Healthcare Facilities Management Market | High Level Detail on Industry and Growth Prospects

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The global healthcare facilities management market size is likely to reach USD 400 billion by the end of 2027 and is expected to grow at a compound annual growth rate (CAGR) of 12.98% during the forecast period 2020 to 2027.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, market share analysis, potential challenges, profitability graph and the overall market environment.

Healthcare facility management services are non-core services of a healthcare facility that have appeared as indispensable services in the expedition to deliver good in-patient care and competent running of a healthcare capacity. Healthcare facility management service suppliers are approving innovative ICT to address the growing prospects of healthcare organizations.

Health facilities management has existed as its own specialization inside the facility management industry. Medical buildings like hospitals would subcontract non-clinical tasks to generate sterile working circumstances whereas they dedicated on offering patient care. At present, health and FM are no longer identical with Health Facilities Management (HFM) associated with the medical industry but as one of the budding novel trends within facility management that manages facilities for wellbeing and health.

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Growth Factors

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.

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.

Key Market Players and Strategies

The snowballing level of specialization within the health sector leads more progressive demands from services and FM industry customers. Agencies and competitors are concentrating on evolving niches in the health industries that could attain market success over comprehensive service providers as the requirement for advanced services touches an acute threshold.

Industry value chain of the healthcare facility management market includes of raw material providers, healthcare facility management service providers, and end users. Suppliers of raw material to this industry can be either in-house personnel or third party suppliers, as per the approach accepted by a facility management service provider. There has been a rise in the amount of acquisition and mergers among service providers. Clinics and hospitals are anticipated to witness gainful progress on account of rising awareness about the sanitation needed to evade scattering of diseases and responsiveness concerning the requirement for controlling the pollution of the environment.

Some of the noteworthy 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

Market Segmentation

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

Regional Segmentation

  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia and Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia, Korea and Rest of Asia Pacific)
  • Latin America (Brazil and Rest of Latin America)
  • The Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East & 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.

Why should you invest in this report?

If you are aiming to enter the global healthcare facilities management market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for healthcare facilities management are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Data points covered under healthcare facilities management market research study:

  • The historic and forecast market estimation from years 2016 to 2027
  • Market estimation and research analysis for the global market by distribution channel
  • Market estimation and research analysis for the global market by region
  • Research analysis on market dynamics including drivers, restraints, opportunities, trends, and market challenges.
  • Competitive scenery and business strategies by key players
  • SWOT Analysis
  • PORTER's five force research analysis
  • PEST Analysis
  • DR impact analysis
  • Heat map analysis
  • Investment feasibility analysis

Key Questions Answered by the Report:

  • What will be the size of the global healthcare facilities management market in 2027?
  • What is the expected CAGR for the healthcare facilities management market between 2020 and 2027?
  • Which are the top players active in this global market?
  • What are the key drivers of this global market?
  • How will the market situation change in the coming years?
  • Which region held the highest market share in this global market?
  • What are the common business tactics adopted by players?
  • What is the growth outlook of the global healthcare facilities management market?

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