According to the latest report by IMARC Group, titled “Healthcare Facilities Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” provides an extensive analysis of the healthcare facilities management market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global healthcare facilities management market size reached US$ 373.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 761.6 Billion by 2032, exhibiting a growth rate (CAGR) of 8.1% during 2024-2032.
Healthcare Facilities Management Market Trends:
The increasing demand for advanced healthcare services is driving the global market. Moreover, the rising prevalence of chronic diseases and an aging population significantly propel the need for well-maintained healthcare infrastructure. Furthermore, technological advancements, such as the integration of Internet of Things (IoT) devices and automation, enhance the operational efficiency and safety of healthcare facilities.
Additionally, stringent regulatory requirements and standards mandate comprehensive facilities management to maintain compliance and ensure patient safety. The growing focus on sustainability and energy efficiency within healthcare environments also augments the market, as facilities seek to reduce operational costs and environmental impact. Besides, the expansion of healthcare services in emerging economies leads to increased investment in healthcare infrastructure, further propelling the demand for effective facilities management.
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Global Healthcare Facilities Management Market Scope & Growth Analysis:
The global market scope is expanding due to the increasing complexity of healthcare operations, coupled with the need for specialized services. The integration of advanced technologies, such as AI and machine learning, into facilities management practices, enhances predictive maintenance and operational efficiency, thus widening the market scope. Additionally, the shift towards value-based healthcare models emphasizes the importance of efficient facility management to improve patient outcomes and reduce costs.
The growing awareness of the importance of a safe and hygienic environment in healthcare settings further supports the demand for comprehensive facilities management solutions. Market analysis also highlights the trend towards the adoption of smart building solutions, which integrate various systems for better control and efficiency, as a crucial factor in expanding the market. Furthermore, the increasing investments in healthcare infrastructure in developing regions present a significant growth scope.
Competitive Landscape with Key Players:
- 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 Market Segmentation:
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)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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- Strong Market Research Expertise
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- Innovative Solutions
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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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