Healthcare Facilities Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Healthcare Facilities Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global healthcare facilities management market size reached US$ 342.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 596.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028.

Healthcare facilities management (HFM) refers to a techno-scientific service that facilitates development, maintenance, and security operations in clinics and hospitals to enhance the patient experience. It is used to establish safety policies, identify the requirement of renovation, provide technical support, ensure a high-quality environment, maintain security, and monitor construction projects. Healthcare facilities management offers various benefits, such as the higher return of investment (ROI), flexibility, better data management, improved overall performance, transparency, and the availability of assets at cost-effective value.

Healthcare Facilities Management Market Trends:

The sudden outbreak of coronavirus disease (COVID-19) and the consequent implementation of social-distancing and hygiene maintenance protocols in the healthcare sector for providing the safest environment to the patients is a prime factor driving the market growth. In line with this, the increasing prevalence of various chronic diseases, the rising geriatric population, and the significant expansion in the healthcare sector are acting as other growth-inducing factors. Additionally, the widespread adoption of waste management practices for eliminating hazardous waste that leads to environmental pollution and infectious diseases, such as acquired immunodeficiency syndrome (AIDS), cholera, and hepatitis, are contributing to the market growth. The growing medical tourism in the emerging economies and strategic collaborations between third-party professional facility management providers and healthcare enterprises are positively stimulating the market growth. The introduction of several ICT technologies, such as key performance indices (KPI) and the internet of things (IoT), is boosting the market growth. Other factors, such as numerous initiatives undertaken by the governments of various countries for strengthening the healthcare infrastructure by incorporating advanced technological solutions to improve overall productivity and efficiency and the rising investment in the research and development (R&D) activities to introduce new disinfection and hygiene solutions, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare facilities management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service type, business model and end user.

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

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 Questions Answered in This Report:

What was the size of the global healthcare facilities management market in 2022?

What is the expected growth rate of the global healthcare facilities management market during 2023-2028?

What are the key factors driving the global healthcare facilities management market?

What has been the impact of COVID-19 on the global healthcare facilities management market?

What is the breakup of the global healthcare facilities management market based on the service type?

What is the breakup of the global healthcare facilities management market based on the business model?

What are the key regions in the global healthcare facilities management market?

Who are the key players/companies in the global healthcare facilities management market?