Healthcare Facilities Management Market : Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis and Forecast 2021 to 2027

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Healthcare Facilities Management Market By Hard Services (Mechanical and Electrical Maintenance, Plumbing and Air Conditioning Maintenance, Fire Protection Systems, and Fabric Maintenance), By Soft Services (Waste Management, Administrative Services, Cleaning, Laundry, and Catering), By End-User (Hospitals, Clinics, and Others), and Geography (North America, Latin America, Europe, Asia Pacific, Middle East and Africa)

 

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Report

Description

The healthcare facilities management market size is valued at USD 283.8 billion in 2020 and is expected to witness a revenue of USD 600 billion by 2027, with a CAGR of 13.7% over the forecast period 2021 to 2027. Healthcare facilities management Market is constantly needed to maintain a healthy and clean environment, it is achieved by proper planning and well-organized delivery of various functions. The facilities management helps in professional management of services such as cleaning, catering, maintenance, and security. Healthcare facilities management imperative across the hospitals and healthcare facilities to meet the regulatory standards. The worldwide healthcare facilities industry is predicted to grow significantly as a result of the COVID-19 pandemic. With an increase in the number of COVID-19 patients, an increase in the number of COVID-19 tests and treatments is expected, resulting in the production of massive amounts of medical waste. In addition, given the social separation, the administration of in-patient and out-patient services during the Pandemic is critical. In addition, maintaining good cleanliness is crucial in combating COVID-19 outbreaks. As a reaction to COVID-19, according to the Centers for Disease Control and Prevention (CDC), healthcare facilities must offer care for all patients in the safest manner possible for both patients and healthcare professionals. As a result of the considerations listed above, healthcare facility management is in high demand during the pandemic. Due to rising worldwide healthcare expenditures, an increase in the frequency of chronic diseases, and more medical tourism in emerging nations, the healthcare facilities management industry is expected to grow rapidly.

Healthcare Facilities Management Market

MARKET SUMMARY
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13.7% CAGR
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 13.7%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Healthcare Facilities Management Market

  • The report on global Healthcare Facilities Management Market gives historical, current, and future market sizes (US$ Bn) on the basis of hard services, soft services, end user and geography.
  • Healthcare Facilities Management Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Founders3 Real Estate Services (U.S)
  • Sodexo, Inc. (France)
  • Medxcel Facilities Management (U.S)
  • Vanguard Resources (U.S)
  • Compass Group Plc (UK)
Dynamics

Healthcare Facilities Management Market

The technological developments in the healthcare services and increase in the requirement for outsourcing of services is boosting the growth of the market. The outsourcing helps reduce cost and expenses of the business, it also helps saving time of resources which would be helpful in focusing on the core business functions. The increase in the development of the medical tourism and support from the government is enriching the growth of the market. However, the lack of quality standards of the service is limiting the growth. Increase in the labor cost is likely to hamper the growth of the market.


North-America got significant share

Healthcare Facilities Management Market

Geographically, global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europehealthcare facilities management market are the dominant markets. North America is predicted to keep the top spot in the global healthcare facilities management market. The Asia Pacific healthcare facilities management marketis expected to grow at significant rate over the forecast period owing to emerging economies such as China, India, and Japan. The increase in the support from the government in improving the healthcare facilities is adding fuel for the growth of the market in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report covers exhaustive regional information, that includes North America, Asia-Pacific, Latin America and Middle East and Africa.
  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario

Healthcare Facilities Management Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Founders3 Real Estate Services (U.S)
  • Sodexo, Inc. (France)
  • Medxcel Facilities Management (U.S)
  • Vanguard Resources (U.S)
  • Compass Group Plc (UK)
  • Aramark (U.S)
  • Mitie Group Plc (UK)
  • ISS World Services A/S (Denmark)
  • Ecolab (U.S)
  • OCS Group (UK)

Description

The healthcare facilities management market size is valued at USD 283.8 billion in 2020 and is expected to witness a revenue of USD 600 billion by 2027, with a CAGR of 13.7% over the forecast period 2021 to 2027. Healthcare facilities management Market is constantly needed to maintain a healthy and clean environment, it is achieved by proper planning and well-organized delivery of various functions. The facilities management helps in professional management of services such as cleaning, catering, maintenance, and security. Healthcare facilities management imperative across the hospitals and healthcare facilities to meet the regulatory standards. The worldwide healthcare facilities industry is predicted to grow significantly as a result of the COVID-19 pandemic. With an increase in the number of COVID-19 patients, an increase in the number of COVID-19 tests and treatments is expected, resulting in the production of massive amounts of medical waste. In addition, given the social separation, the administration of in-patient and out-patient services during the Pandemic is critical. In addition, maintaining good cleanliness is crucial in combating COVID-19 outbreaks. As a reaction to COVID-19, according to the Centers for Disease Control and Prevention (CDC), healthcare facilities must offer care for all patients in the safest manner possible for both patients and healthcare professionals. As a result of the considerations listed above, healthcare facility management is in high demand during the pandemic. Due to rising worldwide healthcare expenditures, an increase in the frequency of chronic diseases, and more medical tourism in emerging nations, the healthcare facilities management industry is expected to grow rapidly.

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