What Is the Future Projection for the Global Hospital Lights Market?
The global hospital lights market has seen considerable growth in recent years, with the market size surging from $9.55 billion in 2024 to $10.37 billion in 2025, and a compound annual growth rate (CAGR) of 8.5%. This substantial growth during the historic period can be attributed to multifold factors such as patient comfort, energy efficiency requirements, surgical precision, regulatory compliance, patient-centric lighting, increased healthcare spending, and architectural and aesthetic considerations.
Over the next few years, the market size is projected for significant growth, increasing to $14.98 billion by the year 2029 at a CAGR of 9.6%. The forecast period is expected to experience growth due to the rise in healthcare facilities, improved control systems, sustainable lighting practices, lighting design for behavioral health spaces, customization for different hospital spaces, and compliance with lighting standards. Moreover, few of the major trends predicted for this period include the dominance of LED technology, adjustability in color temperature, smart lighting systems integration, increased adoption of indirect lighting, and IoT (Internet of Things) integration.
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What Factors Are Driving The Hospital Lights Market Growth?
The hospital lights market growth is significantly boosted by the surging number of hospitals. As institutions geared for disease diagnosis, medical treatments, surgical procedures, and patient housing, hospitals play a critical role in the demand for hospital lights. These lights ensure optimal lighting for medical staff, serve as effective signaling devices, and minimize patient disturbance during sleep. For instance, according to a survey by the American Hospital Association, a US-based healthcare industry trade group, the total number of all U.S. Hospitals is 6,093 and the number of U.S. community hospitals is 5,139. Thus, the growing number of hospitals is playing a key role in driving the hospital lights market growth.
Which Are The Key Segments In The Global Hospital Lights Market?
* By Product: Troffers, Surface-Mounted Lights, Surgical Lamps, Other Products
* By Technology: Fluorescent Lights, LED Lights, Renewable Energy-based Lights, Other Technologies
* By Application: Patient Wards And ICUs, Surgical Suites, Examination Rooms, Other Applications
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Who Are The Major Players In The Hospital Lights Market?
Key companies operating in the global market include Koninklijke Philips N.V., The Zumtobel Group, Wolfspeed Inc., Signify N.V., Acuity Brands Inc., Skytron LLC, S.I.M.E.O.N. Medical GmbH & Co. KG, General Electric Company, Hubbell Incorporated, KLS Martin Group, Brandon Medical Co. Ltd., Best Lighting Products Inc., Kenall Manufacturing, Shenzhen Comen Medical Instruments Co. Ltd., Medifa, Hill-Rom Holdings Inc., Eaton Corporation, Osram Licht AG, Cooper Lighting Solutions, Dialight PLC, LEDVANCE GmbH, and Stryker Corporation.
What Trends Are Emerging In The Hospital Lights Market?
Product innovation stands out as a key trend in the hospital lights market. Major players in the hospital lighting industry are focusing on creating innovative product solutions to improve their market share. For instance, in July 2024, Vode Lighting, a US-based adaptive lighting systems manufacturing company, announced the launch of Wedge, an innovative family of adaptive lighting solutions that provide architects and designers with creative freedom. The Wedge family, featuring the Peak and Slope products, offers limitless design possibilities through its unique triangular form and advanced optics.
Which Region Is Expected To Have The Highest Growth In The Hospital Lights Market?
In 2024, North America was the largest region in the hospital lights market while Asia-Pacific is predicted to be the fastest-growing region in the forecast period. The hospital lights market’s report includes regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Hospital Lights Market Report 2025 Offer?
The hospital lights market report provides a clear understanding of the market definition. Hospital lights are durable materials used in medical facilities for the safety of those working in the building. They provide ample lighting for medical procedures, enhance visibility, and create a safe and comfortable environment for patients and healthcare providers.
The Hospital Lights Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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