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Global Specialty Lighting Market by Medical Type (Examination, Surgical), by Light Type (LED), by Application (Purification, Entertainment) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ES-73603
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 59
  • No. Of Pages: 229
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  • Pub. Date: 2021-10-21
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Summary of the Report

In 2019, the global specialty lighting market was worth USD 5.3 billion. The market is expected to grow at a 7.0% compound annual growth rate (CAGR), between 2020 and 2027. Market growth is being driven by the increasing adoption of lighting solutions that are specific to certain purposes and the increased need for improved illumination in medical, entertainment, as well as other industries. The key growth driver is expected to be UV lamps for disinfection surface, air, or water. The demand for specialty lighting solutions is also increasing due to the growing number of events worldwide, such as music concerts and the fast-growing entertainment industry.

Specialty lighting is in high demand due to the increased number of events such as concerts tours and sporting competitions. Nearly 1 million people attend the U.S.'s over 800 music festivals each year. Japan, India and South Korea are the most visited countries for music concerts. These big events help specialty lighting vendors generate significant revenue each year. The market is also growing due to rising demand from television series production entities, opera sets, and film industry.

Market growth is also expected to be aided by technological advancements such as IoT smart lighting solutions and . Smart lights connected via app are widely used at clubs and events. However, these lighting solutions are more expensive to install. Market growth is hindered by strict regulations in the lighting industry, such as the Energy Star Program (UNEP), the National Electric Code (NEC) and the United Nations Environment Programme (UNEP).

Market growth has been slowed by the COVID-19 pandemic that led to lockdown and curfew around the globe. Due to the expansion of temporary hospitals, and increased demand for examination and surgical facilities, medical lighting will continue to be in demand. Many countries around the world are experiencing a shortage of hospital beds. This needs to be addressed by building new isolation and treatment areas and purchasing more medical equipment and lighting.

Light Type Insights

In 2019, the LED light segment accounted for more than 65% of the market. Due to their longer life span, lower heating costs, and low cost, LED bulbs have seen a significant increase in market share. The LED lights have dominated every aspect of lighting including architectural, smart, decorative, specialty and architectural lighting. They can be used in a variety of fixture designs that produce color and pattern.

Because LED is lightweight, specialty lighting is increasingly in demand. Another reason for LED specialty lights being adopted is their longer shelf life. Incandescent and halogen lights can break and fuse over time, but LED specialty lights don't break because they have a smaller frame. They also consume less electricity than traditional lights.

Application Insights

In 2019, the entertainment segment held a significant market share of more than 42%. The entertainment segment will continue to dominate the market in the coming years. This is because the industry relies on many forms of photography lighting and cinematography, including fill lighting, backlighting and practical lighting. Segment growth is greatly influenced by the film industry (e.g. Hollywood and Bollywood). The film industry also hosts numerous awards shows and events that feature specialty lighting, which further boosts growth.

The highest expected CAGR for the purification segment will be 7.9% during the forecast period. This is due to the increased use of UV lamps for purifying water, air and surfaces. Due to the depletion of water resources and recycling wastewater, water purification is becoming more important around the world. Air purification is also essential in pharma and testing laboratories to prevent foreign particles from medicine or samples. Surface purification is necessary to disinfect the area or prevent the growth of bacteria. UV-CLEAN is a non-touch technology that uses a very lethal wavelength to kill microorganisms. It uses an automated disinfection system to activate microorganisms genetically using UV-C energy. The application of ultraviolet lighting to purify or disinfect a place is expected help in segment growth.

Medical Type Insights

The largest segment, accounting for more than 53% of global market share in 2019, was surgical lighting. The medical industry has a lot of specialty lighting that is essential for better visibility during procedures. Technical and operational guidelines for surgical and examination lighting require 85 CRI to 100 color renditions and a color temperature of 3,000K to 6,700K. Examination lighting is sufficient with a 1,000lx light output. The range of illumination required for surgical lighting is between 40,000lx and 160,000lx.

With the advent of modern operating equipment, surgical lighting is becoming more popular to prevent fatalities during surgery. The reliability of surgical lighting has been further enhanced by the introduction of LED lights. Due to increasing product demand, the examination lighting market is expected to grow at the fastest rate between 2020 and 2027. The dedicated examination lighting allows the doctor or examiner to prevent any mishaps while using the tool. This will support market growth.

Regional Insights

North America accounted for the largest market share, with over 35% in 2019, and will continue to dominate the market during the forecast period. Major lighting companies provide services in many areas such as entertainment, water treatment and medical. The region's rapidly growing end-use industries such as entertainment are also contributing to the increased product demand. The increased demand for surgical and exam lighting is also due to the strong healthcare systems in Canada and the U.S.

Asia Pacific is expected to see the fastest CAGR during the forecast period. This is due to the increasing use of specialty lightings in many industries. Market vendors consider India's entertainment industry to be one of their most preferred markets. There is constant demand. Regional market growth is also being supported by the healthcare industry in Japan and China. Market growth is also supported by the extensive use of the harbor for lightening up and improving safety and productivity, while still operating at night.

Market Share Insights & Key Companies

Major companies are focused on product launches, partnerships, M&A, and M&A to increase their market share and expand their portfolio. SLD Laser's Laser Light products were launched in January 2019 for specialty lighting applications. They provide a nearly ten-fold brighter light than LED and have a longer illumination range of up 1km. SLD Laser also has lower power consumption, a longer life span, and a higher directional output than LED. Signify Holding purchased "Cooper Lighting Solutions" (Eaton) in March 2020. This acquisition will help strengthen Signify's position in North America. The following are some of the major players in the specialty lighting market:

  • Advanced specialty lighting

  • Brandon Medical

  • CREE (IDEAL INDUSTRIES INC.)

  • Getinge AB

  • Herbert Waldmann

  • Integra Lifesciences

  • OSRAM GmbH

  • Signify Holding

  • Steris PLC

  • USHIO

Up Market Research published a new report titled “Specialty Lighting Market research report which is segmented by Medical Type (Examination, Surgical), by Light Type (LED), by Application (Purification, Entertainment), By Players/Companies Integra Lifesciences, CREE (IDEAL INDUSTRIES INC), Herbert Waldmann, USHIO, Getinge AB, OSRAM GmbH, Signify Holding, Brandon Medical, Advanced Specialty Lighting, Steris PLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleSpecialty Lighting Market Research Report
By Medical TypeExamination, Surgical
By Light TypeLED
By ApplicationPurification, Entertainment
By CompaniesIntegra Lifesciences, CREE (IDEAL INDUSTRIES INC), Herbert Waldmann, USHIO, Getinge AB, OSRAM GmbH, Signify Holding, Brandon Medical, Advanced Specialty Lighting, Steris PLC
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages229
Number of Tables & Figures161
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Specialty Lighting Industry Outlook

Global Specialty Lighting Market Report Segments:

The market is segmented by Medical Type (Examination, Surgical), by Light Type (LED), by Application (Purification, Entertainment).

Specialty Lighting Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Specialty Lighting Market

Overview of the regional outlook of the Specialty Lighting Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Specialty Lighting Market Overview

Highlights of The Specialty Lighting Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Specialty Lighting Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Medical Type:

                1. Examination

                2. Surgical

        7. By Light Type:

                1. LED

        8. By Application:

                1. Purification

                2. Entertainment

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Specialty Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Specialty Lighting Market Trends

Reasons to Purchase the Specialty Lighting Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Specialty Lighting Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Specialty Lighting Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Specialty Lighting Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Specialty Lighting Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Specialty Lighting Market Size & Forecast, 2018-2028 
      4.5.1 Specialty Lighting Market Size and Y-o-Y Growth 
      4.5.2 Specialty Lighting Market Absolute $ Opportunity 


Chapter 5 Global Specialty Lighting Market Analysis and Forecast by Medical Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Medical Type
      5.1.2 Basis Point Share (BPS) Analysis by Medical Type
      5.1.3 Absolute $ Opportunity Assessment by Medical Type
   5.2 Specialty Lighting Market Size Forecast by Medical Type
      5.2.1 Examination
      5.2.2 Surgical
   5.3 Market Attractiveness Analysis by Medical Type

Chapter 6 Global Specialty Lighting Market Analysis and Forecast by Light Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Light Type
      6.1.2 Basis Point Share (BPS) Analysis by Light Type
      6.1.3 Absolute $ Opportunity Assessment by Light Type
   6.2 Specialty Lighting Market Size Forecast by Light Type
      6.2.1 LED
   6.3 Market Attractiveness Analysis by Light Type

Chapter 7 Global Specialty Lighting Market Analysis and Forecast by Application
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Application
      7.1.2 Basis Point Share (BPS) Analysis by Application
      7.1.3 Absolute $ Opportunity Assessment by Application
   7.2 Specialty Lighting Market Size Forecast by Application
      7.2.1 Purification
      7.2.2 Entertainment
   7.3 Market Attractiveness Analysis by Application

Chapter 8 Global Specialty Lighting Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Specialty Lighting Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region

Chapter 9 Coronavirus Disease (COVID-19) Impact 
   9.1 Introduction 
   9.2 Current & Future Impact Analysis 
   9.3 Economic Impact Analysis 
   9.4 Government Policies 
   9.5 Investment Scenario

Chapter 10 North America Specialty Lighting Analysis and Forecast
   10.1 Introduction
   10.2 North America Specialty Lighting Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Specialty Lighting Market Size Forecast by Medical Type
      10.6.1 Examination
      10.6.2 Surgical
   10.7 Basis Point Share (BPS) Analysis by Medical Type 
   10.8 Absolute $ Opportunity Assessment by Medical Type 
   10.9 Market Attractiveness Analysis by Medical Type
   10.10 North America Specialty Lighting Market Size Forecast by Light Type
      10.10.1 LED
   10.11 Basis Point Share (BPS) Analysis by Light Type 
   10.12 Absolute $ Opportunity Assessment by Light Type 
   10.13 Market Attractiveness Analysis by Light Type
   10.14 North America Specialty Lighting Market Size Forecast by Application
      10.14.1 Purification
      10.14.2 Entertainment
   10.15 Basis Point Share (BPS) Analysis by Application 
   10.16 Absolute $ Opportunity Assessment by Application 
   10.17 Market Attractiveness Analysis by Application

Chapter 11 Europe Specialty Lighting Analysis and Forecast
   11.1 Introduction
   11.2 Europe Specialty Lighting Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Specialty Lighting Market Size Forecast by Medical Type
      11.6.1 Examination
      11.6.2 Surgical
   11.7 Basis Point Share (BPS) Analysis by Medical Type 
   11.8 Absolute $ Opportunity Assessment by Medical Type 
   11.9 Market Attractiveness Analysis by Medical Type
   11.10 Europe Specialty Lighting Market Size Forecast by Light Type
      11.10.1 LED
   11.11 Basis Point Share (BPS) Analysis by Light Type 
   11.12 Absolute $ Opportunity Assessment by Light Type 
   11.13 Market Attractiveness Analysis by Light Type
   11.14 Europe Specialty Lighting Market Size Forecast by Application
      11.14.1 Purification
      11.14.2 Entertainment
   11.15 Basis Point Share (BPS) Analysis by Application 
   11.16 Absolute $ Opportunity Assessment by Application 
   11.17 Market Attractiveness Analysis by Application

Chapter 12 Asia Pacific Specialty Lighting Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Specialty Lighting Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Specialty Lighting Market Size Forecast by Medical Type
      12.6.1 Examination
      12.6.2 Surgical
   12.7 Basis Point Share (BPS) Analysis by Medical Type 
   12.8 Absolute $ Opportunity Assessment by Medical Type 
   12.9 Market Attractiveness Analysis by Medical Type
   12.10 Asia Pacific Specialty Lighting Market Size Forecast by Light Type
      12.10.1 LED
   12.11 Basis Point Share (BPS) Analysis by Light Type 
   12.12 Absolute $ Opportunity Assessment by Light Type 
   12.13 Market Attractiveness Analysis by Light Type
   12.14 Asia Pacific Specialty Lighting Market Size Forecast by Application
      12.14.1 Purification
      12.14.2 Entertainment
   12.15 Basis Point Share (BPS) Analysis by Application 
   12.16 Absolute $ Opportunity Assessment by Application 
   12.17 Market Attractiveness Analysis by Application

Chapter 13 Latin America Specialty Lighting Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Specialty Lighting Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Specialty Lighting Market Size Forecast by Medical Type
      13.6.1 Examination
      13.6.2 Surgical
   13.7 Basis Point Share (BPS) Analysis by Medical Type 
   13.8 Absolute $ Opportunity Assessment by Medical Type 
   13.9 Market Attractiveness Analysis by Medical Type
   13.10 Latin America Specialty Lighting Market Size Forecast by Light Type
      13.10.1 LED
   13.11 Basis Point Share (BPS) Analysis by Light Type 
   13.12 Absolute $ Opportunity Assessment by Light Type 
   13.13 Market Attractiveness Analysis by Light Type
   13.14 Latin America Specialty Lighting Market Size Forecast by Application
      13.14.1 Purification
      13.14.2 Entertainment
   13.15 Basis Point Share (BPS) Analysis by Application 
   13.16 Absolute $ Opportunity Assessment by Application 
   13.17 Market Attractiveness Analysis by Application

Chapter 14 Middle East & Africa (MEA) Specialty Lighting Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Specialty Lighting Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Specialty Lighting Market Size Forecast by Medical Type
      14.6.1 Examination
      14.6.2 Surgical
   14.7 Basis Point Share (BPS) Analysis by Medical Type 
   14.8 Absolute $ Opportunity Assessment by Medical Type 
   14.9 Market Attractiveness Analysis by Medical Type
   14.10 Middle East & Africa (MEA) Specialty Lighting Market Size Forecast by Light Type
      14.10.1 LED
   14.11 Basis Point Share (BPS) Analysis by Light Type 
   14.12 Absolute $ Opportunity Assessment by Light Type 
   14.13 Market Attractiveness Analysis by Light Type
   14.14 Middle East & Africa (MEA) Specialty Lighting Market Size Forecast by Application
      14.14.1 Purification
      14.14.2 Entertainment
   14.15 Basis Point Share (BPS) Analysis by Application 
   14.16 Absolute $ Opportunity Assessment by Application 
   14.17 Market Attractiveness Analysis by Application

Chapter 15 Competition Landscape 
   15.1 Specialty Lighting Market: Competitive Dashboard
   15.2 Global Specialty Lighting Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      15.3.1 Integra Lifesciences
      15.3.2 CREE (IDEAL INDUSTRIES INC)
      15.3.3 Herbert Waldmann
      15.3.4 USHIO
      15.3.5 Getinge AB
      15.3.6 OSRAM GmbH
      15.3.7 Signify Holding
      15.3.8 Brandon Medical
      15.3.9 Advanced Specialty Lighting
      15.3.10 Steris PLC
Segments Covered in the Report
The global Specialty Lighting market has been segmented based on

By Medical Type
  • Examination
  • Surgical
By Light Type
  • LED
By Application
  • Purification
  • Entertainment
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Integra Lifesciences
  • CREE (IDEAL INDUSTRIES INC)
  • Herbert Waldmann
  • USHIO
  • Getinge AB
  • OSRAM GmbH
  • Signify Holding
  • Brandon Medical
  • Advanced Specialty Lighting
  • Steris PLC

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