Healthcare Facilities Management Market

The report "Healthcare Facilities Management Market by Type Component (Solutions (Integrated Workplace Management , Building Information Modeling), Services (Professional, Managed)), Size (SME, Large Enterprises), Verticles (Hospitals & Diagnostic Labs, Long term Healthcare Facilities) - Global Forecast to 2027", size is projected to reach USD 99,431.6 million by 2027 from USD 91,441.5 million in 2022, at a CAGR of 5.6% during the forecast period.

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Market is driven by factors such as increasing construction of healthcare facilities, and increasing demand for the services and solutions to manage healthcare facilities. On the other hand, the strict compliance rules and the dearth of skilled professional are expected to limit market growth to a certain extent in the coming years.

“The solutions accounted for the largest market share in the Healthcare Facilities Management market, type component, during the forecast period”

Healthcare Facilities Management Market by type component, is segmented into services (professional services and managed services) and solutions (integrated workplace management system, building information modeling, facility operations and security management, facility environment management, and facility property management). In2021, the solutions segment dominated the market with the high expenditure of the equipment used to manage the HVAC, energy and other systems.

“Large enterprises segment accounted for the largest market share”

Based on size, the Healthcare Facilities Management market is segmented into Small and medium sized enterprises (SMEs) and Large Enterprises. In 2021, Large Enterprises segment dominated the market, owing the  large size of the facility and the high expenses to manage the facility.

“APAC region accounted for the highest CAGR”

The global Healthcare Facilities Management market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the regional analysis, the North America region is likely to retain a significant market share in 2021 and the future. The North America market is being propelled by the advanced healthcare infrastructure, presence of leading players and the increasing healthcare facilities construction. Asia Pacific, on the other hand, will experience significant growth in the coming years due to the improving the healthcare infrastructure. The major players operating in this market are BAYER HEALTHCARE PHARMACEUTICALS, ABM INDUSTRIES INC (US)., ARAMARK CORPORATION (US), ECOLAB INC. (US), and ISS WORLD SERVICES A/S (UK).

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