The latest report by IMARC Group, titled “Healthcare Facilities Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” provides an extensive analysis of the healthcare facilities management market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global healthcare facilities management market size reached USD 373.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 761.6 Billion by 2032, exhibiting a growth rate (CAGR) of 8.1% during 2024-2032.
Healthcare Facilities Management Market Trends:
The global market is primarily driven by the increasing demand for advanced healthcare services and infrastructure due to a growing global population. Additionally, the rising prevalence of chronic diseases necessitates better management and maintenance of healthcare facilities to ensure patient safety and operational efficiency. Moreover, stringent government regulations and standards aimed at improving healthcare quality further drive the demand for effective facilities management. Furthermore, technological advancements, such as the integration of IoT and AI in facility management systems, enhance operational efficiencies and reduce costs. Besides, the increasing focus on sustainable and green building practices in healthcare infrastructure promotes the adoption of advanced facilities management solutions. Additionally, the aging population requires more healthcare facilities, thereby propelling market growth. The emphasis on patient satisfaction and the overall experience also supports the need for improved facility management services.
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Global Healthcare Facilities Management Market Scope & Growth Analysis:
The scope of the market is broadening due to the increasing investment in healthcare infrastructure globally, particularly in developing regions. The adoption of outsourcing services for non-core activities by healthcare providers allows them to focus more on patient care, thereby widening the market scope for facilities management providers. Furthermore, advancements in technology, such as cloud-based facilities management solutions, provide real-time data and analytics, contributing to more efficient management practices. Moreover, the shift towards value-based care models necessitates high-quality facility management to maintain compliance and improve patient outcomes. Besides, the rising trend of healthcare tourism in various regions is driving the need for well-managed healthcare facilities to attract international patients. Additionally, growing awareness and implementation of environmental sustainability practices in healthcare operations are fostering the demand for eco-friendly facilities management solutions. The ongoing COVID-19 pandemic has also underscored the importance of stringent facility management practices in ensuring hygiene and safety, thereby propelling market growth.
Competitive Landscape with Key Players:
- ABM Industries Inc
- Aramark Corporation
- Compass Group PLC
- Ecolab Inc.
- International Business Machines Corporation
- ISS A/S
- Jones Lang LaSalle Incorporated
- Mitie Group plc
- OCS Group limited
- Oracle Corporation
- Serco Group plc and Sodexo
Key Market Segmentation:
Breakup by Service Type:
- Property Services
- Cleaning Services
- Security Services
- Catering Services
- Support Services
- Environmental Management Services
Breakup by Business Model:
- Outsourced
- In-House
Breakup by End User:
- Hospitals and Clinics
- Long-term Healthcare Facilities
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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