US Healthcare Lightings Market Expected to Reach US$ 2,271.08 Mn in 2027 - General Electric, Koninklijke Philips N.V, Acuity Brands, Zumtobel, Martin, Hubbell, Herbert Waldmann, Ideal Industries, Eaton, Lumax Lighting

The US Healthcare Lightings Market is expected to reach US$ 2,271.08 Mn in 2027 from US$ 1,288.59 Mn in 2018. The market is estimated to grow with a CAGR of 6.6% from 2019-2027.

The growth of the Healthcare Lightings Market is primarily attributed to the Increasing Number of Hospitals in the US, Rising Geriatric Population and Growing Prevalence of Chronic Diseases. However, the market is likely to get impacted by the cost of installation of healthcare lighting during the forecast period. The hospital industry is growing at a faster pace in the US. The number of hospitals are growing due to increasing patient need and demand of treatment due to various diseases. The increasing prevalence of chronic diseases and growing elderly population in the country is among the significant factors for the market growth.

Get Sample PDF For More Professional And Technical Insights at:
https://www.premiummarketinsights.com/sample/TIP00023707

For instance, the developments in lighting technologies are likely to support the healthcare lightings market growth in the US in coming years. For instance, in April 2019, Acuity Brands, Inc. announced that Distech Controls launched the ECLYPSE Sky Ecosystem platform. The platform offers occupant control for offices and hospitality spaces, and healthcare & educational institutes. Thus, similar potential activities of major players that are beneficial from the commercial perspectives are expected to create an opportunistic scenario for the growth of the healthcare lightings market in the coming years.

In 2018, the troffers segment held the largest market share of the healthcare lightings market, by product. This segment is also anticipated to dominate the market in 2027 owing to capacity to the commercial benefits and launch of new troffers with capacity to reduce airborne disease. Also, the segment is anticipated to witness growth at a significant rate during the forecast period, 2019 to 2027.

The US Healthcare Lightings Market is dominated by LED technology segment in 2018 with a considerable market share by technology. This segment is also predicted to dominate the market in 2027.Also, LED technology segment is anticipated to witness growth at a significant rate during the forecast period, 2019 to 2027, owing to the most energy-efficient and rapidly growing lighting technologies.
In 2018, the patient room held a largest market share of the healthcare lighting market, by the application. This segment is also predicted to dominate the market in 2027 owing to the factors as patients' rooms in a hospital often account for more than half of the useful floor space. Also, the patient room segment is anticipated to witness growth at a significant rate during the forecast period, 2019 to 2027.

Some of the major primary and secondary sources for healthcare lighting included in the report are Hospital Energy Alliance, World Health Organization, Centers for Disease Control and Prevention, National Center for Health Statistics, and others.

Purchase Complete Report at: https://www.premiummarketinsights.com/buy/TIP00023707

Name: Sameer Joshi
Email: sales@premiummarketinsights.com
Organization: Premium Market Insights
Phone: +1-646-491-9876

Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider.

This release was published on openPR.