The most recent market research report from Emergen Research, titled Global Healthcare Facility Management Market, provides an estimated market size and share as well as current industry trends, global market growth rates, significant drivers and opportunities, difficulties, product segmentation, and key market competitors. Pricing range, size of the market, degree of competition, product offerings and details, and business histories.

According to the most recent analysis by Emergen Research, the size of the global healthcare facility management market reached USD 315.17 billion in 2021 and is anticipated to experience a revenue CAGR of 13.80% during the projected period. Growing investments in healthcare infrastructure and the construction of healthcare facilities, rising healthcare costs, an increase in patient volume due to the rise in chronic diseases, and COVID-19 are some of the drivers driving the healthcare facility management market's revenue growth.

Hospital property management encompasses a wide range of duties, including maintaining equipment in excellent working order, responding to non-clinical requests promptly, ensuring the building is clean and well-kept, and much more. Monitoring numerous factors, including finances, personnel, infrastructure, and security, is a common task for managers. Long-term planning, public relations, marketing, legal compliance, and security are just a few of the many responsibilities that a manager of a health facility may be in charge of.

Venture capitalist investments in the healthcare sector are commonly utilised as a leading indicator of the market for emerging technology. These demands may be influenced by patient requirements and expectations, cultural changes, technological improvements, and other elements. Investments are anticipated to rise as the industry exits COVID-19 in areas like telehealth, cyberattacks, remote patient monitoring (RPM), psychological counselling, and digital fitness.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

ABM, Aramark Corporation, Ecolab Inc., ISS, Jones Lang LaSalle IP, Inc., Medxcel, OCS Group limited, Sodexo, Vanguard Resources, and Compass Group PLC

Target Audience of the Global Healthcare Facility Management Market Report:

  • Key Market Players
  • Investors
  • Venture capitalists
  • Small- and medium-sized and large enterprises
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)
  • Global market producers, distributors, traders, and suppliers
  • Research organizations, consulting companies, and various alliances interested in this sector
  • Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Healthcare Facility Management Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Healthcare Facility Management market on the basis of product, application, and region:

Segments Covered in this report are:

  • Product Type Outlook (Revenue, USD Billion; 2019-2030)
    • Waste Management
    • Security Services
    • Catering Services
    • Cleaning Services
    • Technical Support Services
    • Other Products
  • End-use Outlook (Revenue, USD Billion; 2019-2030)
    • Hospitals & Clinics
    • Long-term Healthcare Facilities
    • Others
  • Regional Outlook (Revenue, USD Billion; 2019–2030)
    • North America
  1. U.S.
  2. Canada
  3. Mexico
Europe
  1. Germany
  2. France
  3. U.K.
  4. Italy
  5. Spain
  6. Benelux
  7. Rest of Europe
Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
Latin America
  1. Brazil
  2. Rest of LATAM
Middle East & Africa
  1. Saudi Arabia
  2. U.A.E.
  3. South Africa
  4. Turkey
  5. Rest of Middle East & Africa

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Some Key Highlights From the Report

  • The waste management segment accounted for largest revenue share in 2021. Increasing number of individuals, particularly those residing in less developed countries, are becoming concerned about the implications that waste from the healthcare industry could have on the general population's health. Healthcare wastes encompass a wide variety of items wasted during medical care and can originate from a variety of settings, including hospitals, clinics, private homes, and even public facilities such as dialysis centers. The amount of medical waste generated across the globe is on the rise. Emerging and underdeveloped nations produce a far lower amount of waste in the medical sector compared to developed nations. It is vital to conduct routine audits of waste management.
  • The cleaning services segment accounted for significantly rapid revenue CAGR in 2021. The process of cleaning a medical institution might require a large amount of time and effort due to the extensive number of tasks that must be completed. Disinfecting the floors, countertops, and other flat surfaces at a medical facility is the first step in cleaning the facility from top to bottom. Presence of allergens in dust may have a negative impact on health of patients. Using commercial disinfectants ensures that all germs and bacteria are eradicated.
  • The hospitals & clinics segment accounted for largest revenue share in 2021. The continual availability of hospital care for acute and complex diseases complements and amplifies the efficacy of many other aspects of the health system. They focus limited resources on well-planned referral networks that effectively address health requirements of the community. They are crucial to achieving Sustainable Development Goals (SDGs) and are a pillar of Universal Health Coverage (UHC). In addition to primary care physicians, hospitals play an important role in expanding the healthcare system. There has been a global increase in the application of ionizing radiation in medicine.
  • The market in North America accounted for largest revenue share in 2021. Expansion of current healthcare systems and creation of new technologies for healthcare facility management are two aspects that are expected to drive revenue growth of the market. The U.S. and Canada provide some of the best healthcare across the globe. The U.S. has the most expensive healthcare system worldwide. It has far more expensive healthcare than other North American countries due to a number of factors, including a higher rate of medical inflation.

Additional information offered by the report:

  • Along with a complete overview of the global Healthcare Facility Management market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
  • The report elaborates on the global Healthcare Facility Management market size and share governed by the major geographies.
  • It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
  • It further presents a detailed description of the company profiles of the key market contenders.

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