Lighting is a significant component hospital energy use, which considerably represents over 10% of global energy consumption. It not only improves patient experience; however, it further assists the staff in providing optimum care to the patients. The lighting in the hospital is quite mixed and very dynamic and differs from one patient to another. Efficiently designed lighting system in hospitals takes care of these visual and biological need of the patients. The lighting condition further affects the biological activities of a person, influencing their body activity, concentration and aids in creating a relaxed environment for the patient. The major driver contributing to the growth of the hospital lighting market is the increasing number of hospitals in emerging economies, such as China. In addition, the market growth is attributed to increasing demand for technologically advanced healthcare facilities coupled with high government funding. However, factors such as the high cost of such devices and their installation may hamper the growth of the market.

The global hospital lighting market can be segmented on the basis of product, technology, and end-user. On the basis of the product, the market can be classified into surface-mounted lights, troffers, and surgical lamps. Based on technology, the market is segregated into fluorescent, LED, halogen, and others. Moreover, on the basis of the end-user, the market is classified into the patient ward and ICU, operation theatres, examination rooms, and others. Among products, the troffers segment is expected to show a significant growth rate in the market during the forecast period. This is mainly owing to the increasing demand for LED-based troffers in hospitals.

The global hospital lighting market is further analyzed and segmented on the basis of regions into North America, Europe, Asia-Pacific, and Rest of the World. North America contributes a significant share in the global hospital lighting market. This is mainly due to the presence of well-established healthcare infrastructure that incorporates technically advanced equipment. Moreover, the presence of key market players in the region, such as Cree, Inc. and General Electric Co., is another factor that augments the market growth in the region. Asia-Pacific is anticipated to witness a considerable growth rate in the global hospital lighting market during the forecast period. The increasing spending on the healthcare system and an increasing number of hospitals in emerging economies of the region, such as India and China, are the prominent factors for growth of the market.

Major market players operating in the global hospital lighting market include Acuity Brands Lighting, Inc., Eaton Corp. PLC, Cree Inc., General Electric Co., and Signify Netherlands B.V. These companies adopt various strategies such as partnership & collaborations, finding a new market or product innovations in their core competency in order to stay competitive in the market. For instance, in April 2017, Market-Driven Community Corporation (MDCC) signed a contract for installing LED lighting systems at Rochester General Hospital in New York .

Research Methodology:

The market study of the global hospital lighting market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers and news blogs
• Company websites and their product catalogue.

The report is intended for healthcare companies, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Hospital Lighting Market Research and Analysis by Product
2. Global Hospital Lighting Market Research and Analysis by Technology
3. Global Hospital Lighting Market Research and Analysis by End-User

The Report Covers:

• Comprehensive research methodology of the global hospital lighting market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global hospital lighting market.
• Insights about market determinants which are stimulating the global hospital lighting market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.