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Hospital Lighting Market: Size, CAGR, Growth Drivers, and Trends
Hospital Lighting Market Size
What Is The Projected Market Size Of The Global Hospital Lighting Market And Its Growth Rate?
• The hospital lighting market size has grown from $8.29 billion in 2024 to $8.78 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%.
• The market size is expected to grow to $11.82 billion in 2029 at a CAGR of 7.7%.
• Growth can be attributed to factors including energy efficiency, regulatory standards, patient-centric lighting, reduction of hospital-acquired infections, surgical precision, and infrastructure modernization.
What Is Driving The Growth In The Hospital Lighting Market?
An increase in the number of hospitals worldwide is propelling the hospital lighting market. Hospitals play a crucial role in healthcare system development. Ongoing construction of new hospital facilities across the globe is driving demand for hospital lighting. The UK's healthcare expenditure, for example, reached approximately $354.88 billion in 2022, reflecting a nominal increase of 0.7% compared to 2021. This increase in primary healthcare centers and hospitals will enhance the demand for the hospital lighting market.
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Who Are the Key Players Driving Hospital Lighting Market Growth?
Major companies operating 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
What Are The Key Trends In The Hospital Lighting Market?
Key trends in the market include:
• Biophilic design concepts
• Data-driven lighting designs
• Wellness-oriented design
• Remote monitoring and management
• Adaptive lighting controls
What Are The Segments Of The Global Hospital Lighting Market?
The hospital lighting market is segmented as follows:
• By Product: Troffers, Surface-Mounted Lights, Surgical Lamps, Others
• By Technology: Fluorescent, LED, Renewable Energy, Others
• By Application: Patient Wards and ICUs, Examination Rooms, Surgical Suites, Others
Which Region Leads The Hospital Lighting Market?
North America was the largest region in the hospital lighting market in 2024, closely followed by Europe. Coverage also extends to Asia-Pacific, South America, Middle East and Africa.
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What Is Covered In The Hospital Lighting Market Global Market Report?
- Market Size Analysis: Analyze the Hospital Lighting Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hospital Lighting Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hospital Lighting Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hospital Lighting Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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