The Global Healthcare Facilities Management Market Growth Accelerated By Digital Transformation


https://www.coherentmarketinsights.com/market-insight/healthcare-facilities-management-market-5578
Healthcare Facilities Management Market 


Healthcare facilities management involves various services such as cleaning, security, catering, clinical equipment maintenance, and environmental management. These services ensure the smooth functioning of healthcare facilities and enhance patient experience. Increased focus on healthcare infrastructure, rise in aging population, and growing awareness about environmental hygiene are augmenting the demand for healthcare facilities management services.

The global Healthcare Facilities Management Market is estimated to be valued at US$ 398,396.4 Mn in 2023 and is expected to exhibit a CAGR of 12.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

Digital transformation is rapidly shaping the healthcare facilities management landscape. The adoption of technologies such as building automation systems, real-time location systems, AI-enabled predictive maintenance solutions is enabling remote monitoring and predictive repairs, and thereby enhancing operational efficiency. The ongoing digitization is allowing healthcare facilities managers to optimize asset and space utilization, control operational costs, and offer enhanced patient experience. Technological innovations are expected to remain a key driver for revenue growth of the healthcare facilities management market over the coming years.

Segment Analysis

The global healthcare facilities management market is dominated by the hard services sub-segment which accounts for around 60% of the market share. This is because hard services include critical facilities maintenance functions such as infrastructure maintenance, electrical and HVAC maintenance, plumbing and carpentry work which are essential for smooth and safe functioning of healthcare facilities. Disruptions in these services can impact patient care, thereby making these services a high priority for healthcare organizations.

Key Takeaways

The global Healthcare Facilities Management Market Growth is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis:
The North American region currently dominates the global healthcare facilities management market with a share of over 35% due to early adopter of healthcare facilities management services in this region. However, Asia Pacific region is expected to demonstrate fastest growth over the coming years given increasing healthcare expenditure and focus on improving healthcare infrastructure in countries such as China, India.

Key players:
Key players operating in the healthcare facilities management are Cushman & Wakefield, Tenon Group, Apollo Sindoori, Compass Group PLC, Sodexo, Serco Group PLC, OCS Group, Jones Lang LaSalle, ISS World Services AS, Ecolab Inc., ABM Industries Inc., Aramark Corporation, Vanguard Resources Inc., and Medxcel Facilities Management, among others. Cushman & Wakefield and Compass Group PLC are among the leading players owing to their global presence and full suite of facilities management services for the healthcare industry.

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