Examination Lights Market Rising in United States | Fortune Business Insights
The global examination lights market size is set to reach USD 259.6 million by 2026, exhibiting a CAGR of 3.5% during the forecast period. Increasing patient burden on healthcare facilities worldwide will act as the central growth driver for this market in the upcoming decade. The incidence of various kinds of diseases and disorders is rising at a rapid rate around the world. For instance, close to 463 million people were diabetic in 2019, according to the International Diabetes Federation (IDF). By 2045, IDF expects this number to reach 700 million. Similarly, the World Health Organization states that 18.1 million new cancer cases were reported in 2018 and the diseases caused 9.6 million deaths in the same year. Widespread prevalence of these chronic and life-threatening diseases has compelled governments across the globe to increase their healthcare spending. As a result, healthcare infrastructures globally are getting more robust and technologically advanced, making this factor one of the leading examination lights market trends.
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Fortune Business Insights™, through its report, titled
“Examination Lights Market Size, Share & Industry Analysis, By Technology
(LED, and Halogen), By End User (Hospitals, Clinics, and Others) and Regional
Forecast, 2019-2026”, states that the value of this market stood at USD 197.1
million in 2018. Besides this, the report also provides the following
information:
· Profiles of the major players in the
market;
·
Noteworthy industry developments;
·
Analysis of the different market
segments;
·
Research into the market trends,
drivers, and restraints; and
·
Evaluation of the current and future
prospects in the market in general and in regions in particular.
Considerable
Deterioration in Amount of Diagnostic Courses to Hinder Market Growth
The outbreak of COVID-19 has had an unfavorable effect on the
examination lights market growth. Fundamental companies recorded a severe
decline in their revenue levels from the sales the light product owing to the
substantial diminishing in the amount of analytic inspection tests being
directed during the COVID-19 guidelines.
Furthermore, the government imposed constrictions owing to the
COVID-19 led to a massive worsening in medical
tourism and hospital visits for diagnostic checkups all over the world.
This additionally restricted the employment of this type of lights during
2019-2020.
Stryker Declares
Merger with Texas Health Hospital Mansfield to Join Journey to Zero
Stryker made an announcement regarding a collaboration with Texas
Health Hospital Mansfield, which is the preliminary medical establishment that
has devoted to steering the Journey to Zero, accepting the complete collection
of Stryker products to back their journey to eradicate harm for healthcare
workers and patients in the operation room.
Journey to Zero focuses on refining protection in operating
theaters for both, the patient as well as the medical assistants by aiding
customers to embrace the full suite of Stryker products envisioned to decrease
or eradicate the most general dangers and threats in the operation room,
comprising all the blind spots, drug alteration, clinical smoke, splashes and
spills, recollected surgical sponges, slips, trips and falls.
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Few
Disadvantages of LED Lights to Put Constraints on Growth
Light Emitting Diodes or LEDs are a landmark advancement in
lighting technology as these lights are extremely energy-efficient and have a
significantly longer shelf-life compared to conventional halogen lights.
However, they suffer from a few limitations which may hold back the examination
lights market growth. For instance, the performance of LED lights is dependent
on ambient temperature. High ambient temperatures may cause overdriving of LEDs
and damage the device. To avoid this situation, effective heat-sinking
mechanisms need to be deployed. This factor is vital in the healthcare industry
as these lights need to function efficiently across different temperatures in a
healthcare facility. Furthermore, LEDs are known to cause ‘blue pollution’
since they emit large quantities of blue light, which is the most intense form
of visible light, thereby causing greater amount of light pollution.
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