US Healthcare Lightings Market
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.
Strategic insights for the US Healthcare Lightings provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1,288.59 Million |
| Market Size by 2027 | US$ 2,271.08 Million |
| Global CAGR (2019 - 2027) | 6.6% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | United States
|
| Market leaders and key company profiles |
The geographic scope of the US Healthcare Lightings refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
Strategic insights for the US Healthcare Lightings provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1,288.59 Million |
| Market Size by 2027 | US$ 2,271.08 Million |
| Global CAGR (2019 - 2027) | 6.6% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | United States
|
| Market leaders and key company profiles |
The geographic scope of the US Healthcare Lightings refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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
US Healthcare Lighting Market – By Lighting Technology
US Healthcare Lighting Market – By Application
Companies Mentioned
The List of Companies - US Healthcare Lightings Market
The US Healthcare Lightings Market is valued at US$ 1,288.59 Million in 2018, it is projected to reach US$ 2,271.08 Million by 2027.
As per our report US Healthcare Lightings Market, the market size is valued at US$ 1,288.59 Million in 2018, projecting it to reach US$ 2,271.08 Million by 2027. This translates to a CAGR of approximately 6.6% during the forecast period.
The US Healthcare Lightings 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 US Healthcare Lightings Market report:
The US Healthcare Lightings Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The US Healthcare Lightings Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the US Healthcare Lightings Market value chain can benefit from the information contained in a comprehensive market report.
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