logo

Healthcare Facilities Management Market Size (2024 - 2029)

The healthcare facilities management market is projected to experience significant expansion, driven by increasing global healthcare expenditures and the rising prevalence of chronic diseases. The market's growth is further supported by the heightened demand for healthcare services and the need for sustainable management systems, a necessity underscored by the COVID-19 pandemic's impact on medical waste and healthcare infrastructure. Despite these growth drivers, challenges such as the disparity between healthcare providers and payers, along with insufficient investment in low-income regions, may hinder the market's potential.

Home Market Analysis Healthcare Research Health Services Research Healthcare Facility Management Research Healthcare Facility Management Market Market Size

Market Size of Healthcare Facilities Management Industry

Healthcare Facilities Management Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 441.76 Billion
Market Size (2029) USD 737.37 Billion
CAGR (2024 - 2029) 10.79 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Healthcare Facilities Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Healthcare Facility Management Market Analysis

The Healthcare Facilities Management Market size is estimated at USD 441.76 billion in 2024, and is expected to reach USD 737.37 billion by 2029, at a CAGR of 10.79% during the forecast period (2024-2029).

The Healthcare Facilities Management Market is undergoing rapid expansion, driven by multiple macroeconomic trends and key growth factors. These elements are reshaping the healthcare industry, propelling demand for specialized facilities management services that ensure efficient operations, safety, and compliance with regulatory standards.

Expanding Healthcare Ecosystem: The global healthcare sector is witnessing an unprecedented surge, with healthcare expenditures accounting for nearly 10% of global GDP. This increase in healthcare spending is stimulating demand for auxiliary services, including healthcare facilities management. As hospitals and clinics focus on improving operational efficiency, they are increasingly outsourcing non-core functions to specialized service providers, fueling the growth of the healthcare facilities management industry. These services enable healthcare providers to allocate more resources to medical care, enhancing both patient outcomes and operational performance.

Increase in Occurrence of Chronic Diseases: The global rise in chronic diseases is exerting significant pressure on healthcare systems, generating a growing demand for long-term care facilities and specialized healthcare management services. According to the World Health Organization, chronic diseases are responsible for 41 million deaths annually, representing 71% of all global deaths. Leading causes include cardiovascular diseases (17.9 million deaths annually), cancer (9.3 million), respiratory diseases (4.1 million), and diabetes (1.5 million). In the United States, six out of ten adults suffer from chronic diseases, with four out of ten having two or more chronic conditions. This healthcare burden is driving the need for extended hospital stays and specialized care facilities, consequently increasing the demand for comprehensive healthcare facilities management services to ensure quality care and streamlined operations.

Increasing Medical Tourism in Emerging Countries: Medical tourism is rapidly growing in emerging economies, opening new opportunities for the healthcare facilities management market. Countries like India, Thailand, and Mexico are becoming top destinations for international patients seeking high-quality, cost-effective care. According to the Medical Tourism Index, Singapore, Japan, and India are among the leading medical tourism destinations. India's medical tourism industry has seen substantial growth, with 859,000 foreign tourists arrived in the country as of March 2024, highlighting the robust demand for its healthcare services. This growth is fueling investment in healthcare infrastructure, creating a parallel demand for facilities management services to maintain high standards and support international patient care. Providers in this space must deliver services like multilingual support, cultural sensitivity, and luxurious amenities, making healthcare facilities management integral to the success of medical tourism.

Healthcare Facility Management Industry Segmentation

Healthcare facilities management is a professional management authority that generally focuses on delivering services and support systems to different healthcare organizations.

The Healthcare Facilities Management Market is segmented By product type, end-user and geography. By product type, the market is segmented into waste management, security services, catering services, cleaning services, technical support services, and other products. By end-user, the market is segmented into hospitals and clinics, long-term healthcare facilities, and other end-users. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above segments.

By Product Type
Waste Management
Security Services
Catering Services
Cleaning Services
Technical Support Services
Other Products
By End-user
Hospitals and Clinics
Long-term Healthcare Facilities
Other End-users
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
Need A Different Region Or Segment?
Customize Now

Healthcare Facilities Management Market Size Summary

The healthcare facilities management market is poised for significant expansion, driven by increasing global healthcare expenditures and the rising prevalence of chronic diseases. The COVID-19 pandemic has notably accelerated market growth by highlighting the critical need for efficient healthcare waste management systems, as the surge in medical waste from diagnostics and treatments strained existing infrastructures. This demand is further fueled by the growing medical tourism in emerging economies and the need for sustainable management systems in the post-pandemic era. The sector is witnessing substantial investments from both public and private entities, aiming to enhance patient care facilities in hospitals and clinics, thereby propelling market growth.

North America is expected to experience robust growth in healthcare facilities management, supported by its advanced healthcare infrastructure and technological advancements. The region's increasing geriatric population and the prevalence of chronic diseases are driving higher hospital admissions, which in turn boosts the demand for effective facilities management. The competitive landscape of the market features major players like ABM Industries Inc., Aramark Corporation, and Sodexo, who are focusing on integrating innovative technologies and cost-effective solutions to capture a larger market share. These dynamics, coupled with strategic acquisitions and partnerships, are set to further propel the market's growth trajectory over the forecast period.

Explore More

Healthcare Facilities Management Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growth in Healthcare Expenditures

      2. 1.2.2 Increase in Occurrence of Chronic Diseases

      3. 1.2.3 Increasing Medical Tourism in Emerging Countries

    3. 1.3 Market Restraints

      1. 1.3.1 Gap between Providers and Payers

      2. 1.3.2 Lack of Investment in Facilities Management in Low-income Countries

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 2.1 By Product Type

      1. 2.1.1 Waste Management

      2. 2.1.2 Security Services

      3. 2.1.3 Catering Services

      4. 2.1.4 Cleaning Services

      5. 2.1.5 Technical Support Services

      6. 2.1.6 Other Products

    2. 2.2 By End-user

      1. 2.2.1 Hospitals and Clinics

      2. 2.2.2 Long-term Healthcare Facilities

      3. 2.2.3 Other End-users

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Healthcare Facilities Management Market Size FAQs

The Healthcare Facilities Management Market size is expected to reach USD 441.76 billion in 2024 and grow at a CAGR of 10.79% to reach USD 737.37 billion by 2029.

In 2024, the Healthcare Facilities Management Market size is expected to reach USD 441.76 billion.

Healthcare Facility Management Market Report Snapshots

Healthcare Facility Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)