Hospital Lighting System Market to Reach $8.5 Billion by 2023

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Hospital Lighting System Market to Reach 8.5
Billion by 2023
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Hospital Lighting System Market
The global hospital lighting system market is
expected to grow at a CAGR of 7.6 during the
forecast period. Hospital lighting system
overcomes the built-in constraints of traditional
lighting solutions, which use high-intensity
discharge (HID), incandescent, and halogen
lights. It offers numerous benefits over
conventional lighting solutions, including
energy-efficiency, longer lifespan and
durability. Hospital lighting systems are used
for wide-ranging applications, including patient
wards suites, surgical suites, diagnostic
imaging center, lobbies, corridors, and parking
areas garages. Price reduction of LED
technology has elevated its demand in several
application segments. Browse Report Description
with Detailed TOC on Hospital Lighting System
Market by Product (Troffers, Surface Mounted,
Surgical, Wraparound), by Technology (LED,
Fluorescent, Incandescent), by Application
(Patient Ward Suites, Diagnostic Imaging
Center, Surgical Suites, Parking Areas
Garages), by Geography (US, Canada, UK, Germany,
France, Italy, China, Japan, India, Indonesia,
Brazil, Mexico, Argentina, Colombia, UAE, Saudi
Arabia, Qatar) Global Market Size, Share,
Development, Growth and Demand Forecast,
2013-2023 at https//www.psmarketresearch.com/ma
rket-analysis/hospital-lighting-market
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Hospital Lighting System Market
The adoption of troffers is witnessing a rapid
growth, as they are used in patient wards,
corridors and stairs in hospitals. They offer
superior color quality as compared to traditional
hospital lighting, do not require ceiling
alterations, and offer high efficiency, thereby
cutting energy consumption to 50. As
multi-specialty hospitals are considered 247
work places, due to which they have continuous
lighting requirement. The increasing number of
such hospitals have been opening opportunities
for surface mounted lights, as they have high
usage of such lights. This factor will further
accelerate the demand of surface mounted lights
across the globe, during the forecast period.
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Hospital Lighting System Market
Insights on market segments
As per the findings of the research, troffers
light is the leading product category in terms of
size. During the forecast period, surface mounted
lights is projected to exhibit the fastest
growth, attributed to flexibility, high
performance and alluring designs. Based on
technology, LED holds the largest market due to
its application in multiple areas, as they offer
energy efficiency with a longer lifespan of the
product. The market for fluorescent technology is
also expected to show a robust growth in coming
years as they offer good selection of color
temperature, offering uniform lighting with less
harsh shadows. The hospital lighting system
witnessed largest application in patient wards
suites. Government and private players of the
healthcare industry in the developing countries
are investing heavily in the hospital lighting
system. During the forecast period, the market
for surgical suites, which include wide range of
lighting devices with different color rendering
index, are expected to witness the fastest growth.
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Hospital Lighting System Market
The market to witness fastest growth in Europe
During the forecast period, the fastest growth in
hospital lighting system market is expected in
Europe, owing to the increasing penetration of
latest lighting solutions for healthcare
institutes. Hospitals in Europe are looking for
lighting solutions that can reduce energy
consumption to 60 and thus bringing down the
operating cost of the medical facilities. With
some of the best healthcare institutes, such as
Nuffield Health Bristol Hospital, Vale Hospital
and Asklepios Clinic Barmbek, already using the
efficient lighting solution, the region holds a
plethora of opportunities and will drive the
demand for advanced hospital lighting system.
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Hospital Lighting System Market
Increasing number of healthcare institutions
The increasing investment in healthcare
institutions by the government of various
countries is a prime factor behind the growth of
the hospital lighting system market. Increased
investment in troffer lights, along with large
capital funding for surgical suites in case of
emergency in developing countries, is driving the
growth of the market. Recently, the government of
India and other private players of healthcare
sector in the country, have started investing
heavily to offer better lighting system as a part
of smart hospitals and healthcare institutes,
which will drive the demand for advanced lighting
products. The government along with private
sector companies, is expected to invest heavily
in enhancing healthcare infrastructure in the
country, which will give boost to the market in
the next five to six years.
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Hospital Lighting System Market
Adoption of solid state lighting in hospitals
The demand for hospital lighting system has
increased owing to infrastructural development of
multispecialty hospitals across countries. The
use of advanced lighting system is witnessing a
rapid growth in hospitals due to the wide
adoption of the lighting products in various
hospital applications. The major trends observed
in this industry include adoption of solid state
lighting and government focus towards energy
efficient lighting in hospitals. Solid state
lighting is one of the latest technologies that
use semi-conducting material to convert
electricity into lighting. It is gaining adoption
globally because of its unique features that help
address the major challenges related to energy
consumption and lower greenhouse gas emissions.
Solid state lighting is a broader term which
includes lamps and luminaire that use
light-emitting diodes and organic light emitting
diodes (OLED). Solid state lighting reduces the
consumption of lighting energy in hospitals by
nearly half, resulting in superior performance
with high cost saving. The key drivers that will
drive the demand for solid state lighting in
hospitals include energy efficiency, environment
protection, lifetime longevity and safety.
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Hospital Lighting System Market
High implementation cost to affect the growth of
hospital lighting system market
The implementation of hospital lighting system is
a costly process. Apart from the highly priced
fixtures, the cost of individual lighting
products is usually very high, which consequently
increases the initial capital cost. Moreover,
exposure of hospital lighting to high
temperatures may at times result in product
failures and poses a key hurdle in the adoption
of hospital lighting system.
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Hospital Lighting System Market
A highly consolidated market
The research states that the global hospital
lighting system market is highly competitive,
with players offering advanced lighting
solutions. Some of the major companies operating
in the market include General Electric, Philips
Lighting AG, Osram Licht AG, Acuity Brand, Cree
Inc., Zumtobel Group AG, Hubbell Lighting Inc.,
Herbert Waldmann GmbH, Trilux GmbH and Orion
Energy System. Most of the major vendors are
actively focusing on enhancing their offerings to
meet the ongoing demand for advanced hospital
lighting system solutions.
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Hospital Lighting System Market
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ospital-lighting-market/report-sample
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