Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Lighting is an important feature for patients and staff in hospitals. Surety of clarity in laboratories and treatment areas is the primary function that is expected of lighting specifically built for the healthcare industry. Many leading hospitals focus on lighting conditions to improve the user experience as it affects the human body both physiologically and psychologically. Due to the rapid modernization of health infrastructure with increasing demand for technologically advanced health facilities, there is a great growth opportunity in this market. In addition, government funding for better health infrastructure through the integration of LED technology for energy saving and efficient lighting is increasing market growth.
The growing government spending on health infrastructure and technological developments are an important factor in the growth of the global medical lighting technology market. Governments worldwide and especially in emerging economies spend heavily on the development of their respective countries health infrastructure. The increasing technologically advanced and energy efficient LEDs offer significant operational and financial benefits because of their restrictive budget for hospitals and medical facilities. LEDs are becoming more popular because they live longer and are able to give less heat more light. The global healthcare lighting market is expected to witness high growth during the forecast period.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global healthcare lighting market. In addition, complete analysis of changes on the global healthcare lighting market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Due to the emergence of COVID-19 LED sales were higher in the healthcare sector, especially in hospitals. Human-centric lightening system is used in in wardrooms to increase sleep cycle, maintain cardiac rhythm. Henceforth the global healthcare lighting market had positive growth during the pandemic situation.
The healthcare lighting market comprises of different market segment like by product, technology, application and geography.
By product, the healthcare lighting market includes key segment of troffers, surface-mounted lights, and surgical lamps. The troffers segment is expected to account major market share in the forecast period. The segment is expected to lead due to factors such as increasing population and increase in the trend for LED-based troffer among the healthcare domain are promoting the growth of the market. LED lights have more lifespan than traditional lights. LED lighting fixtures generate brighter and better quality light that gives a better visibility. Also the surgical lamps lead on the second position and are expected to hold significant market share in the healthcare lighting market in the forecast period.
The healthcare lighting market is classified based on different technology such as fluorescent, LED, renewable energy. The LED segment dominated the market segment holding the largest market share during the forecast period. The segment growth is attributed to the increasing usage of LED lights across the globe. There is a huge demand for the LED segment as it is energy saving and are durable having more lifespan than traditional lights. Adoption of LED lighting is increasing as LED lights are immune to vibrations and resistant to breakage as compared to the traditional lights which ae made up of glass which makes it susceptible to break easily.
The healthcare lighting market finds its major application in patient room, surgical suits, nursing stations, outdoor, nursing facilities, senior living. The patient’s room dominates the segment and is expected to witness the highest growth during the forecast period. The increasing technical advancement and increasing adoption of LED based fixtures in hospitals patient room are the major factors driving growth of this application segment. Regulations necessitating a better infrastructure level in the patient’s rooms as it affect the patients physiologically and psychologically.
The global healthcare lighting market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is lead in the global healthcare lighting market due to large and well established hospitals in the region. The North America healthcare lighting market is attributed due to growing hospitals and clinics that have developed healthcare infrastructure with better service and well equipped with latest technologically advanced equipments. Europe region stands second in ruling the highest share of the global healthcare lighting market due to increasing research and development activities. Also Asia Pacific is likely to have a lucrative growth in the forecast period due to growing number of hospitals and rising medical management system are some of the factors propelling the growth of market in the region.
The key players in healthcare lighting market are Acuity Brands Lighting, Inc., Cree Inc., a company of IDEAL Industries, Inc., Drägerwerk AG & Co. KGaA, Daray Ltd., Eaton Corp. PLC, General Electric Co., Glamox Group, Hill-Rom Co., Inc., Hubbell Inc., Kenall Manufacturing Co., KLS Martin Group, LEDVANCE GmbH, OMS, A.S., Orion Energy Systems Inc., OSRAM GmbH, Signify Netherlands B.V., a company of Koninklijke Philips N.V., Stouch Lighting, Inc., TRILUX GmbH & Co. KG, Visa Lighting, Waldmann Lighting, Wipro Ltd. and Zumtobel Group among others.
August 2021: Acuity Brands, Inc. announced that its Care222 filtered far-UVC module with patent-pending dosing electronics is the first germicidal UV (GUV) source in the wavelength range 200-230 nm (i.e., “far-UVC”) to be UL LLC Certified to meet U.S. and Canadian standards for germicidal equipment for use in occupied spaces. When properly installed and administered, the module is in the Exempt risk group for photobiological hazards, as described in the IEC 62471:2006, Photobiological safety of lamps and lamp systems.
May 2020: Healthe company that manufactures UV Sanitization and Circadian Lighting products built a new technology-based UV-LED troffer light and launched to prevent the spread of COVID-19. This lighting will help remove all bacteria and viruses from the body and sanitize as per the source. It includes three types of tools such as cleanse downlight radiation, purify portal and air sanitizing tools with troffer service.
May 2020: German research institute the Ferdinand-Braun-Institut (FBH) and Technische Universität Berlin (TUB) have developed UV LEDs emitting UV light that is safe to the skin. It will be used for disingection in the hsopitals. According to the FBH, the light does not penetrate into the living layers of the skin because of the high degree of absorption. It is therefore expected that the skin will not be harmed at all or will be damaged so little that the natural repair mechanisms compensate for the effect.
The report analyses the healthcare lighting market based on by product, technology, application and geography. By product, the healthcare lighting market includes key segment of troffers, surface-mounted lights, and surgical lamps. The troffers segment is expected to account major market share in the forecast period. The segment is expected to lead due to factors such as increasing population and increase in the trend for LED-based troffer. The healthcare lighting market is classified based on different technology such as fluorescent, LED, renewable energy. The LED segment dominated the market segment holding the largest market share during the forecast period. The segment growth is attributed to the increasing usage of LED lights across the globe. The healthcare lighting market finds its major application in patient room, surgical suits, nursing stations, outdoor, nursing facilities, senior living. The patient’s room dominates the segment and is expected to witness the highest growth during the forecast period. The global healthcare lighting market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW).
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