The green hospitals global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Green Hospitals Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Green Hospitals Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Green Hospitals Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the green logistics market are focused on innovative, rapid technological advancements such as AI-powered carbon emission trackers to help companies meet their supply chain sustainability goals. AI-powered carbon emissions refer to the environmental impact of artificial intelligence technologies on carbon emissions and energy consumption. For instance, in October 2022, DispatchTrack Software Pvt. Ltd., a US-based web-based delivery and logistics management platform, launched AI-Powered CO2 tracking. This innovative system is designed to help companies meet their supply chain sustainability goals by providing real-time carbon emissions measurement and optimization capabilities. The AI-powered CO2 tracking feature enables companies to understand their carbon output on a per-route, per-stop, and per-vehicle basis, optimize routes to reduce CO2 emissions and visualize the impact of their sustainability initiatives. Through utilizing AI technology, DispatchTrack’s route optimization engine identifies green delivery options that use efficient routes with fewer miles driven and less fuel spent, eventually helping last-mile delivery companies lower fuel consumption by at least 10%.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Green Hospitals Market Report Structure
3. Green Hospitals Market Trends And Strategies
4. Green Hospitals Market – Macro Economic Scenario
5. Green Hospitals Market Size And Growth
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27. Green Hospitals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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