The global healthcare facility management market was valued at $208.8 billion in 2021 and is projected to reach $427.13 billion by 2031 registering a CAGR of 7.4% from 2022 to 2031.
Healthcare facility management is a maintenance and oversight of healthcare facilities, development, security and operations. This includes healthcare facility services such as clinics, long-term facilities, surgical centers and hospitals. The major aim of healthcare facility management is to assure an extraordinary environment of care which is combined with the safety of both patients and workers. The healthcare facility management is responsible for monitoring the ongoing operations, and general security of healthcare facilities. There are various functions of healthcare facility management that are managing day-to day operations, maintaining a high quality care environment, in house maintenance, and others. Healthcare facility management needs to be dynamic, careful, and agile. It includes hard services and soft services. The hard services include plumbing air conditioning maintenance, fire protection, mechanical and electrical maintenance, and other services. Whereas, the soft services include cleaning services, catering services, security services, waste management and others.
The main factors that foster the growth of the healthcare facility management market are rise in geriatric population, increase in cases of chronic diseases, and surge in medical tourism in emerging countries. In addition, the presence of innovative technologies such as internet of things (IoT), software, and Key performance indices (KPI) matrix for measuring facility services is offering a significant growth opportunities during the forecast period and drives the growth of the market. Furthermore, the increase in investment in healthcare infrastructure and consciousness regarding hygiene in healthcare facilities are also one of the significant factor fuels the growth of the market.
In addition, increase in adoption of advanced technologies such as automated guided vehicles in hospitals to handle the materials that boost the growth of the healthcare facility management market. For Instance, In June 2020, ASTI InSystems Automation in Germany and its integration partner ‘Revotonix’ developed a robot called Smart Autonomous System Hospital Assistant for the transport of container or trays of up to 50 kilograms within hospitals and health centers. This automated guided vehicles always provide the best intra-logistics solutions according to the needs of the customers. ASTI Mobile Robotics together with its acquired ASTI InSystems a leading European mobile robotics group, presents a mobile robot that can transport different loads within the healthcare sector, facilitating the distribution of medicine and food on time. Thus, increase in introduction of new innovative technologies drives the growth of the healthcare facility management market.
Moreover, development of pharmaceutical & medical device industries and improvement in healthcare spending are anticipated to drive the growth of the healthcare facility management market. For instance, In January 2022, CBRE acquired Buildingi, a leading provider of occupancy planning and technology services, to meet the growing demand for holistic occupancy management services. Buildingi provides space utilization data management and computer-aided design services that help to underpin CBRE’s best in class occupancy management expertise with Buildingi’s robust technology across Integrated Workplace Management Systems. This acquisition will complement CBRE’s existing centers in Europe and Asia. Also, at present CBRE can provide 24/7 foundational occupancy planning services which includes technical drawing and planning services, and work order processing. Thus, market players offering such innovative healthcare services fuels the growth of the healthcare facility management market.
Furthermore, government initiatives such as investment in infrastructure, healthcare spending, which drive the growth of the market. Moreover, as per the Central Pollution Control Board, India has generated nearly 28,468.85 tonnes of COVID-19 related bio-medical waste from June 2020 to November 2020. These healthcare wastes may pose health risks through the release of pathogens and toxic pollutants into the environment. Thus, establishment of new healthcare programs for the management of healthcare wastes, is further anticipated to boost the demand for healthcare facility management services. Furthermore, rise in number of technical medical vehicles approvals is expected to provide remunerative opportunities for the expansion of the global market during the forecast period. Moreover, rising demand for regular maintenance of mechanical and electrical products across healthcare facilities drives the market growth.
However, high costs of healthcare facility management maintenance is projected to impede the market growth. Presently, there is an increase in awareness regarding health among the people, which, in turn, compels them to maintain their health condition and that lead to rise in usage of healthcare facilities services. This has encouraged many key players to enter emerging market, thus offering lucrative growth opportunities in the healthcare facility management market.
The healthcare facility management market is studied across the service type, end user, and region. On the basis of service type, the market is bifurcated hard services and soft services. The hard services segment further divided into plumbing air conditioning maintenance, fire protection, mechanical and electrical maintenance, and others. The soft services divided into cleaning services, catering services, security services, waste management, and other. By end user, it is categorized into hospitals & clinics, long term care facilities, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players mentioned in the report are ABM Industries Inc., Sodexo, Armark Corporation, CBRE Group Inc., Jones Lang Lasalle Incorporated, International Service System A/S, 3 M Company, Medxcel, Johnson Controls international, and Accruent.
Healthcare facility management is a maintenance and oversight of healthcare facilities, development, security and operations. This includes healthcare facility services such as clinics, long-term facilities, surgical centers and hospitals. The major aim of healthcare facility management is to assure an extraordinary environment of care which is combined with the safety of both patients and workers. The healthcare facility management is responsible for monitoring the ongoing operations, and general security of healthcare facilities. There are various functions of healthcare facility management that are managing day-to day operations, maintaining a high quality care environment, in house maintenance, and others. Healthcare facility management needs to be dynamic, careful, and agile. It includes hard services and soft services. The hard services include plumbing air conditioning maintenance, fire protection, mechanical and electrical maintenance, and other services. Whereas, the soft services include cleaning services, catering services, security services, waste management and others.
The main factors that foster the growth of the healthcare facility management market are rise in geriatric population, increase in cases of chronic diseases, and surge in medical tourism in emerging countries. In addition, the presence of innovative technologies such as internet of things (IoT), software, and Key performance indices (KPI) matrix for measuring facility services is offering a significant growth opportunities during the forecast period and drives the growth of the market. Furthermore, the increase in investment in healthcare infrastructure and consciousness regarding hygiene in healthcare facilities are also one of the significant factor fuels the growth of the market.
In addition, increase in adoption of advanced technologies such as automated guided vehicles in hospitals to handle the materials that boost the growth of the healthcare facility management market. For Instance, In June 2020, ASTI InSystems Automation in Germany and its integration partner ‘Revotonix’ developed a robot called Smart Autonomous System Hospital Assistant for the transport of container or trays of up to 50 kilograms within hospitals and health centers. This automated guided vehicles always provide the best intra-logistics solutions according to the needs of the customers. ASTI Mobile Robotics together with its acquired ASTI InSystems a leading European mobile robotics group, presents a mobile robot that can transport different loads within the healthcare sector, facilitating the distribution of medicine and food on time. Thus, increase in introduction of new innovative technologies drives the growth of the healthcare facility management market.
Moreover, development of pharmaceutical & medical device industries and improvement in healthcare spending are anticipated to drive the growth of the healthcare facility management market. For instance, In January 2022, CBRE acquired Buildingi, a leading provider of occupancy planning and technology services, to meet the growing demand for holistic occupancy management services. Buildingi provides space utilization data management and computer-aided design services that help to underpin CBRE’s best in class occupancy management expertise with Buildingi’s robust technology across Integrated Workplace Management Systems. This acquisition will complement CBRE’s existing centers in Europe and Asia. Also, at present CBRE can provide 24/7 foundational occupancy planning services which includes technical drawing and planning services, and work order processing. Thus, market players offering such innovative healthcare services fuels the growth of the healthcare facility management market.
Furthermore, government initiatives such as investment in infrastructure, healthcare spending, which drive the growth of the market. Moreover, as per the Central Pollution Control Board, India has generated nearly 28,468.85 tonnes of COVID-19 related bio-medical waste from June 2020 to November 2020. These healthcare wastes may pose health risks through the release of pathogens and toxic pollutants into the environment. Thus, establishment of new healthcare programs for the management of healthcare wastes, is further anticipated to boost the demand for healthcare facility management services. Furthermore, rise in number of technical medical vehicles approvals is expected to provide remunerative opportunities for the expansion of the global market during the forecast period. Moreover, rising demand for regular maintenance of mechanical and electrical products across healthcare facilities drives the market growth.
However, high costs of healthcare facility management maintenance is projected to impede the market growth. Presently, there is an increase in awareness regarding health among the people, which, in turn, compels them to maintain their health condition and that lead to rise in usage of healthcare facilities services. This has encouraged many key players to enter emerging market, thus offering lucrative growth opportunities in the healthcare facility management market.
The healthcare facility management market is studied across the service type, end user, and region. On the basis of service type, the market is bifurcated hard services and soft services. The hard services segment further divided into plumbing air conditioning maintenance, fire protection, mechanical and electrical maintenance, and others. The soft services divided into cleaning services, catering services, security services, waste management, and other. By end user, it is categorized into hospitals & clinics, long term care facilities, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players mentioned in the report are ABM Industries Inc., Sodexo, Armark Corporation, CBRE Group Inc., Jones Lang Lasalle Incorporated, International Service System A/S, 3 M Company, Medxcel, Johnson Controls international, and Accruent.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the healthcare facility management market analysis from 2021 to 2031 to identify the prevailing healthcare facility management market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the healthcare facility management market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global healthcare facility management market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Service Type
- Hard Services
- Type
- Plumbing and Air Conditioning Maintenance
- Fire Protection
- Mechanical and Electrical Maintenance
- Others
- Soft Services
- Type
- Cleaning Services
- Catering Services
- Security Services
- Waste Management
- Others
By End User
- Hospitals and Clinics
- Long Term Care Facilities
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- ABM Industries Inc.
- Sodexo
- Armark Corporation
- CBRE Group, Inc.
- Jones Lang LaSalle Incorporated
- ISS
- 3M COMPANY
- Medxcel
- Accruent
- Johnson Controls.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HEALTHCARE FACILITY MANAGEMENT MARKET, BY SERVICE TYPE
CHAPTER 5: HEALTHCARE FACILITY MANAGEMENT MARKET, BY END USER
CHAPTER 6: HEALTHCARE FACILITY MANAGEMENT MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Healthcare Facility Management Market," the healthcare facility management market size was valued at $208.80 billion in 2021, and is estimated to reach $427.13 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031.Healthcare facilities management is vital for medical facilities and it helps maintain healthcare facilities development, security, and operations. The main functions of healthcare facilities management include finding and maintaining vendor contracts, repair, maintenance and building improvement, and workplace cleaning and décor. In healthcare facility management services, the facility managers oversee areas such as nursing, finance, and patient records in hospital, outpatient clinics, and medical practices. They also manage public health programs, scientific research, and pharmaceutical & medical equipment manufacturing. There are different types of technological systems which provide healthcare facilities such as ultraviolet light disinfection systems. This system contributes to reducing bacterial transmission and surgical site infections. Thus, presence of these technological services boosts the growth of the market.
Growing need for patient’s safety is one of the major factors, which boosts the healthcare facility management market growth. In addition, the medical device sector has opened new approaches and collaborations in the industry to respond to the urgent needs of the pandemic. For instance, in September 2021, 3M has partnered with Smile Foundation to support the primary healthcare needs of the underprivileged population by deploying four mobile healthcare units at different rural locations. With this partnership, the focus is to reduce the burden on public health infrastructure caused by COVID-19 by providing more than 150,000 treatments. This initiative will also help in understanding the current scenario of the healthcare infrastructure in rural areas and create awareness among people to improve behavior toward hygiene, and social distancing. Hence, such initiatives taken by key players are expected to drive the growth of the healthcare management industry.
In addition, for instance, in July 2021, The Consortium of Accredited Healthcare Organizations launched Awareness Compliance Excellence Program as a quality improvement initiative in association with 3M. The Central Sterile Supply Department is one of the critical avenues that helps to healthcare facilities attain the goal. Central Sterile Supply Department is an in house department within hospital which is responsible for supply of clean and sterile instruments used in hospitals for various procedures. The Consortium of Accredited Healthcare Organizations will aim to raise the competency of CCSD setup across all the hospitals in India. Thus, launch of new healthcare facility programs by various organizations escalating the growth of the market.
Increase in government support for creating awareness among people about the availability of healthcare facilities, and surge in demand for effective prevention treatment are some of the major healthcare facility management market trends. In addition, key players, such as ABM Industries Inc., Armark Corporation, CBRE Group, Inc. and Johnson Controls International provide the healthcare facility management services and contribute toward the market growth. However, high cost of healthcare facility management services and dearth of skilled professionals are some key challenges that hinder the growth of the market. On the contrary, increase in number of healthcare facilities creates an opportunity for the service providers to tap and capitalize on the market.
The healthcare facility management (HFM) market is studied across the service type, end user, and region. By service type, the market is divided into hard services and soft services. The hard services segment is further divided into plumbing air conditioning maintenance, fire protection, mechanical and electrical maintenance, and others. The soft services segment is divided into cleaning services, catering services, security services, waste management, and other.
By service type, the soft services segment dominated the global market in 2021 and is anticipated to remain dominant during the forecast period. This is attributed to rise in awareness among people about maintenance of healthcare facilities. In addition, the hard services segment is expected to register higher CAGR during the forecast period owing to developments in building and construction sector and increase investments in waste management.
By end user, it is categorized into hospitals & clinics, long term care facilities, and others. The long term care facilities segment acquired the largest share in 2021, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in number of number chronic disease patients such as diabetes and cancer and surge in number of hospital admissions.
By region, the healthcare facilities industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest share of the global healthcare facility management market in 2021, and is expected to remain dominant throughout the forecast period. This was attributed to the presence of giant healthcare service provider companies in the countries such as the U.S. In addition, increase in frequency of major healthcare service companies and their R&D activities drive the demand for healthcare facility management in the region during the forecast period.
Key Findings of the Study
- By service type, the soft services segment was the highest contributor to the market in 2021.
- By end user, the hospitals and clinics segment dominate the growth of the market.
- North America accounted for a majority of the healthcare facility management market share in 2021, and is anticipated to remain dominant during the forecast period.
Companies Mentioned
- Abm Industries Inc.
- Sodexo
- Armark Corporation
- Cbre Group, Inc.
- Jones Lang Lasalle Incorporated
- Iss
- 3M Company
- Medxcel
- Accruent
- Johnson Controls.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 210 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 208.8 billion |
| Forecasted Market Value ( USD | $ 427.13 billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
