Hospital Lighting Market to Double by 2026 to $10.4B - Energy Watch News

Hospital Lighting Market to Double by 2026 to $10.4B

According to the publisher, the Hospital Lights Market is accounted for $5.10 billion in 2017 and is expected to reach $10.42 billion by 2026 growing at a CAGR of 8.3% from 2017 to 2026. Growing government initiatives for energy efficiency programs in hospitals, rising number of hospitals in developing economies, lower operational cost, cheaper cost and the increasing acceptance of LED based lighting products are some of the key factors responsible for the market growth. In hospitals, infrastructure lighting is one of the main aspects. The effect of Ambient lighting in hospital rooms impacts a variety of activities in hospitals. These lights are valuable which accomplish visual tasks and thereby reducing errors and controlling the body’s circadian system. Moreover, it also influences the mood and insight of patients and healthcare staff. Hence, hospital lighting and its efficient implementation is being considered as a critical parameter in the hospital infrastructure development. 6/18 BusinessWire

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