Hospital Lighting Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Hospital Lighting Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : May, 2020 | Medical Devices | PPT format

Report Digest


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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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