The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s hospital lights market report forecasts the hospital lights market size to grow to $12.56 Billion by 2027, with a CAGR (compound annual growth rate) of 9%.

Learn More On The Hospital Lights Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hospital-lights-global-market-report

Hospital Lights Market Size Forecast
The global hospital lights market 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%.

North America held the largest hospital lights market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Hospital Lights Market Driver ­– Growth In Number Of Hospitals
For instance, in 2022, according to a survey conducted by American Hospital Association, a US-based healthcare industry trade group, the total number of all U.S. Hospitals is 6,093 and the number of U.S. community hospitals is 5,139. Therefore, the growing number of hospitals is driving the growth of the hospital lights market.

Request for A Sample Of The Global Hospital Lights Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8069&type=smp

Key Hospital Lights Market Trend – 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. This product uses UV-C technology which has been proven by scientific studies to disinfect and can inactivate SARS-CoV-2 (the virus that will cause COVID-19 disease) on surfaces by more than 99% to below detectable levels, providing an easy and effective way to disinfect items like keys, cell phones, toys, and other household items.

Hospital Lights Market Segment
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

Hospital Lights Market Major Players and Strategies
Major players 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.

In March 2021, SMART Global Holdings, a US-based holding company that provides speciality memory solutions, acquired Cree LED for an undisclosed amount. This acquisition uniquely positions Cree with a sharpened strategic focus to lead the industry transition from silicon to silicon carbide. SMART has a strong foundation and a proven track record of effectively acquiring and integrating companies that specialize in specialized solutions. Cree LED is a US-based company operating in hospital lights.

The Hospital Lights Global Market Report 2023 covers regional data on hospital lights market size, hospital lights market trends and drivers, opportunities, strategies, and hospital lights market competitor analysis. The countries covered in the hospital lights market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Hospital lights are lights made from durable material to be used in medical facilities for the safety of the people who are working in the building.

View More Reports Related To The Hospital Lights Market –
Hospital Supplies Global Market Report 2023
Hospital Acquired Infections Testing Kits Global Market Report 2023
Hospital Information System Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: