Green hospitals market
Green Hospitals Market, By Service Type (Accident & Emergency Services, Emergency room services, X-ray/Radiology services, General and specialty surgical services, Investigation and Diagnostic Services, Paediatric Care Services, Physiotherapy, Laboratory Services, Orthopaedics & Joint Replacement Services, Others (Nutrition and dietetics service, etc.)), By Ownership (Government-owned Facilities, Private Facilities, Non-profit Facilities), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
- Oct 2023
- CMI5700
- 180 Pages
- Excel & Pdf
- Healthcare IT
Global Green Hospitals Market is expected to experience significant growth in the near future due to increasing demand for sustainable healthcare facilities and government regulations and initiatives to reduce the carbon footprint. The global green hospitals market was valued at US$ 46.11 Bn in 2023, and is expected to exhibit compound annual growth rate (CAGR) of 12.5% to reach US$ 105.21 Bn by 2030.
Green hospitals are healthcare facilities that prioritize sustainable and environmentally-friendly practices in their operations. This includes things like energy-efficient lighting and heating, ventilation, and air conditioning (HVAC) systems, waste reduction and recycling programs, and the use of eco-friendly materials and products.
Global Green Hospitals Market- Regional Insights by 2018 - 2030
- North America is expected to dominate the green hospitals market due to high adoption of sustainable healthcare practices in the region. The U.S. is expected to be a key market for green hospitals, as the country has a large healthcare industry and growing focus on sustainable practices. The market share of green hospitals in this region is estimated to be around 35%.
- Europe is also expected to be a significant market for green hospitals, and the market growth is driven by strong government initiatives and regulations to reduce the environmental impact of healthcare operations. Countries such as Germany, France, and the U.K. are expected to be key markets for green hospitals in the region. The market share of green hospitals in Europe is approximately 30%.
- Asia Pacific is expected to be the fastest-growing market for green hospitals due to rapid urbanization, increasing healthcare spending, and growing awareness of the environmental impact of healthcare. China, India, and Japan are expected to be key markets for green hospitals in the region. The market share of green hospitals in Asia Pacific is around 15%.
Global Green Hospitals Market- Drivers
- Growing awareness about environmental impact of healthcare: Growing awareness about environmental sustainability and carbon footprint of healthcare operations is a key factor driving growth of green hospitals market globally. There is an increasing recognition that hospitals contribute significantly to carbon emissions and pollution through their energy-intensive facilities, equipment, faulty waste management practices and others. For instance, on September 12, 2023, according to the report published by National Center for Biotechnology Information (NCBI), the healthcare industry has a substantial impact on the environment through its use of resources, waste generation, and pollution. To manage and reduce its impact, it is essential to measure the pressures of healthcare activities on the environment. As more people become aware of this impact, there is increase in demand for sustainable and environmentally-friendly healthcare facilities.
- Government initiatives to promote sustainable healthcare: Many governments around the world are implementing regulations and initiatives to promote sustainable healthcare practices including the development of green hospitals. This includes incentives for hospitals to reduce their environmental impact such as tax credits for energy-efficient equipment or grants for waste reduction programs.
Figure 1: Global Green Hospital Market Share (%), By Region, 2023
Global Green Hospitals Market- Opportunities
- Adoption of renewable energy: Healthcare facilities can adopt renewable energy sources such as solar, wind, and geothermal power to reduce their reliance on fossil fuels and reduce their carbon footprint. This presents an opportunity for the development of green hospitals that use renewable energy sources to power their operations. For instance, on August 2, 2023, the AIIMS Delhi signed an agreement with the Indian Renewable Energy Development Agency Limited (IREDA) to initiate the technical assessment of the hospital campus for converting it into a green hospital which is powered by solar energy.
- Use of sustainable building materials: The use of sustainable building materials such as bamboo, recycled plastic, and eco-friendly insulation can help to reduce the environmental impact of healthcare facilities. This presents an opportunity for the development of green hospitals that prioritize the use of sustainable building materials in their construction.
- Implementation of waste reduction programs: Healthcare facilities generate a significant amount of waste, and most of these can be recycled or reused. The implementation of waste reduction programs presents an opportunity for the development of green hospitals that prioritize waste reduction and recycling.
- Development of green supply chains: Healthcare facilities can work with suppliers to develop green supply chains, and thus, reducing the environmental impact of the entire healthcare system. This presents an opportunity for the development of green hospitals that prioritize the use of eco-friendly products and materials in their operations.
Green Hospitals Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 46.11 Bn |
Historical Data for: | 2018 to 2022 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 12.5% | 2030 Value Projection: | US$ 105.21 Bn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Boulder Community Health, Northwell Health, Bronson Methodist Hospital, Laguna Honda Replacement Hospital and Rehabilitation Center, Lauder Center for Maternity Care, Legacy Health, Providence, Winship Cancer Institute of Emory University, Dell Children’s Medical Center, Aga Khan Foundation, Aarhus University Hospital, AIIMS, Jehangir Hospital, Saifee Hospital Trust, ESIC, Max Healthcare, Kohinoor Group, Govt. Mohan Kumaramangalam Medical College & Hospital, Aster Hospitals, Inc., HINDUJA GROUP, MedHealth Medical Centre, and Cintocare |
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Growth Drivers: |
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Restraints & Challenges: |
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Global Green Hospitals Market- Trends
- Adoption of green procurement: Healthcare facilities are increasingly adopting green procurement policies that prioritize the use of eco-friendly products and materials. This trend is driven by the need to reduce the environmental impact of healthcare operations and to meet sustainability targets.
Global Green Hospitals Market- Restraints
- High upfront costs: The initial investment required to develop and implement green hospital practices can be high including the cost of upgrading equipment, renovating facilities, and implementing waste reduction programs. This can be a significant barrier in entry of healthcare facilities, especially those with limited budgets.
- Lack of awareness and education: Despite growing awareness of the environmental impact of healthcare, there is still lack of education and awareness among healthcare professionals and patients about sustainable healthcare practices. This can make it difficult to promote the adoption of green hospital practices, and this can limit demand for sustainable healthcare facilities.
- Limited funding and financing options: Financing options for green hospital projects can be limited, especially in developing countries. This can make it difficult for healthcare facilities to secure the funding needed to develop sustainable practices and facilities.
Figure 2: Global Green Hospital Market Share By Service Type
Global Green Hospitals Market: Recent Developments
New product launches
- Stericycle's EcoSharp containers: In 2020, Stericycle, a provider of waste management services launched its EcoSharp containers that are designed to safely and sustainably collect and dispose of medical sharps waste.
Acquisition and partnerships
- Siemens Healthineers' acquisition of Varian Medical Systems: In 2021, Siemens Healthineers, a leading medical technology company completed its acquisition of Varian Medical Systems, a company that provides cancer care solutions. The acquisition is expected to help Siemens Healthineers in expanding its product offerings in the healthcare industry and accelerate the development of sustainable healthcare solutions.
- Medline announced two new healthcare sustainability programs: In 2020, Medline, a healthcare company announced two new healthcare sustainability programs. The programs: a green product portfolio and a sustainable packaging lab will help the hospitals in reducing the amount of product waste that came out from their facilities.
- Koninklijke Philips N.V. s' acquisition of BioTelemetry: In 2021, Koninklijke Philips N.V., a health technology company completed its acquisition of BioTelemetry, a company that provides remote cardiac monitoring solutions. The acquisition is expected to help Philips to expand its remote patient monitoring capabilities and improve sustainability practices in healthcare.
Top healthcare facilities in Global Green Hospitals Market:
- Boulder Community Health
- Northwell Health
- Bronson Methodist Hospital
- Laguna Honda Replacement Hospital and Rehabilitation Center
- Lauder Center for Maternity Care
- Legacy Health
- Providence
- Winship Cancer Institute of Emory University
- Dell Children’s Medical Center
- Aga Khan Foundation
- Aarhus University Hospital
- AIIMS
- Jehangir Hospital
- Saifee Hospital Trust
- ESIC
- Max Healthcare
- Kohinoor Group
- Govt. Mohan Kumaramangalam Medical College & Hospital
- Aster Hospitals, Inc.
- HINDUJA GROUP
- MedHealth Medical Centre
- Cintocare
Definition: Green hospitals, also known as sustainable hospitals or eco-friendly hospitals are healthcare facilities that are designed to operate with a focus on environmental sustainability and minimizing their ecological impact. These hospitals prioritize energy efficiency, resource conservation, waste reduction, and environmentally friendly practices throughout their operations.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Service Type
- Market Snippet, By Ownership
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Increasing number of green hospitals worldwide
- High initial investments and need for trained manpower
- Rising number of hospitals moving toward sustainability
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Mergers, Acquisitions and Collaborations
- Market Dynamics
- Global Green Hospitals Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Global Green Hospitals Market, By Service Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Accident & Emergency Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Emergency Room Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- X-ray/Radiology services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- General and Specialty Surgical Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Investigation and Diagnostic Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Paediatric Care Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Physiotherapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Laboratory Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Orthopaedics & Joint Replacement Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Others (Nutrition and dietetics service, etc)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Introduction
- Global Green Hospitals Market, By Ownership, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Government-owned Facilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Private Facilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Non-profit Facilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Bn)
- Introduction
- Global Green Hospitals Market, By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Ownership, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 – 2030, (US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Ownership, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 – 2030, (US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Ownership, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 – 2030, (US$ Bn)
- India
- China
- Japan
- Australia
- ASEAN
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Ownership, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 – 2030, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Ownership, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 – 2030, (US$ Bn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Ownership, 2018 – 2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 – 2030, (US$ Bn)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Boulder Community Health
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Northwell Health
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bronson Methodist Hospital
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Laguna Honda Replacement Hospital and Rehabilitation Center
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Lauder Center for Maternity Care
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Legacy Health
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Providence
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Winship Cancer Institute of Emory University
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Dell Children’s Medical Center
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Aga Khan Foundation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Aarhus University Hospital
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- AIIMS
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Jehangir Hospital
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Saifee Hospital Trust
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ESIC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Max Healthcare
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Kohinoor Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Govt. Mohan Kumaramangalam Medical College & Hospital
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Aster Hospitals, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- HINDUJA GROUP
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- MedHealth Medical Centre
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Cintocare
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Analyst Views
- Boulder Community Health
- Company Profiles
- Section
- Research Methodology
- About us
*Browse 24 market data tables and 28 figures on "Global Green Hospitals Market” – Global forecast to 2030
Global Green Hospitals Market Detailed Segmentation:
- By Service Type:
- Accident & Emergency Services
- Emergency Room Services
- X-ray/Radiology Services
- General and Specialty Surgical Services
- Investigation and Diagnostic Services
- Paediatric Care Services
- Physiotherapy
- Laboratory Services
- Orthopaedics & Joint Replacement Services
- Others (Nutrition and Dietetics Service, etc.)
- By Ownership:
- Government-owned Facilities
- Private Facilities
- Non-profit Facilities
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa