Global Green Hospitals Market Size Forecast 2024 - 2033
23 Dec, 2024
How Is The Global Green Hospitals Market Defined?
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.
Green Hospitals Global Market Report 2024 provides data on the global green hospitals market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The green hospitals market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Green Hospitals Market Size And Annual Growth Rates?
The market for green hospitals has grown significantly, rising from $40.56 billion in 2023 to $45.81 billion in 2024 at a CAGR of 12.9%. This growth can be attributed to increased global awareness of environmental issues, a push for sustainable operations, the rising adoption of renewable energy, and the role of green hospitals in reducing carbon emissions. Moving forward, the market is projected to grow to $75.4 billion by 2028, at a CAGR of 13.2%. Contributing factors include initiatives aimed at achieving zero-emission goals, the use of sustainable materials, and growing green procurement policies in healthcare. Notable trends include the use of advanced technologies like energy-efficient lighting, renewable energy systems, and programs aimed at minimizing waste to enhance sustainability.
Which Key Drivers Are Propelling The Green Hospitals Market's Growth?
The increasing government efforts to promote sustainable healthcare are anticipated to fuel the growth of the green hospital market in the coming years. These initiatives aim to ensure that healthcare systems meet current needs without depleting resources or harming the environment for future generations. Governments are encouraging sustainable healthcare by focusing on resource conservation, ensuring equitable access to healthcare, and adopting eco-friendly practices, such as energy-efficient infrastructure and waste reduction, especially in green hospitals. For instance, in November 2023, the American Hospital Dubai introduced its Sustainable Policy, aligned with the UAE government's sustainability goals, aiming for environmentally sustainable practices by 2025. The hospital has already achieved significant progress, reducing energy usage and implementing water conservation measures. Therefore, the rising government initiatives to foster sustainable healthcare are driving the growth of the green hospital market.
Get Your Free Sample of the Global Green Hospitals Market ReportWhat Are The Key Segments Within The Global Green Hospitals Market?
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
How Are New Trends Impacting The Size Of The Green Hospitals Market?
Companies in the green hospital market are establishing strategic partnerships to integrate sustainability into healthcare facilities. These partnerships help develop and implement technologies and practices that promote environmental conservation and operational efficiency in hospitals. For example, in February 2024, the Nordic Center for Sustainable Healthcare (NCSH) partnered with Mamta Health Institute for Mother and Child (MAMTA HIMC) to create a green hospital initiative. This collaboration focuses on empowering healthcare providers to adopt green practices like waste management, energy efficiency, and water conservation to enhance environmental stewardship and patient care.
Which Region Drives The Highest Growth In The Green Hospitals Market?
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.