The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global healthcare facility management market is set for a substantial ascent, projected to surge from $176.83 billion in 2022 to $199.78 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 13.0%. Looking ahead to 2027, the market is anticipated to reach $298.16 billion, maintaining a CAGR of 10.5%. This growth is propelled by two key drivers: the escalating number of patients and the augmented healthcare spending by both private and public participants in healthcare systems. Across various countries, governments and private entities are investing significantly in healthcare systems to enhance patient services. A prime example is the 2020 report from the Centers for Medicare and Medicaid Services (CMMS), revealing a substantial growth of nearly $365 billion in healthcare spending in the US in 2020 compared to 2019, with health spending per capita increasing by 9.3% during this period. This surge in healthcare spending is a pivotal factor driving the adoption of healthcare facility management to optimize services.

Industry Titans: Key Players Shaping the Landscape

Market Leaders

Major players steering the course of the healthcare facility management market include ABM Industries Inc., ISS World Services A/S, Jones Lang LaSalle, IP, Inc., Medxcel Facility Management, Mitie Group plc, Aramark Corporation, Compass Group plc, Ecolab, Inc., OCS Group, Secro Group plc, Sodexo, Vanguard Resources, UEM Edgenta Berhad, Manutencoop Facility Management S.p.A., B38 Group, SMS Integrated Facility Services Private Limited, Oracle Corporation, Planon, Founders 3 Real Estate Services, Accruent, and IBM Corporation. These industry leaders contribute significantly to the market’s dynamics and its trajectory.

Tech Trends: Embracing Technological Advancements

Technological Advancements

Technological innovation is a pivotal trend reshaping the healthcare facility management market. The rapid pace of technological developments is playing a transformative role in the healthcare industry’s future. A notable instance is the September 2022 launch of OpSus Cloud Services by CloudWave, a US-based independent cloud and managed services software hosting provider in healthcare. OpSus Cloud Services offers a multi-cloud strategy, ensuring availability, ease of access, and robust security for hospital users. This technological advancement reflects a commitment to providing infrastructure-as-a-service, encompassing computing, storage, security, backup, recovery, and comprehensive operations and system upkeep.

Market Segmentation: Navigating Complexity

Comprehensive Segmentation

The healthcare facility management market adopts a strategic segmentation approach to offer a nuanced understanding of its multifaceted dynamics:

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

Global Dynamics: Regional Significance

Regional Perspectives

While North America claims the lead as the largest region in the healthcare facility management market in 2022, the global nature of the market is evident, with different regions playing pivotal roles. The surge in healthcare facility management adoption is not confined to a specific geography, reflecting the global significance of this market.

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The Healthcare Facility Management Global Market Report 2023  provides a comprehensive overview on the healthcare facility management market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the healthcare facility management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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