Global Healthcare Facility Management Market Size By Service Type (Hard Services, Soft Services), By End-User (Hospitals and Clinics, Long-Term Care Facilities), By Geographic Scope And Forecast

Healthcare Facility Management Market Size And Forecast

Healthcare Facility Management Market size was valued at USD 217.56 Billion in 2022 and is calculated to reach USD 385.70 Billion by 2030, growing at a CAGR of 6.46% from 2023 to 2030.

Healthcare Facility Management refers to the strategic coordination and efficient operation of various services and support systems within healthcare facilities such as hospitals, clinics, nursing homes, and medical laboratories. These services encompass a wide range of functions including facility maintenance, safety and security management, waste management, equipment maintenance, environmental services, and catering, among others. Effective facility management ensures that healthcare facilities operate smoothly, comply with regulatory standards, and provide a safe and comfortable environment for patients, staff, and visitors.

Global Healthcare Facility Management Market Definition

Healthcare Facility Management involves comprehensive management and coordination of non-clinical services and support functions within healthcare facilities. The main objective of the software is to ensure smooth and efficient facility operations, optimize resources, and provide a comfortable, safe, and well-maintained environment for staff, patients, and visitors.

Healthcare facility management includes housekeeping, infrastructure and equipment maintenance, utility management, security, waste management, space planning, compliance with safety regulations, and environmental health. Additionally, the software includes strategic planning and budgeting that address the unique needs of healthcare settings, while the integration of technology aims to improve facility operations and patient care. By effectively managing these services, healthcare facility management considerably contributes to the overall quality of patient care and the effectiveness of healthcare organizations.

Global Healthcare Facility Management Market Overview

Modern healthcare facilities have become complex and include a range of functions and services. The integration of information technology systems, advanced medical equipment, and specialized departments is driving the need for effective facility management. Healthcare organizations seek solutions to ensure the seamless operation and coordination of various departments within these intricate facilities.

Healthcare facilities increasingly emphasize the patient experience’s importance in their service delivery. The physical environment is crucial in shaping patients’ perceptions of their healthcare journey. Well-managed and aesthetically pleasing facilities contribute to a positive patient experience, increasing patient satisfaction, better outcomes, and improved patient loyalty. Healthcare facility management solutions enable organizations to create a clean, comfortable, and patient-centric environment that enhances the patient experience.

Global Healthcare Facility Management Market Segmentation Analysis

The Global Healthcare Facility Management Market is differentiated based on Service Type, End-User, And Geography.

Healthcare Facility Management Market, By Service Type

• Hard Services
• Soft Services

Okay, so when we talk about different kinds of services, we can split them into two main categoriesHard Services and Soft Services. Now, in 2022, Soft Services were the real star, making up the biggest chunk of the market. What are we talking about with soft services? Think of all the non-technical things that keep things running smoothly, like catering, janitorial services, housekeeping, and even keeping the landscaping looking sharp. In healthcare, these soft services are super important because they help keep everything hygienic and clean for everyone – staff, patients, and visitors – which makes the whole experience better. This helps control infections, cuts down on the chance of getting sick while you're there, and just makes the place feel more welcoming and comfortable. Ultimately, soft services make patients feel better, boost staff morale, and make the facility look good, all of which are key to providing top-notch healthcare.

Healthcare Facility Management Market, By End User

• Hospitals and Clinics
• Long-Term Care Facilities
• Others

When we look at who's using it, the Global Healthcare Facility Management Market breaks down into Hospitals and Clinics, Long Term Care Facilities, and a few Others. And guess what? Hospitals and clinics were the biggest users in 2022. Why? Well, more and more of them are grabbing healthcare facility management software to keep things running smoothly. Plus, this kind of management helps them use resources better, makes patients happier with a comfy and clean space, and helps stop infections. The software even helps staff work together better, letting doctors and nurses focus on what they do bestgiving patients top-notch care!

Healthcare Facility Management Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Okay, so when we look at the Regional Analysis, the world's Healthcare Facility Management Market breaks down into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. North America was the big cheese in 2022. Why? Well, hospitals and clinics there are really into using digital tech to give patients top-notch care, which is a huge boost. Plus, you've got major players like Jones Lang LaSalle Incorporated, Medxcel, and CBRE Group, Inc. all doing their thing there, making the market super appealing. But don't count out Asia Pacific! They're expected to really take off in the next few years because they're building more healthcare facilities, everyone wants better healthcare, and there's a big push for patient safety and making people comfortable.

Key Players

The “Global Healthcare Facility Management Market ” study report will provide valuable insight with an emphasis on the global market. The key players in the market are CBRE Group, Inc., Jones Lang LaSalle Incorporated, Medxcel, Sodexo, Johnson Controls., ISS, Aramark Corporation, ABM Industries Inc., 3M COMPANY, and Accruent, among others. 

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In January 2022, CBRE acquired Building, a leading provider of technology services and occupancy planning. The acquisition helped the company meet the growing demand for complete occupancy management services.
• In April 2021, Sodexo acquired MTS Health, the leading Medical Equipment Asset Management provider in the UK. The acquisition will help the company to build its existing business in Asia Pacific and the USA and enhance its services in Ireland and UK.

Report Scope

Analyst’s Take

Healthcare Facility Management market is experiencing steady growth driven by the increasing complexity of healthcare infrastructure, rising demand for quality healthcare services, and stringent regulatory requirements. As healthcare facilities strive to optimize operational efficiency, reduce costs, and enhance patient satisfaction, the demand for professional facility management services is expected to rise. Moreover, technological advancements such as IoT-enabled facility management solutions and predictive maintenance are further shaping the landscape of the Healthcare Facility Management market, presenting lucrative opportunities for both existing players and new entrants.

Research Methodology of Market Research

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Reasons to Purchase this Report

We'll dive into the market using both numbers and real-world insights, breaking it down into understandable segments based on money and other important stuff. You'll get USD Billion market values for every single segment and sub-segment. We'll point out which regions and segments are predicted to grow the fastest and be the biggest. Plus, we'll analyze each region, showing you where the product/service is used and what's influencing the market there. Get the scoop on the competitive landscape, including how the big players rank, their new products/services, partnerships, expansions, and acquisitions over the last five years, all in detailed company profiles. These profiles include company overviews, insights, product benchmarking, and even SWOT analysis. We'll give you both the current and future outlook, highlighting growth opportunities, drivers, challenges, and restraints in both up-and-coming and established regions. We'll also give you an in-depth look using Porter's Five Forces and walk you through the market's VC. Expect a rundown of market dynamics, the growth opportunities on the horizon, and six months of post-sales analyst support to help you make sense of it all.

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