SEGMENT OUTLOOK:

The global examination lights market is segmented based on Type and End User.

 

By Type

     Based on type, the examination lights market is segmented into halogen and LED category. In 2021, the segment for LED segment dominated the market with revenue of xx%. During the forecast period, the use of LED lights among healthcare professionals is expected to increase due to a few advantages provided by them, including long-term cost reduction, adequate intensity, quality, and quantity of illumination for deep cavities.

Furthermore, it is anticipated that during the forecast period, demand for LED lights will increase due to government-imposed bans on halogen lights in European nations, Australia, Brazil, and Argentina as well as the phase-out of these lights in other regions and countries.

 

By End User

     Based on end user, the examination lights market is segmented into hospitals, clinics and other. In 2021, clinical segment dominated the market with xx% of revenue. The demand for examination lights from these healthcare settings is rising due to the exponentially growing number of clinics, including dental, gynaecology, and orthopaedic clinics worldwide. For instance, a study by ScienceDirect found that from 2018 to 2019, the number of urgent care centres in the United States increased by xx %.

On the other hand, a rise in hospitals and outpatient visits around the globe is driving up demand for these kinds of lights. The adoption of these devices in hospitals is being fuelled by this as well as the rising investment by public and private players to introduce advanced lights.

 

By Regional Outlook:

On the basis of geography, the examination lights market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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In 2021, Europe region dominated the market and represented a revenue share of more than xx %. The demand for these lights among the healthcare settings in the area is being driven by the rising prevalence of dermatological disorders, dental disorders, and other chronic conditions combined with the higher percentage of the patient population undergoing diagnostic examinations. This is expected to favour the region's dominance over the forecast period, along with the presence of improved healthcare infrastructure.

The market in North America is stimulated by increased emphasis on early diagnosis by national and regional government agencies, as well as increased public awareness of the prevalence of disease conditions. This has significantly increased the number of tests and diagnostic procedures carried out annually in the area. The market in Asia Pacific, on the other hand, is expected to grow at the highest CAGR.  Increasing market entrants in developing countries, a high volume of diagnostic examination procedures, and an increase in the number of healthcare facilities are some of the main causes of this region's rapid developments.

 

By Key Competitors and Market Share Analysis:

As a result, leading firms are focused on maintaining long-term operations and developing manufacturing and distribution capabilities to increase their market position.

The competition among the players is based on numerous parameters including quality, innovation, product offerings, price and, corporate reputation.

 

Recent Developments:

Ø  In December 2020 SIMEON was able to install several examination lights of the Sim.LED 250 series together with the latest member of the SIMEON dealer family, MedTech Sales from Papua New Guinea.

Ø  Herbert Waldmann GmbH & Co. KG, introduced Derungs-brand

Triango100 minor surgery/examination light. The system combines latest light

technology with high ergonomic standards, a special arm providing high precise positioning and specialized for various applications.

 

The following are some of the major market players operating across the globe:

·      S.I.M.E.O.N. Medical GmbH & Co. KG

·      Hill-Rom Services, Inc. 

·      SKYTRON, LLC

·      Stryker Technomed India 

·      Getinge AB Herbert Waldmann GmbH & Co. KG

·      Teleflex Incorporated Drägerwerk AG & Co. KGaA