SURGICAL LIGHTING SYSTEM MARKET

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2. SURGICAL LIGHTING SYSTEM MARKET Surgical lighting system is an integral component during surgeries to provide illumination that assists the surgeons to view surgical site. There are several types of surgical lights available in the market such as ceiling mounted, mobile surgical lights, surgical headlights, and wall mounted surgical lights. Light source plays an important role in surgical lighting systems for proper illuminations. Manufacturers are engaged in developing efficient surgical light sources. For instance, in February 2016, Excelitas Technologies Corp., a global technology provider focused on delivering innovative, customized photonic solutions, launched its new XLMii LED Fiber Optic Light Source for medical applications. The new XLMii Fiber Optic LED Light Source offers high output and high color rendering index (cri) for endoscopy, surgical microscopy, and surgical headlamps. The global surgical lighting system market size was valued at US$ 394.1 million in 2017, and is expected to witness a CAGR of 4.4% during the forecast period (2018 – 2026). .

3. Figure 1. Global Surgical lighting system market value Analysis (US$ Mn) and Y-O-Y Growth (%) Source: Coherent Market Insights Analysis (2018)

4. Increasing number of product launches is contributing growth of the surgical lighting system market New product launches with advanced technology by key players is a major driver for growth of the surgical lighting systems market. For instance, in July 2017, Merivaara, provider of wide range of high-quality equipment and solutions, launched new surgical light, Merivaara Q-Flow to improve working environment in operating theatres and reduce risk of infection. Merivaara Q-Flow offers color rendering, particularly in red and skin shades, that helps the surgeons to perform surgeries such as internal or plastic surgery with precision. Furthermore, in June 2013, Maquet Medical Systems USA, received U.S. Food and Drug Administration (FDA) 510(k) clearance for Volista Surgical Lighting System. With Volista product range, the company offers product line that combines lighting, suspension, and multimedia equipment in surgical theater. Volista product range is comprised of VOLISTA Access and VOLISTA StandOP.

5. Surgical Lighting System Market- Regional Analysis Regional segmentation of the global surgical lighting system market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America surgical lighting system market is expected to account for the largest market share, owing to presence of key players such as Stryker, Maquet, Steris, and Skytron in this region. For instance, in April 2014, Stryker Corporation acquired Berchtold Holding, for US$ 172 million. With this acquisition, Stryker strengthened its portfolio and broaden its hospital product offerings including surgical tables, equipment booms, and surgical lighting systems. Europe is also expected to show significant growth rate for surgical lighting systems market, owing to number of new launches of surgical lighting systems in the region. For instance, in May 2017, Merivaara entered into partnership with Bender UK, to supply its Q?Flow LED surgical lights in UK.

6. Figure 2: Global Surgical lighting System Market Value (US$ Mn), By Region Source: Coherent Market Insights Analysis (2018)

7. Surgical Lighting System Market - Competitive Landscape Key players operating in the surgical lighting system market include STERIS plc., DRE Veterinaryl, Integra LifeSciences, Torontech Inc., Getinge AB, SKYTRON, Meditech, EMA-LED GmbH, NUVO, Trumpf Medical, Symmetry Surgical, S.I.M.E.O.N. Medical GmbH & Co. KG, Amico Group of Companies, MAQUET Holding B.V. & Co. KG, and Drägerwerk AG & Co. KGaA

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