Press release
Healthcare Facility Management Market to reach USD 10.81 Bn by 2029, emerging at a CAGR of 7.2 percent and forecast 2023-2029
Healthcare Facility Management Market
The Healthcare Facility Management Market was valued at USD 6.64 billion in 2022 and is anticipated to witness a growth rate of 7.2% from 2023 to 2029, reaching nearly USD 10.81 billion.
The report delves into the maintenance and oversight of healthcare facilities' operations, development, security, and maintenance, covering various aspects of facility management in healthcare, including long-term facilities, clinics, surgical centers, and hospitals.
Our comprehensive research methodology involves analyzing market dynamics, including drivers, restraints, opportunities, and future trends, to provide valuable insights into the Healthcare Facility Management Market from 2023 to 2029.
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Healthcare Facility Management Market Dynamics:
The surge in demand for support services within the healthcare industry is driving market growth. Hospitals and healthcare facilities are increasingly prioritizing the delivery of high-quality patient care, leading to a growing need for well-coordinated support service teams. These teams play a crucial role in alleviating the workload of medical staff, facilitating faster patient recovery, promoting a safer environment, and enhancing overall satisfaction levels among nurses, patients, and families.
Moreover, there's a significant reliance on IT and telecommunication service providers within healthcare organizations. This reliance is expected to intensify with the expanding implementation of telehealth and other technological solutions, presenting additional growth opportunities for market players. The integration of healthcare IT is particularly influential in improving accessibility to superior healthcare services. As digitization continues to rapidly advance in the healthcare sector, it emerges as a pivotal driver propelling the growth of the healthcare facility management market.
Healthcare Facility Management Market Regional Insights:
North America stands at the forefront of the global healthcare facility management market, commanding approximately 38% of the share in 2022. This dominance owes much to its robust healthcare system and the integration of diverse technologies within healthcare facilities. Notably, the region exhibits significant variations in its healthcare landscape, with some hospitals securing formidable market positions while others grasp the essentials of healthcare facility management. According to data from the American Cancer Society, the United States alone is projected to witness over 1.8 million new cancer cases and approximately 606,520 cancer-related deaths in 2020. Looking ahead, the sector is poised for further expansion, buoyed by an anticipated rise in chronic illnesses and an aging populace.
Meanwhile, in Europe, healthcare facility management contributes over 22% to the industry's revenue stream. Pressures on government budgets are reshaping healthcare delivery models, potentially leading to a shift towards decentralized systems. The emphasis on affordable access to superior and specialized treatments is likely to prompt consumers and healthcare providers alike to pivot from treatment-centric to prevention-centric approaches.
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Healthcare Facility Management Market Segmentation:
by Location
1. On-site Facility Management
2. Off-site Facility Management
by Service
1. Hard Services
2. Construction Services
3. Energy Management
by Setting
1. Acute
2. Post-acute
3. Non-acute
by End User
1. Hospitals and Clinics
2. Long Term Care Facilities
3. Others
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Healthcare Facility Management Market Key Players:
1. Ecolab USA Inc. (US)
2. CBRE(US)
3. GSH GROUP(US)
4. Jones Lang LaSalle (US)
5. Oracle(US)
6. Trimble(US)
7. Accruent(US)
8. MRI Software(US)
9. Vanguard Resources(US)
10. Aramark(US)
11. Founders3 Real Estate Services(US)
12. Medxcel Facilities Management(US)
13. ABM(US)
14. OCS Group(UK)
15. Mitie Group Plc (UK)
16. Compass Group Plc.(UK)
17. Sodexo,Inc. (France)
18. ISS World Services A/S (Denmark)
19. SAP (Germany)
20. Planon (India)
21. JOHNSON CONTROLS (Ireland)
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Table of content for the Healthcare Facility Management Market includes:
1. Global Healthcare Facility Management Market: Research Methodology
2. Global Healthcare Facility Management Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Healthcare Facility Management Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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