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Surgical lamps market holds immense business potential for LED players

Surgical LED lamps market holds immense business potential

By BizLED Bureau

Jan 19, 2017: LED is the fastest and hence the largest growing technology in surgical lamps market. While North America is the largest surgical lamps market, Asia is the fastest growing surgical lamps market.

Growth rate

According to a new market report by Persistence Market Research?Global Market Study on Surgical Lamps: Asia to Witness Highest Growth by 2020, the global surgical lamps market was worth US$ 554.94 million in 2014 and is predicted to grow at a CAGR of 4.6% from 2014 to 2020, and in 2020, it will touch US$ 728.92.

Applications

Surgical lamps are usually used in operation theatre of hospitals and ambulatory surgery centers (ASCs). Surgical lamps are required for optimal illumination during surgical procedures like dental surgery, neurosurgery, optical surgery, and endoscopic surgery. In this domain, high color rendering index (CRI) light lamps are sold the most, followed by vein light lamps.

Surgical LED lamps provide bright and shadow free light that is perfect for surgical and other medical purposes.

Factors that fuel growth

The global surgical lamps market is growing significantly due to various reasons like innovations, technological advancements, opening of more surgery centers, rising demand for good healthcare facilities. Moreover, cost-saving LED surgical light lamps are also enhancing the growth of the market.

In Europe, the surgical lamps market is growing because of the various government initiatives to promote the usage of energy-efficient LED surgical lamps.

Asia is the fastest growing surgical lamps market because of the increasing number of surgeries taking place in countries like China, Japan, and South-East Asian countries.

The demand for energy-efficient and cost-effective LED lamps has also driven the growth of this market in Asia.

Leading players

Philips, Stryker Corporation, Skytron, LLC, etc, are some of the leading players in the surgical lamps market. Other major players in this market are Integra LifeSciences Corporation, KLS Martin Group, A-dec, Inc., STERIS Corporation, Herbert Waldmann GmbH & Co. KG, Welch Allyn, DRE Inc, etc.

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