Healthcare Facilities Management Market (By Hard Services Type: Plumbing, Fire Protection Systems, Mechanical and Electrical Maintenance, Air Conditioning Maintenance, Others; By Soft Services: Security, Laundry, Cleaning & Pest Control, Catering, Waste Management, Others)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Healthcare Facilities Management market gathered revenue around USD 178.5 billion in 2021 and market is set to grow USD 473.2 Billion by the end of 2030 and is estimated to expand at a modest CAGR of 13.2% during the prediction period 2022 to 2030.

Growth Factors:

The demand within the healthcare facilities management market is increasing at a boisterous pace in recent times. The healthcare industry has gradually shifted from being an absolutist focused on medical procedures to a more diverse industry that prioritises patient safety, utility, and wellness. For this reason, healthcare facilities do not just focus on inducting the latest medical device or technology, going an extra mile to ensure state-of-the-art rooms, beds, and storage systems. Healthcare facilities management is a broad area that covers several services provided across hospitals wards, waiting areas, and other zones. In this context, the growth of the global healthcare facilities management market is expected to attract huge-scale revenues.

Provision of medical services, combined with the availability of add-on services such as laundry, air conditioning, and nurse-call have helped in improving the fettle of the healthcare sector. Plumbing and electric repair are some of the most common services used across the domain of healthcare management. The rise in the incidence of chronic diseases has compelled the healthcare fraternity to ensure proper execution of multiple services. Private healthcare institutions have been more active in deploying healthcare facility management services. The increasing spending capacity of private healthcare units has given a thrust to market expansion. The need for continual advancements in the healthcare service fabric has driven market demand.

The healthcare industry contributes a substantial part to the GDP of a nation, and is responsible for maintaining the human development index. For this reason, investments in healthcare have been at the forefront of regional growth. The presence of a seamless and utility-driven healthcare sector also gives an impetus to accelerated patient recovery. The importance of care delivery has led medical practitioners to focus on improving healthcare facilities. Therefore, the healthcare facilities management market is set to expand in the times to follow.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Healthcare Facilities Management market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Healthcare Facilities Management market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Healthcare Facilities Management market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Regional analysis:

North America is projected to lead the global healthcare facilities management market during years to come. This growth is on account of the strong healthcare organization and the introduction of diverse technologies for healthcare facilities. The complete circumstance of the healthcare structure varies extensively in North American. Presently, some of the hospitals have formed robust market position and certain hospitals have recognized a basic healthcare facility management. In 2020, American Cancer Society projected that there will be about 1.8 million new cancer cases detected and around 606,520 cancer deaths will occur in the U.S. Additionally, growing elderly population and rising chronic diseases throughout the region is expected to supplement the development of the healthcare facilities management market in the near future.

In Europe, over 30% of integrated FM revenue is produced by the healthcare industry. Growing pressure on public budgets may alter healthcare institutions thus driving service provision towards decentralized delivery. Quality and specialized services will be obtainable at a finest, motivating healthcare provider and consumer from a cure-based delivery demand to prevention based one.

Developing markets such as Middle East & Africa and Asia Pacific propose alluring market prospects new in case of health care facility management service providers. These nations are undergoing entry of small companies in the marketplace. The quick upsurge in the medical tourism in the developing markets such as China and India act as profitable markets for the companies for investments, thus anticipated to flourish the growth of the healthcare facilities management market in these nations.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Some of the prominent players in the Healthcare Facilities Management Market include:  ABM Industries Inc, ISS World Services A/S, Jones Lang LaSalle, IP, Inc, Manutencoop Facility Management S.p.A., Medxcel Facility Management, Mitie Group plc.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

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 Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Highlights of the Report:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Healthcare Facilities Management market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Healthcare Facilities Management market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Healthcare Facilities Management markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

• Governmental bodies, and organizations creating economic policies
• National and international social welfare institutions
• Company websites, financial reports and SEC filings, broker and investor reports
• Related patent and regulatory databases
• Statistical databases and market reports
• Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

• Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
• In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

• CEOs, VPs, market intelligence managers
• Procuring and national sales managers technical personnel, distributors and resellers
• Research analysts and key opinion leaders from various domains

Key Points Covered in Healthcare Facilities Management market Study:

• Growth of Healthcare Facilities Management in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Healthcare Facilities Management and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Healthcare Facilities Management Consumption Analysis
•  Healthcare Facilities Management Production Analysis
•  Healthcare Facilities Management and Management