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Hospital Lighting System Market Overview
The global hospital lighting system market was valued at $5,328.1 million in 2017 and is forecasted to witness a CAGR of 6.4% during 2018–2023. Rising number of hospitals and increasing inclination toward energy efficient lighting system are the key factors driving the market demand.
In terms of product, the hospital lighting system market is categorized into surface mounted, recessed, wall mounted, hanging, and others which includes emergency lights, exit lights, and step lights. Surface mounted system is the commonly used lighting system, as it provides the optimal distribution of light in the installed area. It accounted for highest share of the global revenue in 2017. However, recessed lighting system is expected to be the fastest growing category during the forecast period, due to increasing adoption of LED-based recessed downlights in operating rooms and LED-based recessed troffers in diagnostic and imaging rooms.
GLOBAL HOSPITAL LIGHTING SYSTEM MARKET, BY TECHNOLOGY, $M (2013-2023)
Based on technology, the hospital lighting system market is categorized into LED, fluorescent, incandescent, and induction. LED lighting technology was the highest revenue generator, accounting for around 40% of revenue in 2017, globally. This can be attributed to its benefits such as long service life, uniform quality of light, and high level of reliability for many application areas including lobbies, stairs, pantry area, and waiting rooms. However, incandescent technology has been observing sluggish growth, due to its high energy consumption.
Among the varied applications, patient rooms/ward rooms held the largest share of over 20% in the hospital lighting system market in 2017. This can be attributed to increased advancements in technology and adoption of LED-based lighting fixtures, which could help to lighten-up the mood of patients and visitors. In addition, surface luminaries and recessed downlights are widely used lights in patient/ward rooms as they offer better patient experience. However, during the forecast period, the market for hospital lighting system in diagnostic and imaging rooms application area is predicted to witness the fastest growth.
Hospital Lighting System Market Dynamics
Surgical lighting systems have recorded positive growth over the past few years in hospital lighting system market; primarily due to growing number of lighting variations in the market. The surgical lights available in the market include ceiling mounted lights, mobile surgical lights, surgical headlights, and wall mounted surgical lights. These are made according to the requirements of the surgeons with respect to brightness, color rendering index (CRI), homogeneity, correlated color temperature (CCT), and shadow dilution. Hybrid operating rooms (OR) are also witnessing high demand for technologically advanced surgical lighting products, such as LED or OLED luminaries.
Furthermore, solid state lighting is one of the recent technologies that utilizes semiconducting material to convert electricity into lighting. It is gaining adoption globally, as it holds salient features to address challenges related to energy consumption and lower greenhouse gas emissions.
Growing adoption of energy saving lighting systems in hospitals through innovative product technology and product design (primarily LED lighting), with minimum amount of greenhouse gas emissions which results in reduced global warming, is anticipated to drive the hospital lighting system market across the globe.
Moreover, lighting systems in hospitals are now adopting both natural daylight and artificial lights, such as light fixtures and lamps in lobbies and corridors of hospitals, which result in 45–70% of light saving, making these lighting systems more energy efficient. Moreover, LED lighting offers advantages over traditional lighting solutions, such as long lifespan, low power consumption, safety, design flexibility, and lower maintenance requirements. Due to these benefits, LED lighting has been increasingly replacing conventional lighting solutions in the healthcare settings, and hence driving the hospital lighting system market.
Furthermore, to cater the increasing demand for technologically advanced facilities by the growing patient base, the medical providers are taking necessary steps to develop proper environment in hospitals using efficient lighting systems, in order to minimize the stress of visitors, reduce errors, and improve conditions for both staffs and patients.
Hospitals and healthcare institutions are under enormous pressure to find lighting products that lead to minimum carbon emissions and consume low energy. Lighting solution providers are now offering bundle of mixed mode systems using intelligent sensors technology. Mixed mode system allows combination of natural and artificial lighting on the premises to turn the lighting system on/off, based on the movement of an individual. It also allows to adjust the intensity of lights according to the amount of daylight present at any point of time, resulting in significant reduction in electricity usage and thereby, emitting minimum carbon dioxide. For instance, LumaWatt Pro Wireless connected lighting system by Eaton Corporation plc, assists hospitals to maximize potential energy savings, by incorporating a distributed network of smart LED lighting fixtures with wireless sensing capabilities. Wireless technology has numerous advantages over traditional lighting systems, which acts as growth opportunity for the players in the hospital lighting system market.
Hospital Lighting System Market Competitive Landscape
The market players, such as Cree Inc., Acuity Brands, and Herbert Waldmann GmbH & Co. KG are launching several lighting products to enhance their product portfolio, with most investments being seen in the products based on LED technology. While companies such as General Electric Company and Acuity Brands are also involved in partnerships to share companies’ technologies for enhancing product portfolio.
Some of the key players operating in the hospital lighting system market are Cree Inc., Zumtobel Group AG, OSRAM Licht AG, Acuity Brands Inc., General Electric Company, Signify N.V., Hubbell Incorporated, Herbert Waldmann GmbH & Co. KG, TRILUX GmbH & Co. KG, and Orion Energy Systems Inc.