Healthcare Facility Management Market Analysis and Forecast to 2031: By Product Type (Waste Management, Security Services, Catering Services, Cleaning Services, Technical Support Services, Others), End User (Hospitals & Clinics, Long Term Healthcare Facilities, Others), and Region
The global healthcare facility management market was valued at USD 325 billion in 2021 and it is anticipated to grow further up to USD 1469 billion by 2031, at a CAGR of 16.3% during the forecast period.
Medical establishments need to manage their healthcare facilities. Providing the precise clinical care facility and concentrating primarily on the service delivery & support system to various healthcare organizations, it improves the patient experience. Supporting technoscientific administration of services like catering, cleaning, maintenance, and security is the facilities management. IoT (Internet of Things)-based cutting-edge technologies offer the lucrative potential for facility management service providers to deliver improved patient care in healthcare facilities. It is accomplished by careful planning and creatively delivering various functions.
Market Trends and Drivers
Increasing investment in healthcare infrastructure and the construction of healthcare facilities coupled with rising geriatric population and growing patient volume owing to the rising prevalence of chronic diseases and COVID-19 and the increasing healthcare expenditure. All around the nation, chronic diseases like diabetes, heart disease, and cancer are on the rise. Infectious disease prevalence is also rising alarmingly quickly. The market would expand as a result of expenditures made in the healthcare infrastructure to satisfy patients' rising demand. Similarly, integration of AI and IoT in healthcare facilities is opening up new opportunities in the global market. Automation is increasingly being used in healthcare energy management systems. For hospitals and other healthcare institutions, power quality is a crucial requirement. The energy optimization and energy flow of the healthcare building would benefit from the use of AI and IoT.
Market Restraints and Challenges
The maintenance issue of healthcare facilities is anticipated to hamper the growth of the market during the forecast period. The upkeep of healthcare facilities is quite expensive. It also forces people to comply with regulatory requirements and rules. Additionally, theft and vandalism continue to be serious threats to the facilities. Likewise, the highly competitive nature of the market is also hindering its growth of the market. Major obstacles may arise as a result of the market's intense competition. Due to the abundance of small and medium-sized businesses that provide services with a focus on either energy, hard, construction, or a combination of these, the market is extremely competitive. Competition has risen as a result of the market's large participant base.
Global Healthcare Facility Management Market Segmental Overview
The report analyses the global healthcare facility management market based on product type, end user, and region.
Global Healthcare Facility Management Market by Product Type
Based on product type, it is segmented into waste management, security services, catering services, cleaning services, technical support services, and others. The waste management is anticipated to witness good growth over the forecast period in the healthcare facilities management market. Healthcare facilities produce a significant amount of wastes every day, both hazardous and non-hazardous. These wastes are produced during the diagnosis and treatment of illnesses in both humans and animals. When handled improperly, these hazardous wastes can degrade the standard of patient care. These wastes have the potential to worsen environmental contamination and transmit infectious diseases like AIDS, hepatitis, tuberculosis, diphtheria, cholera, and a host of others.
Global Healthcare Facility Management Market by End User
Based on end user, it is segmented into hospitals & clinics, long-term healthcare facilities, and others. The hospitals & clinics segment is anticipated to dominate the market during the forecast period. The key factors such as growth in healthcare expenditures coupled with increase in occurrence of chronic diseases and increasing medical tourism in emerging countries is boosting the growth of the market during the forecast period.
Geographical Analysis of Global Healthcare Facility Management Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to dominate the market during the forecast period. Due to its strong healthcare infrastructure and the development of new technologies for healthcare facilities management, which are projected to drive the market's expansion, North America is predicted to dominate the healthcare facilities management sector over the forecast period. In the North American region, the general state of the healthcare infrastructure differs greatly as well. Many hospitals nowadays have developed a fundamental system for managing healthcare facilities, and hospitals are recognized to have strong market positions. The "Population Reference Bureau's Population Bulletin" projects that by 2060, there will be 95 million Americans 65 and older in the United States. The expansion of the healthcare facilities management market in the region is being aided by the region's growing geriatric population and an increase in chronic diseases.
Major Players in the Global Healthcare Facility Management Market
COVID-19 Impact
The abrupt onset of the COVID-19 pandemic has slowed the growth of the Healthcare Facility Management Market-US Forecast. Due to the implementation of lockdowns, businesses saw certain operational and logistical difficulties in the first quarter of 2020. The market eventually experienced a robust recovery in 2021 thanks to the enormous influx of COVID-19 patients and the enormous demand for healthcare facilities and associated management services.
Recent Developments
- January 2022, CBRE acquired Buildingi, a leading provider of occupancy planning and technology services, to meet the growing occupier demand for holistic occupancy management services.
- November 2021, JLL acquired Building Engines, a building operations platform.
- September 2021, AMB acquired Crown Building Maintenance Co, and Crown Energy Services, Inc., a leading facilities service.
- April 2021, Sodexo acquired MTS Health Limited, the UK’s leading provider of medical equipment asset management, to expand its business in the healthcare sector.
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- Chapter 1. Market Introduction
- 1.1. Objectives Of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Methodologies
- 1.4. Market Estimation Techniques
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of The Market
- Chapter 3. Healthcare Facility Management Market Outlook
- 3.1. Healthcare Facility Management Market Segmentation
- 3.2. Market Dynamics
- 3.2.1. Market Drivers
- 3.2.1.1. Driver 1
- 3.2.1.2. Driver 2
- 3.2.1.3. Driver 3
- 3.2.2. Market Restraints
- 3.2.2.1. Restraint 1
- 3.2.2.2. Restraint 2
- 3.2.3. Market Opportunities
- 3.2.3.1. Opportunity 1
- 3.2.3.2. Opportunity 2
- 3.3. Porter’s Five Forces Analysis
- 3.3.1. Threat Of New Entrants
- 3.3.2. Threat Of Substitutes
- 3.3.3. Bargaining Power of Buyers
- 3.3.4. Bargaining Power of Supplier
- 3.3.5. Competitive Rivalry
- 3.4. Pestle Analysis
- 3.5. Value Chain Analysis
- 3.5.1. Raw Material Suppliers
- 3.5.2. Manufacturers
- 3.5.3. Wholesalers And/or Retailers
- 3.6. Impact Of the Russia and Ukraine War on The Global Healthcare Facility Management Market
- Chapter 4. The Economic Impact of Covid-19
- 4.1. Overall Impact of Covid-19
- 4.2. Impact Of Covid on The Global Healthcare Facility Management Market
- 4.3. Economic Impact Analysis
- Chapter 5. Healthcare Facility Management Market by Product Type
- 5.1. Market Overview
- 5.2. Waste Management
- 5.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.2.2. Market Size and Forecast, By Region, 2021-2031 ($Million)
- 5.3. Security Services
- 5.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.3.2. Market Size and Forecast, By Region, 2021-2031 ($Million)
- 5.4. Catering Services
- 5.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.4.2. Market Size and Forecast, By Region, 2021-2031 ($Million)
- 5.5. Cleaning Services
- 5.5.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.5.2. Market Size and Forecast, By Region, 2021-2031 ($Million)
- 5.6. Technical Support Services
- 5.6.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.6.2. Market Size and Forecast, By Region, 2021-2031 ($Million)
- 5.7. Others
- 5.7.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.7.2. Market Size and Forecast, By Region, 2021-2031 ($Million)
- Chapter 6. Healthcare Facility Management Market by End User
- 6.1. Market Overview
- 6.2. Hospitals & Clinics
- 6.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.2.2. Market Size and Forecast, By Region, 2021-2031 ($Million)
- 6.3. Long-term Healthcare Facilities
- 6.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.3.2. Market Size and Forecast, By Region, 2021-2031 ($Million)
- 6.4. Others
- 6.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.4.2. Market Size and Forecast, By Region, 2021-2031 ($Million)
- Chapter 7. Global Healthcare Facility Management Market, By Region
- 7.1. Overview
- 7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. North America Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.2.3. North America Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.2.4. North America Healthcare Facility Management Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.2.5. The U.S.
- 7.2.5.1. The U.S. Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.2.5.2. The U.S. Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.2.6.2. Canada Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.2.7.2. Mexico Healthcare Facility Management Market Size and Forecast by End User Product, 2021-2031, ($Million)
- 7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Europe Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.3. Europe Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.3.4. Europe Healthcare Facility Management Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.3.5. Germany
- 7.3.5.1. Germany Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.5.2. Germany Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.3.6. France
- 7.3.6.1. France Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.6.2. France Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.3.7. U.K.
- 7.3.7.1. U.K. Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.7.2. U.K. Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.3.8. Spain
- 7.3.8.1. Spain Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.8.2. Spain Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.3.9. Italy
- 7.3.9.1. Italy Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.9.2. Italy Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.3.10. Russia
- 7.3.10.1. Russia Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.10.2. Russia Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.3.11. Rest Of Europe
- 7.3.11.1. Rest Of Europe Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.11.2. Rest Of Europe Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Asia-Pacific Healthcare Facility Management Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.4.3. Asia-Pacific Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.4. Asia-Pacific Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.4.5. China
- 7.4.5.1. China Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.5.2. China Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.4.6. India
- 7.4.6.1. India Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.6.2. India Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.4.7. Japan
- 7.4.7.1. Japan Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.7.2. Japan Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.8.2. South Korea Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.4.9. Rest Of APAC
- 7.4.9.1. Rest Of APAC Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.9.2. Rest Of APAC Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.5. Rest Of the World
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Rest Of the World Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.5.3. Rest Of the World Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.5.4. Rest Of the World Healthcare Facility Management Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.5.5. Latin America
- 7.5.5.1. Latin America Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.5.5.2. Latin America Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.5.6. Middle East
- 7.5.6.1. Middle East Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.5.6.2. Middle East Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- 7.5.7. Africa
- 7.5.7.1. Africa Healthcare Facility Management Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.5.7.2. Africa Healthcare Facility Management Market Size and Forecast by End User, 2021-2031, ($Million)
- Chapter 8. Competitive Landscape
- 8.1. Market Overview
- 8.2. Market Share Analysis/Key Player Positioning
- 8.3. Developmental Strategy Benchmarking
- 8.3.1. New End User Development
- 8.3.2. Product Launches
- 8.3.3. Business Expansions
- 8.3.4. Partnerships, Joint Ventures, And Collaborations
- 8.3.5. Mergers And Acquisitions
- Chapter 9. Company Profiles
- 9.1. Jones Lang LaSalle IP, Inc.
- 9.1.1. Company Snapshot
- 9.1.2. Financial Performance
- 9.1.3. Product Offerings
- 9.1.4. Key Strategic Initiatives
- 9.1.5. SWOT Analysis
- 9.2. CBRE
- 9.2.1. Company Snapshot
- 9.2.2. Financial Performance
- 9.2.3. Product Offerings
- 9.2.4. Key Strategic Initiatives
- 9.2.5. SWOT Analysis
- 9.3. Sodexo
- 9.3.1. Company Snapshot
- 9.3.2. Financial Performance
- 9.3.3. Product Offerings
- 9.3.4. Key Strategic Initiatives
- 9.3.5. SWOT Analysis
- 9.4. ABM
- 9.4.1. Company Snapshot
- 9.4.2. Financial Performance
- 9.4.3. Product Offerings
- 9.4.4. Key Strategic Initiatives
- 9.4.5. SWOT Analysis
- 9.5. ISS
- 9.5.1. Company Snapshot
- 9.5.2. Financial Performance
- 9.5.3. Product Offerings
- 9.5.4. Key Strategic Initiatives
- 9.5.5. SWOT Analysis
- 9.6. Medxcel
- 9.6.1. Company Snapshot
- 9.6.2. Financial Performance
- 9.6.3. Product Offerings
- 9.6.4. Key Strategic Initiatives
- 9.6.5. SWOT Analysis
- 9.7. GSH Group
- 9.7.1. Company Snapshot
- 9.7.2. Financial Performance
- 9.7.3. Product Offerings
- 9.7.4. Key Strategic Initiatives
- 9.7.5. SWOT Analysis
- 9.8. Accruent
- 9.8.1. Company Snapshot
- 9.8.2. Financial Performance
- 9.8.3. Product Offerings
- 9.8.4. Key Strategic Initiatives
- 9.8.5. SWOT Analysis
- 9.9. Johnson Controls
- 9.9.1. Company Snapshot
- 9.9.2. Financial Performance
- 9.9.3. Product Offerings
- 9.9.4. Key Strategic Initiatives
- 9.9.5. SWOT Analysis
- 9.10. 3M
- 9.10.1. Company Snapshot
- 9.10.2. Financial Performance
- 9.10.3. Product Offerings
- 9.10.4. Key Strategic Initiatives
- 9.10.5. SWOT Analysis
- *The List of Company Is Subject to Change During the Final Compilation of The Report
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