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According to a report from Transparent Market, the healthcare facilities management market is set to expand at a compound annual growth rate (CAGR) of 8.8 percent between 2018 and 2026. One of the key areas of opportunity is in green cleaning.

The report covers market dynamics including drivers, restraints, opportunities, trends, and technology advancements that are expected to influence the expansion of the healthcare facility management market. It also explains the major opportunities that exists in green cleaning.

According to the report, North America and Europe are already in the forefront in the adoption of green cleaning, but developed countries such as Japan and Singapore, as well as developing countries such as Taiwan, China, and India are expected to increasingly adopt green cleaning standards.

Singapore's SGBC (Singapore Green Building Council) is promoting green cleaning standards in the healthcare facility management market throughout the country, as well as in other Asia Pacific countries.

China, the largest healthcare facility management market in Asia Pacific, has already launched a plan for green cleaning standards. The 2013 regulation mandates all public residential and commercial buildings, including hospitals, larger than 20,000 square meters to achieve at least one star in China's green building evaluation standard.

China has a goal of one billion square meters of certified green buildings by 2020. Healthcare facilities there are increasingly moving to green building standards and prefer to work with facility management service providers that are equipped with knowledge on green cleaning technologies and standards.

Green cleaning is expected to offer a major opportunity for expansion of healthcare facility management in various regions, the report said.

For more information on this report, click here.