The hospital lighting global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hospital Lighting Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
The hospital lighting market size is expected to see strong growth in the next few years. It will grow to $11.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to research and development, sustainability goals, smart hospital integration, focus on cost-effectiveness, infrastructure modernization. Major trends in the forecast period include biophilic design concepts, data-driven lighting designs, wellness-oriented design, remote monitoring and management, adaptive lighting controls.
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Scope Of Hospital Lighting Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hospital Lighting Market Overview
Market Drivers –
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.
Market Trends –
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 2021, Mediland, a Taiwan-based specialized company that focuses on providing a range of medical equipment and services, expanded its product portfolio with the technological launch of two cutting-edge offerings. Following the success of the Hyper Light, a UVC disinfection robot combating the spread of COVID-19, Mediland introduced the novel C800 electro-hydraulic operating table and the SunLED Series surgical light under the theme Feel in Control. Both products boast high-end features designed to empower surgeons, providing them with an enhanced operational experience. The C800 operating table and SunLED Series surgical light reflect Mediland’s commitment to delivering advanced tools for curative, preventive, and palliative care, further solidifying its position as a player in healthcare innovation.
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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
- Executive Summary
- Hospital Lighting Market Report Structure
- Hospital Lighting Market Trends And Strategies
- Hospital Lighting Market – Macro Economic Scenario
- Hospital Lighting Market Size And Growth
…..
- Hospital Lighting Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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