Hospital lighting is an integral component for medical facilities to provide optimal illumination for a variety of medical procedures and activities. LED lights are increasingly being adopted in modern hospitals as they offer higher efficiency, longevity, and controllability in light quality compared to traditional lighting solutions. LED lights provide focused, shadowless illumination that helps medical practitioners carry out intricate procedures with greater precision. They also reduce the need for lamp replacements, lowering maintenance costs for hospitals in the long run.
The global hospital lighting market is estimated to be valued at US$ 14.57 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. The market has witnessed considerable growth in recent years driven by growing awareness about infection control in clinical settings and role of appropriate lighting in patient recovery.
Growing adoption of LED technologies has emerged as a key driver of the hospital lighting market. LED lights provide various advantages over conventional lighting technologies that are increasingly favored in healthcare facilities. For instance, LED lights have longevity of over 50,000 burning hours and emit less heat, reducing fire hazards in medical facilities equipped with flammable materials. Their efficacy, energy-efficiency, and controllability along the colour spectrum also helps manage light intensity based on the requirements of different medical procedures and patients’ condition. Moreover, LED lights contain mercury-free materials and their compact modular design simplifies maintenance and replacement, helping lower operating expenses of hospitals over time. Rising automation and digitalization of lighting controls is further enhancing the benefits of LED lighting adoption in medical facilities globally.
The hospital lighting market is dominanted by the LED lighting segment which holds around 65% of the total market share. LED lights offer various benefits like energy efficiency, longevity, maintenance free operations and emission of minimal heat which make them suitable for hospitals. They help in maintaining proper illumination without affecting the room temperature. Within LED lighting segment, troffers sub-segment accounts for the largest share as troffers are most commonly used lights installed in hospital ceilings.
Political: Governments across many countries are promoting the adoption of energy efficient lighting solutions like LED lights in public infrastructure including hospitals to meet climate change commitments. This is driving the hospital lighting market.
Economic: With rising healthcare expenditure, countries are investing more on hospital infrastructure and modernization which involves replacement of conventional lights with smart and efficient LED lights. This is positively impacting market revenue.
Social: There is increasing awareness about importance of proper lighting in hospitals for better vision, comfort and healing of patients. This social factor is encouraging hospitals to opt for quality LED lighting solutions.
Technological: Introduction of wireless controls, sensors and IoT in LED lights allow remote monitoring and management of lighting. This is enhancing operational efficiency in hospitals. Many key players are innovating connected lighting control systems for hospitals.
The Global Hospital Lighting Market Growth is expected to witness high growth over the forecast period of 2023 to 2030. North America dominates the market currently due to growing healthcare infrastructure investment and technological developments in the region.
Regional analysis: North America holds around 35% value share led by the US. This is attributed to presence of many global lighting players and advanced healthcare facilities investing in energy efficient lighting upgrades. Asia Pacific is the fastest growing region on back of increasing healthcare spending, growing medical tourism and government support for hospital infrastructure development in countries like China and India.
Key players: Key players operating in the hospital lighting market are Nidec Corporation, AMETEK Inc., ABB Ltd., Hitachi Ltd., Regal Rexnord Corporation, Robert Bosch GmbH, Johnson Electric Holdings Limited, Weg SA, Siemens AG, Toshiba Corp., Rockwell Automation Inc., and TECO-Westinghouse Motor Company. Nidec captured the largest market share in 2023 owing to its diverse LED lighting product portfolio catering to various hospital lighting needs.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it