Product Description
Overall, the global surgical light source market was valued at $714.3 million in 2023. This is expected to increase over the forecast period at a CAGR of 3% to reach $880.8 million.
Throughout this medical market research, we analyzed over 15 surgical light source companies across 7 continents and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts. The full report suite on the global market for surgical light sources includes devices used to provide illumination for endoscopic cameras, surgical headlights and surgical microscopes.
DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2030, and Historical Data to 2020
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- COVID19 Impact
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios and SWOT for Top Competitors
Global Surgical Light Source Market Insights
The market for surgical light sources has reached maturity, primarily dominated by replacement sales of older units. These light sources are commonly procured in packages alongside endoscopic cameras and image capture devices. The adoption of 4K technology is driving an upsurge in endoscopic camera sales, thereby stimulating the bundled sale of light sources. Furthermore, interoperability issues exist among connectors used by different companies’ light sources, necessitating users to acquire both the light source and camera from the same supplier. When a new camera system is introduced, users might need to invest in a new light source due to incompatible connectors, unless adapters are utilized to bridge the gap between incompatible connectors.
Global Surgical Light Source Market Share Insights
Karl Storz, a dominant force in the surgical light source market in 2023, bundles its light sources with surgical cameras. The Techno LED Nova 150® boasts a 30,000-hour lifespan, delivering low-noise, vibration-free operation, and emitting zero heat. Additionally, Karl Storz provides the XENON NOVA™ 300 W xenon lamp for illuminating larger cavities.
Stryker, the second major competitor in the 2023 surgical light source market, holds a strong position due to its prowess in the surgical camera system market, often bundling the two devices. Their 1688 Advanced Imaging Modalities (AIM) 4K Platform introduced the innovative L-11 Light Source with Auto-Light Technology in March 2019. Stryker’s offerings include the PRECISION LED light source tailored for endoscopic applications.
Olympus, the third top competitor in the 2023 surgical light source market, concentrates on gastrointestinal applications, predominantly designing products for that specialty within its VISERA® platform. Olympus provides various LED and xenon light sources for this purpose.
Market Segmentation Summary
- Global Surgical Light Source Market
Global Research Scope Summary
| Report Attribute | Details |
|---|---|
| Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2023 |
| Forecast | 2024-2030 |
| Historical Data | 2020-2023 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
CONTACT US FOR ADDITIONAL INFORMATION
For full segmentation and any questions regarding research coverage, please contact us for a complimentary demo of the full report.
