Hospital Lighting System Market Size, Share, Trends, Application, Demand, Key Players and Growth by 2023

15/mag/2018 13:36:32 Nasir Jones Contatta l'autore

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The  hospital lighting system  is expected to reach $ 8.5 billion by 2023, growing at a CAGR of 7.6% between 2017-2023. The Increasing investment in lighting of hospitals by go vernment and private players is one of the first growth factors of its market. Lighting in hospitals can affect performance, well-being and patient health. It also makes it easier to offer better treatment for faster recovery.

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In terms of application, the hospital lighting system has been categorized as surgical suites, patent wards & suites, diagnostic & imaging centers, parking areas & garages and others. The hospital lighting industry for patient wards & suites accounts for the largest revenue. Government and private players of the healthcare industry in the developing countries are investing heavily in the hospital lighting system.

The market for surgical suites, which includes a wide range of lighting devices with different color rendering indexes, are expected to witness the fastest growth. The market for hospital lighting systems are expected to show up for the risk of crime and notorious activities.

Adequate levels of light for treatment and recovery. The growing adoption of safe energy in hospitals through innovative product technology and product design, with minimum amount of greenhouse gas emissions resulting in minimum global warming, is anticipated to drive the hospital lighting system market across the globe. Also, the lighting systems in hospitals are now shifting towards the balance between natural and artificial lights in lobbies and corridors of hospitals, which results in 45-70% of light saving, making the lighting system more energy efficient.

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The fastest growth in hospital lighting system is expected in Europe, owing to the increasing penetration of the latest lighting solutions for healthcare institutes. Hospitals in Europe are looking for lighting solutions that can reduce energy consumption to 60%. With the best healthcare institutes , such as Nuffield Health Bristol Hospital, Vale Hospital and Asklepios Clinic Barmbek, the region holds a plethora of opportunities and will drive the demand for the advanced hospital lighting system.

North America contributes greater revenue to the global hospital in the forecast period. The North American market for hospital lighting was valued at $ 2.2 billion in 2016 and is expected to cross $ 3.6 billion by 2023, growing at a CAGR of 7.4% between 2017-2023. Among the North American countries, the US has been the largest contributor to the region.

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Some of the major companies operating in the hospital lighting system 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 systems solutions.

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