New York, NY, Aug. 03, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Healthcare Facilities Management Market by Product (Hard Services [Plumbing & Air Conditioning Maintenance, Fire Protection Systems, Mechanical & Electrical Maintenance and Others] and Soft Services [Cleaning & Pest Control, Laundry, catering, Waste Management, Security and Others]) and by End-User (Hospital, Ambulatory Service Centers, Clinics, Long-Term Healthcare Facilities and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global healthcare facilities management market was valued at approximately USD 211.07 billion in 2017 and is expected to generate revenue of around USD 515.31 billion by the end of 2024, growing at a CAGR of around 13.60% between 2018 and 2024.
Healthcare facilities management is a professional management authority which generally focuses on the delivery of services & support system to different healthcare organizations. The growing awareness about the cleanliness and different facilities required in a healthcare organization is fueling the growth of the market.
Browse through 71 Tables & 23 Figures spread over 110 Pages and in-depth TOC on "Global Healthcare Facilities Management Market Size, Applications 2017: Industry Type, Share, Trends Analysis and Forecast, 2024”.
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Healthcare facilities management market is segmented into the service type and end user. On the basis of service type, healthcare facilities management market is segmented into hard services and soft services. Hard services segment is further segmented into protection systems, plumbing, air conditioning maintenance, mechanical & electrical maintenance, and others. Soft services segment is further sub-segmented into the laundry, waste management, laundry, security, cleaning & pest control, and others. The soft services segment dominated the market in 2017. In soft service segment, cleaning & pest control dominated the market due to the increasing awareness about the cleanliness required to avoid spreading of diseases and awareness regarding the need for controlling the contamination of the environment. The rise in demand for minimizing the energy cost and raising awareness for curtailing operating cost are some of the factors that are augmenting the growth of the hard services segment.
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On the basis of the end user, the healthcare facility management market is segmented into ASC’s, hospital, long-term healthcare facilities, and others. Hospital segment is expected to dominate the healthcare facility management market during the forecast period.
North America is anticipated to dominate the global market of healthcare facilities management in the forecast period. The robust healthcare infrastructure, rapid technological advancements in the U.S. and Canada, and the introduction of different technologies for healthcare facilities management is expected to fuel the growth of the market in this region. Rapid development in cloud-based systems and increase in the use of IoT (Internet of Things) is also expected to fuel the growth of healthcare facilities management market. Increase in the disposable income is also fueling the growth of the market. The lack of technical experts is expected to act as a restraint to the growth of the healthcare facilities management market in North America.
Browse the full "Healthcare Facilities Management Market by Product (Hard Services [Plumbing & Air Conditioning Maintenance, Fire Protection Systems, Mechanical & Electrical Maintenance and Others] and Soft Services [Cleaning & Pest Control, Laundry, catering, Waste Management, Security and Others]) and by End-User (Hospital, Ambulatory Service Centers, Clinics, Long-Term Healthcare Facilities and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024"report at https://www.zionmarketresearch.com/report/healthcare-facilities-management-market
Europe is anticipated to be a lucrative market for the healthcare facilities management. The rapid increase in investment in the healthcare industry and awareness about cleanliness are some of the factors fueling the growth of the market in Europe. Also, increase in chronic diseases which leads to development of the healthcare facilities drives the growth of the healthcare facilities management. Development of medical tourism and growth in the development of healthcare product & services anticipate fueling the growth of the healthcare facilities management market.
The Asia Pacific healthcare facilities management market anticipates growing strongly in the forecast period. The support initiated by the government for the development of healthcare coupled with the rapid development of the healthcare infrastructure in countries such as China and India, and the growing awareness about the need for the management of healthcare facilities are mainly expected to rapidly increase the demand for healthcare facilities management market. Also, the rapid increase in the spread of chronic diseases due to the lack of cleanliness is creating awareness among the government and institutes for the cleanliness. This also drives the growth of the market in the Asia Pacific.
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The Middle East & Africa and Latin America regions are expected to show the least growth among the regions during the forecast period. Growing expenditure on healthcare and development in the infrastructure of healthcare is expected to fuel the growth of the healthcare market. Also, the rapid increase in development due to the investment of government is also fueling the growth of the market.
The main players involved in the global market of healthcare facilities management are ISS World Services A/S, Mitie Group Plc, Ecolab USA Inc., ABM, OCS Group, Jones Lang LaSalle, IP, Aramark, Founders3 Real Estate Services, Medxcel Facilities Management, Sodexo, Inc., Vanguard Resources, and Compass Group Plc. The companies are focusing on providing recent technologies and cost-effective services.
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This report segments the global healthcare facilities management market as follows:
Global Healthcare Facilities Management Market: Service-Type Segment Analysis
- Hard Services
- Plumbing
- Air Conditioning Maintenance
- Fire Protection Systems
- Mechanical & Electrical Maintenance
- Others
- Soft Services
- Cleaning and Pest Control
- Laundry
- Catering
- Waste Management
- Security
- Others
Global Healthcare Facilities Management Market: End-User Segment Analysis
- Hospital
- Ambulatory Service Centers
- Long-Term Health Facilities
- Clinics
- Others
Global Healthcare Facilities Management Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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