A new market intelligence report by Transparency Market Research (TMR), titled “Hospital Lighting Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” provides qualitative and quantitative insights into the market. It serves as an essential source of analysis and information regarding market dynamics, applications, technology, type, geographical segmentation, and competitive landscape of the global hospital lighting market.
With the rising awareness regarding the impact of lighting on the mental health of patients, healthcare organizations are rapidly coping up with the lighting standards to offer conducive hospital environment to patients. Thus, the increasing emphasis on patient-oriented services by hospitals is considered to be one of the key factors driving the global hospital lighting market. Moreover, the rising prevalence of chronic diseases is leading to increasing number of patients being admitted to hospitals, thereby fuelling the growth of the market. Furthermore, the increasing number of super-specialty and multi-specialty hospitals worldwide is working in the favor of market’s growth. However, the high cost of installation and longer lifespan of modern lighting products is hindering the revenue generation of manufacturers, thereby restraining the growth of the hospital lighting market.
On the basis of technology, the global hospital lighting market is segmented into incandescent, fluorescent, and LED lighting technology. Based on type, the market is divided into wraparound lights, surface mount lights, parabolic bulbs, troffers, emergency lights, parabolic bulbs, and others. In terms of hospital premises, the market is categorized into patient wards/rooms, operating rooms, diagnostic and imaging centers, external hospital lighting, ancillary service rooms (laundry, kitchen, and storage rooms), corridors, and mortuary.
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Geographically, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). North America was the leading segment in 2015 and due to the presence of strong medical infrastructure and increasing number of inpatients, the region is expected to retain its dominance until 2020. However, the Asia Pacific market for hospital lighting is poised to expand at a significant CAGR from 2014 to 2020 owing to the growth in the medical tourism sector, the presence of a large patient pool, improving healthcare infrastructure, and increasing per capita spending on healthcare services.
The report profiles the key players along with their contact information, business strategies, cost and revenue structure, and latest developments. Some of the leading players in the global hospital lighting market are Cree Lighting Inc., Drager AG, Hill-Rom Holdings Inc., KLS Martin Group, Lumax Lighting, Medisana AG, Thorn Lighting Ltd., and Zumtobel Lighting Ltd.