The US healthcare environmental services market is projected to reach USD 8.7 billion by 2026 from USD 6.6 billion in 2021, at a CAGR of 5.8% during the forecast period. Growth in the market is majorly driven by stringent government regulations for effective infection control, advancements in cleaning technology, and the rising prevalence of HAIs. With a surge in COVID-19 cases, there is an increasing focus on hygiene & control practices and the rising need to reduce the spread of infection, thus supporting the market growth.
The prominent players operating in this US healthcare environmental services market include Sodexo Global (France), Compass Group (UK), Aramark Corporation (US), Hospital Housekeeping Systems, Inc. (HHS) (US), ABM Industries Incorporated (US), Xanitos, Inc. (US), OctoClean Franchising Systems, Inc. (US), AVI Foodsystems, Inc. (US), Jani-King International, Inc. (US), Healthcare Services Group, Inc. (US), ServiceMaster Clean (US), Bravo Building Services (US), and Corvus Janitorial Systems (US). Due to the intense competition in the market, major market players are increasingly focusing on expanding their services to more facilities and launching their franchisee in new locations across US.
Compass Group (UK) (Crothall Healthcare): Corthall Healthcare (a subsidiary of Compass Group) is a partner for all healthcare end users, from supporting core cleaning services to a complete infection prevention program. Moreover, Crothall’s Environmental Services (EVS) team recently installed Virtual Manager’s HealthClean automation platform in three locations.
Aramark Corporation (US): Aramark Corporation is a leading global provider of food, facilities, and uniform services to education, healthcare, business & industry, and sports, leisure & corrections clients. The company provides a wide range of non-clinical food and food-related support services to approximately 573 healthcare and senior living clients and more than 651 facilities across their global footprint.
Driver: Increasing prevalence of Hospital- acquired infections (HAIs)
Hospital-acquired infections (HAIs) are nosocomial infections that occur during a patient’s stay at hospitals and related facilities. HAIs are not observed at admission and are considered a major cause of morbidity and mortality worldwide. These infections include central line-associated bloodstream infections, surgical-site infections, catheter-associated urinary tract infections, hospital-acquired pneumonia, ventilator-associated pneumonia, and Clostridium difficile infections. With the increasing prevalence of HAIs, healthcare facilities are deploying contract-based healthcare environmental services to implement infection prevention & control strategies to maintain high quality and infection prevention standards in their facilities.
Opportunity: Sustained acquisition among strategic & financial buyers
There is a highly active group of sponsor-backed strategic acquirers, in addition to significant M&A activity in the healthcare environmental services sector. Such developments help increase respective market shares and offer new niche products & services.
Related Links
https://www.marketsandmarkets.com/PressReleases/us-healthcare-environmental-services.asp
https://www.marketsandmarkets.com/ResearchInsight/us-healthcare-environmental-services-market.asp
