US Healthcare Lightings Market to 2027 - Country Analysis and Forecast by Product (Surface-Mounted Lights, Troffers, Surgical Lamps, Other Products); Lighting Technology (LED Lighting, Fluorescent Lighting, Incandescent Lighting); Application (Patient Room, Surgical Suits, Nursing Stations, Outdoor, Other Applications), and Geography
The US healthcare lighting market is expected to reach US$ 2,271.08 Mn in 2027 from US$ 1,288.59 Mn in 2018. The market is estimated to grow with a CAGR of 6.6% from 2019-2027.
The key factor that are responsible for the growth of market include increasing number of hospitals in the US, and rising geriatric population, and growing prevalence of chronic diseases drive the market; however, cost of installation of healthcare lighting hinder the growth of the market during the forecast period.
The healthcare lighting makes sure the infrastructural cleanliness and is also used for staff and patients in the sense of comfort. As the healthcare industry endures to develop and progress the demand for long-lasting lighting systems that offer security and orientations is also anticipated to upsurge. Moreover, improved lighting conditions in the hospital's working sites have also proven to deliver better production by the nurses, staff and doctors.
US Healthcare Lightings Market Revenue and Forecasts to 2027 (US$ Mn)
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Market Insights
Increasing Number of Hospitals in the US
The healthcare industry is expected to grow at a faster pace in the US. Though the average hospital stay for a single person has been slightly decreased from 7 days to 5–6 days over the last couple of decades in the US. Rising geriatric population and increasing demand for treatment among patients are the major reasons driving the healthcare facilities in the country. For instance, according to the data of American Hospital Association 2020, total number of hospitals in the country were around 6,146 in 2018. According to the data of American Hospital Association 2020, 36,353,946 admissions were registered in the US for 2018. Furthermore 34,251,159 and ~ 1,821 were registered in community hospitals and rural community hospitals respectively for 2018, in the US. Hence, healthcare lighting and its efficient application is being measured as a critical parameter in the healthcare industry. Therefore, increasing number of hospitals in the US is the prime growth driver of healthcare lighting market.
Product Insights
US Healthcare lighting market by product is segmented into Troffers, Surface-Mounted Lights, Surgical Lamps and Other Products. In 2018, the troffers segment held the largest market share of the healthcare lightings market, by product. This segment is also anticipated to dominate the market in 2027 owing to capacity to the commercial benefits and launch of new troffers with capacity to reduce airborne disease. Also, the segment is anticipated to witness growth at a significant rate during the forecast period.
US Healthcare lighting, by Product, 2019 & 2027
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Lighting Technology Insights
The US Healthcare Lightings Market by lighting technology is segmented into LED Lighting, Fluorescent Lighting and Incandescent. The US Healthcare Lightings Market is dominated by LED technology segment in 2018 with a considerable market share by technology. This segment is also predicted to dominate the market in 2027.Also, LED technology segment is anticipated to witness growth at a significant rate during the forecast period, 2019 to 2027, owing to the most energy-efficient and rapidly growing lighting technologies
Application Insights
The US Healthcare Lightings Market by application is segmented into Patient Room, Surgical Suits, Nursing Stations, Outdoor, and Other Applications. In 2018, the patient room held a largest market share of the healthcare lighting market, by the application. This segment is also predicted to dominate the market in 2027 owing to the factors as patients’ rooms in a hospital often account for more than half of the useful floor space. Also, the patient room segment is anticipated to witness growth at a significant rate during the forecast period.
Strategic Insights
The companies operating in the healthcare lightings market have been implementing various strategies to grow in their corresponding markets; this has, in turn, enabled them to bring various changes in the market. The companies have utilized strategies such as product launches, of their product portfolio and acquisitions for the growth of their organizations.
US Healthcare Lightings – MARKET SEGMENTATION
US Healthcare Lighting Market – By Product
- Troffers
- Surface-Mounted Lights
- Surgical Lamps
- Other Products
US Healthcare Lighting Market – By Lighting Technology
- LED Lighting
- Fluorescent Lighting
- Incandescent Lighting
US Healthcare Lighting Market – By Application
- Patient Room
- Surgical Suits
- Nursing Stations
- Outdoor
- Other Applications
Companies Mentioned
- General Electric Company
- Koninklijke Philips N.V
- Acuity Brands, Inc.
- Zumtobel
- Martin Group
- Hubbell
- Herbert Waldmann Gmbh & Co. KG
- Ideal Industries, Inc.
- Eaton
- Lumax Lighting
1. Introduction
1.1 Scope Of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 US Healthcare Lighting Market – By Product
1.3.2 US Healthcare Lighting Market – By Lighting Technology
1.3.3 Us Healthcare Lighting Market – By Application
2. Healthcare Lighting Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Healthcare Lighting– Market Landscape
4.1 Overview
4.2 Pest Analysis
4.2.1 Healthcare Lighting Market in US: PEST Analysis
4.3 Expert Opinion
5. Healthcare Lighting Market – Key Dynamics
5.1 Drivers
5.1.1 Increasing Number of Hospitals in the US
5.1.2 Rising Geriatric Population
5.1.3 Growing Prevalence of Chronic Diseases
5.2 Restraints
5.2.1 Cost of Installation of Healthcare Lighting
5.3 Opportunities
5.3.1 Rising Adoption of LED-Based Light Fittings
5.4 Future Trends
5.4.1 Advancements in Lighting Technologies
5.5 Impact Analysis
6. Healthcare Lighting Market – US Analysis
6.1 US Healthcare Lighting Market Revenue Forecast And Analysis
6.2 Price Of Healthcare Lighting In The US
6.3 Positioning Of Key Players
6.3.1 Eaton
6.3.2 Koninklijke Philips N.V.
7. Healthcare Lighting Market Analysis and Forecast to 2027 – Product
7.1 Overview
7.2 Healthcare Lighting Market, By Product, 2018 & 2027 (%)
7.3 US Healthcare Lighting Market, Revenue and Forecast to 2027, By Product (US$ Mn)
7.4 Troffers
7.4.1 Overview
7.4.2 Troffers Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Surface-Mounted Lights
7.5.1 Overview
7.5.2 Surface-Mounted Lights Market Revenue and Forecast to 2027 (US$ Mn)
7.6 Surgical Lamp
7.6.1 Overview
7.6.2 Surgical Lamp Market Revenue and Forecast to 2027 (US$ Mn)
7.7 Other Products
7.7.1 Overview
7.7.2 Other Products Market Revenue and Forecast to 2027 (US$ Mn)
8. Healthcare Lighting Market Analysis and Forecast to 2027 – Lighting Technology
8.1 Overview
8.2 Healthcare Lighting Market, By Lighting Technology, 2018 & 2027 (%)
8.3 US Healthcare Lighting Market, Revenue and Forecast to 2027, By Lighting Technology (US$ Mn)
8.4 Led Lighting
8.4.1 Overview
8.4.2 LED Lighting Market Revenue and Forecast to 2027 (US$ Mn)
8.5 Fluorescent Lighting
8.5.1 Overview
8.5.2 Fluorescent Lighting Market Revenue and Forecast to 2027 (US$ Mn)
8.6 Incandescent Lighting
8.6.1 Overview
8.6.2 Incandescent Lighting Market Revenue and Forecast to 2027 (US$ Mn)
9. Healthcare Lighting Market Analysis and Forecast to 2027 –Application
9.1 Overview
9.2 Healthcare Lighting Market, By Application, 2018 & 2027 (%)
9.3 US Healthcare Lighting Market, Revenue and Forecast to 2027, By Application (US$ Mn)
9.4 Patient Room
9.4.1 Overview
9.4.2 Patient Room Market Revenue and Forecast to 2027 (US$ Mn)
9.5 Surgical Suites
9.5.1 Overview
9.5.2 Surgical Suits Market Revenue and Forecast to 2027 (US$ Mn)
9.6 Nursing Stations
9.6.1 Overview
9.6.2 Nursing Stations Market Revenue and Forecast to 2027 (US$ Mn)
9.7 Outdoor
9.7.1 Overview
9.7.2 Outdoor Market Revenue and Forecast to 2027 (US$ Mn)
9.8 Other Applications
9.8.1 Overview
9.8.2 Other Applications Market Revenue and Forecast to 2027 (US$ Mn)
10. Healthcare Lighting Market to 2027– Industry Landscape
10.1 Overview
10.2 Growth Strategies
10.3 Organic Developments
10.4 Inorganic Developments
11. Healthcare Lighting Market – Key Company Profiles
11.1 General Electric Company
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Koninklijke Philips N.V.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Acuity Brands, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Zumtobel
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Martin Group
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Hubbell
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Herbert Waldmann Gmbh & Co. KG
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Ideal Industries, Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Eaton
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Lumax Lighting
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary Of Terms
LIST OF TABLES
Table 1. US Healthcare Lighting Market, Revenue and Forecast to 2027, By Product (US$ Mn)
Table 2. US Healthcare Lighting Market, Revenue and Forecast to 2027, By Lighting Technology (US$ Mn)
Table 3. US Healthcare Lighting Market, Revenue and Forecast to 2027, By Application (US$ Mn)
Table 4. Organic Developments Done by the Companies
Table 5. Inorganic Developments Done by the Companies
Table 6. Glossary of Terms, Healthcare Lighting Market
LIST OF FIGURES
Figure 1. Healthcare Lighting Market Segmentation
Figure 2. US Healthcare Lighting Market Overview
Figure 3. Troffers Segment Held Largest Share Of Product Segment In Healthcare Lighting Market
Figure 4. US Healthcare Lighting Market, Industry Landscape
Figure 5. Healthcare Lighting Market in US: PEST Analysis
Figure 6. Healthcare Lighting Market Impact Analysis of Drivers and Restraints
Figure 7. US Healthcare Lighting Market – Revenue Forecast And Analysis – 2018- 2027
Figure 8. Market Positioning Of Key Player In Healthcare lighting Market
Figure 9. Healthcare Lighting Market, by Product, 2018 & 2027 (%)
Figure 10. Troffers Market Revenue and Forecast to 2027 (US$ Mn)
Figure 11. Surface-Mounted Lights Market Revenue and Forecast to 2027 (US$ Mn)
Figure 12. Surgical Lamp Market Revenue and Forecast to 2027 (US$ Mn)
Figure 13. Other Products Market Revenue and Forecast to 2027 (US$ Mn)
Figure 14. Healthcare Lighting Market, by Lighting Technology, 2018 & 2027 (%)
Figure 15. LED Lighting Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Fluorescent Lighting Market Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Incandescent Lighting Market Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Healthcare Lighting Market, by Application, 2018 & 2027 (%)
Figure 19. Patient Room Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Surgical Suits Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Nursing Stations Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Outdoor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Other Applications Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Growth Strategies Done By the Companies in the Market, (%)
The List of Companies - US Healthcare Lightings Market
- General Electric Company
- Koninklijke Philips N.V
- Acuity Brands, Inc.
- Zumtobel
- Martin Group
- Hubbell
- Herbert Waldmann Gmbh & Co. KG
- Ideal Industries, Inc.
- Eaton
- Lumax Lighting
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the US Healthcare lightings market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth US market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.