Press release
Healthcare Facility Management Market Landscape 2025: Forecast Data and Growth Strategy Insights
Healthcare Facility Management
What Is the Expected CAGR for the Healthcare Facility Management Market Through 2025?
Recent years have seen a swift rise in the size of the healthcare facility management market. The market is predicted to expand from $259.78 billion in 2024 to $287.76 billion in 2025, showing a compound annual growth rate (CAGR) of 10.8%. This growth during the historic period can be credited to a surge in demand for healthcare services, strict regulatory adherence, delegation of non-core tasks, projects centered on energy efficiency, aging healthcare structures, the increased intricacy of healthcare facilities, and the globalization of healthcare services.
What's the Projected Size of the Global Healthcare Facility Management Market by 2029?
The market size for healthcare facility management is predicted to experience significant expansion in the upcoming years, reaching a value of $450.35 billion in 2029 with a compound annual growth rate (CAGR) of 11.8%. The anticipated growth during this forecast period could be due to a rise in the usage of telemedicine, an increasing trend of outpatient healthcare centers, a sharpened focus on cybersecurity, tailored and accuracy-based medicine, programs focusing on the well-being of the population, and tactics for resilience and disaster recovery planning. Key trends expected for the forecast period encompass the integration of technology and intelligent facilities, sustainability and energy efficiency, data-driven decision-making, the inclusion of telehealth facilities and technology fusion, the adoption of eco-friendly building practices, training for healthcare facility staff, and technology centered around patient needs.
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Top Growth Drivers in the Healthcare Facility Management Industry: What's Accelerating the Market?
The rise in patient numbers and the escalated healthcare expenditure by both private and public entities in the healthcare sector contribute significantly to the growth of the healthcare facility management market. The financial backing from private and government sources in different countries facilitates the improvement of healthcare systems and subsequently boosts the widespread implementation of healthcare facility management. As an example, data from the Office for National Statistics, a UK-based statistical body, indicates that in 2022, the UK's healthcare expenditure amounted to roughly $354.88 billion (£283 billion), showing a nominal increment of 0.7% from the previous year's expenditure. Consequently, the increased spending in the healthcare domain by private and public actors is a key factor propelling the expansion of the healthcare facility management market.
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What Trends Will Shape the Healthcare Facility Management Market Through 2029 and Beyond?
The primary trend emerging in the healthcare facility management market is technological innovation. The healthcare industry's future is being molded by rapid technological progression. An illustration of this is the September 2022 launch of OpSus Cloud Services by the US-based CloudWave, an independent healthcare-focused cloud and managed software hosting services provider. CloudWave's OpSus Edge runs in the user's data center and delivers infrastructure-as-a-service, encompassing computing, storage, security, backup, recovery and comprehensive operations and system maintenance. The OpSus Cloud Services provide hospital users with a multi-cloud strategy for reliable availability, easy access, and strong security.
What Are the Main Segments in the Healthcare Facility Management Market?
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
Subsegments:
1) By Hard Services: Building Maintenance, Mechanical And Electrical Services, Infrastructure Management
2) By Soft Services: Cleaning And Sanitation, Security Services, Catering And Food Services
3) By Other Services: Waste Management, Grounds Maintenance, Pest Control Services
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Which Top Companies are Driving Growth in the Healthcare Facility Management Market?
Major companies operating in the healthcare facility management market 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., Emcor Facilities Services Inc., Epic Facilities Management, Stericycle Inc., Vitas Healthcare, WellSky, Yardi Systems Inc.
Which Regions Will Dominate the Healthcare Facility Management Market Through 2029?
North America was the largest region in the healthcare facility management market in 2024. The regions covered in the healthcare facility management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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