Market Overview:
The global healthcare lighting market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions, growing awareness about the benefits of LED lights, and rising investments in healthcare infrastructure. The LED segment is expected to grow at a higher CAGR than the halogen segment during the forecast period. This can be attributed to factors such as lower power consumption, longer life span, and better color rendering properties of LED lights as compared with halogen lights. The patient room application is expected to hold the largest share of the global healthcare lighting market in 2018.
Product Definition:
Healthcare Lighting is the use of lighting fixtures in a medical or healthcare setting. It can be used to improve the appearance of a room, make it easier for people to see, and improve safety. Healthcare Lighting is important because it can help make people feel more comfortable and safe in a medical or healthcare setting.
LED:
LED is Light-Emitting Diode, a semiconductor that emits light when activated. The most commonly used type of LED is the thin, flat panel known as a LED; they are available in different colors and sizes. LEDs produce less heat than conventional lighting technologies such as incandescent or halogen bulbs; this makes them safer to use in medical equipment and reduces energy costs by up to 80%.
Halogen:
Halogen is a chemical element that consists of one or more halogens and has the symbol h. It is an often used term for chlorine, fluorine, bromine and iodine. Halogens are in group 17 of the periodic table which means they are17 heavier than hydrogen.
Application Insights:
Based on application, the market is segmented into patient room, surgical suites, diagnostics/imaging, and others. The patient room segment dominated the overall industry in terms of revenue in 2017. This can be attributed to a growing trend of home healthcare for patients that has led to an increased demand for lighting suitable for use in patient rooms. Furthermore, hospitals are focusing on enhancing their aesthetic appeal by installing modern lighting solutions throughout corridors and other public areas which has resulted in boosting product demand within this application segment as well.
The diagnostics/imaging application is anticipated to witness significant growth over the forecast period owing to an increase in medical imaging procedures such as MRI scanners used at hospitals worldwide coupled with rising awareness about better illumination during diagnostic procedures at outpatient facilities or clinics that resultantly drive product demand within this segment as well.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure and high adoption rate of advanced lighting technologies are some factors driving the regional market. Moreover, increasing demand for better illumination in patient rooms, surgical suites, diagnostics/imaging areas is expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising awareness regarding energy conservation and sustainable development among end users including hospitals & clinics as well as other service providers such as medical device manufacturers and consulting firms. Furthermore, improving healthcare facilities due to growing investments by governments along with donations from private organizations are contributing towards increased demand for lighting equipment in this region which will further boost industry expansion over next eight years (2018 - 2030).
Growth Factors:
- Increasing demand for energy-efficient lighting solutions in the healthcare sector
- Rising awareness about the benefits of LED lighting in healthcare facilities
- Growing number of hospitals and clinics worldwide
- Proliferation of innovative LED lighting products and technologies
- Increasing investment in healthcare infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Lighting Market Research Report
By Type
LED, Halogen
By Application
Patient Room, Surgical Suites, Diagnotics/Imaging, Nursing Station, Other
By Companies
GE, Philips, Cree, Eaton, Hubbell, Kenall, Waldmann
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Lighting Market Report Segments:
The global Healthcare Lighting market is segmented on the basis of:
Types
LED, Halogen
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Patient Room, Surgical Suites, Diagnotics/Imaging, Nursing Station, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Philips
- Cree
- Eaton
- Hubbell
- Kenall
- Waldmann
Highlights of The Healthcare Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED
- Halogen
- By Application:
- Patient Room
- Surgical Suites
- Diagnotics/Imaging
- Nursing Station
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare lighting is designed to provide an environment that is conducive to healing. It can be used in hospitals, clinics, and other healthcare facilities. Healthcare lighting typically includes a variety of light sources, including fluorescent lamps, LED lights, and natural light.
Some of the major players in the healthcare lighting market are GE, Philips, Cree, Eaton, Hubbell, Kenall, Waldmann.
The healthcare lighting market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Healthcare Lighting Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Healthcare Lighting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Healthcare Lighting Market - Supply Chain
4.5. Global Healthcare Lighting Market Forecast
4.5.1. Healthcare Lighting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Healthcare Lighting Market Size (000 Units) and Y-o-Y Growth
4.5.3. Healthcare Lighting Market Absolute $ Opportunity
5. Global Healthcare Lighting Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Healthcare Lighting Market Size and Volume Forecast by Type
5.3.1. LED
5.3.2. Halogen
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Healthcare Lighting Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Healthcare Lighting Market Size and Volume Forecast by Application
6.3.1. Patient Room
6.3.2. Surgical Suites
6.3.3. Diagnotics/Imaging
6.3.4. Nursing Station
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Healthcare Lighting Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Healthcare Lighting Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Healthcare Lighting Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Healthcare Lighting Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Healthcare Lighting Demand Share Forecast, 2019-2026
9. North America Healthcare Lighting Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Healthcare Lighting Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Healthcare Lighting Market Size and Volume Forecast by Application
9.4.1. Patient Room
9.4.2. Surgical Suites
9.4.3. Diagnotics/Imaging
9.4.4. Nursing Station
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Healthcare Lighting Market Size and Volume Forecast by Type
9.7.1. LED
9.7.2. Halogen
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Healthcare Lighting Demand Share Forecast, 2019-2026
10. Latin America Healthcare Lighting Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Healthcare Lighting Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Healthcare Lighting Market Size and Volume Forecast by Application
10.4.1. Patient Room
10.4.2. Surgical Suites
10.4.3. Diagnotics/Imaging
10.4.4. Nursing Station
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Healthcare Lighting Market Size and Volume Forecast by Type
10.7.1. LED
10.7.2. Halogen
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Healthcare Lighting Demand Share Forecast, 2019-2026
11. Europe Healthcare Lighting Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Healthcare Lighting Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Healthcare Lighting Market Size and Volume Forecast by Application
11.4.1. Patient Room
11.4.2. Surgical Suites
11.4.3. Diagnotics/Imaging
11.4.4. Nursing Station
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Healthcare Lighting Market Size and Volume Forecast by Type
11.7.1. LED
11.7.2. Halogen
11.8. Basis Point Share (BPS) Analysis b Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Healthcare Lighting Demand Share, 2019-2026
12. Asia Pacific Healthcare Lighting Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Healthcare Lighting Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Healthcare Lighting Market Size and Volume Forecast by Application
12.4.1. Patient Room
12.4.2. Surgical Suites
12.4.3. Diagnotics/Imaging
12.4.4. Nursing Station
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Healthcare Lighting Market Size and Volume Forecast by Type
12.7.1. LED
12.7.2. Halogen
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Healthcare Lighting Demand Share, 2019-2026
13. Middle East & Africa Healthcare Lighting Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Healthcare Lighting Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Healthcare Lighting Market Size and Volume Forecast by Application
13.4.1. Patient Room
13.4.2. Surgical Suites
13.4.3. Diagnotics/Imaging
13.4.4. Nursing Station
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Healthcare Lighting Market Size and Volume Forecast by Type
13.7.1. LED
13.7.2. Halogen
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Healthcare Lighting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Healthcare Lighting Market: Market Share Analysis
14.2. Healthcare Lighting Distributors and Customers
14.3. Healthcare Lighting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Philips
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cree
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eaton
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hubbell
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kenall
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Waldmann
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
