Global healthcare facilities management market worth usd 515.31 billion by 2024 zion market research

New York, NY, Aug. 03, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Healthcare Facilities Management Market by Product (Hard Services [Plumbing & Air Conditioning Maintenance, Fire Protection Systems, Mechanical & Electrical Maintenance and Others] and Soft Services [Cleaning & Pest Control, Laundry, catering, Waste Management, Security and Others]) and by End-User (Hospital, Ambulatory Service Centers, Clinics, Long-Term Healthcare Facilities and Others) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global healthcare facilities management market was valued at approximately USD 211.07 billion in 2017 and is expected to generate revenue of around USD 515.31 billion by the end of 2024, growing at a CAGR of around 13.60% between 2018 and 2024.


Healthcare facilities management market is segmented into the service type and end user. On the basis of service type, healthcare facilities management market is segmented into hard services and soft services. Hard services segment is further segmented into protection systems, plumbing, air conditioning maintenance, mechanical & electrical maintenance, and others. Soft services segment is further sub-segmented into the laundry, waste management, laundry, security, cleaning & pest control, and others. The soft services segment dominated the market in 2017. In soft service segment, cleaning & pest control dominated the market due to the increasing awareness about the cleanliness required to avoid spreading of diseases and awareness regarding the need for controlling the contamination of the environment. The rise in demand for minimizing the energy cost and raising awareness for curtailing operating cost are some of the factors that are augmenting the growth of the hard services segment.

North America is anticipated to dominate the global market of healthcare facilities management in the forecast period. The robust healthcare infrastructure, rapid technological advancements in the U.S. and Canada, and the introduction of different technologies for healthcare facilities management is expected to fuel the growth of the market in this region. Rapid development in cloud-based systems and increase in the use of IoT (Internet of Things) is also expected to fuel the growth of healthcare facilities management market. Increase in the disposable income is also fueling the growth of the market. The lack of technical experts is expected to act as a restraint to the growth of the healthcare facilities management market in North America.

Browse the full "Healthcare Facilities Management Market by Product (Hard Services [Plumbing & Air Conditioning Maintenance, Fire Protection Systems, Mechanical & Electrical Maintenance and Others] and Soft Services [Cleaning & Pest Control, Laundry, catering, Waste Management, Security and Others]) and by End-User (Hospital, Ambulatory Service Centers, Clinics, Long-Term Healthcare Facilities and Others) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024 "report at https://www.zionmarketresearch.com/report/healthcare-facilities-management-market

Europe is anticipated to be a lucrative market for the healthcare facilities management. The rapid increase in investment in the healthcare industry and awareness about cleanliness are some of the factors fueling the growth of the market in Europe. Also, increase in chronic diseases which leads to development of the healthcare facilities drives the growth of the healthcare facilities management. Development of medical tourism and growth in the development of healthcare product & services anticipate fueling the growth of the healthcare facilities management market.

The Asia Pacific healthcare facilities management market anticipates growing strongly in the forecast period. The support initiated by the government for the development of healthcare coupled with the rapid development of the healthcare infrastructure in countries such as China and India, and the growing awareness about the need for the management of healthcare facilities are mainly expected to rapidly increase the demand for healthcare facilities management market. Also, the rapid increase in the spread of chronic diseases due to the lack of cleanliness is creating awareness among the government and institutes for the cleanliness. This also drives the growth of the market in the Asia Pacific.

The Middle East & Africa and Latin America regions are expected to show the least growth among the regions during the forecast period. Growing expenditure on healthcare and development in the infrastructure of healthcare is expected to fuel the growth of the healthcare market. Also, the rapid increase in development due to the investment of government is also fueling the growth of the market.

The main players involved in the global market of healthcare facilities management are ISS World Services A/S, Mitie Group Plc, Ecolab USA Inc., ABM, OCS Group, Jones Lang LaSalle, IP, Aramark, Founders3 Real Estate Services, Medxcel Facilities Management, Sodexo, Inc., Vanguard Resources, and Compass Group Plc. The companies are focusing on providing recent technologies and cost-effective services.

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.