The global Hospital Lighting market size was valued at US$ 7 Billion in 2022 and the total Hospital Lighting revenue is expected to grow at 6.3% through 2023 to 2029, reaching nearly US$ 10.75 Billion.
Market Overview:
This study aims to provide a comprehensive analysis of the Hospital Lighting market, examining its components, applications, industries, and geographical aspects. It delves into the primary drivers influencing market growth and offers an in-depth analysis of the market’s value chain.
Market Scope:
The research methodology employed for assessing and predicting the Hospital Lighting market involves secondary research utilizing revenue data from key suppliers. Market segmentation takes into account vendor offerings, and the overall market size is determined using a bottom-up approach based on the revenue of major enterprises.
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Drivers:
The number of hospitals is increasing all around the world, but it is especially noticeable in growing economies such as China and India. The significant increase in the number of hospitals in this region may be attributable mostly to these nations’ rapidly growing populations and rising healthcare expenditures. The growing number of hospitals in emerging economies will lead to an increase in the number of hospital wards and operating rooms, driving development in the hospital lighting industry. The creation of a high number of hospitals in emerging countries, as well as the growing popularity of LED-based lighting fixtures, are the primary drivers driving the growth of the global hospital lighting market.
Segmentation:
by Product
Surface-mounted Lights
Troffers
Surgical Lamps
Other
by Technology
Fluorescent Lights
LED Lights
Renewables
Other
by Application
Patient Wards & ICUs
Examination Rooms
Surgical Suites
Other
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Key Players:
The major players identified in the Hospital Lighting market report include:
1. General Electric Company
2. Acuity Brands Lighting Inc.
3. Cree IncCree Inc.
4. Eaton Corporation PLC
5. Hubbell Incorporated
6. Koninklijke Philips N.V.
7. Zumtobel Group AG
8. Herbert Waldmann GmbH & Co. KG
9. KLS Martin Group
10.Trilux Lighting Ltd
11.Dragеrwеrk АG & Со
12.КGаА
13.Ніll-Rоm Ноldіngѕ
14.Zumtоbеl Grоuр АG
15.Тrіluх GmbН & Со. Кg
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Regional Analysis:
Market share statistics for Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are provided individually. Analysts evaluate competitive strengths and conduct a thorough competitive analysis for each player.
COVID-19 Impact Analysis on Hospital Lighting Market:
Various industries such as aerospace, defense, agriculture, automobiles, retail, e-commerce, energy, healthcare, packaging, mining, electronics, banking, financial services, and insurance have been impacted by the COVID-19 pandemic. The report assesses the general impact of COVID-19 on the Hospital Lighting market, including its growth rate during 2019-2020. Insights and analysis on risk management and digital transformation strategies are provided to assist businesses navigating through the crisis.
Key Questions Answered in the Report:
Which segment dominated the Hospital Lighting market?
What was the competitive landscape of the Hospital Lighting market in 2020?
What are the key drivers fueling the growth of the Hospital Lighting market?
Which region held the largest share in the Hospital Lighting market in 2020?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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