The global healthcare facility management market size was US$ 208.8 billion in 2021. The global healthcare facility management market size is estimated to reach US$ 396.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.4% during the forecast period from 2022 to 2030.
Management of healthcare facilities is the administration and maintenance of the development of a health facility. This includes providing healthcare services in clinics, long-term institutions, hospitals, surgical centers, and more. Its services establish safety policies and maintenance schedules, identify needs for repair or improvement, and manage safety and sanitation awareness programs in health care settings. This help provides a safe and clean environment to nurses, doctors, outpatients, hospitalized patients, and others. Healthcare facility management cares about the quality of life of patients and maintains medical facilities by preventing equipment failure so that there is no interruption during any surgical operation.
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Factors Affecting Marketing Growth
The increase in the majority of the geriatric population along with the rise in the number of patients with chronic diseases, and obesity and the introduction of new services by a large number of key players are driving the growth of the global market.
The launch of various healthcare facilities providing programs by the private and public sectors drives the growth of the global market.
Healthcare facilities can reduce their expenditure on non-core healthcare services. This is driving the growth of the global market.
Impact on COVID-19 Analysis
The COVID-19 outbreak is expected to have a positive impact on the growth of the global healthcare facility management market. During the pandemic sudden rise in demand for the management of medical waste, cleaning, catering and other services was observed to provide efficient care to a large patient population, which led to an increase in the adoption of healthcare facilities management services. Thus, driving the growth of the global market.
Regional Analysis
North America garnered the major global healthcare facility management market share in 2021 and is expected to continue to dominate during the forecast period, due to robust healthcare infrastructure. On the other hand, Asia-Pacific is expected to register the highest CAGR during the global healthcare facility management market forecast, due to the rise in concentration on partnerships with local players to provide services to end users and increase their geographic footprint.
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Leading Competitors
The prominent players in the global healthcare facility management market are:
Johnson Controls
Accruent
Medxcel
3M COMPANY
Jones Lang LaSalle Incorporated
CBRE Group
Armark Corporation
Sodexo
ABM Industries Inc.
ISS
Others
Segmentation Analysis
The global healthcare facility management market segmentation focuses on Service Type, End User, and Region.
Segmentation on the basis of Service Type
Hard Services
Type
? Plumbing and Air Conditioning Maintenance
? Fire Protection
? Mechanical and Electrical Maintenance
o Others
Soft Services
Type
? Cleaning Services
? Catering Services
? Security Services
? Waste Management
o Others
Segmentation on the basis of End User
Hospitals and Clinics
Long Term Care Facilities
Others
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Healthcare Facility Management market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Healthcare Facility Management market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Healthcare Facility Management market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Healthcare Facility Management business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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