Healthcare Facilities Management Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Jan 2020 | No. of Pages : 200 Pages | Category : Healthcare

The global healthcare facility management market size is expected to surpass US$ 420 billion by 2028, expanding at a CAGR of 10% from 2021 to 2028. North America held a prominent share of the global healthcare facility management market in 2020.

Innovative technologies such as, IoT (Internet of Things) present lucrative opportunities for facility management service providers to offer better customer service in healthcare facilities. There is a huge potential to provide integrated facility management (IFM) business models, along with innovative technologies such as IoT in facility management services to the healthcare industry.

Development of innovative ICT technologies such as IoT, healthcare facility management software, and KPI (Key Performance Indices) matrix for measuring facility services is expected to increase the adoption of integrated facility management business models in the healthcare industry.

Globally, there has been a rise in outsourcing of facility management services by the healthcare industry (hospitals, nursing homes, etc.) to third party professional facility management providers. This has augmented the demand for facility management services in the healthcare sector.

Outsourcing of facility management services by hospitals, nursing homes, etc. help them to reduce cost of operation and focus more on their core healthcare activities.

In Asia Pacific, rise in outsourcing of facility management services by the healthcare industry is boosting the growth of the healthcare facility management market.

Based on the type of service, the global healthcare facility management market is segmented into hard and soft services. Hard services can again be sub-segmented into various non-core healthcare services such as plumbing and air conditioning maintenance, fire protection systems, mechanical and electrical maintenance, and other hard services such as fabric maintenance. Similarly, soft services can be sub-segmented into cleaning and pest control, laundry, catering, security, waste management, and other soft services such as administrative services. Although the global market size of soft healthcare facility management services is expected be more than hard healthcare facility management services, nevertheless, hard services are anticipated to witness a higher growth rate than soft services during the forecast period.

The market in Asia Pacific is expected to expand at a rapid CAGR as compared to other regions due to increasing trend by hospitals to outsource non-core medical services to professional facility management organizations. The healthcare facility management market in China is expected to be valued at US$ 28,549.2 Mn by 2026 and is expected to expand at a CAGR of 16.7% during the forecast period.

IoT and other new ICT (Information and Communication Technology) are driving the present healthcare facility management market.

Healthcare facility management services which are non-core services of a healthcare facility have emerged as essential services in the quest to provide good in-patient care and efficient running of a healthcare facility. Healthcare facility management service providers are adopting advanced ICT to meet the rising expectations of healthcare organizations.

The healthcare facility management market is witnessing a shift in technology to improve facility monitoring, cost effectiveness, and efficiency. Adoption of new ICT such as IoT by facility management service providers is expected to enable healthcare facilities access real-time information through interconnected sensors that will help them to better manage their business. RTLS (Real Time Location System) for tracking of medical equipment, inventory management through low-cost Bluetooth Low Energy (BLE) technology, gathering in-patient data through wearable and sensors, and use of mobile technology to remotely access patient data are some of the IoT-enabled technologies and services that are adopted by facility management service providers. IoT is also expected to revolutionize the present healthcare BAS (Building Automation System).

Additionally, being highly fragmented, the health care facility management market comprises several small-sized companies. Established companies are focusing on expanding their service base with the help of mergers and acquisitions of small-sized and niche companies operating in the market. This helps established players not only in expansion but also in incorporation of new technologies adopted by niche companies.

Emerging markets such as Asia Pacific and Middle East & Africa offer new growth opportunities for health care facility management service providers. These regions are experiencing entry of small players in the market.

Waste Management is Expected to Witness the Fastest CAGR Over the Forecast Period in the Healthcare Facilities Management Market

Healthcare establishments generate a huge quantity of both hazardous and non-hazardous wastes daily. These wastes are generated as a result of the diagnosis, treatment, and prevention of research on human and animal diseases. These hazardous wastes, when inappropriately managed may compromise the quality of patient care. These wastes may enhance environmental pollution and spread infectious diseases, including acquired immunodeficiency syndrome (AIDS), hepatitis, tuberculosis, diphtheria, cholera, and many others.

According to the Organisation for Economic Co-operation and Development (OECD), in 2018, the average per capita healthcare expenditure in Switzerland was around USD 7,317 and in Denmark was about USD 5,299.

Furthermore, treatment and disposal of healthcare wastes may pose health risks, indirectly through the release of pathogens and toxic pollutants into the environment. Thus the healthcare providers are establishing and implementing programs for the effective management of healthcare wastes, which is likely to impact the growth of the market.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is anticipated to dominate the healthcare facilities management in the forecast period due to the robust healthcare infrastructure and the introduction of different technologies for healthcare facilities management that is expected to fuel the growth of the market.

The overall condition of the healthcare infrastructure also varies widely in the North American region. Hospitals present are found to have with strong market position and some hospitals have established a basic healthcare facility management. According to the American Cancer Society, estimated that in 2020 there will be about 1.8 million new cancer cases diagnosed and approximately 606,520 cancer deaths in the United States. Furthermore, the rising geriatric population and increasing chronic diseases across the region is augmenting the growth of the healthcare facilities management market in the forecast period.

Company profiles of major players operating in the healthcare facility management market include overview of company, major business strategies, and key developments. The companies profiled in the global healthcare facility management market include ABM Industries Inc., Aramark Corporation, Compass Group plc, Ecolab, Inc., ISS World Services A/S, Jones Lang LaSalle, IP, Inc., Manutencoop Facility Management S.p.A. (MFM), Medxcel Facility Management, Mitie Group plc, OCS Group, Secro Group plc, Sodexo, Vanguard Resources and UEM Edgenta Berhad.

Market Segmentation

By Service Type

  • Hard Services
  • Soft Services

By Hard Services  

  • Plumbing, Air Conditioning Maintenance
  • Fire Protection Systems
  • Mechanical and Electrical Maintenance
  • Others (Fabric Maintenance, etc.)

By Soft Services

  • Cleaning & Pest Control
  • Laundry
  • Catering
  • Security
  • Waste Management
  • Others (Administrative Services, etc.)

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Singapore
    • Taiwan
    • Indonesia
    • Vietnam
    • Philippines
    • Thailand
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Scope of Report

This report analyzes the current scenario of and future growth prospects for the global healthcare facility management market. The report provides size and forecast of the healthcare facility management market in each region and country/sub-region for the period from 2017 to 2028. The CAGR for the market in each of these regions and countries/sub-regions has also been provided for the period from 2021 to 2028. The study also covers the market competition scenario in these regions.

The report provides an elaborate executive summary, which provides a snapshot of various segments of the global healthcare facility management market. It also provides information and data analysis of the global market with respect to segments based on product, end user, and region.

The overview section of the report provides a detailed qualitative analysis of drivers, restraints, and opportunities that impact the global healthcare facility management market.

The report on the global healthcare facility management market offers attractiveness analysis of different segments of the market across regions.

The last section of the report comprises quantitative and qualitative analysis on market share/position of key players operating in the global healthcare facility management market. It analyzes key competitive strategies adopted by major market players, thereby presenting a thorough understanding of the competition scenario in the global market.

The report includes company profiles, which provide information about business strategies, product portfolios, and financials of players operating in the global healthcare facility management market and competition landscape of the market.

Key players in the global healthcare facility management market have been profiled based on attributes such as company overview, product portfolios, financial overview, recent developments, and competitive business strategies.


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