Healthcare Facilities Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Healthcare facilities management is important for medical facilities. It enhances the patient experience by enabling the precise clinical care facility and generally focuses on the services delivery & support system to different healthcare organizations. The facilities management supports technoscientific management of services such as catering, cleaning, maintenance, and security. Innovative technologies like IoT (Internet of Things) present profitable opportunities for facility management service providers to provide better customer service in healthcare facilities. It is achieved by proper planning and resourceful delivery of various functions.

MARKET SCOPE

The "Global Healthcare Facilities Management Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the healthcare facilities management market with detailed market segmentation by product type, end user, and geography. The report provides key statistics on the market status of the leading healthcare facilities management market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

- Based on product type, the global healthcare facilities management market is segmented into waste management, security services, catering services, cleaning services, technical support services and other products.
- On the basis of end-users, the market is bifurcated into hospitals and clinics, long-term healthcare facilities and other end users.

MARKET DYNAMICS

Drivers:

- The surge in outsourced facility management services by the healthcare enterprise, increasing prevalence of chronic diseases, and rising geriatric population drive the healthcare facilities management market growth.
- Growing medical tourism in developing countries and rising global healthcare expenditures fuel market growth.
- Increasing adoption of advanced technologies such as automated guided vehicles in hospitals to increase efficiencies boosts the market's growth.

Restraints:

- Lack of management awareness among the people.
- Lack of facilities management investment in low-income countries.
- Scarcity of technical experts.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The healthcare facilities management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the healthcare facilities management market in these regions.

IMPACT OF COVID-19 ON HEALTHCARE FACILITIES MANAGEMENT MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic has impacted every sector's growth. With the rising number of COVID-19 patients, there is an increase in the number of diagnostics and treatments for COVID-19, resulting in the production of vast amounts of medical waste. Hygiene maintenance plays a vital role in controlling the COVID-19 situations. Also, the management of in-patient and out-patient services while maintaining social distancing during this outbreak is of utmost importance. Therefore, healthcare facilities need to provide care to all patients in the safest way possible. Hence, the factors mentioned above facilitate the healthcare facilities management demand during the pandemic.

MARKET PLAYERS

The report covers key developments in the healthcare facilities management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from healthcare facilities management market are anticipated to have lucrative growth opportunities in the future with the rising demand for healthcare facilities management in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the healthcare facilities management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- Sodexo
- Serco Group plc
- Jones Lang LaSalle
- Mitie Group plc
- ABM Industries Inc.
- Aramark Corporation
- Ecolab Inc.
- Ocs Group
- Vanguard Resources Inc
- Medxcel Facilities Management

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Healthcare Facilities Management Report Scope