Health Facilities Management Market is valued at USD 189.25 Billion in 2018 and is expected to reach USD 436.48 Billion by 2025 with a CAGR of 12.68% over the forecast period.
Increasing demand for community-based healthcare centers to deliver better patient outcomes, rise in prevalence of chronic diseases and growing aging population are the key factors fuelling the growth of the health facilities management market.
Health facilities management enables cleanliness, saves money and provides employee safety, and improves productivity. A non-profit organization or private organization that renders asset and facility management services to the healthcare industry which includes medical wards, sickness bays, healthcare facilities, hospital premises, medical equipment, and medicine storage areas. Healthcare facilities management is important for healthcare facilities to safeguard service requests are provided efficiently to maintain operations without obstacles. Medical facilities management helps to reduce loss to the hospitals as they support in saving time, efforts, and workforce. The health management facilities are strengthening the relationship between hospitals and patients.
The health facilities management market is segmented on the basis of service type, end-users, and region. Based on service type the market is segmented into Stand-alone Systems and Integrated Systems. Based on end-users the market is segmented into hospitals, clinics,s and others.
The regions covered in this health facilities management market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, the market of health facilities management market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players of the health facilities management market are,
Increasing demand for community-based healthcare centers to deliver better patient outcomes, rise in prevalence of chronic diseases and growing aging population are the key factors supporting the growth of the health facilities management market within the forecast period. The growing prevalence of chronic related diseases like diabetes, cancer, Asthma as well as the new building designs to promote good care service, ensure safety and hygiene for patients are some key factors leading to an increased demand for this market. For example; around 133 million Americans with 45% of the population have at least one chronic disease. Furthermore, the increasing need for improving health facilities can help to coordinate patients’ room data, medical facilities, building equipment, security, cleanliness, and maintenance. Many healthcare organizations are moving to facility management in an effort to better manage costs, respond to regulatory requirements, and support the quality of health services. However, highly skilled facility managers are needed to manage the healthcare service may hamper the growth of this market.
North America is expected to dominate the health facilities management market due to well-established healthcare infrastructure, increasing incidences of chronic diseases, and a surge in the number of health centers. For example; health centers play an important role in the U.S. health care system, delivering care to over 27 million people in order to produce better outcomes for their patients and for the communities. Moreover, chronic diseases are responsible for seven out of every 10 deaths in the U.S., killing over 1.7 million Americans every year. The Asia Pacific is emerging as the fastest-growing region in terms of health facilities management. This is because the rising aging population and increasing investments in healthcare facilities are associated with greater demand for health care services.
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Report Analysis | Details |
---|---|
Historical data | 2015 - 2020 |
Forecast Period | 2021 - 2027 |
Market Size in 2020: | USD 189.25 Billion |
Base year considered | 2020 |
Forecast Period CAGR %: |
12.68 % |
Market Size Expected in 2027: | USD 436.48 Billion |
Tables, Charts & Figures: | 175 |
Pages | 200 |
healthcare facilities management companies | ABM Industries Inc., Aramark Corporation, Compass Group plc, Ecolab, Inc, ISS World Services A/S, Jones Lang LaSalle, IP, Inc., Manutencoop Facility Management S.p.A. (MFM), Medxcel Facility Management, Mitie Group plc, OCS Group, Secro Group plc, Sodexo, Vanguard Resources, UEM Edgenta Berhad, Others |
Segments Covered | By Service Type, By End Users |
Regional Analysis | North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa |
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