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Emerging Trends to Drive Hospital Lights Market Growth at 9.6% CAGR Through 2029
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Hospital Lights Market Size Growth Forecast: What to Expect by 2025?
The market size for hospital lights has seen significant growth in the last few years. The market is projected to expand from $9.55 billion in 2024 to $10.37 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.5%. The notable growth during the historic period is credited to factors such as enhanced patient comfort, energy efficiency norms, precision in surgery, regulatory adherence, patient-oriented lighting, rise in healthcare expenditure, and considerations for architecture and aesthetics.
How Will the Hospital Lights Market Size Evolve and Grow by 2029?
The market size of hospital lights is set for significant expansion in the coming years, with a projection to reach $14.98 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 9.6%. This expected growth during the forecast period is due to various factors including the increasing number of healthcare facilities, improved control systems, the adoption of sustainable lighting methods, lighting configuration for behavioral health environments, specific customizations for individual hospital spaces, and adherence to lighting regulations. The dominant trends during this period are poised to be the prevalence of LED technology, the ability to adjust color temperature, the incorporation of intelligent lighting setups, a rising preference for indirect lighting, the use of wireless controls, and the integration of IoT.
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What Drivers Are Propelling the Growth of Hospital Lights Market Forward?
The rise in the number of hospitals is anticipated to boost the hospital lights market growth. Hospitals, developed, managed, and equipped for the diagnosis of diseases, medical and surgical treatment of the sick and injured, and accommodation during these processes, necessitate the use of hospital lights. These lights ensure sufficient illumination for the healthcare staff, serve as a warning system during emergencies, and avoid disrupting the patients during their sleep. For instance, in 2022, as per a survey by the American Hospital Association, a trade group of the US healthcare industry, the total number of all U.S Hospitals stands at 6,093 while the number of U.S. community hospitals is 5,139. Hence, the increasing number of hospitals is fueling the expansion of the hospital lights market.
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Which Emerging Trends Are Transforming the Hospital Lights Market in 2025?
In the hospital lights market, product innovation stands out as a crucial trend. The leading companies in the hospital lighting sector are focusing on generating innovative product solutions to expand their market presence. For instance, Vode Lighting, an adaptive lighting systems producer based in the US, unveiled the launch of Wedge in July 2024. Wedge is a pioneering adaptive lighting solutions family that offers architects and designers unprecedented creative flexibility. With the inclusion of the Peak and Slope products, the Wedge family delivers boundless design options owing to its distinctive triangular shape and superior optics. It continues to feature the easy installation and versatile mounting options, characteristics synonymous with Vode's inventive lighting systems, thereby boosting any area's aesthetics and functionality.
What Are the Key Segments in the Hospital Lights Market?
The hospital lights market covered in this report is segmented -
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, Surgical Suites, Examination Rooms, Other Applications
Subsegments:
1) By Troffers: LED Troffers, Fluorescent Troffers, Smart Troffers
2) By Surface-Mounted Lights: LED Surface-Mounted Lights, Traditional Surface-Mounted Lights, Adjustable Surface-Mounted Lights
3) By Surgical Lamps: LED Surgical Lamps, Halogen Surgical Lamps, Shadowless Surgical Lamps
4) By Other Products: Exam Room Lights, Emergency And Exit Lights, Cove Lighting, Portable Lighting Solutions
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Who Are the Key Players Shaping the Hospital Lights Market's Competitive Landscape?
Major companies operating in the hospital lights market are Koninklijke Philips N.V., The Zumtobel Group, Wolfspeed Inc., Signify N.V., Acuity Brands Inc., Skytron LLC, S.I.M.E.O.N. Medical GmbH & Co. KG, General Electric Company, Hubbell Incorporated, KLS Martin Group, Brandon Medical Co. Ltd., Best Lighting Products Inc., Kenall Manufacturing, Shenzhen Comen Medical Instruments Co. Ltd., Medifa, Hill-Rom Holdings Inc., Eaton Corporation, Osram Licht AG, Cooper Lighting Solutions, Dialight PLC, LEDVANCE GmbH, Stryker Corporation
What Geographic Markets Are Powering Growth in the Hospital Lights Market?
North America was the largest region in the hospital lights market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hospital lights market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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