Healthcare Facilities Management Market by Product (Hard Services [Plumbing & Air Conditioning Maintenance, Fire Protection Systems, Mechanical & Electrical Maintenance and Others] and Soft Services [Cleaning & Pest Control, Laundry, catering, Waste Management, Security and Others]) and by End User (Hospital, Ambulatory Service Centers, Clinics, Long-Term Healthcare Facilities and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Global healthcare facilities management market expected to generate revenue of around USD 515.31 billion by the end of 2024, growing at a CAGR of around 13.60% between 2018 and 2024. Healthcare facilities management is a professional management authority which generally focuses on the delivery of services & support system to different healthcare organizations.

23-Jul-2018 | Number of pages: 110 | Report Code: ZMR-2756 | Report Format : | Status : Published

Analysis

Healthcare facilities management system achieves well-organized and efficient delivery of various support & services facilities to different firms. It coordinates the demand & supply services among the public & private companies. 

Increased demand for the global healthcare facilities management market is fueled due to various factors such as the rapid technological advancements in healthcare products and services, increase in the occurrence of different chronic diseases, increase in support from government institutions, the rapid increase in disposable income among the population, and development of medical tourism. Increase in use of the IoT, development of cloud-based solutions and growth in requirements for outsourcing services are some of the factors that are likely to increase the growth opportunities for the global market of healthcare facilities management. However, the wide gap between management service providers and healthcare players, the high cost required for the setup, and lack of technical experts are some of the factors that are restricting the growth of the global market.

Global Healthcare Facilities Management Market

Healthcare facilities management market is segmented into the service type and end user. On the basis of the service type, the healthcare facilities management market is segmented into hard services and soft services. Hard services segment is further segmented into protection systems, plumbing, air conditioning maintenance, mechanical & electrical maintenance, and others. Soft services segment is further sub-segmented into the laundry, waste management, laundry, security, cleaning & pest control, and others. Soft services segment is expected to dominate the market in the forecast period. On the basis of the end user, the healthcare facility management market is segmented into ASCs, clinics, hospital, long-term healthcare facilities, and others. Hospital segment is expected to dominate the healthcare facility management market during the forecast period.

North America is expected to lead the healthcare facilities management market during the forecast period. This is due to the robust infrastructure of healthcare and a rapid increase in the technological advancement in healthcare IT. The Asia Pacific is expected to follow North America in the forecast period due to rising investments by the government for the growth of healthcare infrastructure. The rapid increase in the medical tourism and emerging economies such as China and India which act as lucrative markets for the players for investments are also expected to fuel the growth of the healthcare facilities management market in the Asia Pacific region.

The main players involved in the global market of healthcare facilities management are ISS World Services A/S, Mitie Group Plc, Ecolab USA Inc., ABM, OCS Group, Jones Lang LaSalle, Aramark, Medxcel Facilities Management, Sodexo, Inc., Vanguard Resources, and Compass Group Plc. The companies are focusing on providing recent technologies and cost-effective services.


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