How the Healthcare Facility Management Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of theHealthcare Facility Management Market?
The escalation in patient volume and the amplified healthcare expenditure from both private and public stakeholders are propelling the growth of the healthcare facility management market. Public and private healthcare funding in various nations contributes to improving healthcare systems through superior patient services, subsequently prompting a rise in the application of healthcare facility management. For example, data from the Office for National Statistics, a UK-based statistical body, revealed that in 2022, healthcare spending in the UK touched close to $354.88 billion (£283 billion), a nominal growth of 0.7% compared to the prior year’s expenditure. Therefore, investment from both private and public contributors to healthcare systems is driving the expansion of the healthcare facility management market.
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#What is the Anticipated CAGR of theHealthcare Facility Management Market, and What Factors Will Drive It?
In recent years, there has been a marked increase in the size of the healthcare facility management market. The value of this market is set to rise from $259.78 billion in 2024 to $287.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.8%. Factors contributing to this growth during the historic period include a surge in the need for healthcare services, strict regulations compliance, the outsourcing of peripheral operations, initiatives towards energy efficiency, aging healthcare structures, the growing complexities of healthcare facilities, and the globalization of healthcare services.
Anticipated rapid expansion is predicted for the healthcare facility management market size in the upcoming years, with projections reaching $450.35 billion in 2029, boasting a compound annual growth rate (CAGR) of 11.8%. This growth during the forecast period is linked to the rising use of telemedicine, the increasing popularity of outpatient care centers, heightened cybersecurity focus, personalized and precision medicine, population health management strategies, and dedication to resilience and disaster recovery planning. Technological integration and smart facilities, energy efficiency and sustainability, data-informed decision-making, telehealth facilities and technology assimilation, embracing green construction practices, healthcare facility personnel training, and patient-focused technology are among the key trends characterizing the forecast period.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theHealthcare Facility Management Market?
The key trend emerging in the healthcare facility management market is driven by technological advancement. The healthcare industry’s future is being molded by technological innovations, which are evolving at a never-before-seen speed. For instance, in September 2022, CloudWave, an independent US-based healthcare software hosting provider for cloud and managed services, unveiled its OpSus Cloud Services. These services provide infrastructure-as-a-service in the user’s data center, encompassing computing, storage, security, backup, recovery, and comprehensive operations and system maintenance. OpSus Cloud Services present hospital users with a multi-cloud strategy that guarantees availability, easy access, and strong security.
Who Are the Key Market Players Influencing the Growth of the Corn and Healthcare Facility Management Industry?
Major companies operating in the healthcare facility management market are ABM Industries Inc., ISS World Services A/S, Jones Lang LaSalle IP Inc., Medxcel Facility Management LLC, Mitie Group PLC, Aramark Corporation, Compass Group PLC, Ecolab Inc., Sodexo SVC India Pvt. Ltd., OCS Group Limited., Serco Group PLC, Vanguard Resources Inc., Arora Holdings Limited., Cushman & Wakefield, CBRE Group Inc., Johnson Controls International PLC, Crothall Healthcare, C&W Facility Services Inc., AM Facilities Management Service Ltd., Emcor Facilities Services Inc., Epic Facilities Management, Stericycle Inc., Vitas Healthcare, WellSky, Yardi Systems Inc.
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Which Key Market Segments Comprise the Healthcare Facility Management Market and Drive Its Revenue Growth?
The healthcare facility management market covered in this report is segmented –
1) By Type: Hard Services, Soft Services, Other Services
2) By Service Type: Property, Cleaning, Security, Catering, Support, Environmental Management
3) By Business Model: Outsourced, In-House
4) By End User: Hospitals And Clinics, Long-Term Healthcare Facilities
Subsegments:
1) By Hard Services: Building Maintenance, Mechanical And Electrical Services, Infrastructure Management
2) By Soft Services: Cleaning And Sanitation, Security Services, Catering And Food Services
3) By Other Services: Waste Management, Grounds Maintenance, Pest Control Services
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https://www.thebusinessresearchcompany.com/customise?id=7903&type=smpGlobal Healthcare Facility Management Market, Global Healthcare Facility Management Market Report, Global Healthcare Facility Management Market Trends, Global Healthcare Facility Management Market Size
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