Hospital Lighting System Market Future Growth Statistic, Trends Analysis and Challenges


Posted November 12, 2020 by devanshuraizada

The global hospital lighting system market generated a revenue of $5,328.1 million and is projected to advance at a 6.4% CAGR during the forecast period (2018–2023).
 
The number of healthcare institutions is increasing because of the surging geriatric population, rising patient base, and growing prevalence of chronic diseases. As per the American Hospital Association, the number of hospitals in the U.S. was around 15,908 in 2018. In addition to this, the demand for technologically advanced facilities for catering to the surging patient base in developing countries is also increasing.

The medical providers are taking important steps for developing proper environment in the hospitals for minimizing the stress of visitors, improving conditions for both staffs and patients, and reducing errors. One of the technologies that are being adopting for achieving the said conditions is the utilization of efficient lighting systems.

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Lighting systems which are utilized for lighting the exterior and interior of medical facilities are referred to as hospital lighting systems. These systems play a significant role when it comes to making the patients calm during treatment and providing better illumination to medical practitioners and staffs in order to enhance productivity. According to a report by P&S Intelligence, in 2017, the global hospital lighting system market generated a revenue of $5,328.1 million and is projected to advance at a 6.4% CAGR during the forecast period (2018–2023).

The different product types of hospital lighting systems are recessed, surface mounted, hanging, and wall mounted. Some other product types are step lights, emergency lights, and exit lights.
Out of these, surface mounted lights were utilized the most during 2013–2017 and are projected to witness the highest demand in the coming years well, owing to the fact that they provide better illumination and amiable environment.

This market research report provides a comprehensive overview of the hospital lighting systems market

Historical and the present size of the hospital lighting systems market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential
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Issued By Devanshu
Country United States
Categories Business
Last Updated November 12, 2020