Hospital Lighting Market Overviews
Global Hospital Lighting Market size was valued at USD 7.75 Bn. in 2023 and is expected to reach USD 11.89 Bn. by 2030, at a CAGR of 6.3%.
For healthcare facilities to be safe, practical, and comfortable, hospital lighting is essential. It has general, task, ambient, mood, and emergency lighting for safety during outages, visibility, particular activities, and relaxation and tranquility. The exact conditions required in operating rooms, radiology suites, and critical care units are supported by specialized illumination. Hospital lighting is expected to increase at a 6.3% CAGR to reach USD 11.89 billion by 2030, from its estimated valuation of USD 7.75 billion in 2023. The need for technologically advanced facilities and improvements in healthcare infrastructure are driving the market’s expansion. The hospital lighting industry is also boosted by government financing for upgraded hospital infrastructure, which includes LED technology for energy efficiency.
Hospital Lighting Market Scope and Methodology:
For physicians and other healthcare professionals to operate effectively and safely, hospitals must have well-lit areas. In addition to improving staff effectiveness and patient well-being, proper hospital lighting also helps control sleep patterns and lowers medical errors. UV-lit LED fixtures improve safety and hygiene by having disinfecting properties. The importance of lighting in healthcare settings is becoming increasingly apparent. For example, proper illumination is necessary in intensive care units and surgical suites to guarantee safety and accuracy. Appropriate illumination in patient rooms enhances mood and sleep habits, hastening the healing process. The need for cutting-edge lighting solutions that help hospitals meet their goals of bettering staff productivity and patient outcomes is increasing.
Hospital Lighting Market Regional Insights
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, ASEAN, Pakistan and Rest of APAC)
South America (Brazil, Argentina Rest of South America)
Middle East & Africa (South Africa, GCC, Nigeria, Egypt and Rest of ME&A)
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Hospital Lighting Market Segmentation
Because LED technology offers more advantages than conventional lighting systems, the LED Lights segment had the biggest market share in 2023. LED lighting technology is incredibly energy-efficient and has the power to drastically alter lighting in the US going forward. Lighting is a crucial component of hospital energy usage, accounting for about 10% of total energy use in hospitals, according to a US Department of Energy analysis of SMR. The market for green technologies is expected to develop as a result of this, which would help the LED technology market.
Hospital Lighting Market Key Players
General Electric Company (Boston, Massachusetts, USA)
Acuity Brands Lighting Inc. (Atlanta, Georgia, USA)
Cree Inc. (Durham, North Carolina, USA)
Eaton Corporation PLC (Dublin, Ireland)
Hubbell Incorporated (Shelton, Connecticut, USA)
Koninklijke Philips N.V. (Amsterdam, Netherlands)
Zumtobel Group AG (Dornbirn, Austria)
Herbert Waldmann GmbH & Co. KG (Villingen-Schwenningen, Germany)
KLS Martin Group (Tuttlingen, Germany)
Trilux Lighting Ltd (Arnsberg, Germany)
Drägerwerk AG & Co. KGaA (Lübeck, Germany)
XAL (Graz, Austria)
Wipro (Bengaluru, India)
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Key questions answered in the Hospital Lighting Market are:
- What is Hospital Lighting ?
- What was the Hospital Lighting market size in 2023?
- What is the growth rate of the Hospital Lighting Market?
- Which are the factors expected to drive the Hospital Lighting market growth?
- What are the different segments of the Hospital Lighting Market?
- What growth strategies are the players considering to increase their presence in Hospital Lighting ?
- What are the upcoming industry applications and trends for the Hospital Lighting Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Hospital Lighting Market?
- Who are the leading companies and what are their portfolios in Hospital Lighting Market?
- What segments are covered in the Hospital Lighting Market?
- Who are the key players in the Hospital Lighting market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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Stellar 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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