The global hospital lights market is foretold to expand at a CAGR of 6.1% during the forecast timeframe 2017–2022. It could attract a revenue of US$10.0 bn by 2022 from a US$7.4 bn achieved in 2017.
Albany, NY -- (SBWIRE) -- 10/12/2017 -- Lighting is incredibly important in an operating room, such as hospital, dental offices and operating theaters. Proper lighting in a hospital plays a significant role to make the patient calm during treatment and provide better illumination to medical practitioners and staff to improve productivity, thus are in huge demand across the globe. According to a recent analysis, hospital lights market is divined to garner a prospering growth in the next few years owing to the swelling count of healthcare institutes in developing economies such as India and China. Looking to the rapidly growing demand, analysts have encapsulated the vital details about the global market in a study titled "Hospital Lights Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022", which has been freshly published to the online repository of Market Research Hub (MRH). The report provides a deep understanding into some of the crucial features of the global hospital lights market while offering a vital analysis on its critical segments, growth patterns, competitive landscape and factors affecting its growth.
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As per the study estimations, the global hospital lights market is predicted to expand at a CAGR of 6.1% during the forecast timeframe 2017–2022. Besides, it could attract a revenue of US$10.0 bn by 2022 from a US$7.4 bn attained in 2017. It is well known that hospital lights are garishly bright in order for doctors and nurses to see patients every detail, which makes it a highly demandable product. Apart from that, study identifies the use of LED lights in the healthcare sector is a successful approach booming the market growth. Presently, mounting adoption of light-emitting diode (LED)-based lighting products such as troffers could augur well for the market.
In the first part, the study provides comprehensive information about the hospital lights market covering its introduction, market size and forecast; market dynamics and key participants market presence by region. The following section of the report also covers regional segmentation which highlights some of the prime regions including APEJ, MEA, Japan, North America, Europe and MEA. Developed regions such as North America could endure to secure a larger share in the market due to their support for modernization in the hospital lighting industry and promotion of energy efficiency projects.
Moving further, the report segments the market into three important segments, viz. troffers, surface-mounted lights, and surgical lamps, according to type of product. Based on technique, it covers fluorescent, light-emitting diode (LED), and halogen hospital lights. On the other hand, end-users are patient wards and intensive care units (ICUs), operating rooms, and examination rooms. The report also adds that the LED innovation facilitates the healthcare professionals to provide the best care to their patients, and currently it is experiencing a price reduction which could elevate its demand in different applications of hospital lights. However, troffers are projected to appear a rapid growth in demand on account of their high effectiveness, energy consumption reduction, no requirement of ceiling alterations, superior color quality, and wide range of applications.
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The next section of the study highlights detailed competitive landscape of the global hospital lights market by profiling the prime companies active in this market. At present, companies such as Acuity Brands, Inc., Zumtobel Group AG, Hill-Rom Holdings, Inc., Cree, Inc., Drägerwerk AG & Co. KGaA, KLS Martin GmbH + Co. KG, Eaton Corp. Plc, General Electric Co., Herbert Waldmann GmbH & Co. Kg, Hubbell, Inc., Koninklijke Philips N.V., and Trilux GmbH & Co. Kg could make a mark in the market.
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