A reputed market research firm, Transparency Market Research, presents a study of the global hospital lighting market to its readers. The research report, titled “Hospital Lighting Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” gives an accurate and exact outlook of the market. It includes Porter’s five forces analysis and SWOT analysis to highlight the important factors influencing the trajectory of the global hospital lighting market. Furthermore, the market has also been studied from the political, economic, social, technological, legal, and environmental point of view. It also explains the need for efficient lighting in hospital premises and how it is being considered as an important parameter of good hospital infrastructure.
The research report segments the global hospital lighting market on the basis of technology, type, hospital premise, and geography. On the basis of technology, the global hospital lighting market is segmented into incandescent, fluorescent, and LED lighting technology. The types of lights available in the global hospital lighting market are wraparound lights, surface mount lights, troffers, emergency lights, parabolic bulbs, and others. Depending on the hospital premises, these lights are segmented into external hospital lighting and corridors, operating rooms, diagnostic and imaging centers, patient wards/rooms, mortuary, and ancillary service rooms such as kitchen, laundry, and storage rooms. Geographically, this market is segmented into Asia Pacific, North America, Europe, and Rest of the World.
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The research report states that North America is the largest consumer of hospital lighting products, as the region has a huge patient pool and a steady medical infrastructure. The strong presence of super-specialty and multi-specialty hospitals in developed nations such as the U.S., the U.K., and Canada focusing on patient-oriented services is also propelling this market. However, analysts predict that Asia Pacific will be the fastest growing market for hospital lighting from 2014 to 2020. This robust growth will be attributable to the flourishing medical tourism industry, increasing healthcare infrastructure and expenditure, and a huge patient base. The only drawback that could hamper the growth of the global hospital lighting market is the high cost of lights and longer lifespan of modern lights, which dissuades re-purchases.
Some of the important players in the global hospital lighting market are Hill-Rom Holdings, Inc., Lumax Lighting, Thorn Lighting Ltd., Zumtobel Lighting Ltd., KLS Martin Group, Drager AG, Medisana AG, and Cree Lighting, Inc. The research report profiles these companies and provides a fair picture of the competitive landscape of the global hospital lighting market. Furthermore, the research report also details the financial overview, investment outlook, research and development activities, business and marketing strategies, and product portfolio of these companies.