What Has Been The Historical And Current Growth Of The Hospital Lights Market?
The hospital lights market has seen considerable growth due to a variety of factors.
• The size of the hospital lights market has experienced substantial growth lately. This expansion is anticipated to continue, elevating from a value of $9.55 billion in 2024 to $10.37 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. Various factors have contributed to this growth during the historic period, including an emphasis on patient comfort, requirements for energy efficiency, precision in surgery, regulatory adherence, lighting focused on the patient, escalation in healthcare spending, and architectural and aesthetic considerations.
What Is The Forecast For The Hospital Lights Market?
The Hospital Lights market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for hospital lights is anticipated to experience significant growth over the forthcoming years, with projections suggesting it will reach $14.98 billion in 2029, boasting a compound annual growth rate (CAGR) of 9.6%.
The anticipated growth during the forecast period is largely due to the increase in healthcare facilities, improved control systems, adherence to sustainable lighting practices, the design of lighting for behavioural health spaces, the bespoke adaptation of lighting for various hospital spaces, and the compliance with lighting standards. Upcoming trends for the predicted period include the dominance of LED technology, the option of adjustable colour temperature, the integration of intelligent lighting systems, the rising use of indirect lighting, wireless controls and the inclusion of IoT.
What Are The Essential Drivers Behind The Growth Of The Hospital Lights Market?
The hospital lights market is expected to be boosted by the increasing number of hospitals. These establishments, which are designed and equipped for diagnosing diseases, treating the sick and injured medically and surgically, and providing accommodation during these procedures, require effective lighting. Hospital lights offer sufficient illumination for medical personnel, function as a signaling apparatus during any occurrence, and minimize disturbance to patients while they sleep. As an example, a 2022 survey by the American Hospital Association, a healthcare industry trade group in the US, revealed that there are 6,093 total hospitals and 5,139 community hospitals in the country. As a result, the expansion of the hospital lights market is being fueled by the rising number of hospitals.
How Is The Global Hospital Lights Market Divided Into Key Segments?
The hospital lights 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, Surgical Suites, Examination Rooms, Other Applications
Subsegments:
1) By Troffers: LED Troffers, Fluorescent Troffers, Smart Troffers
2) By Surface-Mounted Lights: LED Surface-Mounted Lights, Traditional Surface-Mounted Lights, Adjustable Surface-Mounted Lights
3) By Surgical Lamps: LED Surgical Lamps, Halogen Surgical Lamps, Shadowless Surgical Lamps
4) By Other Products: Exam Room Lights, Emergency And Exit Lights, Cove Lighting, Portable Lighting Solutions
Pre-Book The Hospital Lights Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Hospital Lights Market?
Product advancement is a principal trend in the market of hospital lighting. Key entities in the hospital lighting sector focus on generating innovative product solutions to augment their market position. For instance, Vode Lighting, an American firm specializing in the production of adaptive lighting systems, unveiled its novel family of adaptive lighting solutions known as "Wedge" in July 2024. This groundbreaking product lineup, including "Peak" and "Slope", provides architects and designers with unparalleled creative possibilities due to its distinctive triangular shape and cutting-edge optics. Keeping up with the ease of installation and versatile mounting possibilities indigenous to Vode's revolutionary lighting systems, the Wedge series enhances any space with a blend of sophistication and functionality.
Who Are the Key Players In The Hospital Lights Market?
Major companies operating in the hospital lights market include:
• Koninklijke Philips N.V.
• The Zumtobel Group
• Wolfspeed Inc.
• Signify N.V.
• Acuity Brands Inc.
• Skytron LLC
• S.I.M.E.O.N. Medical GmbH & Co. KG
• General Electric Company
• Hubbell Incorporated
• KLS Martin Group
• Brandon Medical Co. Ltd.
• Best Lighting Products Inc.
• Kenall Manufacturing
• Shenzhen Comen Medical Instruments Co. Ltd.
• Medifa
• Hill-Rom Holdings Inc.
• Eaton Corporation
• Osram Licht AG
• Cooper Lighting Solutions
• Dialight PLC
• LEDVANCE GmbH
• Stryker Corporation
What Are The Regional Insights Into The Hospital Lights Market?
North America was the largest region in the hospital lights market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hospital lights market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
