Global Healthcare Facilities Management Market Size By Type, By End-User, By Geographic Scope And Forecast

Report Highlights

Healthcare Facilities Management Market Size And Forecast

Healthcare Facilities Management Market was valued at USD 277.19 Billion in 2019 and is projected to reach USD 790.86 Billion by 2027, growing at a CAGR of 14.01 % from 2020 to 2027.

The Healthcare Facilities Management Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Healthcare Facilities Management Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Healthcare Facilities Management Market Overview

Global healthcare facilities management is particularly driven by increasing healthcare infrastructure and rising adoption of advanced technologies such as automated guided vehicles in hospitals to increase efficiencies, particularly in developed countries such as the U.S., Germany, France. In addition, the expansion of innovative ICT technologies such as IoT, healthcare facility management software, and the KPI (Key Performance Indices) matrix for mapping facility services is expected to improve the adoption of integrated facility management business models in the healthcare industry. Moreover, growing medical tourism in developing economies such as India, Korea, and Thailand is providing an accurate outlook for market growth. Through healthcare facilities management, hospitals can decrease their healthcare cost, which is expected to strengthen the global healthcare facilities management market share across the forecast period. Furthermore, there has been a surge in outsourcing of facility management services by the healthcare enterprise (hospitals, nursing homes, etc.) to third party professional facility management providers. This has also increased the demand for facility management services in the healthcare sector.

This report provides an all-inclusive environment of the analysis for the Healthcare Facilities Management Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Healthcare Facilities Management Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Healthcare Facilities Management Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Healthcare Facilities Management Market.