Hospital Light Market Surpass $12.6 Billion By 2026 | CAGR 6.5%

Author: Acumen Research and Consulting

Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Hospital Light Market (Product: Surface-mounted Lights, Troffers, and Surgical Lamps; Technique: Fluorescent, Halogen, and LED(Light Emitting Diode); Point of Use, Operating Rooms, Patient Wards, and ICUs, and Examination Rooms) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”, forecasts that the global market for hospital light market is expected to grow at a CAGR of around 6.5% from 2018 to 2026 and reach the market value of over $12.6 billion by 2026. Hospital lights play an important role in healthcare lighting not only in intensifying the patient experience but also in civilizing the healthcare staff’s ability to cater to the different levels required by the patients. As a consequence, the global market for hospital lighting is expected to create a benchmark across the globe. The factors responsible for booming the market growth are rising number of hospitals in developing economies, increasing acceptance of LED-based lighting products, energy-saving programs in hospitals, cheaper cost, and lower operational cost. Recently, wide use of both artificial lights and daylight systems such as lamps in lobbies, corridors of hospitals, and light fixtures are adopted, which resulted in saving 45-70% of energy this are the factors likely to spur the market growth. However, the major factor curbing the market growth is due to the safety issues related with hospital lighting systems.

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Troffers Give Platform To Grow The Hospital Lights Market During Forecast Period

Troffers are a type of lighting fixture that is placed into the ceiling to provide illumination. These troffers are the type of task lighting and are generally in commercial buildings. To create consistent lighting in a space the troffers are set in a grid pattern. Furthermore, troffers are temporarily suspended and can also be installed with a surface mount ceiling box in ceilings that don’t have room for a temporarily suspended inlet. Moreover, LED troffers are most preferable as it provides a more comfortable lighting option and can help employees or staff to better focus on tasks. As it increased design flexibility with LED lights and can be used to rise the interior design and architectural aspects of a space. However, troffers help in saving energy and improving workplace productivity which results in growing the hospital lights market during the coming years.

Latest Trends in Hospital Light Market

Light Emitting Diodes (LEDs) are the latest trends in hospital light market. They are not only energy saving lights but they are also used to check infections. LED lighting fixture is a cost efficient as LED has a longer life span and needs to change very few times. LED lights control the spreading of infection outside a particular area where the lights are installed. As, the LED fixtures are tightly packed; there is no chance to collect dust and bacteria on and around them. Moreover, the latest trend and crucial use of LED lighting are in MRI and CT scan rooms. Additionally, LED fixtures are widely used for general lighting purposes throughout the hospitals. The Led lights used in CT scan and ultrasound rooms make them ideal as the lights used are dimmable where it helps for better observation and patient comfort. Also, Led lights in MRI are harmless since they do not utilize metals that are affected by magnetic fields, nor they emit radio frequencies.

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Key Players

The global hospital light market not only studies the top key players but also takes into consideration the role of the small and medium scale enterprises. Technological advancement has given the boost to the industry which is leading to new opportunities and invites new players in form of start-ups. Some of the key players operating in the global hospital light market, profiled in the report include Acuity Brands, Inc., Cree, Inc., Drägerwerk AG & Co. KGaA, Eaton Corp. Plc, General Electric Co., Herbert Waldmann GmbH & Co. Kg, Hill-Rom Holdings, Inc., Hubbell, Inc., KLS Martin GmbH + Co. KG, Koninklijke Philips N.V., Zumtobel Group AG, and Trilux GmbH & Co. Kg and among others. Companies are focusing on expanding business through strategic acquisitions and partnerships with several end-use industries.

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