Healthcare Facility Management Market Latest Trends and Business Scenario 2030

The healthcare facility management market had a total value of USD 88,114 million in recent past, and it is likely to propel at a rate of 8.3%, to reach a value of USD 180,397 million by 2030, as per a report by a market research institution, P&S Intelligence.

This is mainly credited to the significant use of new technologies, the rising volume of patients, the increasing incidence of cancer, rising expenses on healthcare, and growing investment in healthcare infrastructure.

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As medical institutions and hospitals are focusing on delivering high-quality treatment to patients, the industry has witnessed a growing demand for these services.

Most healthcare institutions heavily rely om the IT and telecom service providers. Further opportunities for market participants are projected because of the increased adoption of telehealth and several technological systems.

Additionally, the significant growth in digitization in the healthcare facility management market is one of the major factors in propelling the industry.

The outsourcing category had more than a 50% share in recent years. Various healthcare institutions and hospitals outsourced non-clinical jobs, for example, property management, cleaning, and medical waste disposal, so that patients are cared for in a hygienic place.

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Moreover, the expenses incurred in the hospitals can also be reduced by outsourcing various non-clinical processes.

The fastest growth is projected in soft services during the forecast period. This is attributed to the increasing demand for pest control, security, management, sanitization services, waste recycling and disposal, and ground maintenance, thus ensuring higher standards of hygiene, customer service, safety, and cleanliness.

One of the main trends in the industry is the significant technological development and it is expected to offer numerous opportunities to healthcare equipment providers to improve operational efficiency and equipment uptime.

The adoption of automation is rising in the hospital energy management. Power quality is a crucial factor for healthcare sectors. Healthcare building energy flow and optimization is also aided by IoT and Artificial Intelligence.

Furthermore, the growing adoption of the Internet of Things has led to the invention of various smart products, which has propelled the industry's growth.

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The North American region is the largest, and it is projected to propel at a rate of 8.5%, to reach USD 68,237.9 million, by 2030. This is credited to the adoption of numerous advanced technologies and the growing healthcare infrastructure in the region.

Additionally, the growing importance of standardized processes and the need to enhance the administration of medical records are boosting outsourcing.

Due to the increasing technological development, automation, and outsourcing, the healthcare facility management industry will grow significantly in the years to come.

Market Size Breakdown by Segment

By Service
• Property
• Cleaning
• Security
• Catering
• Support
• Environmental Management
• Others
By Business Model
• Outsourced
• In-House
By Type
• Hard Services
• Soft Services
• Other Services
By End User
• Hospitals and Clinics
• Long-Term Healthcare Facilities
• Others
Regional Analysis
• North America Healthcare Facility Management Market
o By service
o By business model
o By type
o By end user
o By country - U.S. and Canada
• Europe Healthcare Facility Management Market
o By service
o By business model
o By type
o By end user
o By country - France, Germany, U.K., Italy, Spain, and Rest of Europe
• Asia-Pacific (APAC) Healthcare Facility Management Market
o By service
o By business model
o By type
o By end user
o By country - China, Japan, India, Australia, South Korea, and Rest of APAC
• Latin America (LATAM) Healthcare Facility Management Market
o By service
o By business model
o By type
o By end user
o By country - Brazil, Argentina, and Rest of LATAM
• Middle East and Africa (MEA) Healthcare Facility Management Market
o By service
o By business model
o By type
o By end user
o By country - Saudi Arabia, South Africa, and Rest of MEA

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P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

This release was published on openPR.