Global Healthcare Facility Management Market Size To Exceed USD 869.5 Billion By 2035 | CAGR of 7.18%
Category: HealthcareGlobal Healthcare Facility Management Market Size To Exceed USD 869.5 Billion by 2035
According to a research report published by Spherical Insights & Consulting, the Global Healthcare Facility Management Market Size is Expected to Grow from USD 405.5 Billion in 2024 to USD 869.5 Billion by 2035, at a CAGR of 7.18% during the forecast period 2025-2035.
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Browse key industry insights spread across 241 pages with 104 Market data tables and figures & charts from the report on the "Global Healthcare Facility Management Market Size, Share, and COVID-19 Impact Analysis, By Location (On-Site Facility Management and Off-Site Facility Management), By Services (Hard Services, Construction Services, and Energy Services), By Settings (Acute, Post-Acute, and Non-Acute), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/healthcare-facility-management-market
The healthcare facility management market is the industry encompassing the maintenance, operation, and oversight of healthcare facilities, ensuring safety, hygiene, and efficiency within hospitals, clinics, and other healthcare settings. Healthcare facility management is the professional management authority that focuses on the delivery of services and systems supporting different healthcare organizations. An integration of AI and IoT in healthcare facilities, automation in healthcare energy management solutions, and teleconsulting with healthcare providers that drives the need for in-person visits are bolstering the market opportunities for healthcare facility management. An increasing need for specialized facility management services and healthcare support services for ensuring efficient operations, safety, and compliance with regulatory standards is driving the market demand. On the contrary, the high cost and strict regulatory compliance of the healthcare facility management are challenging the market growth for healthcare facility management.
The on-site facility management segment dominated the market with the largest share in 2024 and is projected to grow at the fastest CAGR during the forecast period.
Based on the location, the healthcare facility management market is divided into on-site facility management and off-site facility management. Among these, the on-site facility management segment dominated the market with the largest share in 2024 and is projected to grow at the fastest CAGR during the forecast period. The growing demand for cloud-based solutions and integration of intelligent software, along with the rising focus on sustainability and regulatory compliance, are driving the market in the on-site facility management segment.
The construction services segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the services, the healthcare facility management market is divided into hard services, construction services, and energy services. Among these, the construction services segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The construction services provided by healthcare facility management, including the initial planning and designing via final construction and handover of hospitals that ensure patient safety, a functional, and technologically advanced environment, are propelling the market growth.
The acute segment accounted for the largest share of the healthcare facility management market in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the settings, the healthcare facility management market is divided into acute, post-acute, and non-acute. Among these, the acute segment accounted for the largest share of the healthcare facility management market in 2024 and is anticipated to grow at a significant CAGR during the forecast period. A safe, efficient, and comfortable environment provided by the patients experiencing immediate, life-threatening conditions is contributing to driving the market growth in the acute segment.
North America is expected to hold the majority share of the global healthcare facility management market during the forecast period.
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North America is expected to hold the majority share of the global healthcare facility management market during the forecast period. The commoditization of facility management and investments in commercial properties are significantly contributing to driving the healthcare facility management market. Further, the presence of healthcare organizations as well as the integration of diverse technologies within the healthcare facilities are propelling the market growth.
Asia Pacific is anticipated to grow at the fastest pace in the global healthcare facility management market during the forecast period. The growing focus on medical processes across the diverse healthcare sector, which prioritizes patient safety, utility, and wellness, is propelling the regional market growth. Further, the popularity of outsourcing facility management to maximize value creation by experiencing high-quality work with lower operational costs promotes the healthcare facility management market.
Europe is expected to hold a substantial share of the healthcare facility management market during the projected timeframe. The rising demand for healthcare services, as well as the adoption of smart technologies in healthcare facilities, are significantly contributing to driving the market demand. The significant focus on cloud-based facility management solutions, along with their widespread adoption, is promoting the market growth.
Major vendors in the global healthcare facility management market are ABM Industries Inc., Aramark Corporation, Ecolab Inc., Iss World Services A/S, Jones Lang LaSalle, Medxcel Facilities Management, Ocs Group, Serco Group PLC, Sodexo, Vanguard Resources Inc., Compass Group PLC, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In June 2024, WM plans to acquire Stericycle for approximately $7.2 billion, including $1.4 billion in debt, to expand its healthcare waste services, the company announced.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the healthcare facility management market based on the below-mentioned segments:
Global Healthcare Facility Management Market, By Location
- On-Site Facility Management
- Off-Site Facility Management
Global Healthcare Facility Management Market, By Services
- Hard Services
- Construction Services
- Energy Services
Global Healthcare Facility Management Market, By Settings
- Acute
- Post-Acute
- Non-Acute
Global Healthcare Facility Management Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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