The Business Research Company’s report on the Hospital Lights Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the hospital lights market?
The growing number of hospitals is expected to propel the growth of the hospital lights market. Hospitals are institutions that are designed, staffed, and outfitted for illness diagnosis, medical and surgical treatment of the ill and injured, and housing while undergoing these procedures. Hospital lights provide enough light for the medical staff, are used as a signaling device during any event and prevent any disturbance to the patients during sleep. For instance, in 2022, according to a survey conducted by 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. Therefore, the growing number of hospitals is driving the growth of the hospital lights market.
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How has the hospital lights market size evolved, and what are the latest forecasts for its expansion?
The hospital lights market size has grown strongly in recent years. It will grow from $9.55 billion in 2024 to $10.37 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to focus on patient comfort, energy efficiency requirements, surgical precision, regulatory compliance, patient-centric lighting, increased healthcare spending, architectural and aesthetic considerations.
The hospital lights market size is expected to see strong growth in the next few years. It will grow to $14.98 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to rise in healthcare facilities, enhanced control systems, sustainable lighting practices, lighting design for behavioral health spaces, customization for different hospital spaces, compliance with lighting standards. Major trends in the forecast period include led technology dominance, color temperature adjustability, integration of smart lighting systems, increased adoption of indirect lighting, wireless controls and IoT integration.
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Which major companies dominate the hospital lights market?
Major companies operating in the hospital lights market are 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, Stryker Corporation
What trends will shape the future of the hospital lighting market?
Product innovation is a key trend in the hospital lights market. Major players in the hospital lighting industry are concentrating 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, a groundbreaking family of adaptive lighting solutions that empowers architects and designers with exceptional creative freedom. Featuring the Peak and Slope products, the Wedge family offers limitless design possibilities through its unique triangular form and advanced optics. It retains the user-friendly installation and adaptable mounting options that are hallmarks of Vode’s innovative lighting systems, enhancing any space with style and functionality.
Which region dominates the hospital lights market, and what factors contribute to its leadership?
North America was the largest region in the hospital lights market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hospital lights market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How is the hospital lights market segmented, and which segment holds the largest share?
The hospital lights 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, Surgical Suites, Examination Rooms, Other Applications
Subsegments:
1) By Troffers: LED Troffers, Fluorescent Troffers, Smart Troffers
2) By Surface-Mounted Lights: LED Surface-Mounted Lights, Traditional Surface-Mounted Lights, Adjustable Surface-Mounted Lights
3) By Surgical Lamps: LED Surgical Lamps, Halogen Surgical Lamps, Shadowless Surgical Lamps
4) By Other Products: Exam Room Lights, Emergency And Exit Lights, Cove Lighting, Portable Lighting Solutions
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How is the hospital lights market defined?
Hospital lights are lights made from durable material to be used in medical facilities for the safety of the people who are working in the building. They are used to provide adequate illumination for medical procedures, enhance visibility, and create a safe and comfortable environment for patients and healthcare providers.
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