Healthcare Environmental Services Market Growth Potential: Key Insights for 2024-2033
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How Will the Healthcare Environmental Services Market Grow from 2024 to 2033?
The environmental services sector in healthcare has witnessed robust growth over recent years. It’s projected to expand from $15.6 billion in 2023 to $17.02 billion in 2024, experiencing a compound annual growth rate (CAGR) of 9.1%. This growth in the previous period can be linked to factors such as labor scarcity, heightened awareness of healthcare-related infections, an increased focus on infection control, an aging population, and a rise in healthcare facilities.
In the coming years, substantial increases are predicted for the healthcare environmental services market size, anticipated to reach a total of $24.18 billion in 2028 at a 9.2% compound annual growth rate (CAGR). Factors contributing to the projected growth during this period include the increased usage of robotics in environmental services, a heightened commitment to sustainable and eco-friendly approaches, expanded demand for external environmental services, increased investment in healthcare infrastructure, and the incorporation of advanced technology for environmental observation. Key trends for the forecast period encompass the use of uv-c disinfection equipment, an increase in green cleaning methods, automation in environmental services, growth of niche-specific environmental service providers and the focus on waste minimization and recycling within healthcare.
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What Aspects Are Influencing the Growth Rate of the healthcare environmental services Market?
The rise in hospital-acquired infections (HAIs) is propelling the growth of the healthcare environmental services market. These are infections which patients get while they are obtaining treatment for a different condition in a healthcare establishment like a hospital or clinic. Healthcare environmental services play an important role in reducing the risk of contracting hospital-acquired infections (HAIs). They help to achieve this by ensuring the areas are disinfected and free from infection. The US Centers for Disease Control and Prevention, a national public health institution reported in 2021 that the standardised infection ratios (SIR) of Ventilator-associated events (VAEs) saw an increase of 51% in Q1 2021. Moreover, the rates of central line-associated bloodstream infections (CLABSIs) rose from 0.97 in Q4 2020 to 1.04 in Q3 2021, and Ventilator-associated events (VAEs) incidences also saw a national increase of 47% across all locations. Therefore, the escalating rate of hospital-acquired infections is triggering the expansion of the healthcare environmental services market.
What Are the Critical Segments of the Healthcare Environmental Services Market?
1) By Type: Janitorial Cleaning Services, Enhanced Cleaning Technology
2) By Facility Type: Acute Care, Post-Acute-Care, Non-Acute Care
3) By End User: Medical Device Companies, Hospitals And Clinics, Pharmaceutical And Biotechnology Companies, Other End Users
What Trends Are Redefining Consumer Expectations in the Healthcare Environmental Services Market?
One trend that is witnessing increasing traction in the healthcare environmental services market is product innovation. Several key players in this market are developing and introducing innovative products like the Tru-D iQ system to consolidate their market stand. For instance, PDI Healthcare, an American infection prevention solutions manufacturer, unveiled the Tru-D SmartUVC disinfection solution in March 2023. The product leverages the company’s proprietary Tru-D technology for smart disinfection of surfaces in hospital and other healthcare environments. The product integrates three elements – the Tru-D iQ Tower, Tru-D iQ Scout, and Tru-D iQ Controller, offering an expanded scope of disinfection against a variety of microorganisms.
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What Are the Leading Regions in the Healthcare Environmental Services Market Expansion?
North America was the largest region in the healthcare environmental services market in 2023. The regions covered in the healthcare environmental services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Healthcare Environmental Services Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the healthcare environmental services market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Healthcare Environmental Services Market Include
1. Healthcare Environmental Services Market Executive Summary
2. Healthcare Environmental Services Market Segments
3. Healthcare Environmental Services Market Size And Template Market Growth Rate
4. Key Healthcare Environmental Services Market Trends
5. Major Healthcare Environmental Services Market Drivers
……
25. Key Mergers And Acquisitions In The Healthcare Environmental Services Market
26. Top Healthcare Environmental Services Companies
27. Healthcare Environmental Services Market Opportunities And Strategies
28. Healthcare Environmental Services Market, Conclusions And Recommendations
29. Appendix
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