Healthcare Facilities Management Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Jan 2022 Pages: 120 SKU: IRTNTR72061

Based on Technavio's market sizing methodology, the healthcare facilities management market size is predicted to surge to USD 68.46 billion from 2021 to 2026 at a CAGR of 7.40%.

This healthcare facilities management market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The healthcare facilities management market report offers information on several market vendors, including 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 among others.

This report further entails healthcare facilities management market segmentations, including:

  • End-user - Hospitals and clinics, long-term healthcare facilities, and others
  • Geography - North America, Europe, Asia, and ROW

What will the Healthcare Facilities Management Market Size be During the Forecast Period?

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Healthcare Facilities Management Market: Key Drivers, Trends, and Challenges

The increasing demand for cloud-based healthcare facility management solutions is notably driving the healthcare facilities management market growth, although factors such as the fragmented nature of the market may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare facilities management industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Healthcare Facilities Management Market Driver

One of the key factors driving 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. Thus, 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.

Key Healthcare Facilities Management Market Trend

The rising strategic alliances and product launches is one of the key healthcare facilities management market trends fueling the market share growth. Vendors are focusing on implementing various strategies like new product launches and collaborations to drive the growth of the global healthcare facilities management market during the forecast period. In December 2020, the ISS Facility Management service launched a new disinfection and hygiene solution named Pure Space. This works by analyzing all traffic and touchpoints, identifying high-touch surfaces, and tailoring a suitable hygiene plan for that environment. It also ensures that high-touch areas remain safe for hours after being disinfected. In October 2020, the National Cooperative Development Corporation (NCDC) announced the plan to launch Ayushman Sahakar in India to involve co-operatives in creating healthcare infrastructure and facilities.

Key Healthcare Facilities Management Market Challenge

The fragmented nature of the market will be a major challenge for the healthcare facilities management market during the forecast period. 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. This, in turn, will have a negative impact on the healthcare facilities management market growth during the forecast period.

This healthcare facilities management market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global healthcare facilities management market as a part of the global environmental and facilities services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the healthcare facilities management market during the forecast period.

Who are the Major Healthcare Facilities Management Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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
  • Sodexo Group

 

This statistical study of the healthcare facilities management market encompasses successful business strategies deployed by the key vendors. The healthcare facilities management market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ABM Industries Inc. - The company offers facility services for hospitals

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The healthcare facilities management market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Healthcare Facilities Management Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the healthcare facilities management market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the environmental and facilities services market includes the following core components:

  • Inputs
  • Operations
  • Marketing and sales
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Healthcare Facilities Management Market?

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37% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for healthcare facilities management in North America. Market growth in this region will be slower than the growth of the market in the European and Asian regions.

The increased adoption of healthcare facilities management services by end-user industries will facilitate the healthcare facilities management market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

There was an increasing demand for waste management during the COVID-19 pandemic. However, the United States experienced a reduction in medical waste production due to the cancellation or delay of elective surgeries and a reduction in hospitalizations. Therefore, the outbreak of COVID-19 had a positive impact on the management of waste generated in the treatment of COVID-19 patients. This is expected to enhance the growth of the healthcare facilities management market during the forecast period

What are the Revenue-generating End-user Segments in the Healthcare Facilities Management Market?

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The healthcare facilities management market share growth by the hospitals and clinics segment will be significant during the forecast period. 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, and others. All such factors increase the demand for healthcare facilities management in hospitals and clinics, which will drive the healthcare facilities management market's growth during the forecast period

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare facilities management market size and actionable market insights on post COVID-19 impact on each segment.

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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

$ 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

Key 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 recovery analysis 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.

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What are the Key Data Covered in this Healthcare Facilities Management Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive healthcare facilities management market growth during the next five years
  • Precise estimation of the healthcare facilities management market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare facilities management industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of healthcare facilities management market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                           

                **1.1     Market Overview            

                                *Exhibit 01:  Key Finding 1

                                *Exhibit 02:  Key Finding 2

                                *Exhibit 03:  Key Finding 3

                                *Exhibit 04:  Key Finding 5

                                *Exhibit 05:  Key Finding 6

                                *Exhibit 06:  Key Finding 7

                                *Exhibit 07:  Key Finding 8

***2. Market Landscape

                **2.1 Market ecosystem             

                                *2.1.1 Parent Market

                                *Exhibit 08  Parent market

                                *Exhibit 09:  Market characteristics

                **2.2 Value Chain Analysis          

                                *Exhibit 10:  Value Chain Analysis: Environmental and facilities services

                                *2.2.1    Inputs

                                *2.2.2    Operations

                                *2.2.3    Marketing and sales

                                *2.2.4    Support activities

                                *2.2.5    Innovations

***3. Market Sizing                       

                **3.1 Market definition

                                *Exhibit 11:  Offerings of vendors included in the market definition

                **3.2 Market segment analysis 

                                *Exhibit 12:  Market segments

                **3.3 Market size 2021 

                **3.4 Market outlook: Forecast for 2021 - 2026 

                                *3.4.1Estimating growth rates for emerging and high-growth markets

                                *3.4.2Estimating growth rates for mature markets

                                *Exhibit 13:  Global - Market size and forecast 2021 - 2026 ($ billion)

                                *Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                          

                **4.1 Five Forces Summary        

                                *Exhibit 15:  Five forces analysis 2021 - 2026

                **4.2 Bargaining power of buyers           

                                *Exhibit 16: Bargaining power of the buyer

                **4.3 Bargaining power of suppliers       

                                *Exhibit 17: Bargaining power of the supplier

                **4.4 Threat of new entrants    

                                *Exhibit 18: Threat of new entrants

                **4.5 Threat of substitutes         

                                *Exhibit 19: Threat of substitutes

                **4.6 Threat of rivalry   

                                *Exhibit 20: Threat of rivalry

                **4.7 Market condition

                                *Exhibit 21: Market condition - Five forces 2021

***5. Market Segmentation by  End-user

                **5.1 Market segments

                                *Exhibit 22:  End-user- Market share 2021 - 2026 (%)

                **5.2 Comparison by End-user  

                                *Exhibit 23:  Comparison by End-user

                **5.3 Hospitals and clinics - Market size and forecast 2021-2026 

                                *Exhibit 24:  Hospitals and clinics - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 25:  Hospitals and clinics - Year-over-year growth 2021-2026 (%)

                **5.4 Long-term healthcare facilities - Market size and forecast 2021-2026            

                                *Exhibit 26:  Long-term healthcare facilities - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 27:  Long-term healthcare facilities - Year-over-year growth 2021-2026 (%)

                **5.5 Others - Market size and forecast 2021-2026           

                                *Exhibit 28:  Others - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 29:  Others - Year-over-year growth 2021-2026 (%)

                **5.6 Market opportunity by End-user  

                                *Exhibit 30:  Market opportunity by End-user

***6. Customer landscape                         

                                *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                **6.1 Overview

                                *Exhibit 31:  Customer landscape

***7. Geographic Landscape                     

                **7.1 Geographic segmentation

                                *Exhibit 32:  Market share by geography 2021-2026 (%)

                **7.2 Geographic comparison   

                                *Exhibit 33:  Geographic comparison

                **7.3 North America - Market size and forecast 2021-2026           

                                *Exhibit 34:   North America - Market size and forecast 2021-2026($ billion)

                                *Exhibit 35:  North America - Year-over-year growth 2021-2026 (%)

                **7.4 Europe - Market size and forecast 2021-2026          

                                *Exhibit 36:  Europe - Market size and forecast 2021-2026($ billion)

                                *Exhibit 37:  Europe - Year-over-year growth 2021-2026 (%)

                **7.5 Asia - Market size and forecast 2021-2026

                                *Exhibit 38:  Asia - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 39:  Asia - Year-over-year growth 2021-2026(%)

                **7.6 ROW - Market size and forecast 2021-2026              

                                *Exhibit 40:  ROW - Market size and forecast 2021-2026 ($ billion)

                                *Exhibit 41:  ROW - Year-over-year growth 2021-2026 (%)

                **7.7 Key leading countries        

                                *Exhibit 42:  Key leading countries

                **7.8 Market opportunity by geography

                                *Exhibit 43:  Market opportunity by geography ($ billion)

***8. Drivers, Challenges, and Trends                   

                **8.1 Market drivers     

                                *8.1.1    Increasing demand for cloud-based healthcare facility management solutions

                                *8.1.2    Increasing demand for smart facilities

                                *8.1.3    Rise in prevalence of chronic diseases and growing aging population

                **8.2 Market challenges              

                                *8.2.1    Fragmented nature of the market

                                *8.2.2    Regulatory challenges related to facility management

                                *8.2.3    Rise in budgetary constraints

                                *Exhibit 44:  Impact of drivers and challenges

                **8.3 Market trends      

                                *8.3.1    Rising strategic alliances and product launch

                                *8.3.2    Rising waste management

                                *8.3.3    Increase in the number of hospitals and clinics

***9. Vendor Landscape                             

                **9.1 Overview

                                *Exhibit 45:  Vendor landscape

                **9.2 Landscape disruption        

                                *Exhibit 46:  Landscape disruption

                                *Exhibit 47: Industry Risk

***10. Vendor Analysis               

                **10.1 Vendors covered              

                                *Exhibit 48: Vendors covered

                **10.2 Market positioning of vendors    

                                *Exhibit 49: ?Market positioning of vendors?

                **10.3 ABM Industries Inc.         

                                *Exhibit 50:  ABM Industries Inc. - Overview

                                *Exhibit 51:  ABM Industries Inc. - Business segments

                                *Exhibit 52:  ABM Industries Inc. - Key news

                                *Exhibit 53:  ABM Industries Inc. - Key offerings

                                *Exhibit 54:  ABM Industries Inc. - Segment focus

                **10.4 Aramark Corp.   

                                *Exhibit 55:  Aramark Corp. - Overview

                                *Exhibit 56:  Aramark Corp. - Business segments

                                *Exhibit 57:  Aramark Corp. - Key news

                                *Exhibit 58:  Aramark Corp. - Key offerings

                                *Exhibit 59:  Aramark Corp. - Segment focus

                **10.5 Compass Group Plc          

                                *Exhibit 60:  Compass Group Plc - Overview

                                *Exhibit 61:  Compass Group Plc - Business segments

                                *Exhibit 62:  Compass Group Plc - Key offerings

                                *Exhibit 63:  Compass Group Plc - Segment focus

                **10.6 Ecolab Inc.           

                                *Exhibit 64:  Ecolab Inc. - Overview

                                *Exhibit 65:  Ecolab Inc. - Business segments

                                *Exhibit 66:  Ecolab Inc. - Key news

                                *Exhibit 67:  Ecolab Inc. - Key offerings

                                *Exhibit 68:  Ecolab Inc. - Segment focus

                **10.7 ISS AS    

                                *Exhibit 69:  ISS AS - Overview

                                *Exhibit 70:  ISS AS - Business segments

                                *Exhibit 71:  ISS AS - Key offerings

                                *Exhibit 72:  ISS AS - Segment focus

                **10.8 Jones Lang LaSalle Inc.    

                                *Exhibit 73:  Jones Lang LaSalle Inc. - Overview

                                *Exhibit 74:  Jones Lang LaSalle Inc. - Business segments

                                *Exhibit 75:  Jones Lang LaSalle Inc. - Key offerings

                                *Exhibit 76:  Jones Lang LaSalle Inc. - Segment focus

                **10.9 Medxcel Facilities Management LLC         

                                *Exhibit 77:  Medxcel Facilities Management LLC - Overview

                                *Exhibit 78:  Medxcel Facilities Management LLC - Product and service

                                *Exhibit 79:  Medxcel Facilities Management LLC - Key offerings

                **10.10 Mitie Group Plc.             

                                *Exhibit 80:  Mitie Group Plc. - Overview

                                *Exhibit 81:  Mitie Group Plc. - Business segments

                                *Exhibit 82:  Mitie Group Plc - Key news

                                *Exhibit 83:  Mitie Group Plc. - Key offerings

                                *Exhibit 84:  Mitie Group Plc. - Segment focus

                **10.11 Serco Group Plc              

                                *Exhibit 85:  Serco Group Plc - Overview

                                *Exhibit 86:  Serco Group Plc - Business segments

                                *Exhibit 87:  Serco Group Plc - Key news

                                *Exhibit 88:  Serco Group Plc - Key offerings

                                *Exhibit 89:  Serco Group Plc - Segment focus

                **10.12 Sodexo Group 

                                *Exhibit 90:  Sodexo Group - Overview

                                *Exhibit 91:  Sodexo Group - Business segments

                                *Exhibit 92:  Sodexo Group - Key offerings

                                *Exhibit 93:  Sodexo Group - Segment focus

***11. Appendix                            

                **11.1 Scope of the report         

                                *11.1.1 ????Market definition

                                *11.1.2 ????Objectives

                                *11.1.3 ????Notes and caveats

                **11.2 Currency conversion rates for US$            

                                *Exhibit 94: ?Currency conversion rates for US$?

                **11.3 Research Methodology 

                                *Exhibit 95: ?Research Methodology

                                *Exhibit 96: ??Validation techniques employed for market sizing?

                                *Exhibit 97: ??Information sources

                **11.4 List of abbreviations        

                                *Exhibit 98: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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