Hospital Lighting Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Hospital Lighting Market: Overview
Lighting in healthcare plays a critical role not only in enhancing the patient experience but also in improving the healthcare staff’s ability of catering to the various levels of care required by the patients. As a result, the global market for hospital lighting is likely to reach new heights.
By application, the global hospital lighting market can be segmented into dentistry, operating room, doctors’ offices, kitchen, maternity ward, patient rooms, laboratory, library, bathrooms, first aid ward, corridors and staircases, and waiting areas. Based on technology, the LED, CFL, florescent, and renewable energy. By product, the global market for hospital lighting systems can be segmented into surgical lights, surface-mounted lights, and troffers.
Global Hospital Lighting Market: Key Trends
Since good illumination ensures the safety of patients, allows smoother operation of activities, creates an amiable environment, and promotes a sense of well-being among the patients, the global healthcare lighting market holds vast potential for growth. The LED lighting is expected to emerge as the leading segment by technology, thanks to the growing deployment of LED based fixtures across various parts of hospitals.
The florescent lighting systems are also gaining traction. They are being increasingly installed across hospitals by virtue of their relatively lower costs and power saving capabilities. By product, troffers are likely to claim the largest share in the global market for hospital lighting. By application, the patients’ wards segment might represent the largest share in the global market for hospital lighting.
Global Hospital Lighting Market: Market Potential
Enhancement of user experience is increasingly being acknowledged by some leading hospitals. For instance, the new Beacon Children’s Hospital in South Bend (US), features a two-story atrium that has pleasant, soft-green lights. These ‘firefly’ lights give a splendid appearance to the entire ambience of the hospital. The ‘nature and healing’ theme of the hospital is designed to aid patients recover faster. With a forest mural, interactive games, and tree sculptures along with these lights, the hospital aims at boosting interaction between fellow patients, staff, family, and the physical space itself. The hospital welcomed its first patients in May 2017.
The global market for hospital lighting has been witnessing collaborations, partnerships, and mergers. For instance, an emerging non-profit, Market Driven Community Corporation (MDCC) made an announcement in April 2017 pertaining to its signing a contract for installing LED lighting systems at Rochester General Hospital (New York, US).
Global Hospital Lighting Market: Regional Outlook
The global market for hospital lighting can be segmented into Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America. North America currently holds the dominant position in the global market for hospital lighting. Beneficial government initiatives and technological advancements in the area of lighting solutions have been the key factors driving the growth of the market.
The countries such as India, China, Malaysia, Singapore, and Japan are witnessing an increase in the number of hospitals. This can create significant opportunities for the growth of the market. The expanding healthcare infrastructure in Asia Pacific and growing preference for efficient lighting solutions in the region have also been accelerating the expansion of the hospital lighting market in the region. The Middle East and Africa and Latin America are also bursting forth with opportunities.
Global Hospital Lighting Market: Competitive Analysis
Koninklijke Philips N.V., Acuity Brands Lighting Inc., KLS Martin Group, Eaton Corporation PLC, Hubbell Incorporated, General Electric Company, Cree Inc., Zumtobel Group AG, and Trilux Lighting Ltd are some of the leading companies operating in the global market for hospital lighting.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report