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Hospital Lights Market 2023 : Analysis By Top Key Players, Industry Trends, Size And Regional Outlook 2032 | Koninklijke Philips N.V., The Zumtobel Group, Wolfspeed Inc., Signify N.V., Acuity Brands Inc.
Hospital Lights Market Research
The Business Research Company's Hospital Lights Global Market Report 2023 identifies growing number of hospitals as the major driver for the hospital lights market's growth in the forecast period. Hospitals are institutions that are designed, staffed, and outfitted for illness diagnosis, medical and surgical treatment of the ill and injured, and housing while undergoing these procedures. Hospital lights provide enough light for the medical staff, are used as a signalling device during any event and prevent any disturbance to the patients during sleep.
The global hospital lights market size is expected to grow from $8.15 billion in 2022 to $8.90 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. 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 lights market size is expected to grow to $12.56 billion in 2027 at a CAGR of 9.0%.
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Major competitors in the Hospital Lights market are Koninklijke Philips N.V., The Zumtobel Group, Wolfspeed Inc., Signify N.V., Acuity Brands Inc., Eaton Corporation PLC., Hill-Rom Holdings Inc., Hubbell Incorporated, TRILUX GmbH & Co. KG, General Electric Company, KLS Martin Group, Drägerwerk AG & Co., Osram Licht AG, Orion Energy Systems Inc., Derungs Licht AG, D-TEC Products B.V., C3 Lighting Solutions Inc., and Lindner Group.
A key trend in the hospital lights market includes product innovation. Major players in the hospital lighting industry are concentrating on creating innovative product solutions to improve their market share. For instance, in October 2021, Signify, a Netherlands-based company operating in hospital light, launched the Philips UV-C disinfection box with a UV-C light source for small objects.
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https://www.thebusinessresearchcompany.com/report/hospital-lights-global-market-report
The Hospital Lights market is segmented -
By Product: Troffers, Surface-Mounted Lights, Surgical Lamps, Other Products
By Technology: Fluorescent, LED, Renewable Energy, Other Technologies
By Application: Patient Wards And ICUs, Surgical Suites, Examination Rooms, 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 Lights market.
The Business Research Company's "Global Hospital Lights Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hospital Lights Market Include:
1. Executive Summary
2. Hospital Lights Market Characteristics
3. Hospital Lights Market Trends And Strategies
4. Hospital Lights Market - Macro Economic Scenario
5. Hospital Lights Market Size And Growth
……
26. Africa Hospital Lights Market
27. Hospital Lights Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hospital Lights Market
29. Hospital Lights Market Future Outlook and Potential Analysis
30. Appendix
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