Market Overview:

According to a new report by IMIR Market Research on Global Market for Surgical Lights was valued at approximately USD 2.19 Billion in 2023. Over the course of the forecast period (2024–2031), the market is expected to develop at a compound annual growth rate (CAGR) of 4.13%, reaching a value of USD 3.07 Billion by 2031.

The need for surgical lighting is predicted to increase due to an increase in the number of operating room equipment regulatory approvals and an increased emphasis on providing improved patient care across all healthcare facilities. The market for surgical lights is expected to increase further due to factors such increasing product availability, surgeons' and healthcare professionals' high need for well-equipped operating rooms, and the accessibility of healthcare facilities, particularly in emerging nations.

The surgical light market is increasing at a CAGR driven by the speed at which technology is developing. The development of this industry has been significantly aided by technological developments in these devices. Working lights are in high demand because of the switch from halogen to LED (Light Emitting Diode) technology. To provide the market with state-of-the-art working lights, a number of industry participants continuously concentrate on R&D. Over the projected time, it is anticipated that the global surgical lights market would grow due to the overall cost advantages associated with LED lights and their increased efficiency during surgical operations.

The cost advantages of LED lights and their greater efficiency during surgical procedures are expected to fuel the growth of the global surgical lights market over the forecast period. Due to the increased demand for high-tech medical facilities in developing countries, private companies are more frequently entering these markets directly or through public-private partnerships (PPPs). Global need for additional healthcare facilities is being driven by a number of causes, including longer wait times for patients, unmet medical demand, and rising indirect healthcare costs.

In addition, government initiatives in China and India to provide better healthcare, financial aid to groups investing in hospitals, and rising capital expenditures across a range of healthcare establishments are some of the key drivers propelling the market expansion. The cost of installing sophisticated LED lights and people's ignorance of the new installations, however, may impede the market's expansion.

The significant financial commitments made by governments, particularly those in emerging nations, promote the expansion of healthcare institutions. Public-private partnerships have been developed by nations like Brazil and China, whose public healthcare systems are finding it difficult to handle the influx of patients, in an effort to relieve some of the burden. Due to there are more operating rooms available in hospitals, there will likely be a greater need for this kind of technology in operating rooms.

Market Drivers:

Significant Rise in Medical Procedures

• Surgical lights are mostly utilized in operating rooms and hospitals, where the majority of surgeries are carried out. Surgical procedures related to the heart, brain, and orthopedics are becoming more prevalent. For example, in North America in 2018, 377,763 cardiovascular procedures were performed. Additionally, the global aging population has led to an increase in surgical procedures, which has aided in market expansion. Thus, the number of surgical procedures has an impact on the growth of the surgical lights market.

Advancements in Technology for Surgical Lighting

• Surgical lights have seen constant technological developments in the last few years. The transition from halogen to LED lighting is a major driver of this business. The market has seen a noticeable increase in demand for operating lights as a result of the switch from halogen to LED (Light Emitting Diode) technology. Many companies in the market constantly prioritize research and development to provide cutting-edge working lighting. For instance, in 2021 BihlerMed, a top supplier of technology and equipment for medical illumination, collaborated with View Medical to launch the ground-breaking SurgiLight surgical lighting system. More precise and flexible light source positioning is made possible by the device's ergonomic and flexible shaft, which locks into place after adjusting.
• The transition from halogen to LED technology is also gathering pace, especially in developing nations like China, India, and Brazil, where medical facilities are focusing on swapping out their halogen lights with LED ones. Over the course of the projection period, the market is anticipated to grow as a result of the overall cost advantages of LED lights and their greater efficiency during surgical procedures. In many operating rooms across the world, LED technology has advanced to the point where it is now considered essential to daily life. In addition, LED lights have a number of benefits such as lower energy consumption, less heat generation, longer bulb life, and several dimming choices. These factors ought to quicken market growth in the near future.

Market Trends:

Adoption of LED Technology

• Light Emitting Diode (LED) technology is being widely used in surgical lighting systems, which is driving the surgical lights market. LED lights are more energy-efficient, have a longer lifespan, operate at lower temperatures, produce higher light quality, and emit less heat than both conventional incandescent and halogen lights.   Because of their dependability, durability, and capacity to offer bright, shadow-free illumination of the surgical field, LED surgical lights are becoming more and more popular among surgeons and medical facilities. LED lights may be adjusted for color temperature and intensity, giving surgeons the flexibility to tailor lighting to specific procedures and patient demands. The surgical light industry's shift to LED technology is a reflection of its emphasis on optimizing surgical results, cutting energy costs, and raising patient comfort and safety.

Integration of Advanced Features for Surgical Precision and Efficiency

• The integration of cutting-edge features and capabilities targeted at improving surgical accuracy, efficiency, and ergonomics is known as the surgical lights market. Modern surgical lights are equipped with cutting-edge technologies that improve visibility of anatomical components and critical surgical areas. These technologies include adjustable focus, shadows reduction, and high-definition lighting. Furthermore, for better procedural records, training, and communication, integrated cameras, tablet controls, and video recording capabilities are potential improvements to surgical illumination. Additionally, the incorporation of ergonomic design features such lightweight design, adaptable positioning options, and user-friendly interfaces enhances surgeon comfort, lowers fatigue, and improves overall procedural efficiency. The need for surgical lights with cutting-edge features that enable optimal surgical efficiency and workflow integration is anticipated to rise as surgical procedures become more intricate and demanding, propelling market creativity and growth in the surgical lights market.

Market Restraining Factors:​

High Price of LED Lighting

• The surgical lighting market is severely limited by the high cost of LED lights. Even though LED lights have several benefits, such as improved visibility, a longer lifespan, and energy economy, many healthcare facilities are still put off by the initial installation and upkeep costs. The higher initial cost of LED surgical lighting may provide financial challenges, particularly for smaller clinics and institutions with more limited funding. Consequently, these establishments may choose for conventional lighting solutions or continue to utilize antiquated technology, which hinders the widespread adoption of LED surgical lights and curtails their prospective benefits concerning enhanced surgical accuracy and patient security.

Segmentation Analysis:

The market is divided into segments based on By Type, By Applications, By End-User.

By Type

Based on the Product Type of the market is Categorised into Halogen, LED Lights.

The global market is dominated by the halogen sector, which is expected to grow at a compound annual growth rate (CAGR) of 3.81% during the forecast period. Due to their widespread use and low cost of production, halogen lights dominated the market. The ordinary incandescent light bulbs found in most household’s function similarly to halogen lamps. Within a quartz encasement containing halogen gas is a tungsten filament. The filament glows as soon as electricity is supplied to it. The light becomes brighter and changes from yellow to white in color when additional electricity is added. The human eye can perceive objects more clearly the lighter they receive.

In hospitals as well as ambulatory settings, halogen bulbs are frequently used since they are less expensive than LED lights. The halogen bulb's long history of usage in surgical lights, brightness, affordability, and simplicity of disposal are the primary drivers driving the market's expansion. As an example, one of the top producers of surgical halogen lights is Philips. The growth of the halogen market is partly due to the expansion of hospitals and ambulatory care centers in emerging countries.

By End-User

Based on the End-User of the market is Segmented into Hospitals, Ambulatory Surgery Centres, Procedure Rooms, Others.

The market's largest contributor, the hospital segment, is expected to grow at a compound annual growth rate (CAGR) of 4.2% during the projected period. The growing number of hospitals in developing countries and the growing use of contemporary LED surgical lights are the main factors propelling the surgical light market's rise. It is projected that the hospital operations rooms category would have the largest market share due to the global increase in the number of contemporary hospitals. In 2020, the India Brand Equity Foundation (IBEF) revealed data showing that over 40% of India's tier-1 hospitals were in 2018. It is projected that this figure will increase as a result of both public and private funding, advantageous government policies, and the upcoming implementation of hospital rates that are subsidized and exemptions from taxes and customs on imported medical equipment and medications.

Regional Snapshots:

By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. North America is expected to grow at a compound annual growth rate (CAGR) of 3.8% during the forecast period, making it the largest global shareholder in the surgical lighting market. The North American market is growing overall, and one of the reasons for this is the incidence of disorders, such as gynecological and heart problems. Technological advancements and proven expertise in particular treatments for illnesses like cancer and neurological issues are the main draws in this field. According to this, the primary factor attracting the largest number of medical tourists to North America is their impression of the exceptional caliber of medical treatment offered here, especially in the United States. In addition, North America dominates the global market for medical services and state-of-the-art technology. It's a common misconception that North America provides better healthcare than other parts of the world.

Europe is predicted to grow at a CAGR of 4.5% during the course of the projection. Due to established healthcare systems, growing government attention on building out healthcare infrastructure, & rising healthcare spending, it is predicted to rise gradually over the projected period. A large number of patients seeking heart bypass surgery, valve replacements, brain and spinal surgeries, and other specialized medical treatments are drawn to European nations like France and Germany because they provide state-of-the-art medical care. Europe is also well known for its strict regulation of medical practices. The approval process for any gadget is a laborious and rigorous process. In Europe, specialized services are far less expensive than in North America. The region is among the most advanced in terms of healthcare research.

List of Companies Profiled:

• A-dec Inc.
• BihlerMED
• CV Medical
• Getinge AB
• Herbert Waldmann GmbH & Co. KG
• Hill-Rom Services Inc.
• Integra LifeSciences Corporation
• KONINKLIJKE PHILIPS NV
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Skytron, LLC
• STERIS plc
• Stryker
• Sunnex Group
• Technomed India

Key Industry Developments:

• In January 2023, Activ Surgical, a leader in digital surgery, has finished its first AI-enabled case using its ActivSightTM Intelligent Light (ActiveSight) solution, which seeks to enhance visibility and provide surgical insights in real-time, on-demand, in the operating room. The flexible ActivSight module interacts with common displays and is easily adapted to fit modern robotic & laparoscopic systems.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Surgical Lights Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Surgical Lights Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Surgical Lights Market valued?
• Which region has the largest share in 2024 for the global Surgical Lights Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Surgical Lights Market:

• Historic year: 2018-2022
• Base year: 2023
• Forecast: 2024 to 2031
• Representation of Market revenue in USD Million

Surgical Lights Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: