Global Hospital Lighting Market, By Product (Troffers, Surface-Mounted Lights, Surgical Lamps, Recessed Lighting, Other), Technology (Fluorescent, LED, Renewable, Other), Application (Patient Wards and ICUs, Surgical Suites, Examination Rooms, Other), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2029.
Market Analysis and Insights of Hospital Lighting
Hospital lighting market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6.25% in the above-mentioned forecast period.
Hospital lighting is basically are the lights which have been manufactured especially with medical facilities in mind. They are often made from durable materials and must hold up to regular cleaning as well as be able to withstand a certain amount of abuse. Hospitals and other medical facilities need to be as clean as possible, so the lighting needs to stand up well against water and chemicals.
The increasing adoption of LED based lighting fixtures, government initiative to enhance energy efficiency in hospitals and advantages of LED over conventional lighting are the significant factors responsible for driving the growth of the hospital lighting market. Additionally, the rising government support towards the implementation of energy efficiency programs in hospitals has resulted in the rising incursion of LED-based lighting products in comparison to conventional lighting, which is also heighten the overall growth of the market. However, the high cost of product and high consolidated market obstruct the market’s growth.
The growing advancements in lighting technology are expected to generate profitable opportunities for the market. On the other hand, the product recall due to technical failure have the potential to challenge for the market’s growth.
This hospital lighting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research hospital lighting market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hospital Lighting Market Scope and Market Size
Hospital lighting market is segmented on the basis of product, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the hospital lighting market is segmented into troffers, surface-mounted lights, surgical lamps, recessed lighting and other.
- On the basis of technology, the hospital lighting market is segmented into fluorescent, LED, renewable energy and other.
- Hospital lighting market has also been segmented based on the application into patient wards and ICUs, surgical suites, examination rooms and other.
Hospital Lighting Market Country Level Analysis
Hospital lighting market is analyzed and market size insights and trends are provided by product, technology and application as referenced above.
The countries covered in the hospital lighting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market due to ample government support and utility funding in order to promote energy efficiency projects and to support the modernization of hospital lighting industry. Asia-Pacific is expected to show a rapid and lucrative growth rate in the forecast period owing to the growing number of laptops, tablets and mobile user along with growth in automotive industry.
The country section of the hospital lighting market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Hospital lighting market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for hospital lighting market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hospital lighting market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Hospital Lighting Market Share Analysis
Hospital lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hospital lighting market.
Some of the major players operating in the hospital lighting market report are Acuity Brands Lighting Inc., Eaton, WOLFSPEED, INC., GENERAL ELECTRIC, Koninklijke Philips N.V., Herbert Waldmann GmbH & Co. Kg, KLS Martin Group, TRILUX GmbH & Co. KG., Hubbell, Zumtobel Group., Signify Holding., OSRAM GmbH., Orion Energy Systems, Inc., Drägerwerk AG & Co. KGaA, Derungs Licht AG, D-TEC, C3 Lighting, Lindner Group, Stryker, Amico Group, Slottsmöllans Fastighets AB Villa Ekeb, Kenall Manufacturing, Bryton Technology, Inc.., DARAY, Brandon Medical Co Ltd, and BeaconMedaes among others.