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.