Global Hospital Lights Market: Overview
The global hospital lights market is predicted to rake in a growing demand due to several benefits over traditional lighting solutions such as longer durability and lifespan and energy efficiency. Hospital lighting systems are prophesied to outclass the built-in restrictions of conventional lighting solutions. The LED technology experiencing a price reduction could elevate its demand in different applications of hospital lights. However, troffers are projected to testify a rapid growth in demand on account of their high efficiency, energy consumption reduction, no requirement of ceiling alterations, superior color quality, and wide range of applications.
The report provides a deep insight into some of the crucial aspects of the global hospital lights market while offering a vital analysis on its critical segments, growth patterns, competitive landscape, and factors affecting its growth. Buyers of the report are foretold to be equipped with a competitive tool to outstrip their competitors in the market.
Global Hospital Lights Market: Dynamics
The world hospital lights market is envisioned to bank on the rising investments in healthcare organizations initiated by the governments of various nations around the globe. The growth of the market could be driven by significant capital funding by emerging countries to facilitate surgical suites for emergency cases. While this could hold true for the market, troffers hospital lights receiving hefty investments are anticipated to boost the demand in the market. For instance, the government and private healthcare industry players in India are making weighty investments for bettering the lighting systems in smart healthcare organizations and hospitals.
Even developed regions such as Europe are experiencing a surging penetration of advanced lighting solutions in the hospital lights market. Healthcare institutes in Europe are raising the demand for lighting solutions that could reduce the operating cost and energy consumption to a 60.0%.
Global Hospital Lights Market: Segmentation
The international hospital lights market is prognosticated to be segmented into three important segments, viz. troffers, surface-mounted lights, and surgical lamps, according to type of product. As per segmentation by technique, the market could be divided into fluorescent, light-emitting diode (LED), and halogen hospital lights. By point of use, there could be segments such as patient wards and intensive care units (ICUs), operating rooms, and examination rooms. Geographically, the market is envisaged to be classified into North America, Latin America, Europe, Japan, Asia Pacific except Japan (APEJ), and the Middle East and Africa (MEA).
Among the higher revenue earning markets for hospital lights could be troffers expected to accumulate a US$3.9 bn by 2022 end and North America which could grow at a 6.2% CAGR during the forecast timeframe 2017–2022.
Global Hospital Lights Market: Competition
The report analyzes key industry players for the worldwide hospital lights markets. Companies such as 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 could make a mark in the market.
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