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Hospital Lighting Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4121

Hospital Lighting Market size is set to record considerable momentum between 2023 and 2032 owing to a noticeable rise in the number of hospitals in developing countries.

Hospital lighting is considered an integral part of hospital construction and management as it assists in the rehabilitation of patients and the realization of healthcare and treatment effects. It also emphasizes the relationship between the patients and the doctors, cost control, and hospital operation management. Thus, the ongoing expansion of the existing healthcare infrastructure and the construction of new hospital facilities will favor market growth through 2032.

For instance, according to AHA (American Hospital Association) Hospital Statistics, 2022, there are an estimated 6,093 hospitals in the U.S. In addition, the soaring government support towards setting up energy-efficient hospitals has resulted in the rising incursion of LED-based lighting products compared to conventional lighting, further enhancing market performance.

However, the crashing healthcare sector across Ukraine and other neighboring economies due to the country's ongoing clashes with Russia has impeded market growth. Besides, the worsening inflation scenario across major economies has significantly limited government expenditure on infrastructure development. This, alongside the increasing prospects of a declining economic outlook, may further hamper business revenues over the coming years.

With respect to type, the hospital lighting market share from the LEDs segment will gain notable proceeds from 2023 to 2032, driven by several benefits, including long product endurance and increased energy saving. The rising number of surgeries and the higher prevalence of chronic diseases across the globe will also propel market growth. Besides, the extending government support and the growing usage of LED lights will positively influence the industry sales trajectory.

Based on the product, the hospital lighting market remuneration from troffers will commendably expand through 2032 with their growing preference as they can be directly installed on the ceiling, with a less low-profile aesthetic. The troffers are a great alternative to T8 and T12 linear fluorescent fixtures in hospital settings. Factors such as the fast-growing population and the increasing penetration of LED-based troffers will foster segment growth.

Demand for hospital lighting control in inpatient wards & ICUs is estimated to collect significant gains during 2023-2032 due to the increasing R&D investments focused on leveraging cutting-edge technologies and developing novel innovations. The establishment of new hospital facilities, notably in India and China, as well as the surging government support to provide improved infrastructure levels in ICUs, will act as potential contributors to the industry expansion.

North America hospital lighting market share is expected to grow substantially between 2023 and 2032, attributed to the robust presence of well-established hospitals. The spiraling government support for promoting energy efficiency projects has led to increased levels of utility funding. There is also an enlarging focus on modernizing the lighting for hospitals across the region. The growing number of clinics, in tandem with the influx of the latest technologies and the rising requirement for improved infrastructure, are some promising regional expansion trends.

Some of the major players in hospital lighting market include General Electric Company, Zumtobel Group AG, Hubbell Incorporated, KLS Martin Group, Acuity Brands Lighting Inc., Ellumi Lighting, Eaton Corporation PLC, Koninklijke Philips N.V., Cree Inc., Trilux Lighting Ltd., and others. These firms are actively incorporating inorganic measures, including partnerships, acquisitions, and investments, along with new product launches to broaden their customer portfolio while sustaining the escalating market competition.

For instance, in April 2022, BalancedCare by Axis Lighting rolled out its new product portfolio Tranquility Series, which incorporates a range of designer graphic patterns and high-resolution proprietary photography with Axis Lighting luminaires and BalancedCare sconces. The product, while maintaining resolution integrity, can be scaled up to 20 x 20 feet designs. An assortment of textured graphics, inspiring images, and custom colors and finishes emphasizes patient stress reduction, relaxation, and opportunities for positive distractions.

What Information does this report contain?

Historical data coverage: 2018 to 2022; Growth Projections: 2023 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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Our Market Research Reports Include:

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