According to a recent report published by Reports Monitor, Global Hospital Lighting Market is estimated to grow at a significant CAGR over the forecast period.
Lighting is a part of the healthcare infrastructure; it is used in wards, ICU, operation theaters, and other healthcare infrastructures. Manufacturers are focusing on developing innovative products to increase the efficiency and reduce cost. Some of these products are LED lamps, CFL, gas discharged lamps, and incandescent lamp. LED lighting is mostly used in lighting technology, because of its high color rendition index, low power consumption, long life and high luminous efficacy. Commonly used lights among LED s are LED downlight, LED reflector, and LED panels. The global hospital lighting market is expected to grow because of the continuous innovation and increasing number of new hospitals.
Improving healthcare infrastructure facilities across emerging economies is the major factor that drives the global hospital light market. The government of countries such as Russia, Brazil, Japan, India and China provide care to citizens and offers subsidies by which the number of hospitals is increasing. Modern hospitals are focusing on utilizing energy efficiently, therefore are restoring the advance lighting devices. LED-based lighting lasts longer than alternatives and offers better performance. Hence, there is an increase in demand for adopting LED-based lighting that enhances the growth of global hospital lighting market. Additionally, contracts between manufacturers and hospitals for supply and installation of the equipment drive the growth of the market. On the other hand, the high cost of the devices is the major restraint for the market. The vendors of the market have the opportunities to progress vastly into emerging economies of India and China.
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Government initiatives are expected to increase the number of private and public hospitals along with international and national standards. The U.S. and the U.A.E. Business Council reported that U.A.E. has witnessed expansion in the healthcare industry to 70 private and public hospitals and 150 clinics and centers from 7 hospitals and with 12 health centers since 1971. The U.A.E aims at world-class healthcare by 2021 by deploying various government strategic plans. The bilateral commercial relation will help to increase the number of hospitals that will propel the growth of the global hospital lighting market.
Market Driven Community Corporation (MCCD), in April 2017, announced signing contract with Rochester General Hospital for installing LED lighting systems. Global hospital lighting market has additionally been witnessing mergers, partnerships, and collaborations. For example, Kenall Manufacturing launched Indigo-Clean product in 2015, using environmental disinfection technology. This product has technology which continuously disinfects environment. Such technological advancement will drive demand for hospital lighting.
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Based on region, the global Skincare device market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Newer technologies along with LED lighting and the intelligent lighting systems have high demand in the North American market. The Asia Pacific is also expected to grow faster due to governmental initiatives in healthcare centers and different policies to use energy-efficient lighting products in the healthcare division.
Major players in the market are Zumtobel Group AG, Acuity Brands Lighting Inc., Trilux Lighting Ltd., Cree Inc., Koninklijke Philips N.V., Eaton Corporation PLC, KLS Martin Group, GE Lighting, Hubbell Incorporation, and Herbert Waldmann GmbH & Co. Kg among others.
This report provides analysis of the hospital lighting market that contains current industry trends, market size, market growth and demands, major players with their key strategies. It covers growth opportunities and market canvas in the coming years. The report has been made with an in-depth analysis along with inputs from the various industry experts. The research has been carried out with primary and secondary data sources and either supporting bottom-up or top-down approach.
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Global Composite Testing Market Segmentation:
By Point of use
•Patient Wards and ICUs
•North America (U.S and Canada and rest of North America)
•Europe (Germany, France, Italy and Rest of Europe)
•Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
•LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
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