According to our latest market study on “Hospital Lights Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Technology, and Application,” the market is expected to grow from US$ 5,432.01 million in 2021 to US$ 9,765.09 million by 2028; it is estimated to grow at a CAGR of 8.7% from 2021 to 2028.

Hospital lights are designed specifically for use in medical institutions. They are frequently built of sturdy materials and must be able to endure regular cleaning as well as a certain level of damage. As hospitals and other medical facilities must be as clean as possible, lighting must be resistant to water and chemicals.

The notable factors driving the growth of the hospital lights market include the increasing use of LED-based lighting fixtures, government initiatives to improve energy efficiency in hospitals, and advantages of LED over conventional lighting. Furthermore, elevated government support for the adoption of energy-efficient lighting solutions in hospitals has led to the rise in the use of LED-based lighting products over traditional lighting. Ongoing developments in lighting technology are likely to create lucrative market prospects during the forecast period. UV LED lights are a more secure lighting option than traditional lights. As UV light also serves as a disinfectant, it is also used for water and air treatment to control the spreading and survival of germs, eventually killing them. This factor is further propelling the adoption of UV LED lights across hospitals.

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Due to robust healthcare infrastructure, Western European countries—such as Germany, France, Russia, and the UK—have witnessed a comparatively moderate decline in their production activities during the COVID-19 pandemic. The imbalance between the demand and supply sides during the lockdown phase in several European countries slightly limited the hospital light market growth in 2020 and 2021. However, government funding allocated for healthcare was redirected to frontline NHS issues, such as PPE availability and staffing, which resulted in low funds availability for the creation of new health and social care estate.

However, with the mitigation of the COVID-19 infection rate in late 2021, investments in hospitals infrastructure development and renovation have increased, which is likely to support the hospital lighting market growth. For instance, in 2021, governments in European countries announced Euro 3.7 billion to build 40 hospitals by 2030. In 2021, England built temporary hospitals to help cope with rising COVID-19 cases. In the third quarter of 2021, the redevelopment of Hospitacite Hospital Complex was started and the development of various hospital such as Lörrach Central Hospital campus, Galliera Hospital, and others is expected to drive the demand of hospital lights and eventually positively influence the hospital lights market growth.

The hospital lights market is segmented based on product type, technology, application, and geography. Based on product type, the market is segmented into troffer, surface-mounted lights, surgical lamps, and others. By technology, the hospital lights market is segmented into fluorescent technology, LED technology, and others. By application, the hospital lights market is segmented into patient wards and ICUs, surgical suites, examination rooms, and others. Based on geography, the hospital lights market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.

Acuity Brands, Dragerwerk, Hubbell Incorporated, Signify Holdings, and BFW Inc are key players operating in the hospital lights market. Several important market players were analyzed during this study to get a holistic view of the market and its ecosystem.

Key Findings of Study:

In 2020, the North America region accounted for the largest share of the hospital lights market. Continuous investments by the region’s local and federal government bodies to enhance their healthcare infrastructure for the better availability and accessibility of healthcare services to all its residents and foreign individuals is rising the investment of the region on building hospitals across the region. This results in the elevated demand for efficient lighting systems in hospitals across North America. The adoption of technologically advanced hospital lighting solutions, such as LED and fluorescent lamps, helps reduce the overall operational costs, and hospitals in this region have been capitalizing on the benefits of such modern products for better efficiency across surgical and operation theaters.  Further, APAC is expected to register the highest CAGR in the hospital lights market during 2021–2028. The market growth in this region is ascribed to the presence of numerous hospital light manufacturers in several APAC countries. These manufacturers have been raising their research & development expenditure to develop new products enabled by advanced technologies. Additionally, they have increased their investments in building strategic partnerships worldwide to expand their footprints.

Prominent Market Participants in Hospital Light Market

Acuity Brands, Dragerwerk, Hubbell Incorporated, Signify Holdings, and BFW Inc.  – Prominent Market Participants in Hospital Light Market

Hospital lighting refers to lights that have been designed specifically for use in medical institutions. They are frequently built of sturdy materials and must be able to endure regular cleaning as well as a certain amount of damage. Because hospitals and other medical facilities must be as clean as possible, lighting must be resistant to water and chemicals. Significant factors driving the growth of the hospital lights market include the increasing usage of LED-based lighting fixtures, government initiatives to improve energy efficiency in hospitals, and the advantages of LED over conventional lighting. Furthermore, increased government support for the adoption of energy efficiency lighting solutions in hospitals has led in a rise in the use of LED-based lighting products over traditional lighting, which is boosting the market's overall growth. Growing developments in lighting technology are likely to create lucrative industry prospects over the forecast period.

Growing government and private investments across both developed and developing countries to build new healthcare infrastructure as well as modernize and expand existing hospital infrastructures is further expected to contribute to the growth of the global hospital lights market. Some of the major projects to mentioned include the new University Hospital of Toledo in Spain opened in 2020, Belgium started the construction of its new Grand Hospital of Charleroi in April 2019, and the construction of Narayan eye foundation private hospital in Karnataka, India. These healthcare infrastructure projects undertaken across the globe are expected to contribute to the rising demand for hospital lights over the years. Moreover, due to the global energy shortage, energy saving, emission reduction, and green development have become the common concerns of countries worldwide. According to statistics, global lighting accounts for about 20% of total power consumption. Lighting in China accounts for about 14% of total power consumption. Therefore, lighting has always been the key area of energy conversation in China and the world. Thus, the adoption of LED lights is growing rapidly and is successfully transforming the definition and scope of lighting technology. Also, the stringent rules proposed by the government and regulatory bodies of the US, Canada, and the European Union on using less efficient lighting have paved the growth path of LED lighting. And this initiatives of the governments towards adoption of LED lights will contribute to transform old hospitals building into new energy efficient hospital and thus drives the market growth.

Acuity Brands, Dragerwerk, Hubbell Incorporated, Signify Holdings, and BFW Inc. – are among the well-known players operating in the global hospital light market and are focused on product development and innovations. The above listing of key players is derived by considering multiple factors such as overall revenue, current hospital light portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities.

A few of the important market initiatives and product developments from the industry are mentioned below: 

2022    Hubbell Incorporated has been recognized as 2022 world's most Ethical Companies for the second time by Ethisphere.

2022    GE Current has completed the acquisition of Hubbell Incorporated to enhance its product portfolio. The combined GE Current and Hubbell Incorporated will be branded as Current.

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