Healthcare Facilities Management Market Growth Accelerated by Increasing Disease Burden

 Effective facilities management helps in streamlining workflows, reducing overheads and improving patient experience. With rising disease prevalence worldwide due to changing lifestyles and green environment, the need for quality healthcare infrastructure and management services is growing.

The global Healthcare Facilities Management Market is estimated to be valued at US$ 458952.66 Bn in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Modernization of existing healthcare infrastructure is driving increased adoption of facilities management services. Digitization and automation solutions are helping streamline non-clinical processes with minimum human intervention. Technologies like IoT, AI and cloud computing are enabling remote monitoring of facilities parameters to ensure uninterrupted operations. This is improving quality of care delivery while cutting costs for healthcare providers. Greater focus on optimization and efficiency through customized facilities management solutions will continue shaping this high growth market in the coming years.

Segment Analysis

The Global Healthcare Facilities Management Market Size can be segmented based on service type and end-user. By service type, hard services dominate the market since they cover a wide range of services critical for maintaining healthcare infrastructure and assets. This includes plumbing and air conditioning maintenance, fire protection systems, and security and safety services. By end user, hospitals account for the largest share as they require comprehensive FMs services to ensure smooth daily operations. Factors like increasing healthcare infrastructure and regulatory standards for patient safety are driving demand from hospitals.

Key Takeaways

The global healthcare facilities management market is expected to witness high growth.

Regional analysis: North America currently dominates the market due to higher healthcare expenditures and stringent regulatory standards. However, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Rapidly developing healthcare infrastructure in China and India represents key opportunities.

Key players: Key players operating in the healthcare facilities management market are Sony, Samsung, OmniVision, ON Semiconductor, Canon, SK Hynix, STMicroelectronics, Panasonic, Teledyne Technologies, Hamamatsu Photonics, Infineon Technologies, ams, Himax Technologies, Gpixel, New Imaging Technologies, Sharp, Lite-On Technology Corporation, Winbond Electronics Corporation, Holst Centre/imec, Made-in-China.com. The market is highly competitive due to continuous entry of new startups developing innovative imaging solutions. Samsung and Sony lead the market owing to their diversified imaging product portfolios and global sales networks.

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