Hospital Lighting Market Revenue Opportunies By Key Vendors GE Lighting, Herbert Waldmann GmbH & Co. Kg, Hubbell Incorporation, KLS Martin Group

Lighting is an integral part of healthcare infrastructure, as it is used in operation theatres, wards, ICU, and others in a healthcare setting. Manufacturers of lights are focusing on developing new products, in order to reduce cost and increase efficiency. Some of these products include incandescent lamp, gas discharged lamps, CFL, and LED lamps. As LED lighting are the most commonly used lighting technology, owing to its high luminous efficacy, long life, low power consumption, and high colour rendition index. Commonly used LED lights are LED panels, LED reflector, and LED downlight. The hospital lighting market is expected to exhibit high growth, owing to continuously increasing and evolving hospital facilities.
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Hospital Lighting Market - Drivers
Advantages of LED Technology over Conventional Lighting System also expected to fuel the growth of hospital lighting market. According to U.S. Department of Energy, lighting is a significant component of hospital energy use, representing over 10% of energy consumption. This leads to increasing global demand for green technologies, which is expected to fuel growth of LED technology segment in hospital lighting market. Advantages of LED technology include long life, improved efficiency, eco-friendly, durable, and more dispersed light over conventional lightening systems and this is expected to be a major factor for increasing adoption of LED. Furthermore, advancement in lighting technology is expected to aid in growth of the hospital lighting market. For instance, integration of LED in intelligent lighting systems and solutions, is expected to aid in growth of the hospital lighting market.
Key players in hospital lighting market could focus on growth opportunities in the emerging economies such as India and China. Rapidly growing population per capita income, rising life expectancy, high incidence of lifestyle-related diseases, and ambitious medical infrastructure projects in developing countries are factors expected to aid in growth of the market. Governments are taking initiatives in increasing the investments in the healthcare sector, in order to cater the growing demand, which in turn is expected to aid in growth of the market. 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 growth of hospital lighting market in the region.
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Hospital Lighting 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.
Hospital Lighting Market- Taxonomy:
By Product Type
• Troffers
• Surface-Mounted Lights
• Surgical Lamps
• Other Products
By Technology
• Fluorescent Technology
• LED Technology
• Solar Power Technology
• Other Technologies
By Application
• Patients Ward Light
• Operation Theatre Light
• Examination Light
• Minor Surgical Light
• Other Applications
By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

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