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Healthcare Facilities Management Market Size US$ 473.2 bn by 2027

The global healthcare facilities management market size is expected to reach around US$ 473.2 bn by 2027 with a CAGR of 13.01%.

In 2019 the North America region has accounted US$ 61.14 billion market size. Healthcare facilities management is a broad area that covers several services provided across hospitals wards, waiting areas, and other zones. Healthcare facility management services are non-core services of a healthcare facility have appeared as in dispensable services in the expedition to deliver good in-patient care and competent running of a healthcare capacity. Healthcare facility management service suppliers are approving innovative ICT to address the growing prospects of healthcare organizations.

Health facilities management has existed as its own specialization inside the facility management industry. Medical buildings like hospitals would subcontract non-clinical tasks to generate sterile working circumstances whereas they dedicated on offering patient care. At present, health and FM are no longer identical with Health Facilities Management (HFM) associated with the medical industry but as one of the budding novel trends within facility management that manages facilities for wellbeing and health.

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Major Market Influencers:

Growth Factors

Restraints

Report Highlights

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Regional Snapshots

In 2020, North America dominated the healthcare facilities management on account of vigorous healthcare infrastructure and the introduction of diverse technologies for healthcare facilities management. North America is expected to further mirror this dominance throughout the forecast period on account rising awareness regarding healthcare sector growth in the region.

Healthcare institutions produce a huge amount of both non-hazardous and hazardous wastes daily. These wastes are produced as a result of the treatment, diagnosis, and research on animal and human diseases. These hazardous wastes, when incorrectly managed may compromise the worth of patient care. These wastes may increase environmental pollution and spread infectious illnesses such as hepatitis, acquired immunodeficiency syndrome (AIDS), diphtheria, cholera, and tuberculosis among others.

Major highlights of report:

Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa

Key Players

Some of the foremost players functioning in the healthcare facility management marketplace are Manutencoop Facility Management S.p.A. (MFM), ABM Industries Inc., Compass Group plc, Ecolab, Inc., ISS World Services A/S, Aramark Corporation, Jones Lang LaSalle, IP, Inc.,Medxcel Facility Management, Mitie Group plc, Sodexo, Vanguard Resources, and UEM EdgentaBerhad, OCS Group, Secro Group plc and others.

Market Segmentation

By Service Type

 By Hard Service Type

By Soft Service Type

By Regional Outlook

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