Global Healthcare Facilities Management Market: Snapshot
The demand in the global healthcare facilities management market is projected to increment at an impressive CAGR of 13.4% during the forecast period of 2017 to 2025, gaining traction from a number of factors, such as increasing government support for robust healthcare infrastructure in a number of emerging economies, particularly in Asia Pacific, prevalence of several chronic diseases, increasing disposable income of the urban population, and technological advancements both hard and soft services. Cloud computing and the Internet of Things are also expected to open new opportunities for the vendors operating in the global healthcare facilities management market, who are yet to explore vast unmet demand in rural areas across the world.
The report estimates the global healthcare facilities management market to be worth US$577.92 bn by the end of 2025, remarkably up from its evaluated valuation of US$187.35 bn in 2016. Medical tourism is emerging as a trend that may prove highly profitable for the stockholders of this market.
Cleaning and Waste Management Emerges as Important Soft Services Segment
On the basis of service type, the global healthcare facilities management market is segmented into soft services such as cleaning and pest control, catering, laundry, waste management, security, and administrative services, and hard services including plumbing and air conditioning, mechanical and electrical maintenance, fire protection services, and fabric maintenance. In 2016, the cleaning and pest control sub-segment served the maximum demand in the global healthcare facilities management market, which was a clear reflection of the need for controlled contamination environment at the healthcare facilities. Healthcare facilities management professionally manages integration of processes, location, systems, technology, and staff and the patients. Cleaning is paramount for healthcare facilities to maintain healthy and hygienic atmosphere. On the other hand, waste management sub-segment is expected to expand the demand quickly too during the forecast period, performing much better than laundry segment.
While soft services segment are gaining momentum, hard services remain major revenue generator for the companies operating in the global healthcare facilities management market. Rising demand for reduced energy cost, need to curtail operating cost, and government support are some of the key factors augmenting the demand for hard services segment of healthcare facilities management market.
Asia Pacific Turning into Highly Profitable Region
In the current scenario, North America and Europe are most profitable regions for the vendors of the healthcare facilities management market, which is primarily due to robust healthcare infrastructure in a number of developed countries such as the U.S., Canada, Germany, France, and the U.K. However, while North America is expected to hold its leading position, Europe is anticipated to lose ground against Asia Pacific, which is rapidly turning into a highly lucrative regional market. Emerging economies such as India, China and Japan have sustained support from the government for the development of healthcare infrastructure, while medical tourism trend is prospering the healthcare facilities management market in Malaysia. The region of the Middle East and Africa as well as South America are also projected for strong growth rate.
ISS World Services A/S, Aramark, ABM, Ecolab USA Inc., Jones Lang LaSalle, OCS Group, Founders3 Real Estate Services, IP, Medxcel Facilities Management, Sodexo, Inc., Compass Group PLC, Vanguard Resources, and Mitie Group PLC ares some of the prominent companies currently functional in the global healthcare facilities management market. Product innovation and improved services are some of the key strategies of these companies to maintain their position in the market.
Global Healthcare Facilities Management Market: Overview
This report on the global healthcare facilities management market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the Healthcare facilities management market growth during the said period. Increasing demand of outsourcing services are playing a major role in driving the global healthcare facilities management market The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (in US$ Bn), across different geographies.
Global Healthcare Facilities Management Market: Segmentation
The healthcare facilities management market has been segmented on the basis of service type and geography. Based on service type, the market has been further classified into soft services, and hard services. On the bases of hard services, the healthcare facilities management market is segmented into plumbing, air conditioning maintenance, fire protection systems, mechanical and electrical maintenance and others. The others segment comprises of fabric maintenance and others. By soft services, the healthcare facilities management market is classified into cleaning and pest control, laundry, catering, waste management, security and others. Geographically, the report classifies the global healthcare facilities management market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region wise prominent countries covered in the report include the following - U.S, Canada, U.K., Germany, France, China , India, Japan, UAE, Saudi Arabia, Africa, Brazil, South Africa, and Italy.
The report also includes key industrial developments in healthcare facilities management market. Porter five forces analysis which identifies bargaining power of supplier, bargaining power of buyer, threat from new entrant, threat from substitute and threat from competition in healthcare facilities management market is also included in the report. Value chain analysis which shows work flow in the healthcare facilities management and identifies raw material supplier services providers and end users of this healthcare facilities services is also covered in the report. Segment trends and regional trends have also been added in healthcare facilities management market. The report also covers segment wise comparison matrix, market attractiveness analysis and market positioning of key players for all regions covered in the scope of study.
Comparison matrix includes segment growth matrix, 2017 - 2025 (%), segment revenue contribution, 2017 - 2025 (%), and segment compounded growth matrix (CAGR %). Market attractiveness identifies and compares segments market attractiveness on the basis of CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report also includes competition landscape which include competition matrix, market share analysis of major players in the global healthcare facilities management market based on their 2016 revenues and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players of healthcare facilities management sector.
Global Healthcare Facilities Management Market: Competitive Landscape
Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2014 to 2016. The global players profiled in the global healthcare facilities management market include Siegel-Gallagher Management Company, Inc., Jones Lang LaSalle, IP, Inc., ABM, OCS Group., Medxcel Facilities Management, Aramark, Sodexo, Ecolab USA Inc., Vanguard Resources and ISS World Services A/S, Regional players such as Manutencoop Facility Management S.p.A, Serco Group Plc. among others have also been profiled in the report.
The global Healthcare Facilities Management market is segmented as below:
Global Healthcare Facilities Management, By Service Type
- Hard Services
- Plumbing, Air Conditioning Maintenance
- Fire Protection Systems
- Mechanical and Electrical Maintenance
- Others (Fabric Maintenance, etc.)
- Soft Services
- Cleaning and Pest Control
- Waste Management
- Others (Administrative Services, etc.)
Global Healthcare Facilities Management, By Geography
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- Saudi Arabia
- Rest of MEA
- South America
- Rest of South America