Why Hospital Lighting System Market Growth is Reflection on Energy-Saving Measures?

The incidence of chronic diseases, especially cardiovascular diseases (CVD), chronic obstructive pulmonary disease (COPD), diabetes, and cancer, is rising around the world. Just like them, all other types of diseases and health issues are also increasing in incidence, which is leading to the surging demand for medical services.

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Moreover, with the rising focus on offering healthcare to the masses, governments of various countries are investing in the construction of hospitals.

Hence, with the increase in the number of such medical centers in every part of the world, the hospital lighting system market, which valued $5,328.1 million in 2017, is projected to witness a CAGR of 6.4% during the forecast period (2018-2023), to grow to $7,755.4 million by 2023.

Appropriate lighting is quite important in such settings, as loads of complex medical procedures take place here on a daily basis. And, even the simple procedures, if not done right, can cause more harm than benefit.

With the increasing focus on reducing the consumption of energy, to ultimately bring down the air pollution level, hospitals are adopting smart and energy-efficient lights, such as light emitting diodes (LED).

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Apart from being energy-efficient, LEDs are also longer lasting, safer, flexible in design, and low in maintenance than other conventionally used products. This is the reason LEDs account for a higher adoption rate than induction, fluorescent, and incandescent variants. Moreover, by substituting artificial lights with sunrays, whenever available, 45-70% of electricity could be saved.

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This release was published on openPR.