Global Hospital Lights market trends 2024, Forecast To 2033
4 Mar, 2024
The hospital lights market has experienced strong growth, rising from$8.89 billion in 2023 to$9.71 billion in 2024, with a compound annual growth rate (CAGR) of 9.3%. Historical drivers include a focus on patient comfort, energy efficiency requirements, surgical precision, regulatory compliance, patient-centric lighting, increased healthcare spending, and architectural and aesthetic considerations. Anticipated strong growth in the coming years will drive the market to$13.97 billion by 2028, propelled by the rise in healthcare facilities, enhanced control systems, sustainable lighting practices, lighting design for behavioral health spaces, customization for different hospital spaces, and compliance with lighting standards. Major trends in the forecast period include LED technology dominance, color temperature adjustability, integration of smart lighting systems, increased adoption of indirect lighting, and wireless controls and IoT integration.
Global Hospital Lights Market Key Driver
The growing number of hospitals is expected to propel the growth of the hospital lights market. Hospitals are institutions that are designed, staffed, and outfitted for illness diagnosis, medical and surgical treatment of the ill and injured, and housing while undergoing these procedures. Hospital lights provide enough light for the medical staff, are used as a signaling device during any event and prevent any disturbance to the patients during sleep. For instance, in 2022, according to a survey conducted by the American Hospital Association, a US-based healthcare industry trade group, the total number of all US Hospitals is 6,093, and the number of US community hospitals is 5,139. Therefore, the growing number of hospitals is driving the growth of the hospital lights market. The 2023, 2024, and 2028 market size values underscore the significance of hospital lights in facilitating effective healthcare delivery and ensuring patient comfort and safety amid the expansion of healthcare facilities globally.
Get A Free Sample Of The Global Hospital Lights Market ReportGlobal Hospital Lights Market Segments
The global hospital lights 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, Surgical Suites, Examination Rooms, Other Applications
By Geography: The regions covered in the hospital lights 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 lights market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hospital lights market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Hospital Lights Industry Players
Koninklijke Philips N.V., The Zumtobel Group, Wolfspeed Inc., Signify N.V., Acuity Brands Inc., Steris PLC, Skytron LLC, Integra LifeSciences Corporation, S.I.M.E.O.N. Medical GmbH & Co. KG, Getinge AB, General Electric Company, Hubbell Incorporated, KLS Martin Group, Brandon Medical Co. Ltd., Best Lighting Products Inc., Herman Miller, TLV Co. Ltd., ETS-Lindgren Ltd., Kenall Manufacturing, Planmeca OY, Shenzhen Comen Medical Instruments Co. Ltd., Medifa, Hill-Rom Holdings Inc., Eaton Corporation, Osram Licht AG, Cooper Lighting Solutions, Dialight PLC, LEDVANCE GmbH, McKesson Corporation, Stryker Corporation
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Hospital Lights Market Overview
Hospital lights are lights made from durable material to be used in medical facilities for the safety of the people who are working in the building.
Hospital Lights Global Market Report 2023 provides data on the global hospital lights market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hospital lights market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.