A surgical light is a clinical device intended to facilitate medical personnel while performing a surgical procedure. Surgical performance in the operating room is upheld by effective brightening, which mitigates the inherent ecological, operational, and visual difficulties related to a medical procedure. Three basic segments are fundamental to improve surgical light as illumination: fixating on the specialist's immediate field, enlightening a wide or thin field with extreme focus light, and entering into a cavity or under a fold. Moreover, ideal surgical light utilization diminishes shadow, glare, and relic in the representation of the surgical site. Different types of surgical lights are available for different procedures with varied brightness ranges. The inclining trend observed in the number of hospitals, aging population, and prevalence of chronic diseases is some of the factors driving the growth of the surgical lights market. Developing healthcare infrastructure and technological advancement in the field is further augmenting the market growth.
Inclining Number of Hospitals to Augment Market Growth
Across the globe, the number of hospitals and emergency clinics is on the ascent, however, this expansion is especially critical in developing economies like China and India. As per Indian National Investment Promotion & Facilitation Agency, the Indian hospital industry, accounting for 80% of the total healthcare market, is witnessing a significant investor demand from both global as well as Indian investors. As per IPFA, the hospital industry growing at a CAGR of 16-17%, is expected to reach US$132 billion by 2023 from US$ 61.8 billion in 2017. The sharp ascent in the number of medical facilities in these countries can fundamentally be credited to the quickly developing population and expanding medical services consumption in these nations. This expanding number of hospitals in the developing economies will therefore prompt an increment in the number of medical clinic wards and operation theaters, which thus will propel the demand for surgical lights.
Rise In Demand Due to Expanding Surgical Procedures
The expanding number of cardiovascular, neurological, and dental surgeries are noticeably answerable for the utilization of lights for a more drawn-out length, which is prompting a nearly quicker substitution of these lights in operating rooms. The existing pattern of a surgical light is estimated in hours. Progressed LED lights offer an existing pattern of an expected 40,000 hours to 60,000 hours. This is projected to fuel the interest in new products and further lift the development of the surgical lights market during the forecast period. Likewise, the significant expanding inclination in the predominance of chronic conditions, combined with rising per capita healthcare expenditure, is expected to augment the number of surgeries, bringing about the development of the market. The International Agency for Research on Cancer estimates that there were nearly 19.3 million new cancer cases in 2020, globally. As per the report on global health expenditure released by the World Health Organization (WHO) on February 20, 2019, global expenditure on health has risen in low and middle-income countries by 6 percent and in high-income countries by 4 percent.
Emerging Partnerships in the Healthcare Sector to Provide Opportunities for the Market
Moreover, an increasing number of collaborations and partnerships in the sector for developing the global healthcare state are further driving the opportunities in the market boosting the market size of surgical lights. At the Medical Research Agency in Poland, the Warsaw Health Innovation Hub (WHIH) has been launched by the Polish Prime Minister, Mateusz Morawiecki in June 2021. The joint initiative between the Medical Research Agency, EIT Health, and key market players – AstraZeneca, Microsoft, Polpharma, Roche - was announced as the first initiative of this type in Central Europe, where the public and private sector work together to discover innovative clinical, technological and legal solutions to improve patient health and raise the efficiency of the health care system in Poland.
Technological Advancements to Drive the Market Growth
Technological advancement in surgical lights has been a pillar factor for development in this market internationally. The technological shift from halogen lights to LED (Light Emitting Diode) innovation has assumed a significant part in energizing the interest for these devices in the surgical lights market. A few market players are continually zeroing in on R&D to offer progressed surgical lights on the lookout. For example, in 2019, BihlerMed, a key supplier of clinical illumination innovation and gadgets, presented the imaginative SurgiLight careful lighting framework by joining forces with View Medical. The product offers an ergonomic adaptable shaft that stays fixed set up once changed, allowing for more spry and exact situating of the light source. The steady shift of innovation from halogen to LED is acquiring pace particularly in developing nations like China, India, and Brazil, where medical service facilities are presently focusing on the supplanting of halogen lights with LED lights. The overall cost-saving advantages joined with improved effectiveness during the surgery offered by LED lights, are augmenting the development of the worldwide surgical lights market during the conjecture time frame.
Heat Emission Poses a Hindrance to Market Growth
Despite the gigantic innovative headways in surgical lights, it has certain hindrances, which are probably going to hamper the market development. Heat is emitted from the light source as infra-red that is unsafe to any individual that comes in contact with radiation. This is expected to offer a hazardous workspace for the patient as well as the entire operating group, just as the surgeon. Besides, it is probably going to impede the activity by influencing the injured tissue to dry out, especially during longer methodology. This may likewise prompt burns to the patient, just as staff during direct exposure. Some light sources, for example, halogen lighting, are incapably inferable from the measure of energy devoured which prompts heat. As reported by US National Center for Biotechnology Information, patient burns are caused because of contact with fiber optic cables and/or light overexposure. Fiber optic cables are vulnerable to reaching dangerously high temperatures, recording as high as 437°F within 10 minutes, and can result in a burn injury within seconds. The ECRI Institute reports that 550 to 600 surgical fires occur annually. Accordingly, all the previously mentioned factors are expected to ruin the market development.
North America to Dominate the Market and High Growth Rate Expected in the Asia Pacific
Regionally, North America dominated the surgical lights market in 2019 and is expected to retain the largest share during the forecast attributable to the rising number of surgical techniques and expanding use of LED surgical lights in surgical centers. The inclining rate of success of the regional market is also predicted to increase due to the presence of key market players. However, the Asia Pacific region is expected to witness the highest growth rate owing to the plunge in demand for healthcare facilities, increase in the number of hospitals in developing countries, incline in healthcare reforms, and rise in medical technological advancements in the region.