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Description
The healthcare facilities management market size is valued at USD 283.8 billion in 2021 and expected to reach a value of USD 600 billion by 2028, at a CAGR of 13.7% during the forecast period 2022 to 2028. 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.
Recent Market Developments:
In April 2021, Sodexo has acquired the award-winning MTS Health Limited to expand its business in the healthcare sector. The acquisition enables Sodexo to build on existing business in the USA and Asia Pacific regions, and MTS Health’s wealth of technical knowledge and operational experience to enhance services for clients in the UK and Ireland. In January 2022, CBRE Group announced that it has acquired Buildingi, a leading provider of occupancy planning and technology services, to meet growing occupier demand for holistic occupancy management services. Buildingi will fully integrate with CBRE’s Occupancy Management team and initially transition to “Buildingi from CBRE.”
