PUBLISHER: The Business Research Company | PRODUCT CODE: 1427844
PUBLISHER: The Business Research Company | PRODUCT CODE: 1427844
Healthcare environmental services encompass the department and functions within a healthcare facility that are responsible for upholding a clean, safe, and hygienic environment. These services play a crucial role in preventing the spread of infections, ensuring patient safety, and promoting overall health and well-being within the healthcare setting.
The primary types of healthcare environmental services include janitorial cleaning services and enhanced cleaning technology. Janitorial cleaning services involve professional cleaning services offered by companies or individuals who specialize in maintaining the cleanliness and upkeep of various commercial, industrial, and residential spaces. These services are utilized across different facility types, such as acute care, post-acute care, and non-acute care, and find applications in medical device companies, hospitals and clinics, pharmaceutical and biotechnology companies, among others.
The healthcare environmental services market research report is one of a series of new reports from The Business Research Company that provides healthcare environmental services market statistics, including healthcare environmental services industry global market size, regional shares, competitors with a healthcare environmental services market share, detailed healthcare environmental services market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare environmental services industry. This healthcare environmental services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The healthcare environmental services market size has grown strongly in recent years. It will grow from $15.6 billion in 2023 to $17.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth observed in the historical period can be attributed to a shortage of labor, heightened awareness of healthcare-associated infections, an increased focus on infection control, a growing aging population, and a surge in healthcare facilities.
The healthcare environmental services market size is expected to see strong growth in the next few years. It will grow to $24.18 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The anticipated growth in the forecast period can be attributed to the adoption of robotics in environmental services, an increasing emphasis on sustainable and eco-friendly practices, a growing demand for outsourcing environmental services, rising investments in healthcare infrastructure, and the integration of smart technologies for environmental monitoring. Major trends expected in the forecast period include the use of UV-C disinfection systems, the expansion of green cleaning practices, the adoption of automation in environmental services, the growth of specialized environmental service providers, and an emphasis on waste reduction and recycling in healthcare.
The growth of the healthcare environmental services market is being propelled by an increase in the prevalence of hospital-acquired infections. Hospital-acquired infections (HAIs) are infections that patients contract while undergoing treatment for another condition in a healthcare setting, such as a hospital or clinic. Healthcare environmental services play a crucial role in reducing the risk of hospital-acquired infections (HAIs) by ensuring that surfaces remain sterile and free from infections. For example, in 2021, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the US standardized infection ratios (SIR) of Ventilator-associated events (VAEs) increased by 51% in Q1 2021. Additionally, the standardized infection rate (SIR) of central line-associated bloodstream infections (CLABSIs) rose from 0.97 in Q4 2020 to 1.04 in Q3 2021 in the US, and the national incidence of Ventilator-associated events (VAEs) increased by 47% across all location types. Therefore, the growth of hospital-acquired infections is a driving force in the healthcare environmental services market.
The anticipated rise in healthcare expenditure is expected to drive the growth of the healthcare environmental services market. Healthcare expenditure refers to the total amount of money spent on healthcare goods and services within a specific time frame in a particular geographic area. Investing in healthcare expenditure is crucial for creating a safe healthcare environment by supporting infrastructure, personnel, equipment, and infection control protocols, ultimately leading to improved patient outcomes and public health. For example, in November 2022, according to the Canadian Institute for Health Information, a US-based not-for-profit organization, healthcare expenditure increased by 0.8%, reaching $331 billion in 2022, compared to 7.6% in 2021. Therefore, the expected increase in healthcare expenditure is contributing to the growth of the healthcare environmental services market.
Innovation in product offerings stands out as a prominent trend gaining traction in the healthcare environmental services market. Leading companies within the market are actively pursuing inventive solutions, exemplified by the introduction of advanced products such as the Tru-D iQ system to maintain their competitive edge. For instance, in March 2023, PDI Healthcare, a US-based manufacturer of infection prevention solutions, unveiled the Tru-D SmartUVC disinfection solution. This novel product leverages the Tru-D technology to intelligently disinfect surfaces in healthcare settings, comprising three integral components such as Tru-D iQ Tower, Tru-D iQ Scout, and Tru-D iQ Controller, collectively delivering comprehensive disinfection against a diverse range of microorganisms.
Prominent players in the healthcare environmental services market are focusing on the development of sterilization wraps as part of their strategy to enhance market share. Sterilization wrap, within the realm of healthcare environmental services, pertains to a material employed for packaging and safeguarding medical instruments and devices during the sterilization process. For instance, in May 2023, Ahlstrom-Munksjo Oyj, a Finland-based provider of fiber-based materials, introduced reliance fusion, an innovative sterilization wrap designed to elevate Central Sterilization efficiency. The product, available in Fusion Light and Fusion Heavy variants, integrates a cellulose-based inner layer with a robust SMS nonwoven outer layer, optimizing tray sterilization in hospital settings by reducing drying time and minimizing wet packs.
In June 2021, Steris PLC, a UK-based medical equipment company, successfully completed the acquisition of Cantel Medical for $4.6 billion. This strategic move complemented Steris' existing portfolio, enhancing its value proposition and expanding its customer base. Cantel Medical, a US-based provider, specializes in infection prevention and control products.
Major companies operating in the healthcare environmental services market report are Veolia North America LLC, Sodexo Group, Waste Management Inc., Aramark Corporation, Republic Services Inc., ABM Industries Inc., Clean Harbors Inc., Steris PLC, Stericycle Inc., Hospital Housekeeping Systems LLC, Healthcare Services Group Inc., US Ecology Inc., AVI Foodsystems Inc., Clean Earth LLC, Crothall Healthcare Inc., Heritage Environmental Services LLC, Servicon Systems Inc., Jani-King International Inc., Xanitos Inc., Triumvirate Environmental Inc., Daniels Health, BioMedical Waste Solutions LLC, Medasend Biomedical Inc., BWS Inc., EnviroMed Services Inc., OctoClean Riverside CA, EcoMed Services LLC, Healthcare Medical Waste Services LLC, MedPro Disposal, Bio-Serv.
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 countries covered in the healthcare environmental services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The healthcare environmental services market includes revenues earned by entities by providing services such as cleaning and sanitation, infection control, waste management, and emergency response. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Healthcare Environmental Services Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on healthcare environmental services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for healthcare environmental services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The healthcare environmental services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.