DUBLIN, Jan. 13, 2025 (Globe Newswire) — The “Healthcare Facility Management Market Report and Forecast 2024-2032” report has been added to ResearchAndMarkets.com's offering.
The healthcare facility management market is expected to grow significantly at a compound annual growth rate (CAGR) of 10.3% during the forecast period 2024-2032. Recently valued at USD 251.92 billion in 2023, this market is expected to reach an estimated USD 608.22 billion by 2032, thanks to technological advancements in the global healthcare sector. .
Key market insights
Increasing demand for healthcare services, aging global population, and rapid rise in technological advancements such as the Internet of Things (IoT) and artificial intelligence (AI) are key drivers of the market. The medical facility management market ensures operational efficiency and safety at medical sites, including services from maintenance and cleaning to security and catering. These services are essential to maintaining a safe, efficient, and sanitary environment that is conducive to patient care and staff performance.
Challenges and opportunities
While the market is poised for growth, it faces challenges such as high initial investments in technology, complexity in integrating new systems, lack of skilled labor, and varying regulatory landscapes in different regions. . However, with ongoing technological innovation, expansion in emerging markets, and a growing commitment to sustainability, the future holds promising opportunities.
market trends
The introduction of smart technology and increasing focus on patient-centered care are shaping the current market trends. Additionally, the industry is being boosted by sustainability and green building practices, outsourcing of facility management services, and increased investment in healthcare infrastructure. To drive these trends, regulatory compliance and standards remain a key focus for industry service providers.
competitive environment
The competitive environment in the Healthcare Facility Management market is robust, with prominent players focusing on innovations, mergers and acquisitions, and partnerships to expand and enhance their services. Leading companies contribute to an environment focused on operational efficiency, regulatory compliance, and improved patient care.
market outlook
As the healthcare facility management market continues to evolve, it faces a rapidly changing healthcare environment. This dynamic market has potential thanks to a commitment to technology integration and an enduring focus on patient satisfaction and environmentally sustainable practices.
Stakeholders can expect an ever-changing market rich in innovation and driven by collaborative efforts to improve healthcare facility management around the world. The global healthcare facility management sector remains a key element in the comprehensive improvement and advancement of healthcare services, enabling a more efficient and patient-oriented healthcare industry.
Key attributes:
Report attribute details No. Number of pages 200 Forecast period 2024 to 2032 Estimated market value in 2024 (USD) $277.8 billion Estimated market value by 2032 (USD) $608.2 billion Average annual growth rate 10.3% Target region World
Featured companies
ABM Industries Inc.Aramark CorporationEcolab Inc.Iss World Services A/SJones Lang LaSalleMedxcel Facilities ManagementOCS Group HoldingsSerco Group PlCSodexoVanguard Resources Inc.Compass Group PLC
For more information on this report, please visit https://www.researchandmarkets.com/r/905oej.
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Medical facility management market
