Healthcare Facility Management Market is expected to foresee significant growth. North America to lead the growth!
- Himanshu Patni
- June 15, 2022
- HEALTHCARE, NEWS
- Healthcare Facility Management Market, Healthcare Facility Management Market Growth, Healthcare Facility Management Market Share, Healthcare Facility Management Market Size
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Healthcare Facility Management Market is expected to grow at a CAGR of around 10% during the forecast period 2021-2027. The global healthcare facility management market is expected to witness robust growth mainly due to the rising prevalence of chronic diseases, and initiatives toward proper use and distribution of healthcare facility management. Moreover, the increase in the availability of more advanced technologies, growing awareness about hygiene and its management, and the rising aging population base are some of the factors likely to boost the global healthcare facility management market during the forecast period. For instance, as per the World Health Organization (WHO), Globally, as many as 4 in 10 patients are harmed in primary and outpatient health care. Up to 80% of harm is preventable. The most detrimental errors are related to diagnosis, prescription, and the use of medicines. Therefore, the increase in cases of several other chronic diseases such as an increasing population base suffering from lifestyle-associated diseases and sanitation in the environment will activate the market revenue.
For a detailed analysis of the market drivers browse through – https://univdatos.com/report/healthcare-facility-management-market/
Healthcare Facility Management measures to ensure the safe and environmentally sound management of health care wastes can prevent adverse These instruments are generally regulated as a device. The growth in awareness of public health, sanitation, and biological wastes expand the global market for healthcare facility management.
The COVID-19 pandemic has had an unparalleled impact on the socio-economic and healthcare structure across various countries. During COVID -19 period, people have seen their daily lifestyles change drastically. In addition, the COVID-19 outbreak spread to almost every country, to take care of the infected population the demand for medical supplies is growing enormously. Moreover, the pandemic has led to high demand for personal protective equipment including masks, gloves, and protective eyeglasses. According to the Centers for Disease Control and Prevention (CDC), healthcare facilities need to provide care for all patients in the safest way possible for patients and healthcare personnel as a response to COVID-19. Hence, given the above-mentioned factors, healthcare facilities management is in great demand during the pandemic. Thus, restraining market growth to some extent in the year 2020.
For a detailed analysis of the Covid-19 Impact on the market browse through – https://univdatos.com/report/healthcare-facility-management-market/
Based on product type, the healthcare facility management market is segmented into waste management, security services, catering services, cleaning services, technical support services, and others. During the forecast period, the waste management category dominated the market and is expected to maintain its dominance throughout the forecast period. Due to developing healthcare set-ups, increasing healthcare expenditure, and growing occurrences of lifestyle-associated hazardous waste comparable to domestic waste. This is mainly due to the rising geriatric population coupled with unhealthy lifestyles and hormonal imbalances across the globe.
Based on end-user, the market is bifurcated into hospitals and clinics, long-term healthcare facilities, and others. During the forecast period, the hospitals and clinics category is expected to witness robust growth during the forecast period. Furthermore, the presence of well-established infrastructure in hospitals, better reimbursement policies, and availability of advanced technologies and well-trained healthcare professionals for the well-being of patients is also one of the main reasons why patients prefer hospitals & clinics for good facilities.
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For a better understanding of the market, the report is analyzed based on different regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Australia, Rest of Asia-Pacific); and Rest of World. North America will dominate the market on account of the rising healthcare infrastructure and the overture of different technologies for healthcare facilities management within the region. In addition, the increasing presence of major healthcare companies in the region coupled with their increasing focus on the public health and sanitation of the environment is further expected to propel the market growth.
Healthcare Facility Management Market Segmentation
Market Insight, by Product Type
• Waste Management
• Security Services
• Catering Services
• Cleaning Services
• Technical Support Services
Market Insight, by End User
• Hospitals and Clinics
• Long-term Healthcare Facilities
Market Insight, by Region
- North America Healthcare Facility Management Market
- Rest of North America
- Europe Healthcare Facility Management Market
- Rest of Europe
- Asia-Pacific Healthcare Facility Management Market
- Rest of Asia-Pacific
- Rest of World Healthcare Facility Management Market
Top Company Profiles
• ABM Industries Inc.
• Aramark Corporation
• Ecolab Inc.
• ISS A/S Group
• Sodexo Group
• Compass Group Plc.
• Jones Lang LaSalle Inc.
• ssMedxcel Facilities Management LLC
• Mitie Group plc.
• Serco Group Plc.