A recent report published by Infinium Global Research on hospital lights market provides an in-depth analysis of segments and sub-segments in the global as well as regional hospital lights market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hospital lights market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global hospital lights market. According to the report, the global hospital lights market is projected to grow at a CAGR of 5.8% over the forecast period of 2019-2025.
LED lighting plays an important role in the healthcare sector which enhances the care environment and reduces costs by saving energy and improving operational efficiency. As a result, the global hospital lights market is likely to reach new heights in the coming years. The lighting system is widely adopted inpatient wards & ICUs, operation theatres and other settings in the hospital.
The global hospital lights market is anticipated to grow significantly in the coming years, owing to the improvement in healthcare infrastructures across several emerging countries. Moreover, increasing adoption of LED lighting products such as troffers across the globe and the growing number of surgical procedures is augmenting the demand for hospital lights market. The LED lighting offers several benefits as compared to traditional lighting products which include such as low power consumption, enhanced lifespan, safety, and design flexibility, thereby, increased market growth. Additionally, the growth of this market is further increase owing to growing government supports energy efficient lighting programs in hospitals. Besides this, growing demand for energy-saving lighting systems with less amount of greenhouse gas emissions, which in turn, drives the hospital lights market. However, the high initial set up cost is expected to restrain the market growth. Furthermore, technological advancement in lighting technologies is expected to create beneficial opportunities for the hospital lights market in the coming years.
Geographically, North America is accounted to hold a significant share in the market. The factors such as upgrade of energy efficiency projects and technological advancement. For instance, getinge has announced that its Maquet PowerLED II surgical lights are available in the United States. This device is applicable for general and hybrid operating rooms. Asia-Pacific dominates the hospital lights market throughout the forecast period due to improving healthcare infrastructures over developing countries such as India, China, Japan, Brazil, and Russia.
The report on global hospital lights market covers segments such as product, technique, and application. On the basis of product, the sub-markets include surface-mounted lights, troffers, and surgical lamps. On the basis of technique, the sub-markets include fluorescent, LED, and other technologies. On the basis of application, the sub-markets include patient wards & ICUs, examination rooms, operating rooms, and other applications.
The report provides profiles of the companies in the market such as TRILUX GmbH & Co. KG, The Zumtobel Group, Koninklijke Philips N.V., Hubbell Incorporation, GE Lighting, Eaton Corporation, Cree, Inc., Acuity Brands Lighting Inc., and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hospital lights market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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