The global Healthcare
facility management market is foreseen to grow at 7.2%, from USD 5.74 Billion
in 2021 to USD 10.01 Billion in 2029. Increasing investments in healthcare
infrastructure and the construction of healthcare facilities in the U.S., rising
geriatric population, increasing patient volume due to the rising prevalence of
chronic diseases and covid-19, and increasing healthcare expenditure are the
factors to growing the global healthcare facility management market. However, maintenance
issues of healthcare facilities have seen restraint the market growth for the
estimated period.
Market Definition
What is Healthcare
Facility Management?
Healthcare
facilities management is vital for medical facilities and to ensure service
requests are provided efficiently and quickly to maintain operations without
intermission. Effective Hospitals & healthcare facilities are crucial to
fulfil the needs of people.
Market Overview
The healthcare
facility management market research study helps to thoroughly understand the
current trend in the market, competitive analysis of the players in the
emerging market. Moreover, the DRO in the Healthcare facility management market
offers valuable perspicuity and a current scenario for making the right
decision. The research study covers the eminent players in the market with a
detailed analysis of the company and a financial overview containing their net
sales, business mix and geographical reach. It mainly focuses on the key
developments of the products/services offered by the company in recent years.
Besides, we at Zettabyte have the expertise to analyse the global Healthcare
facility management market player's competitive landscape, helping the client
comprehend their specific strategic growth approaches.
Healthcare
facility management market study by "Zettabyte Analytics" offers
details about the market scope, market segmentation, technological advancement
in the Healthcare facility management market and highlights the optimistic, competitive
landscape and trends enduring over the years.
Major players in
the Healthcare facility management market include Accruent, Accruent And Ocs
Group Limited, Aramark Corporation, B38 Group, Buildinglogix, CBRE, Compass
Group Plc, Ecolab, Electro Industries/Gaugetech Inc., Energy Management
Consultants, Inc., GSH Group, Hospital Energy, IBM, ISS Group, Johnson Controls,
Jones Lang Lasalle Ip, Inc., Medxcel, Mitie Group Plc, Monroe Mechanical, Inc.,
Neva Corporation, Oracle, Other Players, Planon, Serco Group Plc, Sms
Integrated Facility Services Private Limited, Sodexo, Torcon, U.S. Engineering
Company Holdings, Uem Edgenta Berhad, Vanguard Resources.
COVID-19 Impact on Global Healthcare
facility management market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. The impact of COVID-19 on the Healthcare facility
management market has forced the companies to change their sourcing, pricing,
and promotion strategies. The Healthcare facility management market players are
seen focusing more on optimizing the E-commerce networks with the rising
innovations in the digital sector, which are creating new business models for
the healthcare industry player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). The market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and Healthcare Facility
Management' future markets are analyzed to understand their impact on demand
for the forecast period. Growth rates have been estimated using correlation,
regression and time-series analysis.
Market Segmentation
For the purpose
of this report, the global Healthcare facility management market is segmented
on the basis of location, service, setting, and region:
|
Location
|
|
On-site Facility Management
|
|
Off-site Facility
Management
|
|
|
|
Service
|
|
Construction Services
|
|
|
Building Construction
|
|
|
Building Repair and
Maintenance, Testing, and Inspection
|
|
|
Other Construction
Services
|
|
Energy Services
|
|
|
Energy Management
|
|
|
Other Energy Services
|
|
Hard Services
|
|
|
Plumbing, Air
Conditioning, and Maintenance
|
|
|
Fire Protection
|
|
|
Mechanical and Electrical
Maintenance
|
|
|
Other Hard Services
|
|
|
|
Setting
|
|
Acute
|
|
|
Academic Medical Centers
|
|
|
Ambulatory Surgery Center
|
|
|
Children’s Hospitals
|
|
|
Military Treatment
Facilities
|
|
|
Short-term Acute and
Critical Access Hospitals
|
|
Non-acute
|
|
|
Physicians’ Offices &
Clinics
|
|
|
Other Non-acute Settings
|
|
Post-acute
|
|
|
Long-term Acute
Facilities
|
|
|
Skilled Nursing
Facilities
|
|
|
Other Post-acute Settings
|
Location Outlook:
On the basis of
location, the market is segmented into on-site facility management, off-site
facility management.
Figure 1 - Healthcare facility management
market, By Location (Market Size And Forecast By Value - USD Million, 2021
& 2029)