The Global business research report published on “Hospital Lighting Market – Growth Drivers, Challenges Ahead, Industry Insights, Supply, Revenue Analysis, Trends, and Forecasts 2021 -2027“. The Hospital Lighting research report covers the present scenario and the growth prospects of the global Hospital Lighting industry for 2018-2026. The report enlists several important factors, starting from the basics to advanced market intelligence which play a crucial part in strategizing. Hospital Lighting manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Hospital Lighting industry.
The report classifies the market into different segments based on technique, application and end-user. These segments are studied in detail incorporating the market estimates and forecasts at regional and country level. The segment analysis is useful in understanding the growth areas and probable opportunities of the market.
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Geographically, The market has been segmented into 5 major regions, namely: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report clears present and coming business sector patterns, development, income, deals, utilization, purchaser desires, sales, CAGR, and venture esteem. The report compares this knowledge about the market aspects with the current state of the market and discusses the forthcoming trends that have brought market progression.
Lighting is an important part of hospital infrastructure that has applications across operation theatres, wards, ICU, and others. They can be classified into an incandescent lamp, gas discharged lamps, CFL, and LED lamps. The LED lighting is the most commonly used lighting technology, because of its high luminous efficacy, long life, low power consumption, and high color rendition index. Some of the most commonly used LED lights are LED panels, LED reflector, and LED down light. The market is projected to experience significant growth on the account of continuously increasing and evolving hospital facilities.
Market – Drivers
Advantages of LED Technology over conventional lighting system also expected to fuel the growth of the hospital lighting market. According to the U.S. Department of Energy, lighting is a significant component of hospital energy use, representing over 10% of energy consumption. This leads to the increasing global demand for green technologies, which is projected to fuel the growth of the LED technology segment in the hospital lighting market because they have a long life, improved efficiency, eco-friendly, durable, and more dispersed light over conventional lightening systems. Furthermore, advancement in lighting solutions is further expected to support the market growth of the hospital lighting market. For instance, the integration of LED in intelligent lighting systems and solutions, is expected to aid in the growth of the hospital lighting market.
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Key players in the hospital lighting market could focus on growth opportunities in emerging economies such as India and China. Increasing per capita income, high incidence of lifestyle-related diseases, and ambitious medical infrastructure projects across developing countries are major factors fueling the growth of the market. Moreover, governments are taking initiatives for developing the hospital healthcare sector, in order to cater to the growing demand, which is also presumed to foster market growth. For instance, Saudi Arabia’s government allocated US$ 28.8 billion to health and social welfare, which includes funding for 11 new hospitals, 11 medical centers, and two medical complexes, on top of the 132 hospitals and healthcare centers, in 2014. This is expected to aid in the growth of the hospital lighting market in the region.
Additionally, bilateral commercial relations will also helpful in increasing the number of hospitals, thus propelling the growth of the hospital lighting market. The U.S.-U.A.E. Business Council reported that the U.A.E. has witnessed a dramatic expansion of its healthcare industry from 7 hospitals and 12 health centers to 70 public and private hospitals and 150 centers and clinics since 1971. Moreover, governmental initiatives are expected to aid in increasing the number of public and private hospitals with national and international standards. For instance, U.A.E.’s Vision 2021 aims the highest-level U.A.E. government strategic plan for “world-class healthcare” as one of its priorities. Another factor driving the growth of the hospital lighting market is contracts between hospitals and manufacturers for the supply and installation of equipment. For example, in 2012, Philips was awarded a contract to supply and install lighting equipment for Jordan’s first LEED- rated hospital.
Reasons to Purchase this Report
• Current and future of global Hospital Lighting market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
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Geographically, the hospital lighting market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to be the dominant region in the hospital lighting market and this can be attributed to the presence of well-established healthcare infrastructure. Newer technologies such as LED lighting and intelligent lighting systems are gaining high adoption in this region in this region. However, Asia Pacific is projected to be the fastest-growing region in the hospital lighting market, owing to rising governmental initiatives for expanding healthcare centers and implementing policies to favor the use of energy-efficient lighting products in the healthcare sector.
Market – Competitors
Key players operating in the hospital lighting market include Acuity Brands Lighting Inc., Cree Inc., Eaton Corporation PLC, GE Lighting, Herbert Waldmann GmbH & Co. Kg, Hubbell Incorporation, KLS Martin Group, Koninklijke Philips N.V., Trilux Lighting Ltd., and Zumtobel Group AG.
By Product Type
- Surface-Mounted Lights
- Surgical Lamps
- Other Products
- Fluorescent Technology
- LED Technology
- Solar Power Technology
- Other Technologies
- Patients Ward Light
- Operation Theatre Light
- Examination Light
- Minor Surgical Light
- Other Applications
- North America
- Latin America
- Asia Pacific
- Middle East
Table of Content
Global Hospital Lighting Market Research Report
Section 1: Global Hospital Lighting Industry Overview
Section 2: Global Economic Impact on Hospital Lighting Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Hospital Lighting Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Hospital Lighting Market Forecast
Major Point Answered in Hospital Lighting Market Research Study are: –
• What will the market growth rate, Overview and Analysis by Type of Hospital Lighting market in 2026?
• What are the key factors driving, Analysis by Applications and Countries Hospital Lighting market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Hospital Lighting market?
• Who are Opportunities, Risk and Driving Force of Hospital Lighting market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
• Who are the key vendors in Hospital Lighting market space? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Hospital Lighting market opportunities and threats faced by the vendors in the market?
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