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 and clinics have high energy demands due to 24×7 operations, medical imaging equipment, and special clean air and sanitary requirements. Energy efficiency has become a major policy instrument worldwide, assisting in meeting the significant increase in energy demand. Proper illumination of the surgical area is essential inside the operation theater to avoid any kind of injury to the patient. High-performance LEDs play an important role in surgical lighting and light-based medical treatment. LED-based surgical lights have emerged as the preferred technology for overhead illumination in hospital operating rooms (ORs) and dental clinics. These high-performance LED lights are generally manufactured considering the standard specifications related to brightness, homogeneity, color rendering index (CRI), shadow dilution, and correlated color temperature (CCT). Moreover, high-performance LEDs deliver superior lighting, longer life, and lower power usage compared to typical surgical lighting systems that use halogen or gas-discharge bulbs. Thus, the increased demand for operating rooms in hospitals has resulted in a rise in the number of sophisticated healthcare facilities. This, in turn, will fuel the demand for high-performance LED lighting in surgery applications, thereby fueling the hospital lights market growth. Moreover, a surge in energy demands necessitates utilizing alternative energy sources. As a result, renewable energy sources, especially solar energy, are now being used to generate electricity. The increasing uptake of solar energy for electricity generation is expected to drive the demand for solar-based lighting technologies in the coming years.
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Hospital Lights Market: Strategic Insights
Market Size Value in US$ 5,432.01 million in 2021 Market Size Value by US$ 9,765.09 million by 2028 Growth rate CAGR of 8.7% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Hospital Lights Market: Strategic Insights
| Market Size Value in | US$ 5,432.01 million in 2021 |
| Market Size Value by | US$ 9,765.09 million by 2028 |
| Growth rate | CAGR of 8.7% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Hospital Lights Market
The COVID-19 crisis has affected various industries worldwide, and the global economy faced a slump in 2020 and 2021. With the COVID-19 outbreak, hospital light production was discontinued abruptly across the world due to the shuttering of factories. Moreover, various hospital construction projects were delayed due to the pandemic. For example, in APAC construction of Indira Gandhi Hospital, Dwarka, came to halt due to the pandemic. In Europe, government funding allocated for healthcare were redirected to frontline NHS issues, such as PPE availability and staffing, which resulted in a low fund availability for the creation of new health and social care estates. However, recently launched or resumed development and renovation projects of hospitals, and increasing focus on enhancing the healthcare sectors will continue to drive the hospital lights market growth in the coming years. 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, the resumption of old projects and the beginning of new hospital projects is further driving the hospital lights market growth.
Lucrative Regions in Hospital Lights Market
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Market Insights – Hospital Lights Market
Rising Adoption of Energy-Efficient Solar-Based LED Lighting Propel Hospital Lights Market
Rising Adoption of Energy-Efficient Solar-Based LED Lighting Propel Hospital Lights Market
According to the International Energy Agency estimates, solar energy generation capacity is expected to reach 3,300 TWh by 2030. Several countries including Italy, India, and Germany are attempting to build large solar power-producing facilities to harness solar energy. Due to such rising adoption of solar energy, hospitals spend humongous amounts of money in building a fail-safe environment of the hospital and implementing solar energy-based lighting in hospital premises. In addition, energy-intensive utilities, such as hospitals, can benefit from solar energy as it can provide 24×7 electricity without fail. The power generated during the day can be stored and utilized later. For instance, from 2021, small hospitals in Japan, in areas with unreliable electricity supply, started using solar power lights to avoid any power failure. Thus, above mentioned factors are driving the hospital lights market growth.
Product Type-Based Insights
Based on product type, the hospital lights market is segmented into troffer, surface-mounted lights, surgical lamps, and others. The troffer segment held the largest market share in 2021. Troffer lighting is an indoor lighting fixture mounted within a ceiling or ceiling grid. Troffer fixtures are designed to support standard fluorescent lamps, such as T12 or T8 bulbs. In current scenarios, troffer lighting systems are available in LED technology and are widely used in various hospital areas, including surgery rooms. Further, governments are providing incentives and subsidies for replacing old lamps with LED troffer goods, allowing for greater adoption of LED products worldwide.
Players operating in the hospital lights market are mainly focused on the development of advanced and efficient products.
- In 2022, Hubbell Incorporated has been recognized as the World's Most Ethical Companies of 2022; it was given this recognition for the second time by Ethisphere.
- In 2022, TRILUX Switzerland acquired Monolicht GmbH, a local luminaire manufacturer. The company will continue to operate as an independent local subsidiary of TRILUX in Switzerland.
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.
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 are among the major companies operating in the hospital lights market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Technology, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The patient wards and ICUs segment led the hospital light market with a market share of more than 35% in 2020. Patient wards and ICUs are multifunctional spaces, including tasks ranging from sleep to cleaning, requiring a flexible lighting design. Lighting plays a crucial role in a patient's recovery progress; proper lighting improves sleep, reduces depression, and balances the body circadian rhythm.
Acuity Brands, Dragerwerk, Hubbell Incorporated, Signify Holdings, and BFW Inc. are among the top five market players operating in the global hospital lights market. The mentioned key players are derived on following key parameters: overall revenue, segmental revenue, brand image & industry experience, current hospital lighting portfolio, innovative and advanced technology integration/material enhancements, customer base, geographical reach, new product launches, partnerships, mergers & acquisitions, and other market related activities.
The hospital lights market was dominated by North America, which accounted for 36.5% in 2020 and will continue to dominate the market by 2028 accounting for 34.7% of revenue share. APAC is the second-largest contributor to the hospital lights market, followed by Europe.
The troffer segment led the hospital light market with a market share of 37.4% in 2020. It is expected to account for 35.2% of the total market in 2028. Troffer lighting is an indoor lighting fixture mounted within a ceiling or ceiling grid. Troffer fixtures have been designed to support standard fluorescent lamps like T12 or T8 bulbs.
UV LED lights are also a more secure lighting option than traditional lights. UV lamps also serves as a disinfectant for patients. UV illumination technology, which is also used for water and air treatment, inhibits germs from spreading or surviving by stopping their growth at the core and eventually killing them. This factor is further propelling the adoption of UV LED lights across hospitals.
Significant factors driving the growth of the hospital lights market include the increasing usage of LED-based lighting fixtures, government initiatives to improve energy efficiency in hospitals, and the advantages of LED over conventional lighting. Furthermore, increased government support for the adoption of energy efficiency lighting solutions in hospitals has led in a rise in the use of LED-based lighting products over traditional lighting, which is boosting the market's overall growth. Growing developments in lighting technology are likely to create lucrative industry prospects over the forecast period.
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
LIST OF TABLES
Table 1. Global Hospital Lights Market Revenue and Forecasts to 2028 (US$ Million)
Table 2. North America: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Hospital Lights Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Hospital Lights Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Hospital Lights Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe: Hospital Lights Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Hospital Lights Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 17. France: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. France: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 19. France: Hospital Lights Market, by Application – Revenue and Forecast t2o 2028 (US$ Million)
Table 20. Germany: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. UK: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 35. APAC: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. APAC: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 41. China: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. China: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 43. China: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. India: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. India: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 46. India: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of APAC: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of APAC: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of APAC: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 56. MEA: Hospital Lights Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 57. MEA: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 58. MEA: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 64. Said Arabia: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of MEA: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of MEA: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of MEA: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 71. SAM: Hospital Lights Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 72. SAM: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 73. SAM: Hospital Lights Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of SAM: Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of SAM: Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of SAM: Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 83. Glossary of terms, hospital lights market
LIST OF FIGURES
Figure 1. Hospital Lights Market Segmentation
Figure 2. Hospital Lights Market Segmentation – By Region
Figure 3. Hospital Lights Market Overview
Figure 4. Troffers Held the Highest Share in Global Hospital Lights Market in 2020
Figure 5. Patient Wards and ICUs Held the Highest Share in Global Hospital Lights Market in 2020
Figure 6. Hospital Lights Market, by Geography
Figure 7. North America – PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. Asia Pacific – PEST Analysis
Figure 10. MEA – PEST Analysis
Figure 11. South America – PEST Analysis
Figure 12. Expert Opinion
Figure 13. Hospital Lights Market: Impact Analysis of Drivers and Restraints
Figure 14. Global Hospital Lights Market
Figure 15. Global Hospital Lights Market Forecast and Analysis, (US$ Million)
Figure 16. Hospital Lights Market Revenue Share, by Product Type (2020 and 2028)
Figure 17. Troffer: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Surface Mounted Light: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Surgery Lamps: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Hospital Lights Market Revenue Share, by Technology (2020 and 2028)
Figure 22. Fluorescent Technology: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. LED Technology: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others Application: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Hospital Lights Market Revenue Share, by Application (2020 and 2028)
Figure 26. Patient Wards and ICUs: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Surgical Suites: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Examination Rooms: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Others: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Global Hospital Lights Market Revenue Share, by Region (2020 and 2028)
Figure 31. North America: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: Hospital Lights Market Revenue Share, by Product Type (2020 and 2028)
Figure 33. North America: Hospital Lights Market Revenue Share, by Technology (2020 and 2028)
Figure 34. North America: Hospital Lights Market Revenue Share, by Application (2020 and 2028)
Figure 35. North America: Hospital Lights Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. US: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Mexico: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Hospital Lights Market Revenue Share, by Product Type (2020 and 2028)
Figure 41. Europe: Hospital Lights Market Revenue Share, by Technology (2020 and 2028)
Figure 42. Europe: Hospital Lights Market Revenue Share, by Application (2020 and 2028)
Figure 43. Europe: Hospital Lights Market Revenue Share, by Key Country (2020 and 2028)
Figure 44. France: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Germany: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Italy: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. UK: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Russia: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of Europe: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. APAC: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. APAC: Hospital Lights Market Revenue Share, by Product Type (2020 and 2028)
Figure 52. APAC: Hospital Lights Market Revenue Share, by Technology (2020 and 2028)
Figure 53. APAC: Hospital Lights Market Revenue Share, by Application (2020 and 2028)
Figure 54. APAC: Hospital Lights Market Revenue Share, by Key Country (2020 and 2028)
Figure 55. Australia: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. China: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. India: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Japan: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. South Korea: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of APAC: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. MEA: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. MEA: Hospital Lights Market Revenue Share, by Product Type (2020 and 2028)
Figure 63. MEA: Hospital Lights Market Revenue Share, by Technology (2020 and 2028)
Figure 64. MEA: Hospital Lights Market Revenue Share, by Application (2020 and 2028)
Figure 65. MEA: Hospital Lights Market Revenue Share, by Key Country (2020 and 2028)
Figure 66. South Africa: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Saudi Arabia: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. UAE: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of MEA: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. SAM: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. SAM: Hospital Lights Market Revenue Share, by Product Type (2020 and 2028)
Figure 72. SAM: Hospital Lights Market Revenue Share, by Technology (2020 and 2028)
Figure 73. SAM: Hospital Lights Market Revenue Share, by Application (2020 and 2028)
Figure 74. SAM: Hospital Lights Market Revenue Share, by Key Country (2020 and 2028)
Figure 75. Brazil: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Argentina: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Rest of SAM: Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Impact of COVID-19 Pandemic in North America Country Markets
Figure 79. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 80. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets
Figure 81. Impact of COVID-19 Pandemic in Middle East and Africa Countries
Figure 82. Impact of COVID-19 Pandemic in South America Countries
The List of Companies - Hospital Lights Market
- 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
- Zumtobel Lighting GMBH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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