Press release
Healthcare Facility Management Market to grow at a CAGR of 7.2% from 2025 to 2032
Healthcare Facility Management Market
Healthcare Facility Management Market Overview:
The global healthcare facility management market, valued at USD 7.62 billion in 2024, is projected to reach USD 13.29 billion by 2032, growing at a CAGR of 7.2%. This growth is driven by increasing patient numbers, rising healthcare expenditures, and the expansion of healthcare infrastructure worldwide. Healthcare facility management encompasses the maintenance and oversight of healthcare facilities' operations, including hospitals, clinics, and long-term care centers, ensuring optimal functionality and patient care.
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Healthcare Facility Management Market Dynamics
The market is experiencing significant momentum due to the growing emphasis on support services that enhance patient care quality. The integration of advanced technologies, such as telehealth and digital health platforms, is revolutionizing healthcare delivery, leading to increased demand for efficient facility management services. Additionally, global initiatives to develop smart cities are contributing to the expansion of large public healthcare facilities, further propelling market growth.
Healthcare Facility Management Market Outlook and Future Trends :
In Vietnam, the healthcare sector has witnessed notable mergers and acquisitions (M&A) activities. Thomson Medical Group's acquisition of FV Hospital for USD 381.4 million marked the largest healthcare acquisition in Southeast Asia since 2020. Additionally, South Korea's Dongwha Pharm acquired a 51% stake in Trung Son Pharma for USD 30 million, aiming to expand its footprint in the Vietnamese pharmaceutical market.
In Singapore, the healthcare industry has seen significant M&A activity, with private equity funds and strategic investors acquiring stakes in various healthcare providers. Notable deals include Apollo's investment in HMI Group and The Sylvan Group's acquisition of majority stakes in multiple healthcare companies, reflecting a trend towards consolidation and expansion in the region.
Key Recent Developments
In the United States, startup Lyten announced plans to invest over $1 billion in constructing a lithium-sulfur battery gigafactory in Nevada, aiming for an annual production capacity of up to 10 gigawatt-hours starting in 2027. This initiative seeks to develop more affordable electric vehicle power sources and reduce dependency on foreign battery materials.
In Europe, China's CATL and Stellantis are collaborating to build a €4.1 billion lithium battery factory in Zaragoza, Spain, set to commence production by late 2026. This joint venture underscores Europe's efforts to expand battery production amid the financial challenges of its own battery ventures.
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
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Some of the current players in the Healthcare Facility Management Market are:
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)
Healthcare Facility Management Market Conclusion
The healthcare facility management market is on an upward trajectory, fueled by technological innovations, demographic shifts, and strategic investments across key regions. As healthcare systems worldwide strive for efficiency and improved patient outcomes, the role of comprehensive facility management becomes increasingly vital. The recent M&A activities in countries like Vietnam and Singapore underscore the dynamic nature of this market and its potential for sustained growth in the coming years.
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