by According to Precedence Research, during the forecast period of 2021 to 2027, the global healthcare facilities management market is estimated to develop at a compound annual growth rate (CAGR) of 13.2%. The global healthcare facilities management market was valued at USD 201.03 billion in 2020, and it is predicted to exceed USD 473.18 billion by 2027. The study investigates several elements and their consequences on the growth of the healthcare facilities management market.
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Growth Factor
Currently, occurrences of chronic and rare diseases and elevated geriatric population in Europe and North America demanding sophisticated medical facilities. This is leading to escalation in the number of healthcare facilities that supports the growth of healthcare facility management services. Further, IoT and supplementary new ICT (Information and Communication Technology) are flourishing the healthcare facility management market.
There has been upsurge in the amount of international and national facility management contracts all over the globe. In 2000, there were only a few international facility management contracts, which in future on augmented to double digits by 2010. This comprised a growth in international healthcare facility management contracts. Such growth in various types of contracts is fueling growth of healthcare facility management market.
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This report focuses on healthcare facilities management market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall healthcare facilities management market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Report Highlights
- Soft healthcare facility management services segment is anticipated to occupy major market share than the hard healthcare facility management services segment. Hard services segment is also projected to increase at a higher pace during the estimate period.
- Recognized companies are centering on intensifying their service base with by acquisitions of small-sized and niche companies functioning in the market. This benefits established players to incorporate novel technologies adopted by niche businesses.
- Real Time Location System for tracking of medical equipment, inventory management via low-cost Bluetooth Low Energy technology, collecting in-patient data via wearable and sensors and usage of mobile technology to distantly assess patient data are certain of the IoT-enabled services that are accepted by facility management service suppliers.
In-Depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of healthcare facilities management, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of healthcare facilities management has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the healthcare facilities management market.
Some of the prominent players in the healthcare facilities management market include:
- ABM Industries Inc
- ISS World Services A/S
- Jones Lang LaSalle, IP, Inc
- Manutencoop Facility Management S.p.A.
- Medxcel Facility Management
- Mitie Group plc
- Aramark Corporation
- Compass Group plc
- Ecolab, Inc.
- OCS Group
- Secro Group plc
- Sodexo
- Vanguard Resources
- UEM Edgenta Berhad
Segments Covered in the Report
By Service Type
- Hard Services
- Soft Services
By Hard Service Type
- Mechanical and Electrical Maintenance
- Plumbing, Air Conditioning Maintenance
- Fire Protection Systems
- Others
By Soft Service Type
- Laundry
- Waste Management
- Cleaning & Pest Control
- Catering
- Security
- Others
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Middle East & Africa
- Latin Americ
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Regional Snapshots
In 2019, North America dominated the healthcare facilities management on account of vigorous healthcare infrastructure and the introduction of diverse technologies for healthcare facilities management. North America is expected to further mirror this dominance throughout the forecast period on account rising awareness regarding healthcare sector growth in the region.
Healthcare institutions produce a huge amount of both non-hazardous and hazardous wastes daily. These wastes are produced as a result of the treatment, diagnosis, and research on animal and human diseases. These hazardous wastes, when incorrectly managed may compromise the worth of patient care. These wastes may increase environmental pollution and spread infectious illnesses such as hepatitis, acquired immunodeficiency syndrome (AIDS), diphtheria, cholera, and tuberculosis among others.
In 2018, in Switzerland, as per the Organization for Economic Co-operation and Development (OECD), the average per capita healthcare expenditure was about USD 7,317 and was around USD 5,299 in Denmark. Thus growing concerns towards healthcare waste management and rising healthcare expenditure are driving the growth of global Healthcare facility management services market.
Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- What value propositions should businesses aim at while making new research and development funding?
- Which regulations will be most helpful for stakeholders to boost their supply chain network?
- Which regions might see the demand maturing in certain segments in near future?
- What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
- Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
- Which government regulations might challenge the status of key regional markets?
- How will the emerging political and economic scenario affect opportunities in key growth areas?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
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