The global healthcare facility management market is anticipated to grow at a significant CAGR of 12.8% during the forecast period (2022-2028). Healthcare facilities management is vital for medical facilities. It ensures that service requests are provided efficiently and quickly to maintain operations without any issues. Additionally, effective hospitals & healthcare facilities are crucial to fulfilling the needs of people due to which they require high management. The major factor driving the growth of the global healthcare facility management market during the forecast period is due to the growing healthcare infrastructure across the globe.
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Furthermore, the growth of the market is can also be attributed to the increasing prevalence of chronic diseases across the globe. According to the Center for Disease Control and Prevention (CDC), 129 million or 51.8% of noninstitutionalized adults had been diagnosed with at least 1 of 10 selected chronic conditions. Additionally, 24.6% (61 million) of adults had 1 chronic condition, and 27.2% (68 million) had equal or more than 2 chronic conditions. Furthermore, as per American Action Forum, the total cost of chronic disease in the US reaches $3.7 trillion each year which is almost 19.6% of the country’s gross domestic product (GDP).
The major companies serving the global healthcare facility management market include ABM, Aramark Corp., Ecolabs, Iss Global and Sodexo, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and geographical expansion, to stay competitive in the market. For instance, in September 2021, ABM announced that it has acquired Crown Building Maintenance Co. and Crown Energy Services, Inc. (collectively, Able), a leading facilities service provider.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Location
o By Services
o By Settings
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- ABM, Aramark Corp., Ecolabs, Iss Global and Sodexo.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Healthcare Facility Management Market Report by Segment
By Location
By Services
By Settings
Global Healthcare Facility Management Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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