The Business Research Company’s Medical Lighting Technologies Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Medical Lighting Technologies Global Market Report 2023 evaluates medical lighting technologies market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global medical lighting technologies market size is expected to grow from $2.94 billion in 2022 to $3.19 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global medical lighting technologies is expected to grow to $4.31 billion in 2027 at a CAGR of 7.8%.
The increase in demand for better healthcare facilities is expected to propel the growth of the medical lighting technologies market going forward. Healthcare facilities refer to residential care institutions, nursing facilities, intermediate care facilities for people with mental illnesses, or intermediate care facilities for people with mental retardation. Lighting is critical in the healthcare setting since it is used in ICUs, operating rooms, and other critical places. High-quality lighting is required to offer a secure and comfortable atmosphere for patients, hospital personnel, and visitors. For instance, in May 2022, according to an article published by the American Medical Association, a US-based professional association, and lobbying group of physicians and medical students, in 2020, healthcare spending in the United States is expected to rise by 9.7% to $4.1 trillion, or $12,530 per person. This pace of growth is significantly higher than that of 2019 (4.3%). Therefore, increasing demand for better healthcare facilities is driving the growth of the medical lighting technologies market.
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The medical lighting technologies market segments in the report are:
1) By Product: Surgical Lamps, Examination lights, Speciality lights, Accessories
2) By Technology: LED, Halogen, Incandescent, Other Technologies
3) By End-User: Hospitals, Outpatient Facilities, Dental Hospitals, Other End-User
The table of contents in TBRC’s medical lighting technologies market report includes:
- Executive Summary
- Medical Lighting Technologies Market Characteristics
- Medical Lighting Technologies Market Trends And Strategies
- Medical Lighting Technologies Market – Macro Economic Scenario
- Medical Lighting Technologies Market Segmentation
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- Africa Medical Lighting Technologies Market
- Medical Lighting Technologies Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Medical Lighting Technologies Market
- Medical Lighting Technologies Market Future Outlook and Potential Analysis
- Appendix
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