What Does the Historical and Current Hospital Lighting Market Size Trend Indicate?
The hospital lighting market has seen considerable growth due to a variety of factors.
• Over the past few years, the hospital lighting market has seen significant growth. The market size is projected to expand from $8.29 billion in 2024 to $8.78 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.9%. Factors such as energy efficiency, regulatory standards, patient-focused lighting, decreased hospital-related infections, and surgical precision have contributed to the growth during the historic period.
How Will the Hospital Lighting Market?
The Hospital Lighting market is expected to maintain its strong growth trajectory in upcoming years.
• We anticipate a substantial surge in the hospital lighting market in the approaching years, projecting a growth to $11.82 billion by 2029 with a compound annual growth rate (CAGR) of 7.7%.
This expansion during the forecast period can be ascribed to factors like research and development efforts, sustainable objectives, incorporation of smart hospitals, emphasis on cost-efficiency, and refurbishment of infrastructure. The upcoming trends within this forecast timeframe include biophilic design principles, data-inspired lighting layouts, designs centered on wellness, remote monitoring and management, and flexible lighting controls.
Which Factors Are Boosting Growth In The Hospital Lighting Market?
The global surge in hospital constructions is set to fuel the hospital lighting market. Hospitals form a critical part of the evolution of a healthcare system. Presently, the stimulation for hospital infrastructure comes from external influences, flaws in healthcare systems, and shortcomings in the hospital sector, which are evident in various regions worldwide. An upswing in hospital constructions directly impacts the demand for hospital lighting, aiming to create a functional or visually pleasing environment within and outside the hospital. As per the Office for National Statistics, a statistics organization based in the UK, the UK's healthcare expenditure hit around $354.88 billion (£283 billion) in 2022, marking a nominal surge of 0.7% compared to the expenditures in 2021. Consequently, the escalating numbers of primary healthcare facilities and hospitals will push the hospital lighting market's demand.
What Key Areas Define The Segmentation Of The Global Hospital Lighting Market?
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
Subsegments:
1) By Troffers: LED Troffers, Fluorescent Troffers
2) By Surface-Mounted Lights: LED Surface-Mounted Lights, Traditional Surface-Mounted Lights
3) By Surgical Lamps: LED Surgical Lamps, Halogen Surgical Lamps, Mobile Surgical Lamps
4) By Other Products: Exam Room Lights, Emergency Lighting, Cove Lighting
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How Are Emerging Trends Reshaping The Dynamics Of The Hospital Lighting Market?
Progress in lighting technology is emerging as a significant trend in the hospital lighting market. Leading market participants are striving to develop groundbreaking lighting solutions that deliver outstanding visibility and accuracy during medical procedures to obtain a competitive market advantage. For example, in April 2024, Nanchang Micare Medical Equipment Co., Ltd., a firm based in China that manufactures surgical lighting and medical examination lamps, debuted the Multi-Color Plus Series surgical light. This series, which employs innovative multi-color technology, is designed to revolutionize the surgical lighting landscape. This unique series provides adjustable color temperatures, guaranteeing unmatched visibility and accuracy during medical treatments. The sleek design and cutting-edge functionality of the Multi-Color Plus Series set new benchmarks in surgical lighting and provides healthcare professionals with a critical tool to improve performance and results.
Who Are the Key Players In The Hospital Lighting Market?
Major companies operating in the hospital lighting market include:
• 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
• Halma PLC
• JVS Technologies Pvt Ltd.
• Healthcare Lighting Solutions
What Is The Most Dominant Region In The Hospital Lighting Market?
North America was the largest region in the hospital lighting market in 2024. Europe was the second-largest region in the hospital lighting market. The regions covered in the hospital lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
