Revolutionizing Operational Efficiency: Exploring the Expansive Healthcare Facility Management Market's Latest Trends and Innovations

The healthcare facility management market size has grown rapidly in recent years. It will grow from $195.95 billion in 2023 to $217.83 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increased demand for healthcare services, stringent regulatory compliance, outsourcing of non-core functions, energy efficiency initiatives, aging healthcare infrastructure, increased complexity of healthcare facilities, globalization of healthcare services.

The healthcare facility management market size is expected to see rapid growth in the next few years. It will grow to $337.37 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to increasing adoption of telemedicine, growing trend of outpatient care centers, enhanced focus on cybersecurity, personalized and precision medicine, population health management initiatives, resilience and disaster recovery planning. Major trends in the forecast period include technology integration and smart facilities, energy efficiency and sustainability, data-driven decision-making, telehealth facilities and technology integration, adoption of green building practices, healthcare facility staff training, patient-centric technology.

Market Overview -
Healthcare facility management is the maintenance and oversight of a healthcare facility's development, maintenance, security, and operations, ensuring a safe and reliable care environment for patients in the healthcare industry. Healthcare facility management is used by the healthcare industry to facilitate services through the supervision of the maintenance, operations, and overall security of healthcare facilities.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=7903&type=smp

Elevated Healthcare Spending And Growing Patient Population Propel Healthcare Facility Management Market
The growing number of patients and Increasing healthcare spending by the private and public participants in healthcare systems are driving the healthcare facility management market's growth. The government and private healthcare spending in various countries support the growth of healthcare systems by providing better service to patients. That leads to the increased adoption of healthcare facility management in the healthcare system. For instance, in May 2023, the Office for National Statistics, a UK-based statistics authority, reported that healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms. UK total healthcare expenditure in 2021 was $367.25 billion (£280.7 billion), and pharmaceutical expenditure was $51.84 billion (£39.6 billion) in 2021. Furthermore, spending on preventive care was $45.93 billion (£35.1 billion) in 2021, more than doubling from the previous year. Therefore, healthcare spending by private and public participants in healthcare systems is driving the growth of the healthcare facility management market.

Competitive Landscape -
Major companies operating in the healthcare facility management market report are ABM Industries Inc., ISS World Services A/S, Jones Lang LaSalle IP Inc., Medxcel Facility Management LLC, Mitie Group plc, Aramark Corporation, Compass Group plc, Ecolab Inc., Sodexo SVC India Pvt. Ltd., OCS Group Limited., Serco Group plc, Vanguard Resources Inc., Arora Holdings Limited., Cushman & Wakefield, CBRE Group Inc., Johnson Controls International plc, Crothall Healthcare, C&W Facility Services Inc., AM Facilities Management Service Ltd., Aramark Healthcare Support Services LLC, Emcor Facilities Services Inc., Epic Facilities Management, G4S Health Services Limited, Sodexo Healthcare, Stericycle Inc., Vitas Healthcare, WellSky, Yardi Systems Inc.

Rapid Technological Advancements Reshaping The Healthcare Facility Management Market
Technological advancement is the key trend gaining popularity in the healthcare facility management market. Technological developments are growing at an unprecedented rate and shaping the future of the healthcare industry. For example, in September 2022, CloudWave, a US-based independent cloud and managed services software hosting provider in healthcare, launched OpSus Cloud Services. In the user's data center, CloudWave OpSus Edge provides infrastructure-as-a-service, offering computing, storage, security, backup, recovery, and thorough operations and system upkeep. OpSus Cloud Services offers hospital users a multi-cloud strategy that ensures availability, simplicity of access, and robust security.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/healthcare-facility-management-global-market-report

Key Segments -

The healthcare facility management market covered in this report is segmented -

1) By Type: Hard Services, Soft Services, Other Services
2) By Service Type: Property, Cleaning, Security, Catering, Support, Environmental Management
3) By Business Model: Outsourced, In-House
4) By End User: Hospitals And Clinics, Long-Term Healthcare Facilities

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.