The global green hospitals market is characterized by various sustainable practices and technologies adopted by healthcare facilities to minimize environmental impact and optimize the use of resources. Some key initiatives adopted by green hospitals include waste management, energy efficiency, water conservation, sustainable purchasing, and use of non-toxic materials. The initiatives also aim to improve indoor environmental quality, reduce pollution and toxic emissions, and integrate sustainable building design principles.
The Global green hospitals market is estimated to be valued at US$ 54.02 Mn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period of 2024 to 2031.
Key Takeaways
Key players operating in the green hospitals market are Baker Tilly, BDO, CROWE, Deloitte, Ernst & Young Global Limited, Grant Thornton, KPMG, Mazars, PWC, RSM International, and TMF Group. These players are focusing on developing innovative sustainability solutions for hospitals. For instance, Baker Tilly provides advisory services to help healthcare facilities reduce emissions and optimize energy usage.
The growing environmental consciousness among consumers as well as strict regulations regarding resource consumption and emissions are fueling the demand for Green Hospitals Market Growth. Various studies have shown that sustainable practices implemented in hospitals can help lower energy and water bills substantially as well as improve indoor air quality. This is encouraging more healthcare facilities to adopt green technologies and remodeling initiatives.
The global green hospitals market is expanding rapidly as players focus on establishing operations in emerging regions. For example, in 2022 TMF Group partnered with EMR to help develop an 81-bed greenfield hospital project in Vietnam by ensuring compliance with local healthcare and sustainability standards. Similar projects in Asia Pacific, Latin America, Middle East and Africa will continue driving the green hospitals market during the forecast period.
Get more insights on Green Hospitals Market