April 21, 2021

MEDICAL DEVICES WORLD

Equipments | Clinical Surgery | Medi-Devices | Innovation & Discovery | Pharmaceuticals | Diagnosis |

India Surgical Lights Market to grow at a Significant Rate During the Forecast Period – TechSci Research

3 min read

According to TechSci Research report, India Surgical Lights Market By By Type (Operating Lights Vs Examination Lights), By Technology (Light Emitting Diode (LED), Halogen Lights), By Application (ENT Surgery, Gynaecological Surgery, Cardiac Surgery, Neurosurgery, Others), By End-User (Hospitals, Ambulatory Surgical Centers (ASCs), Speciality Clinics), By Company, By Region, Forecast & Opportunities, FY2026, the India surgical lights market is expected to grow at a significant rate during the forecast period. Mounting acceptance of advanced LED surgical lights is projected to act as major market driven factor. Moreover, rising product demand for healthcare facilities such as surgeries and invasive procedures is further expected to fuel the market growth through FY2026. Furthermore, rise in regulatory approvals for operating room equipment is estimated to boost India surgical lights market growth. Increased public and private funding along with favorable government policies including exemptions from taxes and duties for imported medical systems and drugs is further expected to drive the market growth during the forecast period. However, high installation cost of the product can restrict the market growth over the next few years. Moreover, lack of awareness about the new installations in the country can further hinder the market growth during the forecast period.

The India surgical lights market is segmented based on type, technology, application, end user, company, and region. Based on application, the market can be fragmented into ENT surgery, gynecological surgery, cardiac surgery, neurosurgery, others. The cardiac surgery segment is expected to dominate the market in the forthcoming years on account of increase in incidence of cardiovascular disorders across the country. Besides, gynecological surgery segment is projected to witness high growing CAGR during the forecast years. This high growth is accredited to upsurge in the number of childbirths by C-section. In addition to this, rising gynecologic surgeries owing to high prevalence of female reproductive system disorders, is further contributing to the growing trend. Based on end user, the market can be categorized into hospitals, ambulatory surgical centers, specialty clinics. Among these, the hospitals segment is projected to hold the largest market share over the forecast period owing to increasing number of well-equipped hospitals. Besides, rising demand for advanced and hybrid ORs coupled with continuous investments in infrastructure for better treatment, is forecasted to boost the segmental growth in the next 5 years.

Technomed India Pvt. Ltd., Hill-Rom India Pvt. Ltd., Getinge India Pvt. Ltd., Integra Life Sciences Pvt. Ltd., Medinnova Systems Pvt. Ltd., Steris India Pvt. Ltd., Stryker India Pvt. Ltd., Cognate India Pvt. Ltd., Skynex India Pvt. Ltd. (Skynexxotlight), United Surgical Industries and others are some of the leading players operating in India surgical lights market. Companies operating in the market are using organic strategies such as product launches, mergers and acquisitions and research collaborations to boost their share and increase their geographic reach.

 “India surgical lights market is expected to witness steady growth during the forecast period on account of rapid technological advancements in the surgical lights. Along with this, increased focus on offering better patient care across different healthcare facilities is further forecasted to bode well for the growth of surgical lights market in the country. Moreover, high prevalence of lifestyle diseases is further expected to create lucrative opportunities for the market growth of India Surgical Lights market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consulting firm.

According to TechSci Research reportIndia Surgical Lights Market By Type (Operating Lights Vs Examination Lights), By Technology (Light Emitting Diode (LED), Halogen Lights), By Application (ENT Surgery, Gynaecological Surgery, Cardiac Surgery, Neurosurgery, Others), By End-User (Hospitals, Ambulatory Surgical Centers (ASCs), Speciality Clinics), By Company, By Region, Forecast & Opportunities, FY2026”, has evaluated the future growth potential of India surgical lights market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India surgical lights market.

Leave a Reply

Your email address will not be published. Required fields are marked *