the market growth of medical lightning technologies.
Besides, In developing countries, the growing proliferation of hospitals is anticipated to further boost the market growth. Furthermore, Technically advanced and specialized lighting solutions are often needed for operation theatres since these solutions play a very important role in the efficient operation, Which is expected to stimulate the market growth in the forecast period.
Medical Lighting Technologies Market Size – USD 1.94 billion in 2019, Market Growth - CAGR of 5.9 %, Market Trends – The rise in the concern for a specialized lighting solution in the operation theater.
The rising government expenditure on healthcare infrastructure and the growing number of hospitals in the emerging economies are driving the demand for the market.
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In April 2019, Brandon Medical Co Ltd. Introduced i2i, a smart operating theatre solution. i2i represents isolated to integrated. It comprises smart, automated solutions to assist and empower engineers to minimize significant electrical hazards, which is expected to strengthen its market position in the European region.
Key participants include Getinge AB, Dragerwerk AG & Co. KGaA, Eaton Corporation plc, Herbert Waldmann GmbH & Co. KG, Cree Inc., Integra LifeSciences Holdings Corporation, Burton Medical Products Corporation, Brandon Medical Co Ltd., DRE Inc., and Koninklijke Philips N.V., among others.
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Specialty lighting
Surgical lighting systems
Surface-mounted Lights
Troffers
Accessories
Examination lighting systems
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Intensive care units (ICU)
Operating room/surgical suites
Examination rooms
Others
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Key questions addressed in the report:
Who are the leading players dominating the global Medical Lighting Technologies Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for Medical Lighting Technologies in this industry vertical?
The report further assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. It offers in-depth assessment of key companies operating in the market on the basis of their expansion plans, market position, financial standing, and gross profit margins. It also provides information about their current advancements and key market strategies.
Report Objective:
The global Beacon Technology market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, partnerships, collaborations, joint ventures, and new product launches to gain robust footing in the market and expand their product portfolio.
Regional Analysis:
The report sheds light on the region expected to dominate the Medical Lighting Technologies market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Medical Lighting Technologies market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Report Highlights:
The report conducts a comparative assessment of the leading market players participating in the global Medical Lighting Technologies market.
The report marks the notable developments that have recently taken place in the Medical Lighting Technologies industry
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
The global Beacon Technology market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, partnerships, collaborations, joint ventures, and new product launches to gain robust footing in the market and expand their product portfolio.
The report considers the following timeline for market estimations:
Historical Years: 2017 – 2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020 – 2027
In September 2020, Stratasys, a leading market player, made an announcement about the signing of a technical collaborative agreement with Team Penske, a motorsport outfit firm.
In the medical sector, Medical Lighting Technologies are used to make implants, scaffolds, surgical instruments, and prosthetics. The growing demand for advanced medical products and prosthetics are propelling the demand for the market.
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