Healthcare Facilities Management Market outline
Healthcare facilities management 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 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.
Global healthcare facilities management market was valued at US$ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Healthcare Facilities Management Market Scope
The market is segmented based on the hard Services, soft services, and end user
Based on the hard services, the market is segmented into the following:
- Mechanical and Electrical Maintenance
- Plumbing and Air Conditioning Maintenance
- Fire Protection Systems
- Fabric Maintenance
Based on the soft services, the market is segmented into the following:
- Waste Management
- Administrative Services
- Cleaning
- Laundry
- Catering
Based on the end user, the market is segmented into the following:
- Hospitals
- Clinics
- Others
Healthcare Facilities Management Market Regional Analysis
Geographically, global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe healthcare 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 market is 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.
Healthcare Facilities Management Market Players
- 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)
Notable Market Developments:
In March 2018, Medxcel Client Facility has earned prestigious LEED Certification, Austin Energy Green Building Rating for Green Design and Construction Methods
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
- 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 scenari0
