Hospital Lights Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, the Hospital Lights Market is expected to be of the value USD 9.64 billion by the end of 2022, by growing with a CAGR of 6.3% from USD 7.10 billion in 2017. The market is segmented by Technology (Renewable Energy, LED, Fluorescent lights), by Application (Surgical Suites, Patient wards & ICUs, Examination Rooms) and by Product (Surface Lamps, Troffers, Surgical Lamps). The market is also segmented on a geographical basis into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Hospital Lights are the kind of lights used in hospital rooms like patient wards, Intensive Care Units (ICUs) and surgical suites. The lighting in hospitals is different to lighting in general, as the hospital lighting is required to be of just sufficient intensity and brightness, not less and not more.
The modernization of hospitals in developed regions like Europe and North America, increasing preference toward LED lights from the conventional fluorescent lights are the significant drivers behind the high estimated growth of the industry. Rapidly advancing science and technology enables the manufacturers to prepare hospital lights with tailored requirements for specific purposes. This has a positive influence on the future growth of the market.
Hospital Lighting Market is segmented by Technology, application and Product. Under categorization by Technology, the market is divided into Renewable energy, LED and Fluorescent lights. LED segment of the market is expected to lead the market till 2022, owing to the increased usage of LED lights globally. As per Application, the market is classified as the following – Surgical suites, Patient wards & ICUs and Examination Rooms. In 2016, the market was dominated by the Patient wards & ICUs segment. Regulations necessitating a better levels of infrastructure in ICUs around the world is the key reason behind this market trend. According to Product, the market is categorized into Surface Lamps, Troffers, and Surgical Lamps. Troffers segment of the market is to lead the market in the forecast period, according to the market share.
Under region, the global market is analyzed as the following regions - North America, Latin America, Europe, Asia Pacific and Middle East and Africa. North America region occupied the top position among all the regions in terms of market share, because of the extensive well-established hospitals in the region. The increasing healthcare services in emerging countries like India and China, the Asia-Pacific region provides largely untapped market potential for the future.
The key market players in present day are General Electric Company, Eaton Corporation PLC, Cree Inc., Zumtobel Group AG, KLS Martin GmbH + Co. KG, Koninklijke Philips N.V., Herbert Waldmann GmbH & Co. KG, Trilux GmbH & Co. Kg, Hill-Rom Holdings Inc. and Acuity Brands.
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