The latest report by IMARC Group, titled “Healthcare Facilities Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the healthcare quality management market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global healthcare facilities management market size reached US$ 342.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 596.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028. Healthcare facilities management (HFM) is a specialized service that includes managing and maintaining healthcare facilities, aiming to improve the patient experience. It involves the effective management of various aspects, including infrastructure, equipment, technology, safety protocols, and support services, to ensure the smooth functioning of healthcare organizations. The adoption of healthcare facilities management offers numerous advantages, including increased return on investment (ROI), flexibility, improved data management, enhanced performance, transparency, and cost-effective asset availability. At present, healthcare facilities management (HFM) is widely adopted in hospitals, clinics, nursing homes, and ambulatory care centers across the globe.
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Global Healthcare Facilities Management Market Trends:
The healthcare facilities management market is primarily driven by the increasing complexity and specialization within the healthcare sector. In addition, the escalating demand for professional management services and the surging need for HFM in healthcare organizations to manage infrastructure, medical equipment, and compliance with regulatory standards and provide high-quality patient care are contributing to the market growth. Moreover, several technological advancements and the integration of Internet of Things (IoT) devices and data analytics enhance facility monitoring, asset management, energy efficiency, and maintenance planning, thus representing another major growth-inducing factor. Besides this, HFM services offer several advantages that help healthcare organizations streamline their operations, optimize resource utilization, and minimize downtime, resulting in cost savings and improved efficiency. Furthermore, the growing focus on patient safety and satisfaction, the introduction of key performance indices (KPI), and several initiatives undertaken by the governments of numerous countries for strengthening the healthcare infrastructure by incorporating advanced technological solutions to enhance productivity are creating a positive market outlook.
Major Key Players Covered in this Healthcare Facilities Management Market Report:
- ABM Industries Inc
- Aramark Corporation
- Compass Group PLC
- Ecolab Inc.
- International Business Machines Corporation
- ISS A/S
- Jones Lang LaSalle Incorporated
- Mitie Group plc
- OCS Group limited
- Oracle Corporation
- Serco Group plc and Sodexo
Key Market Segmentation:
- Property Services
- Cleaning Services
- Security Services
- Catering Services
- Support Services
- Environmental Management Services
- Hospitals and Clinics
- Long-term Healthcare Facilities
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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