Soft Services Type to Drive Healthcare Facilities Management Market to US$ 577.92 Bn by 2025

Asia Pacific dominated the healthcare facilities management market in 2016, and is expected to be the fastest growing segment during the forecast period. The dominance of Asia Pacific in healthcare facilities management market is attributed to the low labor cost of outsourcing services, increasing populations and investment by government into healthcare sectors in specific countries like China, India and others. The market in Asia Pacific is further expected to expand at a considerable rate during the forecast period and anticipated to lead the global healthcare facilities management market till 2025.

The global Healthcare Facilities Management Market is expected to reach a value of US$ 577.92 Bn by 2025. The market is projected to expand at a CAGR of 13.4% during the forecast period from 2017 to 2025. Healthcare facilities management is a professional managed services focusing on delivering efficient and effective services to healthcare organizations. These services ensures the integrations of process, place, systems, technology and people. The high adoption ratio of outsourced services is driving the healthcare facilities management market globally.

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Of the soft service type segment that comprises of cleaning and pest control, laundry, catering, waste management, security, and others (administrative services, etc.), cleaning and pest control holds the majority revenue share in the global healthcare facilities management market. Cleaning is core healthcare facilities services that results in building a healthy and hygienic atmosphere for the patients. As result of this, the demand for hygienic and cleaning medical processes has led to the adoption of healthcare facilities management services in healthcare applications. Therefore, cleaning and pest control is expected to consistently dominate the healthcare facilities management market during the forecast period. Apart from cleaning and pest control, catering, laundry and others which include administrative services, and others are also expected to contribute significant market share during the forecast period. However, the waste management and security segment is anticipated to expand at a relatively faster rate than Laundry segment.

The hard services type segment is not only expected to contribute major revenue share in the global healthcare facilities management market but projected to expand at a significant pace during the forecast period from 2017 to 2025. Rising demand for reduced energy costs and operating cost related to healthcare activities, and their maintenance across the world have resulted in the growth of the healthcare facilities management market. In addition, prominent government regulations on energy and waste management are also driving the demand for healthcare facilities management services. However, under hard services segment plumbing, air conditioning maintenance is expected to contribute significant share to the overall healthcare facilities management market. The healthcare facilities management companies are developing their strategies to enhance the quality and standard of healthcare services.

The company profiling of key players profiled in the global healthcare facilities management market includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2014 to 2016. The key players profiled in the global healthcare facilities management market include Jones Lang LaSalle, IP, Inc., Founders3 Real Estate Services, Compass Group PLC, Mitie Group PLC, ABM, OCS Group, Medxcel Facilities Management, Aramark, Sodexo, Ecolab USA Inc., Vanguard Resources and ISS World Services A/S,. Other players such as Manutencoop Facility Management S.p.A and Serco Group Plc. have also been included in the report.

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Name: Rohit Bhisey
Organization: Transparency Market Research

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