Hospital Lighting System Market Report: Trends, Forecast and Competitive Analysis to 2030

Hospital Lighting System Trends and Forecast

The future of the global hospital lighting system market looks promising with opportunities in the patient room/ward room, operating room, diagnostic & imaging room, waiting room & common room, examination room, corridor & staircase, entrance, carpark, and clean room markets. The global hospital lighting system market is expected to reach an estimated $9.7 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are growing investment in lighting of hospitals by government and private players, rising adoption of safe energy in hospitals through innovative product technology and product design, and increasing inclination toward clean & energy efficient systems.

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Hospital Lighting System by Segment

The study includes a forecast for the global hospital lighting system by product, technology, and region.

Hospital Lighting System Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Surface Mounted
• Wall Mounted
• Hanging
• Recessed
• Others

Hospital Lighting System Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Light Emitting Diode [LED]
• Induction
• Fluorescent
• Incandescent

Hospital Lighting System Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Patient Rooms/Ward Rooms
• Operating Rooms
• Diagnostic & Imaging Rooms
• Waiting Rooms & Common Rooms
• Examination Rooms
• Corridor & Staircases
• Entrance
• Carparks
• Clean rooms

Hospital Lighting System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hospital Lighting System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hospital lighting system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hospital lighting system companies profiled in this report include-

• Philips Lighting
• General Electric
• Acuity Brand
• Osram Licht
• Zumtobel Group
• Cree
• Herbert Waldmann
• Hubbell Lighting
• Orion Energy System
• Trilux

Hospital Lighting System Market Insights

Lucintel forecasts that recessed is expected to witness the highest growth over the forecast period due to growing adoption of LED-based recessed downlights in operating rooms and LED-based recessed troffers in diagnostic and imaging rooms.

Within this market, patient rooms/ward rooms will remain the largest segment over the forecast period due to growing technological advancements and widespread use of LED lighting fixtures that has the potential to enhance the atmosphere for both patients and visitors, creating a more positive ambiance.

North America will remain the largest region over the forecast period due to government's growing embrace of advanced technology and energy-efficient alternatives, as well as growing number of hospitals in the region.

Features of the Global Hospital Lighting System Market

Market Size Estimates: Hospital lighting system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hospital lighting system market size by product, technology, application, and region in terms of value ($B).

Regional Analysis: Hospital lighting system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, technologies, applications, and regions for the hospital lighting system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hospital lighting system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the hospital lighting system market size?

Answer: The global hospital lighting system market is expected to reach an estimated $9.7 billion by 2030.

Q.2 What is the growth forecast for hospital lighting system market?

Answer: The global hospital lighting system market is expected to grow with a CAGR of 5.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the hospital lighting system market?

Answer: The major drivers for this market are growing investment in lighting of hospitals by government and private players, rising adoption of safe energy in hospitals through innovative product technology and product design, and increasing inclination toward clean & energy efficient systems .

Q4. What are the major segments for hospital lighting system market?

Answer: The future of the hospital lighting system market looks promising with opportunities in the patient room/ward room, operating room, diagnostic & imaging room, waiting room & common room, examination room, corridor & staircase, entrance, carpark, and clean room markets.

Q5. Who are the key hospital lighting system market companies?

Answer: Some of the key hospital lighting system companies are as follows:

• Philips Lighting
• General Electric
• Acuity Brand
• Osram Licht
• Zumtobel Group
• Cree
• Herbert Waldmann
• Hubbell Lighting
• Orion Energy System
• Trilux

Q6. Which hospital lighting system market segment will be the largest in future?

Answer: Lucintel forecasts that recessed is expected to witness the highest growth over the forecast period due to growing adoption of LED-based recessed downlights in operating rooms and LED-based recessed troffers in diagnostic and imaging rooms.

Q7. In hospital lighting system market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to government's growing embrace of advanced technology and energy-efficient alternatives, as well as growing number of hospitals in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the hospital lighting system market by product (surface mounted, wall mounted, hanging,recessed, and others), technology (light emitting diode [LED], induction, fluorescent, and incandescent), application (patient rooms/ward rooms, operating rooms, diagnostic & imaging rooms, waiting rooms & common rooms, examination rooms, corridor & staircases, entrance, carparks, and clean rooms), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?