Hospital lighting refers to the lighting used in hospitals to achieve a practical or aesthetic effect. These play an essential role in realizing health treatments and care effects: patient rehabilitation services, doctor-patient relationships, hospital operation management, and cost control.
Sizing and Forecast
The hospital lighting market size has grown strongly in recent years. It will grow from $7.91 billion in 2023 to $8.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to energy efficiency, regulatory standards, patient-centric lighting, reduction of hospital-acquired infections, surgical precision.
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Segmentation & Regional Insights
The hospital lighting market covered in this report is segmented –
1) By Product: Troffers, Surface-mounted Lights, Surgical Lamps, Other Products
2) By Technology: Fluorescent, LED, Renewable Energy, Other Technologies
3) By Application: Patient Wards and ICUs, Examination Rooms, Surgical Suites, Other Applications
North America was the largest region in the hospital lighting market in 2023. Europe was the second-largest region in the hospital lighting market. The regions covered in the hospital lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
An increase in number of hospitals worldwide are expected to propel the hospital lighting market. Hospitals are an essential component of the development of a healthcare system. External pressures, healthcare system flaws, and hospital-sector deficiencies are currently driving the construction of hospitals in many parts of the world. This increasing construction of hospitals worldwide impacts the demand for and use of hospital lighting to achieve a practical or aesthetic effect inside and around the hospital. For instance, according to a 2021–22 annual report published by the Department of Health & Family Welfare, the April–June 2021 quarterly progress data shows that over 5,500 urban facilities have been strengthened, and the construction of approximately 890 new UPHCs (public health care) and 90 new UCHCs (urban community health centers) has been approved. Therefore, the increase in the number of primary healthcare centers and hospitals will drive the demand for the hospital lighting market.
Key Industry Players
Major companies operating in the hospital lighting market report are Acuity Brands Inc., KLS Martin Group, Eaton Corporation PLC., Hubbell Incorporated, Koninklijke Philips NV, Trilux GmbH & Co KG, Zumtobel Group, General Electric Company, Kenall Manufacturing Company, Brandon Medical Company, Drägerwerk AG & Co KGaA, Signify Holding BV, Osram Licht AG, Orion Energy Systems Inc., Thorn Lighting Ltd., Waldmann GmbH & Co. KG, Skytron LLC, Epic System Corporation, Halma plc, Healthstream Inc., Infosys Limited, JVS Technologies Pvt Ltd., McKesson Corporation, Alcidion Corp., Cerner Corporation, Medworxx Solutions Inc., Change Healthcare, Healthcare Lighting Solutions, Allscripts Healthcare Solutions Inc., L.D. Kichler Co. Inc.
The hospital lighting market report table of contents includes:
1. Executive Summary
2. Hospital Lighting Market Characteristics
3. Hospital Lighting Market Trends And Strategies
4. Hospital Lighting Market – Macro Economic Scenario
5. Global Hospital Lighting Market Size and Growth
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31. Global Hospital Lighting Market Competitive Benchmarking
32. Global Hospital Lighting Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Hospital Lighting Market
34. Hospital Lighting Market Future Outlook and Potential Analysis
35. Appendix
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