healthcare facility management market size, healthcare facility management market outlook, healthcare facility management market research, healthcare facility management market data, healthcare facility management market growth, healthcare facility management market analysis
How Does the Healthcare Facility Management Market Size and Growth Forecast Look?
The healthcare facility management market size has blossomed in recent years—growing from $259.78 billion in 2024 to a predicted $287.76 billion in 2025. This represents a remarkable compound annual growth rate (CAGR) of 10.8%. Factors such as increased demand for healthcare services, stringent regulatory compliance, outsourcing of non-core functions, among others have all contributed to the growth during the historic period.
Looking at the future, an even more explosive growth is anticipated. The healthcare facility management market size is predicted to surge to $450.35 billion in 2029 at a CAGR of 11.8%. The influences expected to drive this growth include increasing adoption of telemedicine, growing trend of outpatient care centers, enhanced focus on cybersecurity, and more. Major trends forecasted for the coming period include technology integration and smart facilities, energy efficiency and sustainability, just to name a few.
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Are the Key Drivers Reinforcing the Healthcare Facility Management Market’s Growth?
The increasing number of patients and rising healthcare spending by private and public participants in healthcare systems are the principal drivers bolstering the healthcare facility management market’s growth. Consequently, better patient service provision leads to the increased adoption of healthcare facility management in the healthcare system. An example is the UK healthcare expenditure of approximately $354.88 billion (£283 billion) in 2022, which echoed a nominal increase of 0.7% compared to spending in 2021. Hence, healthcare spending by private and public participants significantly boosts the growth of the healthcare facility management market.
How Is the Global Healthcare Facility Management Market Segmented?
The healthcare facility management market report categorises the market as follows:
1) By Type: Hard Services, Soft Services, Other Services
2) By Service Type: Property, Cleaning, Security, Catering, Support, Environmental Management
3) By Business Model: Outsourced, In-House
4) By End User: Hospitals And Clinics, Long-Term Healthcare Facilities
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What Key Players Are Operating In The Healthcare Facility Management Market?
Several prominent companies have a significant foothold in the healthcare facility management market. These include ABM Industries Inc., ISS World Services A/S, Jones Lang LaSalle IP Inc., and Medxcel Facility Management LLC, among others. These industry giants effectively contribute to the market’s dimensions and dynamism.
What Trends Are Shaping The Healthcare Facility Management Market Landscape?
The healthcare facility management market landscape is profoundly shaped by technological advancement. For example, CloudWave, a US-based independent cloud and managed services software hosting provider in healthcare, recently launched OpSus Cloud Services. This innovation offers hospital users a multi-cloud strategy that ensures availability, simplicity of access, and robust security, further demonstrating the technological progress in this market.
Which Region Has the Largest Share In the Healthcare Facility Management Market?
In 2024, North America was the largest region in the healthcare facility management market. Other regions covered in the healthcare facility management market report are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Exactly Is The Healthcare Facility Management Market?
Healthcare facility management is responsible for a healthcare facility’s development, maintenance, security, and operations, ensuring a reliable care environment for patients. The healthcare industry widely uses these services to ensure proper supervision and strategic functions of their facilities. The Healthcare Facility Management Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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