Healthcare Facilities Management Market Size is estimated to be US 294.0 billion in 2023 and is poised to register 8.8% growth over the forecast period from 2023 to 2030 to reach US $ 530.6 billion in 2030.
The healthcare facilities management market presents lucrative opportunities for companies operating across the industry. Amidst increasing consumer awareness and availability of specialized solutions by companies, healthcare service providers are quickly opting for healthcare facilities management services. The report analyzes the market growth potential of hard services and soft services. In addition, the market size outlook across key end-users including Hospitals, Long-term healthcare facilities, and others is also included in the research. Further, key companies operating in the industry along with their product profile and SWOT analysis are included in the research study. Further, forecasts of leading countries over the forecast period from 2021 to 2030 are provided in the report.
Healthcare Facilities Management Market Study Highlights, 2023
Healthcare Facilities Management Market Outlook to 2030
Healthcare Facilities Management Market Overview
The healthcare facilities management market is rapidly emerging with the growing healthcare expenditures and increasing prevalence of chronic conditions across the world. Further, technological advancements in facility management services are encouraging wide adoption across hospitals and clinical settings.
Increased preference for use of outsourced services is encouraging market growth for Healthcare Facilities Management across developed and developing countries. Most manufacturing companies are focusing on launching cost-efficient Healthcare Facilities Management to cater to strong demand growth from emerging markets.
During the COVID-19 pandemic period, the facility management market witnessed a decline in business revenue, due to lowered spending by hospitals and clinics. However, the market recovered through 2021 and the near-term outlook remains robust.
On the other hand, high costs of services, a dearth of skilled professionals, and challenges associated with adhering to new regulations, financial pressures, and security concerns will pose challenges to market growth.
Healthcare Facilities Management Market Trend - The trend towards single facility management service providers observed across markets
To boost operational efficiency, most hospitals are focusing on outsourcing their facility management tasks. Both hard services and soft services are being outsourced, predominantly to specialized facility managers. Single FM service companies are rapidly expanding in place of integrated facility management providers. Outsourcing to multiple parties specialized in a particular segment boosts the efficiency of management and ensures service quality.
On the other hand, integrated facility management provides convenience to hospitals as they are one-stop shops for all hard and soft services needed by hospitals. Integrated services offer the advantages of effective management, lower operational costs, quick responses to tickets, reduced downtime, and others. However, to promote specialization and increase the quality of services, hospitals are opting for single FM service providers. Smaller hospitals, long-term care centers, and others are increasingly procuring single-facility management services. Having different service providers for different tasks ensures that single-service providers can focus on what they are best at.
Healthcare Facilities Management Market Opportunities- Medical Waste management services offer significant opportunities for facility management companies
Collection, Treatment, Disposal, Incineration, and Recycling services for medical waste management are rapidly increasing, driven by the increased volume of waste generation, growing geriatric and obese population, and use of disposable devices. The launch of awareness programs towards hospital waste management across developed markets encourage market growth.
Both hazardous and non-hazardous wastes are generated in large quantities across hospitals, long-term care centers, ambulatory services, and others. In particular, the non-hazardous waste is rapidly increasing, presenting significant opportunities for service providers. Hazardous waste including infectious and pathological waste, sharp waste, pharmaceutical waste, and others is also increasing rapidly, with increasing surgical volumes. An estimated 0.5 kg of hazardous waste per hospital bed per day in developed countries and 0.2 Kg in developing countries is produced according to the WHO.
Amidst increasing waste generation and stringent regulations in handling medical waste, hospitals across markets are opting for outsourcing waste handling. High costs associated with onsite treatment encourage hospitals to opt for offsite treatment of the waste, predominantly in the incineration process, followed by chemical treatment, autoclaving, and other processes.
Healthcare Facilities Management Market Share Analysis- Hard Services generated the highest revenue
Hard facilities services are physically integrated into building operations and include heating, lighting/electrical, plumbing, fire safety systems, air conditioning, mechanical, and other services. New trends including the growth of integrated services, collaborations among different single facility management companies, personalization, data-driven decision-making, and others are observed in the industry.
Leading companies focus on offering services through a dedicated, experienced, and skilled team of professionals. Hard service providers assist public and private hospitals, dental surgeries, medical centers, primary care facilities, and hospices in achieving operational efficiency by handling day-to-day technical maintenance issues that may arise by operating and maintaining your systems and assets.
Further, amid the increasing drive towards reducing energy consumption and life cycle costs, most companies are opting for outsourcing their facility management services to third parties. Ensuring a safe and reliable Environment of Care such as fire monitoring, emergency power, water management, air management, managing security such as controlling access, surveillance, equipment safety, and preventive maintenance services to increase efficiency by taking care of the day-to-day technical maintenance issues.
Healthcare Facilities Management Market Segmentation
Types
Applications
Companies
Regions
1. Executive Summary
1.1 Introduction to Healthcare Facilities Management Markets
1.2 Healthcare Facilities Management Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Healthcare Facilities Management Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Healthcare Facilities Management Market Trends
3.1.1 Medical Waste management services offer significant opportunities for facility management companies
3.1.2 The trend towards single facility management service providers observed across markets
3.1.3 Outsourced facility management services
3.2 Key Healthcare Facilities Management Market Growth Drivers
3.2.1 Chronic diseases are on the rise
3.2.2 Increasing geriatric population
3.2.3 Focus on emerging countries
3.3 Key Healthcare Facilities Management Market Growth Restraints
3.3.1 Lack of awareness in developing countries
3.3.2 Lack of trained personnel
4 Healthcare Facilities Management Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Healthcare Facilities Management Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Healthcare Facilities Management Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Healthcare Facilities Management Market Size Outlook to 2030
5. Healthcare Facilities Management Market Segmentation- Outlook by Type
5.1 Healthcare Facilities Management Market Share Analysis by Type, 2023
5.2 Hard Services Market Outlook to 2030
5.3 Soft Services Market Outlook to 2030
6. Healthcare Facilities Management Market Segmentation- Outlook by Application
6.1 Healthcare Facilities Management Market Share Analysis by Application, 2023
6.2 Hospitals and Clinics: Healthcare Facilities Management Market Outlook to 2030
6.3 Long-term healthcare facilities: Healthcare Facilities Management Market Outlook to 2030
6.4 Other End-Users Market Outlook to 2030
7. North America Healthcare Facilities Management Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Healthcare Facilities Management Market Growth Opportunities
7.2.1 North America Healthcare Facilities Management Market Outlook by Type, 2021 to 2030
7.2.2 North America Healthcare Facilities Management Market Outlook by Application, 2021 to 2030
7.2.3 North America Healthcare Facilities Management Market Outlook by Country, 2021 to 2030
7.3 United States Healthcare Facilities Management Market Outlook, 2021 to 2030
7.4 Canada Healthcare Facilities Management Market Outlook, 2021 to 2030
7.5 Mexico Healthcare Facilities Management Market Outlook, 2021 to 2030
8. Europe Healthcare Facilities Management Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Healthcare Facilities Management Market Growth Opportunities
8.2.1 Europe Healthcare Facilities Management Market Outlook by Type, 2021 to 2030
8.2.2 Europe Healthcare Facilities Management Market Outlook by Application, 2021 to 2030
8.2.3 Europe Healthcare Facilities Management Market Outlook by Country, 2021 to 2030
8.3 Germany Healthcare Facilities Management Market Outlook, 2021 to 2030
8.4 France Healthcare Facilities Management Market Outlook, 2021 to 2030
8.5 United Kingdom Healthcare Facilities Management Market Outlook, 2021 to 2030
8.6 Spain Healthcare Facilities Management Market Outlook, 2021 to 2030
8.7 Italy Healthcare Facilities Management Market Outlook, 2021 to 2030
8.8 Other Europe Healthcare Facilities Management Market Outlook, 2021 to 2030
9. Asia Pacific Healthcare Facilities Management Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Healthcare Facilities Management Market Growth Opportunities
9.2.1 Asia Pacific Healthcare Facilities Management Market Outlook by Type, 2021 to 2030
9.2.2 Asia Pacific Healthcare Facilities Management Market Outlook by Application, 2021 to 2030
9.2.3 Asia Pacific Healthcare Facilities Management Market Outlook by Country, 2021 to 2030
9.3 China Healthcare Facilities Management Market Outlook, 2021 to 2030
9.4 Japan Healthcare Facilities Management Market Outlook, 2021 to 2030
9.5 India Healthcare Facilities Management Market Outlook, 2021 to 2030
9.6 South Korea Healthcare Facilities Management Market Outlook, 2021 to 2030
9.7 Indonesia Healthcare Facilities Management Market Outlook, 2021 to 2030
9.8 Other Asia Pacific Healthcare Facilities Management Market Outlook, 2021 to 2030
10. South and Central America Healthcare Facilities Management Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 South and Central America Healthcare Facilities Management Market Growth Opportunities
10.2.1 South and Central America Healthcare Facilities Management Market Outlook by Type, 2021 to 2030
10.2.2 South and Central America Healthcare Facilities Management Market Outlook by Application, 2021 to 2030
10.2.3 South and Central America Healthcare Facilities Management Market Outlook by Country, 2021 to 2030
10.3 Brazil Healthcare Facilities Management Market Outlook, 2021 to 2030
10.4 Argentina Healthcare Facilities Management Market Outlook, 2021 to 2030
10.5 Other Latin America Healthcare Facilities Management Market Outlook, 2021 to 2030
11. Middle East and Africa Healthcare Facilities Management Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and Africa Healthcare Facilities Management Market Growth Opportunities
11.2.1 Middle East and Africa Healthcare Facilities Management Market Outlook by Type, 2021 to 2030
11.2.2 Middle East and Africa Healthcare Facilities Management Market Outlook by Application, 2021 to 2030
11.2.3 Middle East and Africa Healthcare Facilities Management Market Outlook by Country, 2021 to 2030
11.3 Saudi Arabia Healthcare Facilities Management Market Outlook, 2021 to 2030
11.4 United Arab Emirates (the UAE) Healthcare Facilities Management Market Outlook, 2021 to 2030
11.5 Other Middle East Healthcare Facilities Management Market Outlook, 2021 to 2030
11.6 Egypt Healthcare Facilities Management Market Outlook, 2021 to 2030
11.7 South Africa Healthcare Facilities Management Market Outlook, 2021 to 2030
11.8 Other Africa Healthcare Facilities Management Market Outlook, 2021 to 2030
12. Profiles of major world Healthcare Facilities Management Companies
12.1 Ecolab SA
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.2 Aramark Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.3 ABM Industries Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.4 Sodexo
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.5 ISS World Services A/S
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.6 Jones Lang LaSalle
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.7 CBRE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.8 Medxcel
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
12.9 The 3M Company
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
12.10 Accruent
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
Types
Applications
Medical Waste Management services offer significant opportunities for facility management companies; The trend towards single facility management service providers observed across markets; Outsourced facility management services; Increasing geriatric population; Increasing global Healthcare Expenditure worldwide; Chronic diseases are on the rise; Focus on emerging countries remains a major marketing strategy for expansion
The global Healthcare Facilities Management Market Size stood at US$ 285.5 Billion in 2022
The global Healthcare Facilities Management Market Size is poised to register 8.67% growth over the forecast period from 2023 to 2030
Ecolab SA, Aramark Corporation, ABM Industries Inc, Sodexo, ISS World Services A/S, Jones Lang LaSalle, CBRE, Medxcel, The 3M company, Accruent
Hard Services are the dominant type and the fastest growing type of healthcare facilities management across countries