Healthcare Facility Management Market Insights, Competitive Analysis, Latest Trends, And Forecast To 2033

"The new report published by The Business Research Company, titled ""Healthcare Facility Management Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the healthcare facility management market size has grown rapidly in recent years. It will grow from $195.95 billion in 2023 to $217.83 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The healthcare facility management market size is expected to see rapid growth in the next few years. It will grow to $337.37 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%.

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Elevated Healthcare Spending And Growing Patient Population Propel Healthcare Facility Management Market
The growing number of patients and Increasing healthcare spending by the private and public participants in healthcare systems are driving the healthcare facility management market's growth. The government and private healthcare spending in various countries support the growth of healthcare systems by providing better service to patients. That leads to the increased adoption of healthcare facility management in the healthcare system. For instance, in May 2023, the Office for National Statistics, a UK-based statistics authority, reported that healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms. UK total healthcare expenditure in 2021 was $367.25 billion (£280.7 billion), and pharmaceutical expenditure was $51.84 billion (£39.6 billion) in 2021. Furthermore, spending on preventive care was $45.93 billion (£35.1 billion) in 2021, more than doubling from the previous year. Therefore, healthcare spending by private and public participants in healthcare systems is driving the growth of the healthcare facility management market.

Rapid Technological Advancements Reshaping The Healthcare Facility Management Market
Technological advancement is the key trend gaining popularity in the healthcare facility management market. Technological developments are growing at an unprecedented rate and shaping the future of the healthcare industry. For example, in September 2022, CloudWave, a US-based independent cloud and managed services software hosting provider in healthcare, launched OpSus Cloud Services. In the user's data center, CloudWave OpSus Edge provides infrastructure-as-a-service, offering computing, storage, security, backup, recovery, and thorough operations and system upkeep. OpSus Cloud Services offers hospital users a multi-cloud strategy that ensures availability, simplicity of access, and robust security.

The healthcare facility management market covered in this report is segmented -

1) By Type: Hard Services, Soft Services, Other Services
2) By Service Type: Property, Cleaning, Security, Catering, Support, Environmental Management
3) By Business Model: Outsourced, In-House
4) By End User: Hospitals And Clinics, Long-Term Healthcare Facilities

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Major companies operating in the healthcare facility management market report are ABM Industries Inc., ISS World Services A/S, Jones Lang LaSalle IP Inc., Medxcel Facility Management LLC, Mitie Group plc, Aramark Corporation, Compass Group plc, Ecolab Inc., Sodexo SVC India Pvt. Ltd., OCS Group Limited., Serco Group plc, Vanguard Resources Inc., Arora Holdings Limited., Cushman & Wakefield, CBRE Group Inc., Johnson Controls International plc, Crothall Healthcare, C&W Facility Services Inc., AM Facilities Management Service Ltd., Aramark Healthcare Support Services LLC, Emcor Facilities Services Inc., Epic Facilities Management, G4S Health Services Limited, Sodexo Healthcare, Stericycle Inc., Vitas Healthcare, WellSky, Yardi Systems Inc.

Contents of the report:
1. Executive Summary
2. Healthcare Facility Management Market Report Structure
3. Healthcare Facility Management Market Trends And Strategies
4. Healthcare Facility Management Market - Macro Economic Scenario
5. Healthcare Facility Management Market Size And Growth
…..
27. Healthcare Facility Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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