The study involved four major activities to estimate the current size of the US healthcare/hospital food services market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to to identify and collect information for the study of US healthcare/hospital food services market. It was also used to obtain important information about the top players, market classification, and segmentation according to industry trends to the bottom-most level, geographic markets, and key developments related to the market. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply side and other participants were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, EVS directors, vice presidents, marketing and sales directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the US healthcare environmental services market. The primary sources from the other participants group including, hospital and other health facility EVS staff, cleaning staff, health facility personnel. And others including, private consultants, and officials from government regulatory bodies.
The following is a breakdown of the primary respondents:
Note 1: C-level primaries include CEOs, COOs, CTOs, and VPs.
Note 2: Other primaries include sales managers, marketing managers, and product managers.
Note 3: Companies are classified into tiers based on their total revenue.
As of 2023: Tier 1=>USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, Tier 3= < USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The market size estimates and forecasts provided in this study are derived through a mix of the bottom-up approach (segmental analysis of major segments) and top-down approach (assessment of utilization/adoption/penetration trends, by type, and setting).
Global US healthcare/hospital food services market Size: Bottom -Up Approach & Top – down approach
Data Triangulation
The market was split into several segments and subsegments after arriving at the overall market size—using the market size estimation processes. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment. The data was triangulated by studying various factors and trends from both the demand and supply sides in the US healthcare/hospital food services market.
Market Definition
Healthcare/hospital food service refers to catering services or providing food in healthcare industry. There are various companies in the catering business which provide services such as dining services, room service, online food delivery and retail services to patients, hospital staff (including doctors, residents, and interns), and visitors. Food service companies also provide packaged food service as well as real-time food service.
Hospitals and other healthcare food service providers, provide cafeterias and other retail outlets for visitors and employees, as well as nutrition services for patients. Both aspects are managed by the same food and nutrition team, typically a director of food and nutrition, dieticians, chefs, and other staff.
Stakeholders
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Healthcare foodservice companies
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Hospitals and clinics
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Nursing homes
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Assisted living facilities
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Healthcare insurance providers
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Market research and consulting firms
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Venture capitalists and investors
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Acute hospitals
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Military treatment facilities
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Ambulatory surgery centers
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Academic medical centers
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Children’s hospitals
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Long-term acute facilities
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Skilled nursing facilities
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Rehabilitation hospitals
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Psychiatric hospitals
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Physician offices
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Clinics
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Laboratories
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Pharmacies
Report Objectives
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To define, describe, and forecast the US healthcare/hospital food services market by product, cancer type, procedure, end user and region
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To provide detailed information regarding the major factors influencing the growth of this market (such as drivers, restraints, challenges, and opportunities)
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To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall US healthcare/hospital food services market
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To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
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To forecast the size of the market segments with respect to US
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To profile the key players and analyze their market shares and core competencies2
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To track and analyze competitive developments such as product launches & approvals, acquisitions, expansions, partnerships, deployments, agreements, and collaborations in the overall US healthcare/hospital food services market
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To benchmark players within the market using the proprietary Company Evaluation Matrix framework, which analyzes market players on various parameters within the broad categories of business and product strategy
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Joseph
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What are the challenges in Hospital Food Services Market?.
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What are the major growth strategies prevalent in the in Hospital Food Services Market?.
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How emerging markets offering revenue expansion opportunities in Hospital Food Services Market?.