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MARKET OUTLOOK

Triton’s report on the Europe medical lighting technologies market predicts the market to thrive at a CAGR of 5.90% during the forecast period 2021-2028. Germany, the United Kingdom, France, Russia, Italy, Spain, and Rest of Europe together model the region.  

Several hospitals in Germany surged their bed capacities during the COVID-19 outbreak. Furthermore, medical lighting plays a significant role in decreasing costs and carbon emissions while enhancing patient and staff experience. Here, modern lighting solutions save energy and cost without compromising comfort level, which increases their demand in the market. Furthermore, factors such as the rise in the number of coronavirus patients, in addition to cancer and heart conditions, have increased the demand for examination, surgical, and operating lights. Hence, these aforementioned factors create lucrative opportunities for the medical lighting technologies market within Germany. 

On the other hand, the healthcare system is primarily funded by the national health insurance system in France. Thus, the surge in healthcare expenditure is majorly increasing the demand for medical lighting products across the country. Moreover, several companies offer efficient lighting systems to ensure efficient working conditions for medical professionals. For instance, Surgiris offers LED technology for surgery and diagnosis in order to provide surgeons with the best working conditions. Hence, the growing medical expenditure, coupled with growing medical cases, is likely to augment the demand for medical lighting products, thereby driving the French medical lighting technologies market on a growth path. 

COMPETITIVE OUTLOOK 

The renowned companies in the medical lighting technologies market consist of Trilux GmbH & Co KG, Integra Lifesciences Holdings Corporation, Getinge AB, Cree Inc, Draegerwerk AG & Co KGAA, Brandon Medical Co Ltd, Eaton Corporation Plc, and GE Healthcare.