Hospital and Laundry Boilers Market Projected to Witness Vigorous Expansion by 2020
The U.S. and Canada dominates the North American hospital and laundry boilers market due to improved healthcare infrastructure in the region. For instance, in 2012, American Hospital Association (AHA), a national organization that represents and serves all types of hospitals and healthcare networks conducted an annual survey of total number of registered hospitals in the U.S. This number was 5,723 in 2012. Registered hospitals are those hospitals that fulfill all the AHA criteria. This improved healthcare system in the U.S. has resulted in significant rise in demand of laundry and boiler services to main hygienic conditions for the patients and healthcare professionals.
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In recent time, rising number of hospital admissions is key driver for the North American hospital and laundry boilers market. For instance, in 2010, according to Centers for Disease Control and Prevention (CDC), about 2, 58,000 hospital admissions had registered for hip fractures among people aged 65 and above and the number is expected to reach 2, 89, 000 by 2030. This increasing number of hospital admissions requires sterile linen for their better comfort in hospitals. However, the high energy cost to operate boilers in hospitals is key restraint for the North American hospital and laundry boilers market. In addition, strict regulation associated with the generation of steam through boilers also obstructs growth of the North American Hospital and laundry boilers market. For instance, hospitals require accreditation from Joint Commission on the Accreditation of Healthcare Organizations (JCAHO) for steam generation.
Some of the major companies operating in the North American hospital and laundry boilers market are Parker Boiler Co., Indeck Power Equipment Co., Fulton, Powerhouse Equipment & Engineering Co., Inc., Smith Hughes Co., Nationwide Boiler, Inc., Energy Equipment Co., Inc., Reagan-Riter Boiler Works, Inc. and Energy Products Co..
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