Global Hospital Lighting market size 2024, Forecast To 2033
4 Mar, 2024
The hospital lighting market has seen significant growth, poised to rise from $7.91 billion in 2023 to$8.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. This growth is attributed to energy efficiency and patient-centric lighting. Forecasts suggest strong growth, with the market projected to reach $11.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The expected expansion is driven by research, sustainability goals, and smart hospital integration. Major trends include biophilic design and wellness-oriented concepts.
Global Hospital Lighting Market Key Driver
An increase in the number of hospitals worldwide is expected to propel the hospital lighting market. Hospitals are an essential component of the development of a healthcare system. External pressures, healthcare system flaws, and hospital-sector deficiencies are currently driving the construction of hospitals in many parts of the world. This increasing construction of hospitals worldwide impacts the demand for and use of hospital lighting to achieve a practical or aesthetic effect inside and around the hospital. For instance, according to a 2021–22 annual report published by the Department of Health & Family Welfare, the April–June 2021 quarterly progress data shows that over 5,500 urban facilities have been strengthened, and the construction of approximately 890 new UPHCs (public health care) and 90 new UCHCs (urban community health centers) has been approved. Therefore, the increase in the number of primary healthcare centers and hospitals will drive the demand for the hospital lighting market. The 2023, 2024, and 2028 market size values reflect the anticipated growth trajectory of the hospital lighting market as the global healthcare infrastructure expands to meet the demands of growing populations and evolving healthcare needs.
Get A Free Sample Of The Global Hospital Lighting Market ReportGlobal Hospital Lighting Market Segments
The global hospital lighting market covered in this report is segmented –
1) By Product: Troffers, Surface-mounted Lights, Surgical Lamps, Other Products
2) By Technology: Fluorescent, LED, Renewable Energy, Other Technologies
3) By Application: Patient Wards and ICUs, Examination Rooms, Surgical Suites, Other Applications
By Geography: The regions covered in the hospital lighting market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the hospital lighting market in 2023. Europe was the second-largest region in the hospital lighting market. The regions covered in the hospital lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Hospital Lighting Industry Players
Acuity Brands Inc., KLS Martin Group, Eaton Corporation PLC., Hubbell Incorporated, Koninklijke Philips NV, Trilux GmbH & Co KG, Zumtobel Group, General Electric Company, Kenall Manufacturing Company, Brandon Medical Company, Drägerwerk AG & Co KGaA, Signify Holding BV, Osram Licht AG, Orion Energy Systems Inc., Thorn Lighting Ltd., Waldmann GmbH & Co. KG, Skytron LLC, Epic System Corporation, Halma PLC, Healthstream Inc., Infosys Limited, JVS Technologies Pvt Ltd., McKesson Corporation, Alcidion Corp., Cerner Corporation, Medworxx Solutions Inc., Change Healthcare, Healthcare Lighting Solutions, Allscripts Healthcare Solutions Inc., L.D. Kichler Co. Inc.
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Hospital Lighting Market Overview
Hospital lighting refers to the lighting used in hospitals to achieve a practical or aesthetic effect. These play an essential role in realizing health treatments and care effects: patient rehabilitation services, doctor-patient relationships, hospital operation management, and cost control.
Hospital Lighting Global Market Report 2023 provides data on the global hospital lighting market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hospital lighting market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.