Healthcare Facilities Management Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Healthcare Facilities Management Market is segmented By Product Type (Waste Management, Security Services, Catering Services, Cleaning Services, Technical Support Services, and Other Products), By End-user (Hospitals and Clinics, Long-term Healthcare Facilities, and Other End-users), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report offers the value (in USD billion) for the above segments.

Home right-chevron-icon Industry Reports right-chevron-icon Healthcare right-chevron-icon Healthcare IT right-chevron-icon Healthcare Facilities Management Market

Healthcare Facilities Management Market Size

Healthcare Facilities Management Market Summary
Study Period: 2019-2027
Fastest Growing Market: North America
Largest Market: North America
CAGR: 13.93 %

Major Players

Healthcare Facilities Management Market Major Players

*Disclaimer: Major Players sorted in no particular order
setting-icon

Need a report that reflects how COVID-19 has impacted this market and it's growth?

Healthcare Facilities Management Market Analysis

The healthcare facilities management market is valued at approximately USD 315.07 billion in the base year and is expected to register a CAGR of nearly 13.93% over the forecast period.

The COVID-19 pandemic extensively widened the growth of the healthcare facilities market globally. With the rise in the number of COVID-19 patients, the increase in the number of diagnostics and treatments for COVID-19 was witnessed, resulting in the production of vast amounts of medical waste. According to the data published by WHO in February 2022, tonnes of extra medical waste from the response to the COVID-19 pandemic put tremendous strain on healthcare waste management systems worldwide. Moreover, to maintain sustainable healthcare facilities management systems even during the post-pandemic situation, the need for the market is expected to be on the rise, thereby boosting the growth of the studied market over the coming five years.

The healthcare facilities management market is predicted to witness rapid growth due to rising global healthcare expenditures, along with an increase in chronic diseases and medical tourism in emerging countries.

Healthcare has become one of the leading sectors, owing to the increasing number of patients and rising healthcare expenditure by the public and private players in healthcare systems. According to OECD Health Statistics released in July 2021, the preliminary healthcare spending estimates for a group of 16 countries suggested that per capita health expenditure increased by around 4.9% on average. Also, as per the data published by the Centers for Medicare and Medicaid Services (CMS), in the United States, national healthcare spending is projected to grow at an average rate of 5.5% per year during 2018-2027, reaching nearly USD 6.0 trillion by 2027. Healthcare spending is projected to grow 0.8% faster than the GDP per year over 2018-2027. As a result, the healthcare share of GDP is expected to rise to 19.4% by 2027. Thus, there has been exceptional growth in healthcare expenditures that have led to the development of various facilities in hospitals or clinics for the well-being of patients. This factor is expected to augment the market's growth.

Also, the increase in chronic diseases is expected to contribute to the market's growth. For instance, per the data published by the European Cancer Information system in 2020, the estimated incidence of non-melanoma skin cancer is expected to reach 3,244,076 by 2040. The burden of cancer cases is expected to be the admission of many people in hospitals for long-term care, thus boosting the demand for catering, porterage, cleaning, and other associated services, thereby contributing to the market's growth.

Thus, the aforementioned factors are expected to fuel the growth of the healthcare facilities management market over the forecast period. However, the gap between providers and payers and the lack of investment in facilities management in low-income countries are restraining the market's growth.

Healthcare Facilities Management Industry Segmentation

Healthcare facilities management is a professional management authority that generally focuses on delivering services and support systems to different healthcare organizations. 

The Healthcare Facilities Management Market is segmented By Product Type (Waste Management, Security Services, Catering Services, Cleaning Services, Technical Support Services, and Other Products), By End-user (Hospitals and Clinics, Long-term Healthcare Facilities, and Other End-users), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD billion) for the above segments.

By Product Type
Waste Management
Security Services
Catering Services
Cleaning Services
Technical Support Services
Other Products
By End-user
Hospitals and Clinics
Long-term Healthcare Facilities
Other End-users
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Healthcare Facilities Management Market Trends

This section covers the major market trends shaping the Healthcare Facilities Management Market according to our research experts:

Waste Management Expected to Witness Growth in the Market

Healthcare establishments generate a considerable quantity of both hazardous and non-hazardous wastes daily. These wastes are caused due to the diagnosis and treatment of human and animal diseases. When inappropriately managed, these dangerous wastes may compromise patient care quality. These wastes may enhance environmental pollution and spread infectious diseases, including Acquired Immunodeficiency Syndrome (AIDS), hepatitis, tuberculosis, diphtheria, cholera, and many others.

As per the United Nations data published in February 2022, approximately 87,000 tonnes of personal protective equipment was procured between March 2020 and November 2021 and shipped through the UN. At the same time, over 8 billion vaccine doses have been administered, producing 144,000 tonnes of additional waste in the form of syringes, needles, and safety boxes. Such high medical wastage is expected to contribute to the demand for waste management systems, thereby contributing to the growth of the studied segment.

Additionally, according to the Central Pollution Control Board (CPCB) data in 2021, India generated nearly 164 tonnes of COVID-19-related bio-medical waste per day. These healthcare wastes may pose health risks indirectly by releasing pathogens and toxic pollutants into the environment. Thus, healthcare providers are on the verge of establishing and implementing programs to effectively manage healthcare waste, which is likely to contribute to the growth of the studied segment.

Healthcare Facilities Management Market: Biomedical Waste Generation Due To COVID-19 (Tons Per Day), By State, India, 2021

North America Expected to Hold a Significant Market Share

North America is anticipated to witness healthy growth in healthcare facilities management in the forecast period due to the robust healthcare infrastructure and the introduction of different technologies for healthcare facilities management. 

The overall condition of the healthcare infrastructure also varies widely in the North American region. Also, the steep rise in the volume of hospitals and increasing hospital admissions drives higher demand for healthcare facilities management, thereby boosting the studied market growth. The American Hospital Association (AHA) statistics published in 2022 show that the total number of active hospitals in the United States is around 6,093. According to the PRB Aging in the United States, Americans aged 65 and older are projected to reach 95 million by 2060. The rising geriatric population and increasing chronic diseases across the region are augmenting the growth of the healthcare facilities management market in the forecast period.

Additionally, the rising healthcare expenditures in this region are expected to facilitate market growth. For instance, in the report published by CMS in 2021, on an average over 2021-30, National Health Expenditures and GDP are projected to grow 5.1% per year. High healthcare expenditures are expected to contribute to the market's growth over the forecast period.

Also, the increasing prevalence of chronic diseases is expected to contribute to the demand for the healthcare facilities management market, thereby contributing to the market growth in this region. According to data published by the American Cancer Society, around 1.9 million new cancer cases were diagnosed in the United States in 2022. Such chronic disease prevalence leads to a rise in hospital admissions, ultimately driving the demand for better healthcare facilities in North America, thereby contributing to the market growth in this region.

Thus, the above-mentioned factors are expected to drive the growth of the studied market over the forecast period.

Healthcare Facilities Management Market - Growth Rate by Region

Healthcare Facilities Management Industry Overview

The healthcare facilities management market is highly competitive and consists of several major players. The key players of the studied market comprise ABM Industries Inc., Aramark Corporation, Ecolab Inc., Iss World Services A/S, Serco Group PLC, and Sodexo, among others. The players involved in the global market of healthcare facilities management are found focusing on providing recent technologies and cost-effective services. The key players present in the market are also in the process of introducing advanced products to improve treatment efficiency, in turn capturing a higher market share.

Healthcare Facilities Management Market Leaders

  1. ABM Industries Inc.

  2. Aramark Corporation

  3. Ecolab Inc.

  4. Sodexo

  5. Iss World Services A/S

*Disclaimer: Major Players sorted in no particular order

Healthcare Facilities Management - MC.jpg

Healthcare Facilities Management Market News

  • October 2022: ISS A/S acquired the facility management company Livit FM Services AG in Switzerland from its parent Company Livit AG. The integration of the acquired company is expected to be completed in the first quarter of 2023.
  • May 2022: ABM extended its partnership with ELEVATE with a strategy to accelerate growth through industry-leading use of technology and analytics and investments in the client and team member experience.

Healthcare Facilities Management Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope Of The Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growth in Healthcare Expenditures

      2. 4.2.2 Increase in Occurrence of Chronic Diseases

      3. 4.2.3 Increasing Medical Tourism in Emerging Countries

    3. 4.3 Market Restraints

      1. 4.3.1 Gap between Providers and Payers

      2. 4.3.2 Lack of Investment in Facilities Management in Low-income Countries

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 5.1 By Product Type

      1. 5.1.1 Waste Management

      2. 5.1.2 Security Services

      3. 5.1.3 Catering Services

      4. 5.1.4 Cleaning Services

      5. 5.1.5 Technical Support Services

      6. 5.1.6 Other Products

    2. 5.2 By End-user

      1. 5.2.1 Hospitals and Clinics

      2. 5.2.2 Long-term Healthcare Facilities

      3. 5.2.3 Other End-users

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 ABM Industries Inc.

      2. 6.1.2 Aramark Corporation

      3. 6.1.3 Ecolab Inc.

      4. 6.1.4 Iss World Services A/S

      5. 6.1.5 Jones Lang LaSalle

      6. 6.1.6 Medxcel Facilities Management

      7. 6.1.7 Ocs Group

      8. 6.1.8 Serco Group PLC

      9. 6.1.9 Sodexo

      10. 6.1.10 Vanguard Resources Inc.

      11. 6.1.11 Compass Group PLC

    2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
You can also purchase parts of this report. Do you want to check out a section wise price list?

Healthcare Facilities Management Market Research FAQs

The Healthcare Facilities Management Market is studied from 2019 - 2027.

The Healthcare Facilities Management Market is growing at a CAGR of 13.93% over the next 5 years.

The Healthcare Facilities Management Market is valued at 315 Billion USD in 2019.

The Healthcare Facilities Management Market is valued at 681 Billion USD in 2027.

North America is growing at the highest CAGR over 2019-2027.

North America holds highest share in 2021.

ABM Industries Inc., Aramark Corporation, Ecolab Inc., Sodexo, Iss World Services A/S are the major companies operating in Healthcare Facilities Management Market.

Healthcare Facilities Management Industry Report

Statistics for the 2023 Healthcare Facilities Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Healthcare Facilities Management analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!