Global Healthcare Facilities Management Market Size study & Forecast, by Product Type (Waste Management, Security Services, Catering Services, Cleaning Services, Technical Support Services, Other Products), by End-User (Hospitals and Clinics, Long-term He

Global Healthcare Facilities Management Market Size study & Forecast, by Product Type (Waste Management, Security Services, Catering Services, Cleaning Services, Technical Support Services, Other Products), by End-User (Hospitals and Clinics, Long-term Healthcare Facilities, Other End-users) and Regional Analysis, 2023-2030

Global Healthcare Facilities Management Market is valued at approximately USD 323.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.72% over the forecast period 2023-2030. The healthcare facilities management refers to the management and coordination of various non-clinical services and support functions within healthcare facilities, such as maintenance, housekeeping, security, catering, waste management, and facility planning, with the aim of ensuring the efficient and effective operation of healthcare facilities. The Healthcare Facilities Management Market is being driven by factors such as growth in healthcare expenditures and an increase in the occurrence of chronic diseases.

The healthcare sector has experienced significant growth due to factors such as the increasing number of patients and the rising healthcare expenditure by both public and private players in healthcare systems leading to increasing demand for Facility Management ccording to the Organisation for Economic Co-operation and Development Health Statistics released in July 2021; preliminary estimates showed an average increase of around 4.9% in per capita health expenditure across a group of 16 countries. Along with this, in the United States, the Centers for Medicare and Medicaid Services (CMS) published data projecting that national healthcare spending is expected to grow at an average rate of 5.5% per year between 2018 and 2027. This growth trajectory would result in healthcare spending reaching nearly USD 6.0 trillion by 2027. Thus, increasing healthcare spending is fueling the growth of the market. In addition to increasing medical tourism in emerging countries and technological advancements in healthcare facilities management create lucrative opportunities for the market. However, Lack of Technical Expertise and High cost of associated with cleaning and disinfection equipment hinders the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Healthcare Facilities Management Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the region's investment in healthcare infrastructure and services created a demand for efficient and effective facilities management to optimize operations, reduce costs, and enhance the patient experience. North America is also considered the fastest growing region over the forecast period due to advanced healthcare systems, including hospitals, clinics, research institutions, and long-term care facilities. These facilities require robust facilities management to maintain high standards of quality, safety, and patient care.

Major market player included in this report are:
ABM Industries Inc.
Aramark Corporation Ecolab Inc.
Iss World Services A/S
Jones Lang LaSalle Incorporated
Medxcel Facilities Management LLC
Ocs Group
Serco Group PLC
Sodexo
Vanguard Resources Inc.
Compass Group PLC

Recent Developments in the Market:
 In May 2022, ABM expanded its collaboration with ELEVATE with the goal of accelerating expansion through investments in the client and team member experience as well as market-leading utilisation of technology and analytics.

Global Healthcare Facilities Management Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Product Type, End-User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Waste Management
Security Services
Catering Services
Cleaning Services
Technical Support Services
Other Products

By End User:
Hospitals and Clinics
Long-term Healthcare Facilities
Other End-users

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
ABM Industries Inc.
Aramark Corporation Ecolab Inc.
Iss World Services A/S
Jones Lang LaSalle Incorporated
Medxcel Facilities Management LLC
Ocs Group
Serco Group PLC
Sodexo
Vanguard Resources Inc.
Compass Group PLC

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.