Introduction of novel technologies in healthcare facility management and rise in number of healthcare facilities are driving the demand for United States healthcare facilities management market in the forecast period, 2023-2027.
According to TechSci Research report, “Healthcare Facilities Management Market – United States Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the United States healthcare facilities management market is expected to grow at a rate of significant CAGR in the forecast period, 2023-2027. The rise in adoption of healthcare facilities management services by the end-user industries, increasing pharmaceutical companies, and growing demand for advanced healthcare solutions are the key factors driving the demand for the United States healthcare facilities management market.
Healthcare facilities management solutions are considered necessary as they manage the healthcare facilities, security, maintenance, and operations for the healthcare sector. It also takes care of all service requests and assets that can be managed swiftly without compromising the quality and productivity of the services provided to patients. Hospital facilities management solutions also ensure that all technical equipment, sterilization machines, medical facilities, and human and property resources are well-optimized to support the smooth functioning of the healthcare sector. Healthcare facilities management benefits includes availability and reliability of resources, safety and security of assets, affordable costs and enhanced mobility, and keeping track of maintenance costs.
Healthcare facilities provide add-on services to patients such as laundry, air conditioning, nurse-call, and other services to improve the overall patient experience, fueling the demand for effective management strategies. Also, the constant rise in outsourcing services by healthcare facilities to third-party professionals is expected to influence the demand for the United States healthcare facilities management market. Outsourcing services by hospitals, nursing homes, and clinics to lower the operational costs and let the hospitals focus on improving their core operations.
However, the high cost of cleaning and disinfecting equipment may restrain the market growth in the forecast period.
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The United States healthcare facilities management market is segmented into service, application, product type, regional distribution, and company. Based on service, the market is divided into hard service and soft service. Soft services are expected to hold the largest market share in the forecast period. Soft services make the workplace a better place by making it more secure, pleasant, and more efficient.
Based on application, the market is divided into hospitals, ambulatory service centers, clinics, long-term healthcare facilities, and others. Hospitals are leading the market in 2021 and are expected to maintain their dominance throughout the forecast period. The need to manage and provide quality healthcare services to all patients and create a safe environment to prevent exposure to information is driving the market demand. Healthcare facilities management solutions maintain the patient’s privacy, and coordinating the use of equipment and resources between people is further expected to bolster the demand for the United States healthcare facilities management market in the forecast period.
Based on product type, the market is divided into security, catering, cleaning, support, and others. Cleaning products account for significant market share and are expected to witness significant growth opportunities in the market period. Healthcare facilities produce a considerable amount of hazardous and non-hazardous waste daily. Waste generated is from animal and plant disease treatment or because of diagnosis. The hazardous waste needs to be adequately treated, posing health risks, and releasing toxic pollutants and pathogens into the environment. Thus, the healthcare facilities are focusing on maintaining the supply of cleaning products and adopting programs to manage healthcare wastes effectively.
Major market platers operating in the United States healthcare facilities management market are:
- Aramark Corporation
- Compass Group plc
- Ecolab, Inc.
- ISS World Services A/S
- Jones Lang LaSalle, IP, Inc.
- Medxcel Facility Management
- Mitie Group plc
- OCS Group
- Secro Group plc
- Sodexo
- Vanguard Resources
- CBRE Group
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“The surge in the adoption of automated guided vehicles in hospitals to enhance the patient’s convenience and comfort is expected to open growth opportunities for the United States healthcare facilities management market. Increase in the transformation of hospitals into smart hospitals coupled with the expansion of ICT infrastructure, including use of IoT devices, health facility management software is accelerating the adoption of healthcare facilities management solutions are expected to propel the United States healthcare facilities management market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Healthcare Facilities Management Market – United States Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Service (Hard Service, Soft Service), By Application (Hospitals, Ambulatory Service Centers, Clinics, Long-Term Healthcare Facilities, Others), By Product Type (Security, Catering, Cleaning, Support, and Others), and By Region”, has evaluated the future growth potential of United States healthcare facilities management market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States healthcare facilities management market.
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