Healthcare Facilities Management Market – 37% of Growth to Originate from North America| Increasing Demand for Cloud-based Healthcare Facility…

The healthcare facilities management market covers the following areas:

Healthcare facilities management market - Drivers & Challenges

The key factordriving 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 clinicssegment 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 areorganic and inorganic deploying growth strategiesto compete in the market.

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Healthcare Facilities Management Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 7.40%

Market growth 2022-2026

USD 68.46 billion

Market structure

Fragmented

YoY growth (%)

9.97

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 37%

Key consumer countries

US, Germany, UK, Canada, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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, and Sodexo Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: http://www.technavio.com/

SOURCE Technavio

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Healthcare Facilities Management Market - 37% of Growth to Originate from North America| Increasing Demand for Cloud-based Healthcare Facility...