Rapid Replacement of Halogen Lights by LED Variants Driving Market for Medical Lighting Technologies: Fact.MR Analysis – Yahoo Finance
FACT.MR
Key players in the medical lighting technologies market are investing in R&D to produce advanced medical lights. Acquire Fact.MR’s new report to know more.
Rockville, Dec. 26, 2022 (GLOBE NEWSWIRE) — As per this new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global medical lighting technologies market is valued at US$ 8.21 billion in 2023 and is predicted to reach US$ 16.15 billion by 2033.
Medical lighting has the advantage of having multiple arrangements of tiny light sources fixed at various angles to aid in shadow lessening for a more constant surgical light. Surgical experts lean into the region of illumination created by the operation room lights. This helps illuminate the subject’s true colour more precisely than bulb lighting.
The use of LEDs as operation room lights has many benefits over conventional halogen medical lights, including lower electricity consumption, longer life, less heat generation, and lower ultraviolet radiation, which helps reduce the risk of creating dry, exposed tissue. LEDs also have a lower thermal signature than older medical lighting technologies such as gas discharge and halogens.
Due to their higher light output, good colour rendering, and low price, LED lights are widely used. The gradual switchover from halogen to LED-based technologies is gaining traction, especially in developing countries where healthcare facilities are now concentrating on replacing halogen lighting with LED lights.
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As a result of the growing trend of hybrid operating rooms in healthcare facilities and outpatient care facilities, as well as the rising number of surgical procedures and the presence of significant market competitors, the market for medical lighting technologies in North America and Europe is expanding rapidly.
Key Takeaways from Market Study
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Global demand for medical lighting technologies is expected to increase at a CAGR of 7% from 2023 to 2033.
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China’s market is predicted to race ahead at a CAGR of 12% during the projected period.
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Sales of surgical lighting systems are expected to rise at a CAGR of 7.6% during the forecast period.
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Demand for examination lighting systems is predicted to expand at a CAGR of 6.5% during the next 10 years.
“Rapid ongoing technological advancements in medical lighting technologies are boosting the adoption rate of surgical LED lights,” says a Fact.MR analyst.
Segments of Medical Lighting Technologies Industry Research
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By Product :
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Surgical Lighting Systems
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Examination Lighting Systems
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Specialty Lighting & Accessories
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By Technology :
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Fluorescent
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LED
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Incandescent
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Halogen
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By Application :
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Operating Room & Surgical Suites
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Examination Rooms, Intensive Care Units (ICUs)
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By Region :</…….