Key Findings
The Asia-Pacific medical lighting technologies market is projected to develop with a CAGR of 6.77% during the forecasted years of 2021 to 2028. The market growth of the region is accredited to factors like the surging private sector investments, and the rapidly aging populace, in addition to the rising burden of patients with chronic conditions, the increasing healthcare expenditure, and the adoption of advanced healthcare solutions.

Market Insights
The Asia-Pacific medical lighting technologies market growth analysis includes the assessment of Japan, Australia & New Zealand, Indonesia, South Korea, India, Vietnam, China, Thailand, and the rest of the Asia-Pacific. The Indian government allocated $9.87 billion for the country’s healthcare sector from 2020 to 2021. As per industry sources, India harbors approximately 69,000 hospitals. While the number of COVID-19 cases continues to increase at an alarming rate, the country observes a significant rise in individuals with other lifestyle diseases, as well. As a result, the increasing number of patients pressurizes the Indian healthcare system. Moreover, the availability of government beds in the country is critically low, and a pandemic like the novel coronavirus outbreak could rapidly complicate the issue.
In 2019, the overall healthcare expenditure in South Korea equated to nearly 8% of the country’s gross domestic product (GDP). Besides, South Korea is progressing towards becoming an aging society at a faster pace than other nations. Hence, aligning with the surging geriatric population, South Korea observes an increase in medical expenditure for chronic degenerative diseases, identified as a major social burden. Thus, these factors are set to facilitate the market growth in the Asia-Pacific during the forecasting period.

Competitive Insights
Key companies in the market are Taiyo Corporation, Mediland Enterprise Corporation, Brandon Medical Co Ltd, Shanghai Wanyu Medical Equipment Co Ltd, 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