North America Hospital Lights Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Troffer, Surface-Mounted Lights, Surgical Lamps, and Others), Technology (Fluorescent Technology, LED Technology, and Others), and Application (Patient Wards and ICUs, Surgical Suites, Examination Rooms, and Others)
The North America hospital lights market is expected to reach US$ 1,977.77 million by 2028 from US$ 3,386.23 million in 2021; it is expected to grow at a CAGR of 8.0% from 2021 to 2028.
Hospitals and clinics have high energy demands due to 24x7 availability, medical imaging equipment, and special requirements for clean air and disease control. Energy efficiency has become a major policy instrument worldwide, assisting in meeting the significant increase in energy demand. All the government and non-government agencies are working together toward sustainable energy usage. The new eco-design requirements include measures to raise the minimum energy efficiency requirements for lighting products which will see some less efficient lamp types phased out. These increasing initiatives toward the use of energy-efficient products are likely to fuel the demand for LED lighting products, thereby driving the hospital lights market.
Moreover, due to the global energy shortage, energy saving, emission reduction, and green development have become the common concerns of countries worldwide. According to statistics, global lighting accounts for about 20% of total power consumption. Lighting in China accounts for about 14% of total power consumption. Thus, the adoption of LED lights is growing rapidly and is successfully transforming the definition and scope of lighting technology. Also, the stringent rules proposed by the government and regulatory bodies of the US and Canada on using less efficient lighting have paved the growth path of LED lighting. These government initiatives toward the adoption of LED lights will contribute to transforming old hospital buildings into new energy-efficient hospitals, thereby driving the market.
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 North America hospital lights market is expected to grow at a good CAGR during the forecast period.
North America Hospital Lights Market Revenue and Forecast to 2028 (US$ Million)
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North America Hospital Lights Market Segmentation
The North America hospital lights market is segmented into product type, technology, and application. Based on product type, the market is segmented into troffer, surface-mounted lights, surgical lamps, and others. Based on technology, the market is segmented into fluorescent technology, led technology, and others. Based on application, the market is segmented into patient wards and ICUs, surgical suites, examination rooms, and others. Geographically, the North America hospital lights market is segmented into the US, Canada, and Mexico.
North America Hospital Lights Market Companies
Signify Holding (Philips), ACUITY BRANDS, INC. 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 North America hospital lights market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. North America Hospital Lights Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Hospital Lights Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Hospital Lights Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Government Initiatives to Improve Energy Efficiency in Hospitals
5.1.2 Increasing Demand for High-performance LED Lighting During Surgeries
5.2 Market Restraints
5.2.1 Limited Product Development in the Field of Hospital Lights
5.3 Market Opportunities
5.3.1 Increasing Infrastructure Development of Hospitals
5.4 Future Trends
5.4.1 Rising Adoption of Energy-Efficient Solar-Based LED Lighting
6. North America Hospital Lights– Country Market Analysis
6.1 Country Overview
6.2 North America Hospital Lights Market Forecast and Analysis
7. North America Hospital Lights Market Analysis – By Product Type
7.1 Overview
7.2 North America Hospital Lights Market, By Product Type (2020 and 2028)
7.3 Troffer
7.3.1 Overview
7.3.2 Troffer: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Surface Mounted Light
7.4.1 Overview
7.4.2 Surface Mounted Light: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Surgery Lamps
7.5.1 Overview
7.5.2 Surgery Lamps: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Hospital Lights Market Analysis – By Technology
8.1 Overview
8.2 North America Hospital Lights Market, By Technology (2020 and 2028)
8.3 Fluorescent Technology
8.3.1 Overview
8.3.2 Fluorescent Technology: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
8.4 LED Technology
8.4.1 Overview
8.4.2 LED Technology: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Application: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Hospital Lights Market Analysis – By Application
9.1 Overview
9.2 North America Hospital Lights Market, By Application (2020 and 2028)
9.3 Patient Wards and ICUs
9.3.1 Overview
9.3.2 Patient Wards and ICUs: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Surgical Suites
9.4.1 Overview
9.4.2 Surgical Suites: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Examination Rooms
9.5.1 Overview
9.5.2 Examination Rooms: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Hospital Lights Market – Country Analysis
10.1 Overview
10.2 North America: North America Hospital Lights Market
10.2.1 North America: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.1 US: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.1.1 US: North America Hospital Lights Market, by Product Type
10.2.1.1.2 US: North America Hospital Lights Market, by Technology
10.2.1.1.3 US: North America Hospital Lights Market, by Application
10.2.1.2 Canada: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.2.1 Canada: North America Hospital Lights Market, by Product Type
10.2.1.2.2 Canada: North America Hospital Lights Market, by Technology
10.2.1.2.3 Canada: North America Hospital Lights Market, by Application
10.2.1.3 Mexico: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.3.1 Mexico: North America Hospital Lights Market, by Product Type
10.2.1.3.2 Mexico: North America Hospital Lights Market, by Technology
10.2.1.3.3 Mexico: North America Hospital Lights Market, by Application
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 Signify Holding (Philips)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ACUITY BRANDS, INC.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cree Lighting
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Dragerwerk AG & Co. KGaA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 KLS Martin Group
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Stryker Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 GE Current
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Hubbell Incorporated
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Trilux GMBH & Co. KG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Zumtobel Lighting GMBH
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America: North America Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: North America Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: North America Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: North America Hospital Lights Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: North America Hospital Lights Market, by Technology –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: North America Hospital Lights Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: North America Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: North America Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: North America Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: North America Hospital Lights Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: North America Hospital Lights Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: North America Hospital Lights Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Glossary of terms, hospital lights market
LIST OF FIGURES
Figure 1. North America Hospital Lights Market Segmentation
Figure 2. North America Hospital Lights Market Overview
Figure 3. Others Held the Highest Share in North America Hospital Lights Market in 2020
Figure 4. North America Hospital Lights Market, by Country
Figure 5. North America – PEST Analysis
Figure 6. Expert Opinion
Figure 7. North America Hospital Lights Market: Impact Analysis of Drivers and Restraints
Figure 8. North America Hospital Lights Market
Figure 9. North America Hospital Lights Market Forecast and Analysis, (US$ Million)
Figure 10. North America Hospital Lights Market Revenue Share, by Product Type (2020 and 2028)
Figure 11. Troffer: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Surface Mounted Light: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Surgery Lamps: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Hospital Lights Market Revenue Share, by Technology (2020 and 2028)
Figure 16. Fluorescent Technology: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. LED Technology: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others Application: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Hospital Lights Market Revenue Share, by Application (2020 and 2028)
Figure 20. Patient Wards and ICUs: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Surgical Suites: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Examination Rooms: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Hospital Lights Market Revenue Share, by Region (2021 and 2028)
Figure 25. North America: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. US: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Canada: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Mexico: North America Hospital Lights Market – Revenue and Forecast to 2028 (US$ Million)
- Signify Holding (Philips)
- ACUITY BRANDS, INC.
- Cree Lighting
- Dragerwerk AG & Co. KGaA
- KLS Martin Group
- Stryker Corporation
- GE Current
- Hubbell Incorporated
- Trilux GMBH & Co. KG
- Zumtobel Lighting GMBH
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Hospital Lights Market.
- 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 North America Hospital Lights 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 North America 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.