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Hospital Lights Market Size to Reach USD 13.6 Billion by 2032 growing at 6.9% CAGR - Exclusive Report by Acumen Research and Consulting

28 Jul 2024
ARC
Semiconductor and Electronics

The Hospital Lights Market, valued at USD 7.5 Billion in 2023, is anticipated to surpass USD 13.6 Billion by 2032, reflecting a projected CAGR of 6.9%

Hospital lights play an important role in healthcare lighting not only in intensifying the patient experience but also in civilizing the healthcare staff’s ability to cater to the different levels required by the patients. As a consequence, the global market for hospital lighting is expected to create a benchmark across the globe. The factors responsible for booming the hospital lights market growth are raising number of hospitals in developing economies, increasing acceptance of LED-based lighting products, energy-saving programs in hospitals, cheaper cost, and lower operational cost. Recently, wide use of both artificial lights and daylight systems such as lamps in lobbies, corridors of hospitals, and light fixtures are adopted, which resulted in saving 45-70% of energy this are the factors likely to spur the market growth. However, the major factor curbing the hospital lights market growth is due to the safety issues related with hospital lighting systems.

Hospital Lights Market Dynamics

Hospital Lights Market Statistics

  • The global hospital lighting market is expected to reach USD 7.5 billion by 2023, with a 6.9% CAGR from 2024 to 2032
  • North America accounts for 38% of the hospital lights market
  • Asia-Pacific is the fastest-growing area, with an 8% growth rate, offering opportunities for industry participants
  • Surface-mounted lights play a big role in the hospital lights market
  • Point-of-use revenue from patient wards and ICUs is important in the hospital lights market
  • The hospital lights market is expanding in emerging markets due to rising healthcare investments

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Hospital Lights Market Dynamics

Troffers Give Platform to Grow the Hospital Lights Market During Forecast Period

Troffers are a type of lighting fixture that is placed into the ceiling to provide illumination. These troffers are the type of task lighting and are generally in commercial buildings. To create consistent lighting in a space the troffers are set in a grid pattern. Furthermore, troffers are temporarily suspended and can also be installed with a surface mount ceiling box in ceilings that don’t have room for a temporarily suspended inlet. Moreover, LED troffers are most preferable as it provides a more comfortable lighting option and can help employees or staff to better focus on tasks. As it increased design flexibility with LED lights and can be used to rise the interior design and architectural aspects of a space. However, troffers help in saving energy and improving workplace productivity which results in growing the hospital lights market during the coming years.

Latest Trends in Hospital Light Market

Light Emitting Diodes (LEDs) are the latest trends in hospital lights market. They are not only energy saving lights but they are also used to check infections. LED lighting fixture is a cost efficient as LED has a longer life span and needs to change very few times. LED lights control the spreading of infection outside a particular area where the lights are installed. As, the LED fixtures are tightly packed; there is no chance to collect dust and bacteria on and around them. Moreover, the latest trend and crucial use of LED lighting are in MRI and CT scan rooms. Additionally, LED fixtures are widely used for general lighting purposes throughout the hospitals. The Led lights used in CT scan and ultrasound rooms make them ideal as the lights used are dimmable where it helps for better observation and patient comfort. Also, Led lights in MRI are harmless since they do not utilize metals that are affected by magnetic fields, nor they emit radio frequencies.

Hospital Lights Market Segmentation

The global hospital lights market is divides into 4 segments: product, technique, point of use, and regional markets

  • Product: surface-mounted lights, troffers, surgical lamps, and others
  • Technique: fluorescent, halogen, LED, and others
  • Point of Use: operating rooms, patient wards, and ICUs, examination rooms, and others
  • Regional industry for hospital lights market: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa

Hospital Lights Market Regional Outlook

North America has always been the main region in terms of hospital lights market size and growth. The presence of a mature healthcare system, combined with government initiatives supporting energy-efficient lighting solutions, has helped it maintain its top position. The United States and Canada have been important market drivers, focusing on sophisticated technologies such as LED lighting and smart lighting systems.

Europe is another important market for hospital lights, with a focus on sustainability and patient comfort. Countries such as Germany and the United Kingdom have been at the forefront of implementing innovative lighting solutions to improve patient care while reducing energy use. The region's emphasis on green building methods and energy-efficiency laws has also fueled growth in this sector.

Asia-Pacific is emerging as a rapidly rising in hospital lights market, owing to rapid urbanization, increased healthcare spending, and hospital infrastructure growth. Countries such as China and India have seen considerable expansion in the number of hospitals and clinics, resulting in an increase in demand for lighting products. The region's emphasis on cost-effective and energy-efficient solutions has opened doors for both domestic and international players.

Hospital Lights Market Players

Hospital lights companies profiled in the report include Acuity Brands, Inc., Drägerwerk AG & Co. KGaA, Eaton Corp. Plc, General Electric Co., Herbert Waldmann GmbH & Co. Hill-Rom Holdings, Inc., Hubbell, Inc., KLS Martin Group, Koninklijke Philips N.V., Zumtobel Group AG, and Trilux GmbH & Co. Kg.

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