Surgical Headlight Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027
Surgical Headlight Market Estimated
to Reach USD 79.26 Billion by 2027
Growth of
the healthcare sector over recent years, growing need for enhanced patient
care, favorable healthcare regulatory policies implemented by the government
boost the market growth.
Market
Size – USD 47.50 Billion in 2019, Market Growth - CAGR of 5.7%, Market Trends – The increasing cardiac and neurovascular surgeries worldwide
The global Surgical Headlight Market is expected to be valued at USD
79.26 Billion in 2027 from USD 47.50 Billion in 2019, registering a CAGR of 5.7%
through the forecast period. A
surgical headlight is a portable light source worn by surgeons on their heads
for enhanced illumination during surgical procedures. It is an additional
source of light that can be mounted on the surgical loupes or protective
eyeglass frames or strapped around the head. Surgical headlights offer
shadow-free, stable illumination and are more useful than many other operating
room light sources. Most of these devices run on rechargeable batteries. The
LED surgical headlights are most widely used by surgeons, as the LED bulbs are
longer lasting and more cost-effective than the other types.
Revenue from
the global surgical headlight market is expected to register a significant
growth rate over the projected timeline. The growing incidences of cardiac,
neurological, and dental disorders, the increasing number of surgical
procedures, technological advancements in surgical lighting systems, and a rise
in demand for LED surgical headlights are the most vital parameters inducing
the growth of the global surgical headlight market. The rising focus on
improving surgical procedures’ efficiency and the convenient usage and
portability of surgical headlights are other crucial factors triggering the
global market growth. Besides, the rising emergence of state-of-the-art
healthcare facilities around the world and the surging demand for advanced
operating room infrastructure and equipment further bolster the market growth.
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Key
findings of the report:
· Based on product type, the LED
surgical lamps sub-segment held the largest revenue share of USD 37.05 Billion
in 2018 and is foreseen to register the highest CAGR of 6.1% over the forecast
period. The numerous advantages offered by these lights over CFL and halogen
surgical lamps, such as enhanced illumination, extended life, and higher
cost-efficiency, have propelled their demand significantly, thereby boosting
this segment’s growth.
· The ambulatory surgical centers
end-user sub-segment is projected to retain the largest market share of 16.0%
over the forecast period, registering the fastest 7.2% CAGR. The rising demand
for surgical headlights across ambulatory surgical centers and the growing
number of surgeries conducted at these centers for certain advantages, such as
shorter stay, fuel the growth of this segment.
· The Asia Pacific region is touted as
the leading regional market for surgical headlights. The expanding healthcare
infrastructure across the region, increasing cardiac and dental surgical
procedures, a rise in the geriatric population, and the rising adoption of
technologically upgraded surgical equipment are the major factors boosting the
regional market growth. Hence, this market is poised to record the fastest CAGR
of 6.2% over the forecast timeframe.
· The renowned companies engaged in
this industry include Enova
Illumination, Welch Allyn, BFW, BRYTON, DRE Medical, Stryker, PeriOptix, Inc.,
Daray Medical, Sunoptic Technologies, and Cuda Surgical.
· In January 2020, Enova Illumination,
a leading manufacturer of high-powered surgical headlights, donated around ten
of its Qubit LED surgical headlights to various hospitals across Puerto Rico
following 6.4 and 5.9-magnitude earthquakes that led to a massive power outage
in the island nation.
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For the
purpose of this report, the global surgical headlight market has been segmented
in terms of product type, application, end-user, and region:
Product
Type Outlook (Revenue, USD Billion; 2017-2027)
- CFL surgical lamps
- LED surgical lamps
- Halogen Surgical Lamps
Application
Outlook (Revenue, USD Billion; 2017-2027)
- Neurosurgery
- Cardiac Surgery
- Gynecological Surgery
- ENT Surgery
- Others
End-user Outlook
(Revenue, USD Billion; 2017-2027)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Others
Regional
Outlook (Revenue, USD Billion; 2017-2027)
1. North America
•
U.S.
•
Canada
2. Europe
•
Germany
•
U.K.
•
France
•
BENELUX
•
Rest
of Europe
3. Asia Pacific
•
China
•
Japan
•
South
Korea
•
Rest
of Asia Pacific
4. Latin America
•
Brazil
•
Rest
of Latin America
5. Middle East & Africa
•
Saudi
Arabia
•
U.A.E.
•
Rest
of Middle East & Africa
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