How Surgical Lights market Became a Highly Profitable Industry: Revenue Analysis and Industry Forecast, 2020-2026
Pune, Maharashtra, India, September 11 2020 (Wiredrelease) Allied Analytics –:Global Surgical lights market size is expected to reach $3,838 million by 2026, registering a CAGR of 4.5% from 2019 to 2026, in terms of value.
Surgical lights are used to provide optimum required lighting in surgical suites. These lights irradiate the surgical site for ideal visualization of small, low-contrast objects at variable depths in incisions and body cavities. Further, these lights are designed to operate for prolonged periods deprived of radiating excessive heat. Conventional lamps used as surgical lights are typically gas-filled luminous lamps comprehending a certain proportion of halogen in an inert gas with a pressure beyond 3 atmospheres (atm). Few gas-discharge xenon-halogen lamps release light by transient electric current through gas. In addition, LED surgical lights consist of pods or modules, which are essentially small semiconductors that emit a narrow spectrum of light when excited by an electrical circuit.
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The cardiac surgery segment to dominate during the estimated period-
Based on application, the cardiac surgery segment accounted for nearly one-fifth of the global surgical lights market revenue in 2018, and is anticipated to maintain the lion’s share from 2019 to 2026. In addition, the same segment is expected to grow at the fastest CAGR of 5.3% throughout the forecast period.The increased incidence of cardiovascular disorders and surge in surgical procedures for their treatment have fueled the growth of the segment.The market also analyses segments including gynecological surgery, neurosurgery, and ENT surgery.
North America to maintain its top status in terms of revenue-
Based on geography, North America held the major share in 2018, garnering more than one-third of the global surgical lights market, owing to rise in prevalence of disorders such as cardiac diseases and gynecological diseases, among others. At the same time, the Asia-Pacific region would register the fastest CAGR of 5.3% during the study period. This is due surge in demand for healthcare infrastructure, rise in number of hospitals in emerging countries, increase in healthcare reforms, and increase in technological advancements in the field of healthcare.
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Leading players in the market-
CV MedicalGetinge ABA-dec IncHerbert Waldmann GmbH & CoHill-Rom ServicesBihlerMEDS.I.M.E.O.NMedical GmbH & Co. KGSteris plcSkytron
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