Overview and Scope
Green hospitals refer to healthcare facilities that prioritize environmental sustainability and minimize their ecological footprint. These facilities implement practices such as waste reduction, water conservation, and the use of eco-friendly materials to promote both human health and environmental well-being.
Sizing and Forecast
The green hospitals market size has grown rapidly in recent years. It will grow from $40.56 billion in 2023 to $45.81 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to global awareness of environmental challenges, the need for sustainable practices, the increasing number of hospitals pursuing sustainability, the adoption of renewable energy, and green hospitals contributing significantly to carbon emissions.
The green hospitals market size is expected to see rapid growth in the next few years. It will grow to $75.4 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to organizations assisting hospitals in achieving their zero-emission goals, use of sustainable building materials, developing of green hospitals, increasingly adopting green procurement policies, and healthcare initiatives to promote sustainability. Major trends in the forecast period include technological advancements, advanced technologies such as energy-efficient lighting, renewable energy sources, waste reduction programs to enhance sustainability, and a wide range of environmentally conscious healthcare services.
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Segmentation & Regional Insights
The green hospitals market covered in this report is segmented –
1) By Type Of Green Technology: Energy-Efficient Lightning, Renewable Energy Sources, Waste Reduction Programs
2) By Services: Medical Services, Surgical Services, Emergency Services
3) By Certification Range: Leadership In Energy And Environmental Design (LEED) Certification, Green Globes Corporation, Energy Star Certification
4) By Ownership: Government-Owned Facilities, Private Facilities, Non-Profit Facilities
5) By Application: Hospitals, Clinics, Long-Term Care Facilities
North America was the largest region in the green hospitals market in 2023. Asia-Pacific is the fastest growing region in the market. The regions covered in the green hospitals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising government initiatives to promote sustainable healthcare are expected to propel the growth of the green hospital market going forward. Government initiatives to promote sustainable healthcare refer to policies and actions to ensure healthcare systems meet current needs without compromising resources or the environment for future generations. Government initiatives are fostering sustainable healthcare by prioritizing resource conservation, equitable access to healthcare, and promoting eco-friendly practices, including energy-efficient infrastructure, renewable energy integration, and waste reduction, particularly in green hospitals. For instance, in November 2023, The American Hospital Dubai, a UAE-based healthcare facility, responding to the UAE government’s call for sustainability, introduced the American Hospital Sustainable Policy. This initiative targets achieving environmentally sustainable practices by 2025, establishing the healthcare facility as a frontrunner in carbon reduction efforts. The hospital has already demonstrated significant progress, reducing its energy use intensity (EUI) from 47 in 2020 to 34 in 2022, resulting in substantial savings of 20,384,129 kWh (kilowatt-hours) and implementing water conservation measures such as touchless faucets, leading to the daily preservation of 2,176 gallons of water. Therefore, the rising government initiatives to promote sustainable healthcare are driving the growth of the green hospital market.
Key Industry Players
Major companies operating in the green hospitals market are Hitachi Ltd., Siemens AG, Schneider Electric SE, Honeywell International Inc., Johnson Controls International PLC, Lyngsoe Systems A/S, Medline Industries Inc., Eaton Corp., Waste Management Inc., Koninklijke Philips N.V., Trane Technologies Plc, Northwell Health Inc., Dignity Health, Owens-Corning Overseas Holdings Inc., GE HealthCare Technologies Inc., Mount Sinai Health System Inc., Stericycle Inc., HDR Inc., Celitron Inc., Max Healthcare Ltd., Jehangir Hospital, Dell Children’s Medical Center, Gundersen Lutheran Health System Inc., Boulder Community Health, Bronson Methodist Hospital, All India Institutes of Medical Sciences (AIIMS), Tuttnauer B.V
The green hospitals market report table of contents includes:
1. Executive Summary
2. Green Hospitals Market Characteristics
3. Green Hospitals Market Trends And Strategies
4. Green Hospitals Market – Macro Economic Scenario
5.Global Green Hospitals Market Size and Growth
…
32. Global Green Hospitals Market Competitive Benchmarking
33. Global Green Hospitals Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Green Hospitals Market
35.Green Hospitals Market Future Outlook and Potential Analysis
36. Appendix
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