Persistence Market Research announces the release of a new research report titled “Global Market Study on Surgical Lamps: Asia to Witness Highest Growth by 2020”. According to the report, the global surgical lamps market is projected to grow from US$554.9 mn in 2014 to US$728.9 mn in 2020, registering a 4.60% CAGR during that period.
Surgical lamp is a medical device which provides optimal illumination during surgical procedures such as neurosurgery, dental surgery, endoscopic surgery, and optical surgery. These devices provide optimally bright and shadow-free high-intensity light that is perfect for the visualization of small and low-contrast objects within the body cavity during surgeries. Surgical lamps are used in operating rooms of hospitals and ambulatory surgery centers (ASCs).
Globally, the surgical lamps market is witnessing significant growth due to innovations, along with technological advancements and rise in number of surgery centers. Moreover, increasing demand for better healthcare facilities and rise in number of surgeries are also driving the market. However, complications associated with CFLs, high costs of CFL and LED lamps, and economic slowdown in some regions, such as Europe and Africa, inhibit the growth of the market.
The global surgical lamps market is anticipated to grow from an estimated USD 5,54,938.8 thousand in 2014 to USD 7,28,915.2 thousand by 2020 at a CAGR of 4.6% during the forecast period.
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North America is the largest region and Asia represents the fastest-growing region in the surgical lamps market. LED represents the largest and fastest-growing technology in surgical lamps market. High color rendering index (CRI) light lamps account for the largest segment, while vein light lamps are the fastest-growing light lamps segment in the market.
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The North American surgical lamps market is anticipated to grow from an estimated USD 2,34,241 thousand in 2014 to USD 3,10,125.8 thousand by 2020 at a CAGR of 4.8% during the forecast period.
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