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Hospital Lighting Market 2023: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2032
Hospital Lighting Market
Hospital Lighting Market Size, Growth Rate, And Forecast
The global hospital lighting market size is expected to grow from $7.43 billion in 2022 to $7.91 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hospital lighting market is expected to grow to $10.11 billion in 2027 at a CAGR of 6.3%.
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Hospital Lighting Market Drivers
An increase in number of hospitals worldwide are expected to propel the hospital lighting market. Hospitals are an essential component of the development of a healthcare system. External pressures, healthcare system flaws, and hospital-sector deficiencies are currently driving the construction of hospitals in many parts of the world. This increasing construction of hospitals worldwide impacts the demand for and use of hospital lighting to achieve a practical or aesthetic effect inside and around the hospital.
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Hospital Lighting Market Segments
1) By Product: Troffers, Surface-mounted Lights, Surgical Lamps, Other Products
2) By Technology: Fluorescent, LED, Renewable Energy, Other Technologies
3) By Application: Patient Wards and ICUs, Examination Rooms, Surgical Suites, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Hospital Lighting Market.
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Hospital Lighting Market Key Players
Major competitors in the Hospital Lighting Market include Acuity Brands Inc., KLS Martin Group, Eaton Corporation PLC, Hubbell Incorporated, Koninklijke Philips NV, Trilux GmbH & Co. KG, Zumtobel Group, General Electric Company, Kenall Manufacturing Company, Brandon Medical Company, Drägerwerk AG & Co. KGaA, Signify Holding BV, Osram Licht AG, and Orion Energy Systems Inc
The Business Research Company's "Global Hospital Lighting Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Hospital Lighting Market Include:
1. Executive Summary
2. Hospital Lighting Market Characteristics
3. Hospital Lighting Market Trends And Strategies
4. Hospital Lighting Market - Macro Economic Scenario
5. Hospital Lighting Market Size And Growth
.....
26. Africa Hospital Lighting Market
27. Hospital Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hospital Lighting Market
29. Hospital Lighting Market Future Outlook and Potential Analysis
30. Appendix
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