Healthcare Facilities Management Market - 37% of Growth to Originate from North America| Increasing Demand for Cloud-based Healthcare Facility Management Solutions to Boost Market|17000+ Technavio Reports

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The healthcare facilities management market covers the following areas:

• Healthcare Facilities Management Market Sizing
• Healthcare Facilities Management Market Forecast
• Healthcare Facilities Management Market Analysis

Healthcare facilities management market - Drivers & Challenges

The key factor driving growth in the healthcare facilities management market is the increasing demand for cloud-based healthcare facility management solutions. The growing demand for modern, technologically advanced solutions in the global healthcare facilities management market has led to a significant rise in the number of cloud computing solutions. Cloud-based solutions are increasingly being used to integrate healthcare facilities management services, as they offer a reliable means of hosting healthcare facilities management software. These solutions allow companies to increase security and collaboration among their teams and subsidiaries present in multiple locations, thereby reducing the operating costs incurred by the organization. Some vendors that offer cloud-based solutions for effective healthcare facilities management include SAP and IBM. The increase in the adoption of a cloud-based solution for healthcare facilities management can drive the growth of healthcare facilities management services across multiple end-user segments, thereby driving the market growth.

The fragmented nature of the market will be a major challenge for the healthcare facilities management market during the forecast period. The market is mainly composed of two segments, namely, the organized and unorganized sectors. The organized sector comprises big retailers or manufacturers, which have all the necessary permits and follow the relevant rules and regulations. On the other hand, the unorganized sector includes small retailers or manufacturers not registered with the government. The global healthcare facilities management market is highly fragmented and unorganized. The market is highly competitive, with participants offering different services, depending on the size of their operation. The presence of a large number of players in the market increases the level of competition; however, service differentiation is costly for vendors as each player must upgrade its cleaning services in line with the current technology. Also, organized players must engage in extensive marketing practices to create a brand name and differentiate their services from their competitors. These factors ultimately lead to a heavy cost burden for vendors and reduce their profit margins.

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Healthcare facilities management market - Segmentation Analysis

The Healthcare Facilities Management Market is segmented by End-user (hospitals and clinics, long-term healthcare facilities, and others) and Geography (North America, Europe, Asia, and ROW).

The healthcare facilities management market share growth by the hospitals and clinics segment will be significant for revenue generation The function of healthcare facilities management in hospitals and clinics is to enable caregiving to patients in all forms, at the highest level. The other functions of healthcare facilities management in hospitals and clinics include facilitating a safe environment with minimal cross-exposure, controlling costs associated with complex business lines, maintaining patient privacy, comfort, and accessibility during their stay, coordinating the use of shared equipment and resources to ensure timely care, and simplify navigation for professionals, patients, and visitors. All such factors increase the demand for healthcare facilities management in hospitals and clinics, which will drive the market's growth during the forecast period.

Companies Mentioned

The healthcare facilities management market is fragmented and the vendors are organic and inorganic deploying growth strategies to compete in the market.

• ABM Industries Inc.
• Aramark Corp.
• Compass Group Plc
• Ecolab Inc.
• ISS AS
• Jones Lang LaSalle Inc.
• Medxcel Facilities Management LLC
• Mitie Group Plc.
• Serco Group Plc
• Sodexo Group

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Hospitals and clinics - Market size and forecast 2021-2026
• Long-term healthcare facilities - Market size and forecast 2021-2026
• Others - Market size and forecast 2021-2026
• Market opportunity by End-user

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2021-2026
• Europe - Market size and forecast 2021-2026
• Asia - Market size and forecast 2021-2026
• ROW - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABM Industries Inc.
• Aramark Corp.
• Compass Group Plc
• Ecolab Inc.
• ISS AS
• Jones Lang LaSalle Inc.
• Medxcel Facilities Management LLC
• Mitie Group Plc.
• Serco Group Plc
• Sodexo Group

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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