What is Healthcare Facility Management Market?
Healthcare facility management is essential for maintaining uninterrupted operations at medical facilities and ensuring that service requests are met promptly and effectively. To meet people's requirements, effective hospitals and healthcare facilities are essential. As they aid in saving time, effort, and workforce, appropriate hospitals and medical facilities serve to prevent loss to the hospitals. The interaction between hospitals and patients is strengthened by the effective use of facilities. This includes any building that provides healthcare services, including clinics, long-term facilities, surgical centers, and hospitals, and covers every aspect of facility upkeep.
Highlights from Healthcare Facility Management Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Jones Lang LaSalle IP, Inc. (United Kingdom), CBRE (United States), Sodexo (France), ABM (United States), ISS (India), Accruent Company (United States), Wayfair (United States), Best Buy (United States) and Spacewell International (MCS Solutions Pvt Ltd) (India) |
Global Healthcare Facility Management is a fragmented market due to the presence of various players. The players are focusing on investing more in launching new services which are helpful for rural areas people. These will enhance their market presence. The companies are also planning strategic activities like mergers and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Jones Lang LaSalle IP, Inc. (United Kingdom), CBRE (United States), Sodexo (France), ABM (United States), ISS (India), Accruent Company (United States), Wayfair (United States), Best Buy (United States) and Spacewell International (MCS Solutions Pvt Ltd) (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Planon Corporation (Netherlands), Ioffice, Inc. (United States) and MetricStream (United States). Healthcare Facility Management Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Hospital, Nursing home, Clinic and Others |
Type | Plumbing, Air Conditioning Maintenance, Fire Protection Systems, Mechanical and Electrical Maintenance, Cleaning and Pest Control and Laundry/Catering/Security/Waste Management |
Organization Size | Public,Private |
Service | Hard Services,(Plumbing, Air Conditioning Maintenance, Fire Protection Systems, Mechanical and Electrical Maintenance, Others),Soft Services,(Cleaning & Pest Control, Security, Waste Management, Administrative Services, Others) |
On the basis of geography, the market of Healthcare Facility Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Need for Healthcare Facility Management and Technological Advancement in the Healthcare Sector
Market Growth Drivers:
Rapid Shift towards Hygiene and Healthy Lifestyle and Accelerated Adoption of Digital Technologies, Including Telemedicine, Ed-tech Along with Increased FDI Inflows
Challenges:
Lack of Awareness about Healthcare Facility Management among People
Restraints:
Concerns with the Technical Experts in the Market
Opportunities:
Growing Prevalence of Disease can create Opportunities for the Healthcare Facility Management Market Growth, A Growing Middle Class, an Increased Emphasis on Public-Private Partnerships and Rising per Capita Disposal Income coupled with Rapid Growth of Healthcare Sector
Key Target Audience
Healthcare Facility Management Providers, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 4th May 2022, Tech24 acquired Facilities Management, LLC, and Peltz Services, Inc. The acquisition provides Tech24 with expansion into an attractive geography in the Midwest, complementary service offerings and new talent for the combined organization. The addition enables us to cover the greater Indiana area and extends the growing Tech24 footprint.
On 20th March 2022, CBRE launched specialized healthcare and education real estate services in India, offering significant growth potential and investment opportunities. The specialist team will provide strategic advisory, market analysis, feasibility studies, and valuations, as well as transactional services.