What is Hospital Lighting Market Scope?
Hospital lighting is extremely important because doctors and other caregivers need to be able to accurately assess a patient’s condition based on visual signs as well as medical assessments. It helps to manage the hospital’s cost and provides the best environment for patients to recover and staff to work. To save energy and cut hospital lighting cost is to use LED wherever appropriate. When planning a hospital lighting project for any medical environment, it is important to consider some specific factors such as cleanliness, reliability and cost.
Influencing Trend:
Demand for Energy Efficient Lighting Systems
Market Growth Drivers:
Growing Awareness among Hospitals about Energy Efficiency, Increasing Adoption of LED Lightings Over Conventional Lighting and Rising Renovation Activities in the Hospitals
Challenges:
Lack of Awareness among Developing Regions
Restraints:
High Initial Cost of Installation
Opportunities:
Increasing Number of Hospitals and Clinics Worldwide, Advancements in Lighting Technologies and Growth in the Healthcare Sector
The Hospital Lighting market study is being classified by Type (Troffer, Surface-mounted Lights, Surgical Lamps and Other), by Application and major geographies with country level break-up.
Hospital lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hospital lighting market. Analysts at AMA predicts that Manufacturers from Global will contribute to the maximum growth of Global Hospital Lighting market throughout the predicted period.
General Electric Company (United States), Acuity Brands Lighting Inc. (United States), Cree Inc. (United States), Eaton Corporation PLC (Ireland), Hubbell Incorporated (United States), Koninklijke Philips N.V. (Netherlands), Zumtobel Group AG (Austria), Herbert Waldmann GmbH & Co. KG (Germany), KLS Martin Group (Germany) and Trilux Lighting Ltd (United Kingdom) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Kenall (United States), LEDVANCE (United States) and Litetronics (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Hospital Lighting market by Type, Application and Region.
On the basis of geography, the market of Hospital Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region hold largest market share in the year 2023.
Market Influencers and their Development Strategies
In April 2022, BalancedCare by Axis Lighting rolled out its new product portfolio Tranquility Series, which incorporates a range of designer graphic patterns and high-resolution proprietary photography with Axis Lighting luminaires and BalancedCare sconces. The product, while maintaining resolution integrity, can be scaled up to 20 x 20 feet designs. An assortment of textured graphics, inspiring images, and custom colors and finishes emphasizes patient stress reduction, relaxation, and opportunities for positive distractions.
In October 2023, Leviton introduces three new series of sealed healthcare luminaires from Certolux. These specification-grade downlights are designed for surgical suites, patient rooms and behavioral health facilities, and each offers an upscale, residential feel without compromising lighting performance or patient safety.
The continuous government support towards enhancing energy efficiency would increase utility funding ahead. Also lot of initiatives are taken towards modernizing the lighting of hospitals across various geographies.
Key Target Audience
Hospital Lighting Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Hospital Lighting Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Hospital Lighting Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Hospital Lighting industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.