The increase in the development of new hospitals across the region is creating a lucrative opportunity for the market. Hospital infrastructure has been addressed as a critical part of healthcare delivery, as it has a significant impact on the quality of medical services. In addition, healthcare is one of the fastest-growing sectors across the world. Thus, the increasing regional government initiatives toward developing hospital infrastructure is driving the market.
Hospitals are an inseparable part of the healthcare delivery system. The development of new hospitals will drive the demand for lighting systems in hospitals, thus, creating an opportunity for the market. Europe has proposed a series of investment plans in 2021 for hospital infrastructure development in order to promote healthcare development in underdeveloped and developed regions. Thus, the increasing development of new hospital infrastructure and the renovation of traditional hospitals are expected to create growth opportunities.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the hospital lights market. The Europe hospital lights market is expected to grow at a good CAGR during the forecast period.
Europe Hospital Lights Market Segmentation
The Europe hospital lights market is segmented into product type, technology, and application. Based on product type, the Europe Hospital Lights Market is segmented into troffer, surface-mounted lights, surgical lamps, and others. Based on technology, the Europe Hospital Lights Market is segmented into fluorescent technology, led technology, and others. Based on application, the Europe Hospital Lights Market is segmented into patient wards and ICUS, surgical suites, examination rooms, and others.Geographically, the Europe hospital lights market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe.
Europe Hospital Lights Market Companies
Signify Holding (Philips), Cree Lighting, Dragerwerk AG & Co. KGaA, KLS Martin Group, Stryker Corporation, GE Current, Hubbell Incorporated, Trilux GMBH & Co. KG, and Zumtobel Lighting GMBH are among the leading companies in the Europe hospital lights market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,227.58 Million |
| Market Size by 2028 | US$ 2,256.12 Million |
| CAGR (2021 - 2028) | 9.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Hospital Lights Market is valued at US$ 1,227.58 Million in 2021, it is projected to reach US$ 2,256.12 Million by 2028.
As per our report Europe Hospital Lights Market, the market size is valued at US$ 1,227.58 Million in 2021, projecting it to reach US$ 2,256.12 Million by 2028. This translates to a CAGR of approximately 9.1% during the forecast period.
The Europe Hospital Lights Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Hospital Lights Market report:
The Europe Hospital Lights Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Hospital Lights Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Hospital Lights Market value chain can benefit from the information contained in a comprehensive market report.
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