Global Hospital Lighting Market, Industry Insights by Product, Technology and Application - Analysis and Forecast Report 2024


Posted June 27, 2019 by vynzresearch

The global hospital lighting market is expected to be valued at USD 9.1 billion by 2024, is expected to witness CAGR of 10.7% during the forecast period (2018 – 2024).

 
The lighting in the hospitals is positioned in the manner it enables the doctors to have required focus on the task performed and eradicating errors. Hospital lighting also enables proper lighting in operation theatres that helps the doctors in effectively managing time to complete a particular task and also ensures efficient cost savings.

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Moreover, the hospital lighting market is expected to witness high growth due to rapidly increasing and progressing facilities in the hospital. Some of the lighting products that are excessively being used in the hospital include surgical lamps, troffers, wraparounds, and surface-mounted lights.

There are various types of hospital lighting such as fluorescent type lighting, halogen bulbs and HDI lighting that are used in operation theatres in order to uplift the focus in the room. Moreover, it has been observed that these lightings can be moved away from the area when it is not desired and can be located in a position that does not causes wandering of light and enables staying at the light focused area.

Another factor pertaining to the growth of the hospital lighting market include the development of a large number of hospitals in emerging economies along with extensive adoption for LED-based fixtures of lighting.

The hospital lighting market on the basis of the technology is segmented into fluorescent technology, LED technology and others. Among all these segments the fluorescent segment is projected to grow at the highest CAGR owing to low operational as well as implementation cost.

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Asia-Pacific is expected to witness the fastest growth 8.6% CAGR in the hospital lighting market due to extensive diffusion of innovative lighting solutions for implementation in the healthcare domain.

Some of the major companies operating in the global hospital lighting market include Acuity Brands Lighting Inc., Eaton Corporation PLC, Cree Inc., General Electric Company, Koninklijke Philips N.V., Herbert Waldmann GmbH & Co. Kg, KLS Martin Group, Trilux Lighting Ltd., Hubbell Incorporation and Zumtobel Group AG.

Source: VynZ Research
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Last Updated June 27, 2019