Hospital Lighting Market Key Opportunities And Strategies 2023-2032

The Hospital Lighting Global Market Report 2023, provides comprehensive information on the hospital lighting market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global hospital lighting market size is expected to grow from $7.43 billion in 2022 to $7.91 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the hospital lighting market is expected to grow to $10.11 billion in 2027 at a CAGR of 6.3%.

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Advancement in lighting technology is a key trend gaining popularity in the hospital lighting market. Major market players are focused on creating innovative lighting solutions that prevent the spreading of infection to gain a competitive edge in the market. For instance, in March 2020, Haichang Optotech, a Hong Kong-based LED light manufacturing company, launched UVC LED panel lights for hospital sterilization, disinfection, and cleaning. It is built to meet the highest technical standards for hospitals and clean rooms. It employs a UV3535 LED (UVA+UVC) with 2-in-1 sterilization and general illumination functions. Furthermore, the dual modes of sterilization and lighting can be freely switched with the help of intelligent switch control.

The hospital lighting market 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 2022.

The table of contents in TBRC’s hospital lighting market report includes:

1. Executive Summary
2. Hospital Lighting Market Characteristics
3. Hospital Lighting Market Trends And Strategies
4. Hospital Lighting Market – Macro Economic Scenario
5. Hospital Lighting Market Size And Growth
6. Hospital Lighting Market Segmentation
7. Hospital Lighting Market Regional And Country Analysis

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28. Key Mergers And Acquisitions In The Hospital Lighting Market
29. Hospital Lighting Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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