Product Code: TIPRE00010965
The Hospital Lights market is expected to grow from US$ 5,432.01 million in 2021 to US$ 9,765.09 million by 2028; it is estimated to grow at a CAGR of 8.7% from 2021 to 2028.
Hospitals are an inseparable part of the healthcare delivery system. The development of new hospitals will drive the demand for lighting systems, thus creating growth opportunities for the hospital lighting market players. Europe has proposed a series of investment plans in 2021 for hospital infrastructure development to make healthcare more accessible in underdeveloped and developed areas. These plans include Hospitacite Hospital Complex Redevelopment, Lorrach Central Hospital campus Development, Lorrach Central Hospital campus Development, etc. Moreover, an increase in product development and the presence of various key hospital lights market players offering LED lights for surgical rooms will also contribute to the growth of the market. For example, Integra LifeSciences launched a new Codman specialty surgical device in April 2019, which is incorporating the Integra Duo LED surgical lamp. LED surgical lights are also preferred by ambulatory surgery centers because they are more energy-efficient, consume less energy, and have longer shelf lives than halogen lights. Moreover, governments are providing incentives and subsidies for replacing old lamps with LED troffer goods, allowing for greater adoption of LED products worldwide, and further driving the demand for troffer lights.
Further, a continuous rise in investments by local and federal bodies to increase the number of hospitals across the region and upgrade the existing hospital facilities is favoring the hospital lights market progress. The US has heavily invested in the expansion and construction of hospitals over the decade. According to the US Department of Health & Human Services, a few of the hospital infrastructure projects in the US as of October 2021 are as follows:
The Boston Planning and Development Agency approved a 1 million-square-foot expansion for Massachusetts General Hospital in October 2021, worth US$ 2 billion.
In September 2021, the academic medical center announced the first phase of Tampa General Hospital's expansion plan worth US$ 550 million.
The Kaiser Permanente and Providence Southern California announced their plan to jointly construct a hospital in Victorville, California, with an investment of US$ 1 billion; the hospital is expected to start operations by 2028.
Such initiatives by the local and federal governments across the region to strengthen their healthcare infrastructure are driving the demand for efficient lighting.
The COVID-19 had a significant impact on the electronics and semiconductors industry in 2020 and 2021. Moreover, lockdown measures taken by many countries across the world hampered hospital construction activities, mainly due to disruptions in supply chains. Thus, the hospital lights market experienced a slight decline in its growth pace in 2020 and 2021. However, the increasing initiatives to develop various regional hospitals are favoring the hospital lights market performance on the demand side. In 2020, Abu Dhabi Health Services Company (SEHA) established Mohammed bin Zayed City hospitals in Abu Dhabi and the Emirates Humanitarian City. Moreover, the post-Covid-19 scenario has accelerated the investment towards hospitals infrastructure development and renovation, which will drive the hospital lights market. For instance, in 2021 the government of Europe has announced approx. 4.1 billion USD to build 40 hospitals by 2030. For instance, in 2021, England has built temporary hospitals to help cope with rising coronavirus cases. In the third quarter of 2021, the redevelopment of Hospitacite Hospital Complex was started and development of various hospital such as Lorrach Central Hospital campus, Galliera Hospital, and others will drive the demand of hospital lights and eventually drives the hospital lights market share. In addition, in 2022, the Government of China decided to set up at least two to three temporary hospitals to treat COVID-19 patients in Beijing. Furthermore, according to Pune Municipal Corporation (PMC) in India, ~INR 2 crore was approved in 2022 for the pending infrastructure work of a newly built municipal hospital in the Hadapsar area for providing COVID treatment... Thus, resuming of old projects and development of new hospital projects is further driving the hospital lights market size growth.
The hospital lights market is segmented on the basis of product type, technology, and application. Based on product type, the market is segmented into troffer, surface-mounted lights, surgical lamps, and others. Based on technology, the hospital lights market is segmented into fluorescent technology, LED technology, and others. In 2021, the LED technology segment led the market and accounted for the largest market share. Based on application, the hospital lights market is segmented into patient wards and ICUs, surgical suites, examination rooms, and others. In 2021, the patient wards and ICUs segment led the market and accounted for the largest market share. Geographically, the hospital lights market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the market.
The key players operating in the global hospital lights market and profiled in the market study include Signify Holding (Philips); ACUITY BRANDS, INC.; Cree Lighting; Dragerwerk AG & Co. KGaA; KLS Martin Group; Stryker Corporation; GE Current; Hubbell Incorporated; Trilux GMBH & Co. KG; Zumtmarketobel Lighting GMBH; Effe; Tulip; Planet Lighting; and Eagle Lighting Australia Private Ltd.
The overall hospital lights market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the hospital lights market. The process also serves the purpose of obtaining an overview and forecast for the hospital lights market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the available data and gain more analytical insights. The participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the hospital lights market.
Reasons to Buy:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Hospital Lights market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global Hospital Lights market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Hospital Lights Market- Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Hospital Lights Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America - PEST Analysis
- 4.2.2 Europe - PEST Analysis
- 4.2.3 Asia Pacific - PEST Analysis
- 4.2.4 MEA - PEST Analysis
- 4.2.5 South America - PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
5. Hospital Lights Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Government Initiatives to Improve Energy Efficiency in Hospitals
- 5.1.2 Increasing Demand for High-performance LED Lighting During Surgeries
- 5.2 Market Restraints
- 5.2.1 Limited Product Development in the Field of Hospital Lights
- 5.3 Market Opportunities
- 5.3.1 Increasing Infrastructure Development of Hospitals
- 5.4 Future Trends
- 5.4.1 Rising Adoption of Energy-Efficient Solar-Based LED Lighting
6. Hospital Lights- Global Market Analysis
- 6.1 Global Overview
- 6.2 Global Hospital Lights Market Forecast and Analysis
- 6.3 Market Positioning of Key Players
7. Hospital Lights Market Analysis - By Product Type
- 7.1 Overview
- 7.2 Hospital Lights Market, By Product Type (2020 and 2028)
- 7.3 Troffer
- 7.3.1 Overview
- 7.3.2 Troffer: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4 Surface Mounted Light
- 7.4.1 Overview
- 7.4.2 Surface Mounted Light: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 7.5 Surgery Lamps
- 7.5.1 Overview
- 7.5.2 Surgery Lamps: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
8. Hospital Lights Market Analysis - By Technology
- 8.1 Overview
- 8.2 Hospital Lights Market, By Technology (2020 and 2028)
- 8.3 Fluorescent Technology
- 8.3.1 Overview
- 8.3.2 Fluorescent Technology: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 LED Technology
- 8.4.1 Overview
- 8.4.2 LED Technology: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 8.5 Others
- 8.5.1 Overview
- 8.5.2 Others Application: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
9. Hospital Lights Market Analysis - By Application
- 9.1 Overview
- 9.2 Hospital Lights Market, By Application (2020 and 2028)
- 9.3 Patient Wards and ICUs
- 9.3.1 Overview
- 9.3.2 Patient Wards and ICUs: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4 Surgical Suites
- 9.4.1 Overview
- 9.4.2 Surgical Suites: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5 Examination Rooms
- 9.5.1 Overview
- 9.5.2 Examination Rooms: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
10. Hospital Lights Market - Geographic Analysis
- 10.1 Overview
- 10.2 North America: Hospital Lights Market
- 10.2.1 North America: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.2 North America: Hospital Lights Market, by Product Type
- 10.2.3 North America: Hospital Lights Market, by Technology
- 10.2.4 North America: Hospital Lights Market, by Application
- 10.2.5 North America: Hospital Lights Market, by Key Country
- 10.2.5.1 US: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.5.1.1 US: Hospital Lights Market, by Product Type
- 10.2.5.1.2 US: Hospital Lights Market, by Technology
- 10.2.5.1.3 US: Hospital Lights Market, by Application
- 10.2.5.2 Canada: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.5.2.1 Canada: Hospital Lights Market, by Product Type
- 10.2.5.2.2 Canada: Hospital Lights Market, by Technology
- 10.2.5.2.3 Canada: Hospital Lights Market, by Application
- 10.2.5.3 Mexico: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.5.3.1 Mexico: Hospital Lights Market, by Product Type
- 10.2.5.3.2 Mexico: Hospital Lights Market, by Technology
- 10.2.5.3.3 Mexico: Hospital Lights Market, by Application
- 10.3 Europe: Hospital Lights Market
- 10.3.1 Europe: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.2 Europe: Hospital Lights Market, by Product Type
- 10.3.3 Europe: Hospital Lights Market, by Technology
- 10.3.4 Europe: Hospital Lights Market, by Application
- 10.3.5 Europe: Hospital Lights Market, by Key Country
- 10.3.5.1 France: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.1.1 France: Hospital Lights Market, by Product Type
- 10.3.5.1.2 France: Hospital Lights Market, by Technology
- 10.3.5.1.3 France: Hospital Lights Market, by Application
- 10.3.5.2 Germany: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.2.1 Germany: Hospital Lights Market, by Product Type
- 10.3.5.2.2 Germany: Hospital Lights Market, by Technology
- 10.3.5.2.3 Germany: Hospital Lights Market, by Application
- 10.3.5.3 Italy: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.3.1 Italy: Hospital Lights Market, by Product Type
- 10.3.5.3.2 Italy: Hospital Lights Market, by Technology
- 10.3.5.3.3 Italy: Hospital Lights Market, by Application
- 10.3.5.4 UK: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.4.1 UK: Hospital Lights Market, by Product Type
- 10.3.5.4.2 UK: Hospital Lights Market, by Technology
- 10.3.5.4.3 UK: Hospital Lights Market, by Application
- 10.3.5.5 Russia: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.5.1 Russia: Hospital Lights Market, by Product Type
- 10.3.5.5.2 Russia: Hospital Lights Market, by Technology
- 10.3.5.5.3 Russia: Hospital Lights Market, by Application
- 10.3.5.6 Rest of Europe: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.5.6.1 Rest of Europe: Hospital Lights Market, by Product Type
- 10.3.5.6.2 Rest of Europe: Hospital Lights Market, by Technology
- 10.3.5.6.3 Rest of Europe: Hospital Lights Market, by Application
- 10.4 APAC: Hospital Lights Market
- 10.4.1 APAC: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.2 APAC: Hospital Lights Market, by Product Type
- 10.4.3 APAC: Hospital Lights Market, by Technology
- 10.4.4 APAC: Hospital Lights Market, by Application
- 10.4.5 APAC: Hospital Lights Market, by Key Country
- 10.4.5.1 Australia: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.1.1 Australia: Hospital Lights Market, by Product Type
- 10.4.5.1.2 Australia: Hospital Lights Market, by Technology
- 10.4.5.1.3 Australia: Hospital Lights Market, by Application
- 10.4.5.2 China: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.2.1 China: Hospital Lights Market, by Product Type
- 10.4.5.2.2 China: Hospital Lights Market, by Technology
- 10.4.5.2.3 China: Hospital Lights Market, by Application
- 10.4.5.3 India: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.3.1 India: Hospital Lights Market, by Product Type
- 10.4.5.3.2 India: Hospital Lights Market, by Technology
- 10.4.5.3.3 India: Hospital Lights Market, by Application
- 10.4.5.4 Japan: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.4.1 Japan: Hospital Lights Market, by Product Type
- 10.4.5.4.2 Japan: Hospital Lights Market, by Technology
- 10.4.5.4.3 Japan: Hospital Lights Market, by Application
- 10.4.5.5 South Korea: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.5.1 South Korea: Hospital Lights Market, by Product Type
- 10.4.5.5.2 South Korea: Hospital Lights Market, by Technology
- 10.4.5.5.3 South Korea: Hospital Lights Market, by Application
- 10.4.5.6 Rest of APAC: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.5.6.1 Rest of APAC: Hospital Lights Market, by Product Type
- 10.4.5.6.2 Rest of APAC: Hospital Lights Market, by Technology
- 10.4.5.6.3 Rest of APAC: Hospital Lights Market, by Application
- 10.5 MEA: Hospital Lights Market
- 10.5.1 MEA: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.2 MEA: Hospital Lights Market, by Product Type
- 10.5.3 MEA: Hospital Lights Market, by Technology
- 10.5.4 MEA: Hospital Lights Market, by Application
- 10.5.5 MEA: Hospital Lights Market, by Key Country
- 10.5.5.1 South Africa: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.5.1.1 South Africa: Hospital Lights Market, by Product Type
- 10.5.5.1.2 South Africa: Hospital Lights Market, by Technology
- 10.5.5.1.3 South Africa: Hospital Lights Market, by Application
- 10.5.5.2 Saudi Arabia: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.5.2.1 Saudi Arabia: Hospital Lights Market, by Product Type
- 10.5.5.2.2 Saudi Arabia: Hospital Lights Market, by Technology
- 10.5.5.2.3 Saudi Arabia: Hospital Lights Market, by Application
- 10.5.5.3 UAE: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.5.3.1 UAE: Hospital Lights Market, by Product Type
- 10.5.5.3.2 UAE: Hospital Lights Market, by Technology
- 10.5.5.3.3 UAE: Hospital Lights Market, by Application
- 10.5.5.4 Rest of MEA: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.5.4.1 Rest of MEA: Hospital Lights Market, by Product Type
- 10.5.5.4.2 Rest of MEA: Hospital Lights Market, by Technology
- 10.5.5.4.3 Rest of MEA: Hospital Lights Market, by Application
- 10.6 SAM: Hospital Lights Market
- 10.6.1 SAM: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.2 SAM: Hospital Lights Market, by Product Type
- 10.6.3 SAM: Hospital Lights Market, by Technology
- 10.6.4 SAM: Hospital Lights Market, by Application
- 10.6.5 SAM: Hospital Lights Market, by Key Country
- 10.6.5.1 Brazil: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.5.1.1 Brazil: Hospital Lights Market, by Product Type
- 10.6.5.1.2 Brazil: Hospital Lights Market, by Technology
- 10.6.5.1.3 Brazil: Hospital Lights Market, by Application
- 10.6.5.2 Argentina: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.5.2.1 Argentina: Hospital Lights Market, by Product Type
- 10.6.5.2.2 Argentina: Hospital Lights Market, by Technology
- 10.6.5.2.3 Argentina: Hospital Lights Market, by Application
- 10.6.5.3 Rest of SAM: Hospital Lights Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.5.3.1 Rest of SAM: Hospital Lights Market, by Product Type
- 10.6.5.3.2 Rest of SAM: Hospital Lights Market, by Technology
- 10.6.5.3.3 Rest of SAM: Hospital Lights Market, by Application
11. Hospital Lights Market - COVID-19 Impact Analysis
- 11.1 Overview
- 11.2 North America: Impact Assessment of COVID-19 Pandemic
- 11.3 Europe: Impact Assessment of COVID-19 Pandemic
- 11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
- 11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
- 11.6 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
- 12.1 Market Initiative
- 12.2 Merger and Acquisition
- 12.3 New Development
13. Company Profiles
- 13.1 Signify Holding (Philips)
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 ACUITY BRANDS, INC.
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Cree Lighting
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Dragerwerk AG & Co. KGaA
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 KLS Martin Group
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Stryker Corporation
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 GE Current
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Hubbell Incorporated
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Trilux GMBH & Co. KG
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Zumtobel Lighting GMBH
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
14. Appendix
- 14.1 About The Insight Partners
- 14.2 Glossary