Europe Medical Lighting Technologies Market Forecast 2021-2028

Europe Medical Lighting Technologies Market Forecast 2021-2028

KEY FINDINGS

The Europe medical lighting technologies market is projected to grow with a CAGR of 6.46% over the forecasting period of 2021 to 2028. The rising geriatric population, the expansion of healthcare facilities, the increasing burden of mortalities due to chronic conditions including diabetes, chronic respiratory disease, cancer, and cardiovascular diseases, and the increasing healthcare budgets are among the key factors associated with the region’s market growth.

MARKET INSIGHTS

The Europe medical lighting technologies market growth assessment includes the evaluation of Germany, Poland, France, Belgium, Italy, the United Kingdom, Russia, and the rest of Europe. The healthcare system in France is one of the universal healthcare largely financed by the government’s national health insurance. The country is also one of the most significant spenders on healthcare across the European Union (EU) in terms of the gross domestic product (GDP) percentage. In this regard, France presently spends nearly 11.5% of the GDP. Moreover, the national government contributed around €470 billion to battle the economic impact of the COVID-19 pandemic. Hence, the rising pandemic-related hospitalizations, as well as the increased healthcare expenditure, drives the demand for medical lighting technologies in France.

Conversely, the surging aging populace in Italy results in a subsequent increase in chronic conditions. Thus, in order to alleviate the disease burden, the country has increased its public expenditure on healthcare over recent years. Italy now concentrates on expanding its hospitals to cope with augmenting population sizes and chronic conditions. As a result, these factors are anticipated to propel the medical lighting technologies market in Europe during the forecasted years.

COMPETITIVE INSIGHTS

Major companies operating in the market are KLS Martin Group, Getinge AB, Eaton Corporation PLC, 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