Dublin, March 03, 2023 (GLOBE NEWSWIRE) -- The "Healthcare Facilities Management: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Healthcare Facilities Management estimated at US$455.5 Billion in the year 2022, is projected to reach a revised size of US$1.2 Trillion by 2030, growing at a CAGR of 12.9% over the analysis period 2022-2030.
Cleaning Services, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$244.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Security Services segment is readjusted to a revised 12.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $120.2 Billion, While China is Forecast to Grow at 16.4% CAGR
The Healthcare Facilities Management market in the U.S. is estimated at US$120.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$282.9 Billion by the year 2030 trailing a CAGR of 16.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 10.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$195.2 Billion by the year 2030.
Select Competitors (Total 118 Featured) -
- 3M Company
- ABM Industries Inc.
- Accruent
- Aramark
- CBRE
- Compass Group
- Electro Industries/GaugeTech Inc.
- ISS A/S
- Johnson Controls
- Medxcel
- Mitie Group PLC
- OCS Group Limited
- Serco Group plc
- SMS Integrated Facility Services Private Limited
- Sodexo
- U.S. Engineering Company Holdings
- Vanguard Resources Inc.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 540 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $455.5 Billion |
| Forecasted Market Value (USD) by 2030 | $1200 Billion |
| Compound Annual Growth Rate | 12.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession
- Year 2021 in Review and Near-term Outlook
- Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023
- Impact of COVID-19 Pandemic on Health Facilities Management
- Amidst COVID-19 Outbreak, Healthcare Sector Focuses on Effective Facility Management
- Facilities Management: Supporting Core Activities of Businesses
- An Introduction to Healthcare Facilities Management
- Global Market Prospects & Outlook
- Soft Services Segment Leads Global Market
- Developing Regions to Spearhead Future Growth
- Competition
- Healthcare Facilities Management - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- World Brands
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Cost Reduction & Efficiency Enhancements: Critical Factors Fueling Market Growth
- Healthcare Facilities Management Enhance Overall Patient Experiences
- Rise in Healthcare Spending Levels and Expanding Healthcare Infrastructure Augur Well for HFM Market
- World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 & 2023
- Elderly Healthcare Expenditure as a % of GDP in the US, Europe and Japan for 1970, 2010 and 2050
- Increasing Incidence of Chronic Diseases and Rise in Hospitalizations Necessitate Focus on Efficient Facilities Management
- Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Number of New Cancer Cases and Deaths (in Million) by Region for 2020
- World Diabetes and Population Statistics (2019, 2030 & 2045)
- World Diabetes Prevalence: 2000-2019, 2030 and 2045
- Global HIV Prevalence: Number of People Living with AIDs (in Thousands) by Region for 2020
- Growing Healthcare Needs of the World's Aging Population Presents Opportunities for Healthcare Facilities Management Market
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Rising Popularity of Medical Tourism in Developing Economies and Resultant Focus on Expanding Healthcare Infrastructure: Potential for Growth
- Global Medical Tourism Market Size (in US$ Billion) for 2020, 2022, 2024 & 2026
- Outsourcing of Facilities Management Services Gains Momentum in Healthcare Sector
- Penetration of Outsourced FM Services Worldwide: Outsourcing as % of Total Onsite FM Services Market for Select End-Use Sectors
- Effective Waste Management: An Important Aspect of Facilities Management in Healthcare Industry
- Typical Waste Composition in Healthcare Facilities
- Outsourcing of Medical Waste Management on the Rise
- Reprocessing: An Effective Medical Waste Management Solution
- Persistent Hygiene Threats and Risks in Healthcare Settings Raise Importance of Contract Cleaning Services
- Growing Frequency & Severity of Newly Emerging & Re-Emerging Infections Brings to Light the Importance of Cleaning Services: Fatality Rate of Major Virus Outbreaks Over the Last 50 Years
- Growing Adoption of Green Cleaning Products: A Notable Trend Spurring Market Growth
- Robots Emerge as an Important Technology for Cleaning Businesses
- Catering Services Market - Outsourcing Gains Prominence
- Healthcare Sector Generates High Demand for Laundry Services
- Maintenance Challenges Confront Healthcare Facilities, Enhancing Importance of FM
- Retail Healthcare Facility Management Continues to Gather Pace
- Emerging Trends Transform the Healthcare Facility Management
- Amidst the Pandemic, Technology Developments to Transform HFM Market
- Rising Use of Advanced Technologies to Enhance Efficiencies of Healthcare Facilities
- Cloud Computing to Drive Adoption of FM Software
- IoT: Rising Prominence in Improving Efficiency of FM Services
- Big Data & Analytics Enable Smart Decision Making Process
- Increasing Reliance on Automation
- Increasing Importance of Robotics
- Deep Learning, Artificial Intelligence and Machine Learning
- Wearables and Ruggedized Devices
- Major Challenges Facing Healthcare Facilities Management
- Challenges Facing Multi-Hospital Systems in Ensuring Effective FM
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8ae49h
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