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Healthcare Facilities Management Market to Grow US$ 473.18 Billion by 2027

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The global Healthcare Facilities Management market size is expected to surpass around US$ 473.18 billion by 2027 and the market is expected to garner growth at a CAGR of 13.2% over the forecast period 2021 to 2027.

The Healthcare Facilities Management market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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Growth Factors

Currently, occurrences of chronic and rare diseases and elevated geriatric population in Europe and North America demanding sophisticated medical facilities. This is leading to escalation in the number of healthcare facilities that supports the growth of healthcare facility management services. Further, IoT and supplementary new ICT (Information and Communication Technology) are flourishing the healthcare facility management market.

There has been upsurge in the amount of international and national facility management contracts all over the globe. In 2000, there were only a few international facility management contracts, which in future on augmented to double digits by 2010. This comprised a growth in international healthcare facility management contracts. Such growth in various types of contracts is fueling growth of healthcare facility management market.

Market Report Scope

Report Highlights Details
Market Size USD 473.2 Billion by 2027
Growth Rate CAGR of 13.2% from 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Healthcare Facilities Management market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Healthcare Facilities Management market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Healthcare Facilities Management. The study also provides the dynamics that are responsible for influencing the future status of the Healthcare Facilities Management market over the forecast period.

A detailed assessment of the Healthcare Facilities Management market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Healthcare Facilities Management market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • Soft healthcare facility management services segment is anticipated to occupy major market share than the hard healthcare facility management services segment. Hard services segment is also projected to increase at a higher pace during the estimate period.
  • Recognized companies are centering on intensifying their service base with by acquisitions of small-sized and niche companies functioning in the market. This benefits established players to incorporate novel technologies adopted by niche businesses.
  • Real Time Location System for tracking of medical equipment, inventory management via low-cost Bluetooth Low Energy technology, collecting in-patient data via wearable and sensors and usage of mobile technology to distantly assess patient data are certain of the IoT-enabled services that are accepted by facility management service suppliers.

Regional Snapshots

In 2019, North America dominated the healthcare facilities management on account of vigorous healthcare infrastructure and the introduction of diverse technologies for healthcare facilities management. North America is expected to further mirror this dominance throughout the forecast period on account rising awareness regarding healthcare sector growth in the region.

Healthcare institutions produce a huge amount of both non-hazardous and hazardous wastes daily. These wastes are produced as a result of the treatment, diagnosis, and research on animal and human diseases. These hazardous wastes, when incorrectly managed may compromise the worth of patient care. These wastes may increase environmental pollution and spread infectious illnesses such as hepatitis, acquired immunodeficiency syndrome (AIDS), diphtheria, cholera, and tuberculosis among others.

In 2018, in Switzerland, as per the Organization for Economic Co-operation and Development (OECD), the average per capita healthcare expenditure was about USD 7,317 and was around USD 5,299 in Denmark. Thus growing concerns towards healthcare waste management and rising healthcare expenditure are driving the growth of global Healthcare facility management services market.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • ABM Industries Inc
  • ISS World Services A/S
  • Jones Lang LaSalle, IP, Inc
  • Manutencoop Facility Management S.p.A.
  • Medxcel Facility Management
  • Mitie Group plc
  • Aramark Corporation
  • Compass Group plc
  • Ecolab, Inc.
  • OCS Group
  • Secro Group plc
  • Sodexo
  • Vanguard Resources
  • UEM Edgenta Berhad

Segments Covered in the Report

By Service Type

  • Hard Services
  • Soft Services

 By Hard Service Type

  • Mechanical and Electrical Maintenance
  • Plumbing, Air Conditioning Maintenance
  • Fire Protection Systems
  • Others

By Soft Service Type

  • Laundry
  • Waste Management
  • Cleaning & Pest Control
  • Catering
  • Security
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Latin America

Why should you invest in this report?

If you are aiming to enter the global Healthcare Facilities Management market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Healthcare Facilities Management are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Healthcare Facilities Management Market, By Service

7.1. Healthcare Facilities Management Market, by Service Type, 2020-2027
7.1.1. Hard Services
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Soft Services
7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Healthcare Facilities Management Market, By Hard Service

8.1. Healthcare Facilities Management Market, by Hard Service, 2020-2027
8.1.1. Mechanical and Electrical Maintenance
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Plumbing, Air Conditioning Maintenance
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Fire Protection Systems
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Healthcare Facilities Management Market, By Soft Service

9.1. Healthcare Facilities Management Market, by Soft Service, 2020-2027
9.1.1. Laundry
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Waste Management
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Cleaning & Pest Control
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Catering
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Security
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Healthcare Facilities Management Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.1.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.2.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.3.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.4.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.5.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.5.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Soft Service (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Hard Service (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Soft Service (2016-2027)

Chapter 11. Company Profiles

11.1. ABM Industries Inc
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. ISS World Services A/S
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Jones Lang LaSalle, IP, Inc
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Manutencoop Facility Management S.p.A.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Medxcel Facility Management
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Aramark Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Mitie Group plc
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Compass Group plc
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Ecolab, Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. OCS Group
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Secro Group plc
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Sodexo
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. Vanguard Resources
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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