Key Findings
The North America medical lighting technologies market is anticipated to grow with a CAGR of 6.10% over the forecasting years of 2021 to 2028. The region’s market growth is primarily ascribed to the increasing numbers of hospitals and medical facilities, the surging healthcare expenditure, as well as the presence of numerous established firms offering medical lighting products.

Market Insights
The North America medical lighting technologies market growth evaluation includes the analysis of Canada and the United States. Canada has a universal, decentralized, and publicly funded healthcare system termed Canadian Medicare. The national healthcare is primarily administered and backed by the 13 territories and provinces of the country. Besides, the Canadian medical sector is funded by charitable contributions, government contributions, and private insurance, as well.
On the other hand, according to industry sources, Canada harbors around 715 hospitals. In 2019, as per the Canadian Institute for Health Information (CIHI), the country was estimated to spend $264 billion on healthcare, equating to $7,068 per Canadian citizen. The country’s healthcare expenditure has continued to increase steadily over time. Moreover, the surging number of patients owing to the COVID-19 pandemic, in addition to increased hospitalizations, innovations in medical lighting technologies, and rising healthcare expenditure, play a substantial role in propelling the demand for medical lighting in Canada. As a result, these factors are set to fuel the North America medical lighting technologies market growth over the forecasted period.

Competitive Insights
Leading companies operating in the market are Stryker Corporation, Welch Allyn Inc, Steris PLC, GE Healthcare, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments