The Global Green Hospitals Market Size is valued at 42.33 billion in 2022 and is predicted to reach 133.58 billion by the year 2031 at a 13.79% CAGR during the forecast period for 2023-2031.
Green hospitals, also known as sustainable or eco-friendly hospitals, are healthcare institutions that prioritize environmental sustainability and use practices to reduce their environmental impact. These hospitals strive to encourage environmental sustainability while also offering excellent patient care. Green hospitals' market dynamics, which relate to healthcare facilities that prioritize environmental sustainability, are driven by a variety of factors that drive their adoption and expansion.
Global awareness of environmental challenges and the need for sustainable practices in all industries, including healthcare, is expanding. Green hospitals that prioritize environmental sustainability and promote a healthier earth are in high demand as individuals and organizations become more concerned about their ecological imprint.
However, the COVID-19 epidemic has put a tremendous financial strain on healthcare systems globally. Healthcare organizations have encountered resource limits and fiscal issues, thereby limiting their ability to invest in long-term projects such as green hospital practices. In some circumstances, the emphasis on immediate response and recovery activities may shift attention and resources away from long-term projects.
Competitive Landscape:
Some of the major Green Hospitals market players are:
- Dignity Healths
- HDR, Inc.
- Stryker Corporation
- Gundersen Health System
- Johnson & Johnson
- Schneider Electric SE
- Honeywell International Inc.
- Hitachi, Ltd.
- Johnson Controls International plc
- Trane Technologies plc
- Philips Healthcare, Stericycle, Inc.
- Owens Corning
- Medline Industries, Inc.
- Siemens Healthineers AG
Market Segmentation:
The Green Hospitals Market is segmented on the basis of type of green technology, application, certification, services, and ownership. Based on the type of green technology, the market is segmented as energy-efficient lightning, renewable energy sources, and waste reduction programs. The application segment includes hospitals, clinics, and long-term care facilities. By certification, the market is segmented into LEED certification, green globes corporation, and energy start certification. The services segment includes medical services, surgical services, and emergency services. Ownership segment includes government-owned facilities, private facilities, and non-profit facilities.
Based On Application, The Hospital's Segment Is Accounted As A Major Contributor In The Green Hospitals Market
The hospitals category is expected to hold a major share of the global Green Hospitals Market in 2022. The number of hospitals pursuing sustainability is increasing. International non-profit organizations are assisting hospitals in achieving their zero-emission goals.
The global green hospital movement prioritizes harm-free healthcare. Local organizations are also crucial in driving the momentum for green hospitals. Evidence-based research gives justification for healthcare organizations to invest in long-term initiatives that can improve both patient health and organizational success.
The Medical Services Segment Witnessed Growth At A Rapid Rate
The medical services segment is projected to grow at a rapid rate in the global Green Hospitals Market. Green hospitals offer a full variety of primary and specialist medical services. Consultations, diagnostic tests, treatments, procedures, and follow-up care are provided in a variety of medical specialties, including internal medicine, pediatrics, cardiology, orthopedics, cancer, and others. The medical services provided are focused on providing high-quality, patient-centered treatment while adhering to environmentally friendly practices.
In The Region, The North America Green Hospitals Market Holds A Significant Revenue Share
The North American Green Hospitals Market is expected to register the highest market share in terms of revenue shortly, driven by increasing awareness of the environmental effect of healthcare operations and the possible cost savings of sustainable practices. The United States and Canada have enacted a number of legislation and funding programs to promote healthcare sustainability, creating opportunities for businesses to develop and market environmentally friendly products and services.
The Asia Pacific region is anticipated to see considerable growth in the green hospitals market, owing to rising healthcare spending and heightened awareness of the environmental impact of healthcare operations. China and India, for example, have developed regulations and measures to promote sustainable healthcare practices.
Green Hospitals Market Report Scope:
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Report Attribute |
Specifications |
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Market size value in 2022 |
USD 42.33 Bn |
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Revenue forecast in 2031 |
USD 133.58 Bn |
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Growth rate CAGR |
CAGR of 13.79 % from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Animal Type, Coverage Type, And Sales |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Dignity Healths, HDR, Inc., Stryker Corporation, Gundersen Health System, Johnson & Johnson, Schneider Electric SE, Honeywell International Inc., Hitachi, Ltd., Johnson Controls International plc, Trane Technologies plc, Philips Healthcare, Stericycle, Inc., Owens Corning, Medline Industries, Inc., and Siemens Healthineers AG. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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