Published by Coherent Market Insights
Posted on September 20, 2021
Lighting is an important part of hospital infrastructure that has applications across operation theatres, wards, ICU, and others. They can be classified into an incandescent lamp, gas discharged lamps, CFL, and LED lamps. The LED lighting is the most commonly used lighting technology, because of its high luminous efficacy, long life, low power consumption, and high color rendition index. Some of the most commonly used LED lights are LED panels, LED reflector, and LED down light. The market is projected to experience significant growth on the account of continuously increasing and evolving hospital facilities.
Market – Drivers
Advantages of LED Technology over conventional lighting system also expected to fuel the growth of the hospital lighting market. According to the U.S. Department of Energy, lighting is a significant component of hospital energy use, representing over 10% of energy consumption. This leads to the increasing global demand for green technologies, which is projected to fuel the growth of the LED technology segment in the hospital lighting market because they have a long life, improved efficiency, eco-friendly, durable, and more dispersed light over conventional lightening systems. Furthermore, advancement in lighting solutions is further expected to support the market growth of the hospital lighting market. For instance, the integration of LED in intelligent lighting systems and solutions, is expected to aid in the growth of the hospital lighting market.
Key players in the hospital lighting market could focus on growth opportunities in emerging economies such as India and China. Increasing per capita income, high incidence of lifestyle-related diseases, and ambitious medical infrastructure projects across developing countries are major factors fueling the growth of the market. Moreover, governments are taking initiatives for developing the hospital healthcare sector, in order to cater to the growing demand, which is also presumed to foster market growth. For instance, Saudi Arabia’s government allocated US$ 28.8 billion to health and social welfare, which includes funding for 11 new hospitals, 11 medical centers, and two medical complexes, on top of the 132 hospitals and healthcare centers, in 2014. This is expected to aid in the growth of the hospital lighting market in the region.
Request for Sample Copy Here: https://www.coherentmarketinsights.com/insight/request-sample/1611
Additionally, bilateral commercial relations will also helpful in increasing the number of hospitals, thus propelling the growth of the hospital lighting market. The U.S.-U.A.E. Business Council reported that the U.A.E. has witnessed a dramatic expansion of its healthcare industry from 7 hospitals and 12 health centers to 70 public and private hospitals and 150 centers and clinics since 1971. Moreover, governmental initiatives are expected to aid in increasing the number of public and private hospitals with national and international standards. For instance, U.A.E.’s Vision 2021 aims the highest-level U.A.E. government strategic plan for “world-class healthcare” as one of its priorities. Another factor driving the growth of the hospital lighting market is contracts between hospitals and manufacturers for the supply and installation of equipment. For example, in 2012, Philips was awarded a contract to supply and install lighting equipment for Jordan’s first LEED- rated hospital.
Regional Analysis
Geographically, the hospital lighting market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to be the dominant region in the hospital lighting market and this can be attributed to the presence of well-established healthcare infrastructure. Newer technologies such as LED lighting and intelligent lighting systems are gaining high adoption in this region in this region. However, Asia Pacific is projected to be the fastest-growing region in the hospital lighting market, owing to rising governmental initiatives for expanding healthcare centers and implementing policies to favor the use of energy-efficient lighting products in the healthcare sector.
Get Flat USD 2000 OFF
Buy-Now this research report: https://www.coherentmarketinsights.com/promo/buynow/1611
Reasons to Purchase this Report:
Current and future of global Cancer Registry Software Market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period.
The latest developments, market shares, and strategies that are employed by the major market players.
Market – Competitors
Key players operating in the hospital lighting market include Acuity Brands Lighting Inc., Cree Inc., Eaton Corporation PLC, GE Lighting, Herbert Waldmann GmbH & Co. Kg, Hubbell Incorporation, KLS Martin Group, Koninklijke Philips N.V., Trilux Lighting Ltd., and Zumtobel Group AG.
Market- Taxonomy
By Product Type
By Technology
By Application
By Region:
Contact US:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Hospital Lighting Market Emerging Technological Growth, Future Growth and Business Opportunities 2027 | Coherent Market Insights appeared first on Gatorledger.
Lighting is an important part of hospital infrastructure that has applications across operation theatres, wards, ICU, and others. They can be classified into an incandescent lamp, gas discharged lamps, CFL, and LED lamps. The LED lighting is the most commonly used lighting technology, because of its high luminous efficacy, long life, low power consumption, and high color rendition index. Some of the most commonly used LED lights are LED panels, LED reflector, and LED down light. The market is projected to experience significant growth on the account of continuously increasing and evolving hospital facilities.
Market – Drivers
Advantages of LED Technology over conventional lighting system also expected to fuel the growth of the hospital lighting market. According to the U.S. Department of Energy, lighting is a significant component of hospital energy use, representing over 10% of energy consumption. This leads to the increasing global demand for green technologies, which is projected to fuel the growth of the LED technology segment in the hospital lighting market because they have a long life, improved efficiency, eco-friendly, durable, and more dispersed light over conventional lightening systems. Furthermore, advancement in lighting solutions is further expected to support the market growth of the hospital lighting market. For instance, the integration of LED in intelligent lighting systems and solutions, is expected to aid in the growth of the hospital lighting market.
Key players in the hospital lighting market could focus on growth opportunities in emerging economies such as India and China. Increasing per capita income, high incidence of lifestyle-related diseases, and ambitious medical infrastructure projects across developing countries are major factors fueling the growth of the market. Moreover, governments are taking initiatives for developing the hospital healthcare sector, in order to cater to the growing demand, which is also presumed to foster market growth. For instance, Saudi Arabia’s government allocated US$ 28.8 billion to health and social welfare, which includes funding for 11 new hospitals, 11 medical centers, and two medical complexes, on top of the 132 hospitals and healthcare centers, in 2014. This is expected to aid in the growth of the hospital lighting market in the region.
Request for Sample Copy Here: https://www.coherentmarketinsights.com/insight/request-sample/1611
Additionally, bilateral commercial relations will also helpful in increasing the number of hospitals, thus propelling the growth of the hospital lighting market. The U.S.-U.A.E. Business Council reported that the U.A.E. has witnessed a dramatic expansion of its healthcare industry from 7 hospitals and 12 health centers to 70 public and private hospitals and 150 centers and clinics since 1971. Moreover, governmental initiatives are expected to aid in increasing the number of public and private hospitals with national and international standards. For instance, U.A.E.’s Vision 2021 aims the highest-level U.A.E. government strategic plan for “world-class healthcare” as one of its priorities. Another factor driving the growth of the hospital lighting market is contracts between hospitals and manufacturers for the supply and installation of equipment. For example, in 2012, Philips was awarded a contract to supply and install lighting equipment for Jordan’s first LEED- rated hospital.
Regional Analysis
Geographically, the hospital lighting market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to be the dominant region in the hospital lighting market and this can be attributed to the presence of well-established healthcare infrastructure. Newer technologies such as LED lighting and intelligent lighting systems are gaining high adoption in this region in this region. However, Asia Pacific is projected to be the fastest-growing region in the hospital lighting market, owing to rising governmental initiatives for expanding healthcare centers and implementing policies to favor the use of energy-efficient lighting products in the healthcare sector.
Get Flat USD 2000 OFF
Buy-Now this research report: https://www.coherentmarketinsights.com/promo/buynow/1611
Reasons to Purchase this Report:
Current and future of global Cancer Registry Software Market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period.
The latest developments, market shares, and strategies that are employed by the major market players.
Market – Competitors
Key players operating in the hospital lighting market include Acuity Brands Lighting Inc., Cree Inc., Eaton Corporation PLC, GE Lighting, Herbert Waldmann GmbH & Co. Kg, Hubbell Incorporation, KLS Martin Group, Koninklijke Philips N.V., Trilux Lighting Ltd., and Zumtobel Group AG.
Market- Taxonomy
By Product Type
By Technology
By Application
By Region:
Contact US:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Hospital Lighting Market Emerging Technological Growth, Future Growth and Business Opportunities 2027 | Coherent Market Insights appeared first on Gatorledger.
Explore more articles in the Research Reports category
