Press release
Hospital Lighting Market to Reach $11.2B by 2028, Driven by Research and Sustainability
Hospital Lighting Market Report
The hospital lighting market size is expected to see strong growth in the next few years. It will grow to $11.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to research and development, sustainability goals, smart hospital integration, focus on cost-effectiveness, infrastructure modernization. Major trends in the forecast period include biophilic design concepts, data-driven lighting designs, wellness-oriented design, remote monitoring and management, adaptive lighting controls.
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.
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Rising Number Of Hospitals Worldwide Boosts Hospital Lighting Market Demand
An increase in number of hospitals worldwide are 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.
Competitive Landscape -
Major companies operating in the hospital lighting market report are 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.
Introducing Innovative Hospital Lighting Solutionsby Mediland
Advancement in lighting technology is a key trend gaining popularity in the hospital lighting market. Major market players are focused on creating innovative lighting solutions that prevent the spreading of infection to gain a competitive edge in the market. For instance, In March 2021, Mediland, a Taiwan-based specialized company that focuses on providing a range of medical equipment and services, expanded its product portfolio with the technological launch of two cutting-edge offerings. Following the success of the Hyper Light, a UVC disinfection robot combating the spread of COVID-19, Mediland introduced the novel C800 electro-hydraulic operating table and the SunLED Series surgical light under the theme Feel in Control. Both products boast high-end features designed to empower surgeons, providing them with an enhanced operational experience. The C800 operating table and SunLED Series surgical light reflect Mediland's commitment to delivering advanced tools for curative, preventive, and palliative care, further solidifying its position as a player in healthcare innovation.
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Key Segments -
The 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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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