Construction + Economy, Light + Health

Hospital Lighting Market Projected To Surge

David Shiller May 25, 2022

A recent LD+A article discusses the significant growth projected in the hospital lighting market. growing at a compound annual growth rate (CAGR) of 5%—a revised number from the previously projected $6 billion in 2020. Fluorescent lighting is now projected to reach $3.7 billion at a CAGR of 4.4%, while LED lighting has been readjusted to a growth rate of 5.5% for the next seven-year period. Highlights from the report include:

The U.S. Hospital Lighting market is estimated at $1.6 billion and China is forecast to reach $1.7 billion, with a CAGR of 7.6% over the 2020-2027 period.
Other notable geographic markets include Canada, Germany, and Japan; each is forecast to grow at 4.5%, 3.1%, and 2.8% CAGR respectively.

To learn more visit www.researchandmarkets.com , or read the full article here.

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David Shiller

David Shiller is the Publisher of LightNOW, and President of Lighting Solution Development, a North American consulting firm providing business development services to advanced lighting manufacturers. The ALA awarded David the Pillar of the Industry Award. David has co-chaired ALA’s Engineering Committee since 2010. David established MaxLite’s OEM component sales into a multi-million dollar division. He invented GU24 lamps while leading ENERGY STAR lighting programs for the US EPA. David has been published in leading lighting publications, including LD+A, enLIGHTenment Magazine, LEDs Magazine, and more.

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