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Showing posts with label Hospital Lighting System Market. Show all posts
Showing posts with label Hospital Lighting System Market. Show all posts

Monday, February 24, 2020

February 24, 2020

How is Increasing Number of Healthcare Institutions Driving Hospital Lighting System Market?


The number of healthcare institutions is increasing because of the surging geriatric population, rising patient base, and growing prevalence of chronic diseases. As per the American Hospital Association, the number of hospitals in the U.S. was around 15,908 in 2016.

In addition to this, the demand for technologically advanced facilities for catering to the surging patient base in developing countries is also increasing. The medical providers are taking important steps for developing proper environment in the hospitals for minimizing the stress of visitors, improving conditions for both staffs and patients, and reducing errors. 

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One of the technologies that are being adopting for achieving the said conditions is the utilization of efficient lighting systems.

Lighting systems which are utilized for lighting the exterior and interior of medical facilities are referred to as hospital lighting systems. These systems play a significant role when it comes to making the patients calm during treatment and providing better illumination to medical practitioners and staffs in order to enhance productivity. 

The different product types of hospital lighting systems are recessed, surface mounted, hanging, and wall mounted. Some other product types are step lights, emergency lights, and exit lights.

Out of these, surface mounted lights were utilized the most during 2013–2017 and are projected to witness the highest demand in the coming years well, owing to the fact that they provide better illumination and amiable environment. 

According to a report by P&S Intelligence, in 2017, the global hospital lighting system market generated a revenue of $5,328.1 million and is projected to advance at a 6.4% CAGR during the forecast period (2018–2023).

The fastest growth in demand is predicted to be registered by recessed lighting systems during the forecast period, as these lights are can be fitted in a wide range of ceiling types and cater to the different requirements of hospital lighting systems.

Tuesday, April 16, 2019

April 16, 2019

Hospital Lighting System Market Size, Segments, Future Insights, Market Revenue and Growth by 2023

Global hospital lighting system market has been witnessing considerable growth, mainly due to the factors, such as growing demand for surgical lighting in hybrid operating rooms and need for energy efficient lighting systems.
The various types of products available in the market are surface mounted, recessed, wall mounted, hanging, and other lighting systems including emergency lights, exit lights and step lights. Out of these, the recessed lights market is expected to fuel high growth of over 7%, during the forecast period.
LED, fluorescent, incandescent, and induction are the technologies involved in the hospital lighting system market. Due to high energy efficiency and durability, LED technology held the largest share, with over 39% contribution in the global market, in 2017, followed by induction lighting technology.
During the forecast period, the hospital lighting system market is projected to witness the fastest growth in APAC, at a CAGR of 7.7%. Rising urban population in India, and rising public and private investments in hospital lighting system particularly in China, would drive the demand for healthcare institutions across APAC countries.
Globally, hospital infrastructure is under upgradation both in terms of technology adoption and expansion. This is due to the increasing patient base, growing geriatric population, and increasing prevalence of chronic diseases. Additionally, rising number of hospitals and other healthcare settings are also driving the demand for hospital lighting systems, globally.
Some of the key players operating in the hospital lighting system market are Cree Inc., Zumtobel Group AG, OSRAM Licht AG, Acuity Brands Inc., General Electric Company, Signify N.V., Hubbell Incorporated, Herbert Waldmann GmbH & Co. KG, TRILUX GmbH & Co. KG, and Orion Energy Systems Inc.
Global Hospital Lighting System Market Segmentation
By Product
  • Surface Mounted
  • Recessed
  • Wall Mounted
  • Hanging
  • Others (Emergency Lights, Exit Lights, and Step Lights)
By Technology
  • Light Emitting Diode (LED)
  • Induction
  • Fluorescent
  • Incandescent