news

Healthcare Facilities Management Market is Estimated to Reach Close to $ 400 Bn by 2027

Healthcare%20Facilities%20Management%20Market_1614079173.png

The Healthcare Facilities Management Market is projected to reach USD 400 Billion by 2027, increasing at a compound annual growth rate (CAGR) of 12.98% from 2020 to 2027.

Precedence Research has published a new report titled, “Healthcare Facilities Management”, the report offers an up-to-date analysis regarding the current market scenario, latest trends, key drivers, potential challenges, profitability graph and the overall market environment.

Healthcare facility management services are non-core services of a healthcare facility that have appeared as indispensable 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.

Get the Sample Pages of Report for More Understanding@ https://www.precedenceresearch.com/sample/1026

Growth Factors

Currently, occurrences of chronic and rare diseases and elevated geriatric population in Europe and North America demanding sophisticated medical facilities. This is leading to escalation in the number of healthcare facilities that supports the growth of healthcare facility management services. Further, IoT and supplementary new ICT (Information and Communication Technology) are flourishing the healthcare facility management market.

There has been upsurge in the amount of international and national facility management contracts all over the globe. In 2000, there were only a few international facility management contracts, which in future on augmented to double digits by 2010. This comprised a growth in international healthcare facility management contracts. Such growth in various types of contracts is fueling growth of healthcare facility management market.

Report Highlights

  • Soft healthcare facility management services segment is anticipated to occupy major market share than the hard healthcare facility management services segment. Hard services segment is also projected to increase at a higher pace during the estimate period.
  • Recognized companies are centering on intensifying their service base with by acquisitions of small-sized and niche companies functioning in the market. This benefits established players to incorporate novel technologies adopted by niche businesses.
  • Real Time Location System for tracking of medical equipment, inventory management via low-cost Bluetooth Low Energy technology, collecting in-patient data via wearable and sensors and usage of mobile technology to distantly assess patient data are certain of the IoT-enabled services that are accepted by facility management service suppliers.

Regional Snapshots

In 2019, 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.

In 2018, in Switzerland, as per the Organization for Economic Co-operation and Development (OECD), the average per capita healthcare expenditure was about USD 7,317 and was around USD 5,299 in Denmark. Thus growing concerns towards healthcare waste management and rising healthcare expenditure are driving the growth of global Healthcare facility management services market.

Key Players & Strategies

The snowballing level of specialization within the health sector leads more progressive demands from services and FM industry customers. Agencies and competitors are concentrating on evolving niches in the health industries that could attain market success over comprehensive service providers as the requirement for advanced services touches an acute threshold.

Industry value chain of the healthcare facility management market includes of raw material providers, healthcare facility management service providers, and end users. Suppliers of raw material to this industry can be either in-house personnel or third party suppliers, as per the approach accepted by a facility management service provider. There has been a rise in the amount of acquisition and mergers among service providers. Clinics and hospitals are anticipated to witness gainful progress on account of rising awareness about the sanitation needed to evade scattering of diseases and responsiveness concerning the requirement for controlling the pollution of the environment.

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

  • Hard Services
  • Soft Services

By Hard Service Type

  • Mechanical and Electrical Maintenance
  • Plumbing, Air Conditioning Maintenance
  • Fire Protection Systems
  • Others

By Soft Service Type

  • Laundry
  • Waste Management
  • Cleaning & Pest Control
  • Catering
  • Security
  • Others

By Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

This report provides:

  • 1)An overview of the global market for Healthcare Facilities Management and related technologies.
  • 2)Identifications of new market opportunities and targeted promotional plans for Healthcare Facilities Management market.
  • 3)Comprehensive company profiles of major players in the industry.
  • 4)Discussion of research and development, and the demand for new products and new applications.
  • 5)Analyses of global market trends, with data from 2016, estimates for 2016 and 2027, and projections of compound annual growth rates (CAGRs) through 2027.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Healthcare Facilities Management Market, By Service

7.1. Healthcare Facilities Management Market, by Service Type, 2020-2027
7.1.1. Hard Services
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Soft Services
7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Healthcare Facilities Management Market, By Hard Service

8.1. Healthcare Facilities Management Market, by Hard Service, 2020-2027
8.1.1. Mechanical and Electrical Maintenance
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Plumbing, Air Conditioning Maintenance
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Fire Protection Systems
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Healthcare Facilities Management Market, By Soft Service

9.1. Healthcare Facilities Management Market, by Soft Service, 2020-2027
9.1.1. Laundry
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Waste Management
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Cleaning & Pest Control
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Catering
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Security
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Healthcare Facilities Management Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.1.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.2. Europe
10.2.1. Market Revenue and...

Do you already have an account? Log in here

Posted in: USA/Canada VIV Asia
Precedence Research

Precedence Research

Market Research and Consulting, Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

View all posts of Precedence

Join the discussion

0 comments

To read and post comments you need to login or register