What Transformation Has the Medical Lighting Technologies Market Undergone?
The medical lighting technologies market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size of medical lighting technologies has experienced robust growth. Its expected to rise from $3.37 billion in 2024 to $3.63 billion in 2025, registering a compound annual growth rate (CAGR) of 7.7%. The growth in this historical period can be attributed to factors such as the expansion of healthcare infrastructure, improvement in surgical procedures, increase in minimally invasive surgeries, emphasis on patient comfort, demand for energy-efficient solutions, and the rise in global healthcare spending.
What are the Market Size and Expected Growth Rates for the Medical Lighting Technologies Market in the Coming Years?
The Medical Lighting Technologies market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of medical lighting technologies is projected to experience significant expansion in the coming years, increasing to $5.1 billion in 2029 with a compound annual growth rate (CAGR) of 8.9%.
The surge during the forecast period can be credited to factors such as the transition towards human-centric lighting, advances in color rendering, the prevalence of remote and telemedicine trends, commitment to environmental sustainability, and the improvement of operating room lighting. Key forecast period trends include the dominance of LED technology, surgical lighting advancements, the incorporation of intelligent lighting solutions, UV-C disinfection lighting, partnerships for technological incorporation, and lighting solutions for telemedicine and video conferencing.
Which Key Drivers Are Propelling The Medical Lighting Technologies Market's Growth?
The escalating need for superior healthcare amenities is predicted to drive the expansion of the medical lighting technologies market. Healthcare facilities encompass residential care establishments, nursing homes, medium-level facilities for individuals with psychological disorders, or intermediate centers for persons with intellectual disabilities. In healthcare environments, lighting is pivotal as it is essential in intensive care units, surgery rooms, and other crucial spaces. Optimum lighting is necessary to provide a safe and comforting environment for not only patients but also hospital staff and visitors. For example, in the month of December 2022, the Ministry of Health and Family Welfare, a department of the Indian government, reported that India had about 150,000 Ayushman Bharat Health and Wellness Centers (AB-HWCs) by the same month. Consequently, the rising demand for enhanced healthcare facilities is propelling growth in the medical lighting technologies market.
What Are The Key Segments Within The Global Medical Lighting Technologies Market?
The medical lighting technologies market covered in this report is segmented –
1) By Product: Surgical Lamps, Examination lights, Specialty lights, Accessories
2) By Technology: LED, Halogen, Incandescent, Other Technologies
3) By End-User: Hospitals, Outpatient Facilities, Dental Hospitals, Other End-User
Subsegments:
1) By Surgical Lamps: LED Surgical Lamps, Halogen Surgical Lamps, Mobile Surgical Lamps, Fixed Surgical Lamps
2) By Examination Lights: LED Examination Lights, Portable Examination Lights, Wall-Mounted Examination Lights, Ceiling-Mounted Examination Lights
3) By Specialty Lights: Dental Operating Lights, Dermatology Lights, Endoscopy Lights, ENT Examination Lights
4) By Accessories: Light Control Systems, Light Mounting Systems, Replacement Bulbs, Diffusers And Filters
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How Are New Trends Impacting The Size Of The Medical Lighting Technologies Market?
The rise of technological innovations is a prime trend blossoming in the medical lighting technologies industry. Core companies within this sector are keen to create innovative technological solutions for a competitive advantage. For instance, Getinge, a medical organization from Swen, unveiled advanced operating room tables and surgical lights tailored for India's medtech industry in August 2024. These innovations not only improve the surgical settings but also enhance patient care. The introduced Maquet PowerLED II provides true-color, shadow-free illumination, a critical feature for accurate surgical operations. Furthermore, it also has a Comfort Light function that minimizes visual fatigue and glare, thereby offering a more conducive work environment for surgeons.
Who Are the Key Players In The Medical Lighting Technologies Market?
Major companies operating in the medical lighting technologies market include:
• A-Dec Inc.
• Brandon Medical Company Limited
• Burton Medical LLC
• Daray Limited
• Draegerwerk AG & Co KGaA
• Eaton Corporation PLC
• Excelitas Technologies Corporation
• GE HealthCare Technologies Ltd.
• Getinge AB
• Integra Lifesciences Holdings Corporation
• KLS Martin SE & Co.
• Merivaara Corporation
• Steris PLC
• Stryker Corporation
• Trilux GmbH & Co KG
• Welch Allyn Inc.
• Johnson & Johnson Services Inc.
• 3M Company
• B. Braun Melsungen AG
• Hill-Rom Holdings Inc.
• Hospedia Medicare Pvt. Ltd.
• Acuity Brands Lighting
• Inc.
• Kenall
• Aleddra
• Inc.
• Clear-Vu Lighting
• Waldmann Lighting
• Visa Lighting
• Lumitex
• TLV Healthcare
• New Star Lighting
What Are The Regional Insights Into The Medical Lighting Technologies Market?
North America was the largest region in the medical lighting technologies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical lighting technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
