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May 10, 2020, 5:08 p.m. EDT

Health Facilities Management Market to See Massive Growth by 2025: ABM Industries Inc., Aramark Corporation, Compass Group plc, Ecolab, Inc., Mitie Group plc, OCS Group, Secro Group plc, Sodexo

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May 10, 2020 (AB Digital via COMTEX) -- Health Facilities Management Market is valued at USD 189.25 Billion in 2018 and expected to reach USD 436.48 Billion by 2025 with the CAGR of 12.68% over the forecast period.

Health facilities management enables the cleanliness, saves money and provides employee safety and improves productivity. A non profit organization or private organization that render asset and facility management services to the healthcare industry which includes medical wards, sickness bays, healthcare facilities, hospital premises, medical equipment and medicine storage areas. Healthcare facilities management is important for healthcare facilities to safeguard service requests are provided efficiently to maintain operations without obstacles. Medical facilities management helps to reduce loss to the hospitals as they support in saving time, efforts and workforce. The health management facilities are strengthening the relationship between hospitals and patients.

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Health facilities management market is segmented on the basis of service type, end users and by region. Based on service type the market is segmented into Stand-alone Systems and Integrated Systems. Based on end users the market is segmented into hospitals, clinic and other.

Key Players for Health Facilities Management Market Reports–

Key players of the health facilities management market are ABM Industries Inc., Aramark Corporation, Compass Group plc, Ecolab, Inc., ISS World Services A/S, Jones Lang LaSalle, IP, Inc., Manutencoop Facility Management S.p.A. (MFM), Medxcel Facility Management, Mitie Group plc, OCS Group, Secro Group plc, Sodexo, Vanguard Resources, and UEM Edgenta Berhad and others.

News: Aramark Announced Agreement for Sale of Healthcare Technologies Business to TRIMEDX

On 17th September, 2018; Aramark announced that it has signed a definitive agreement to sell its Healthcare Technologies (HCT) business for USD 300 million to TRIMEDX. Aramark’s Healthcare Technologies is based in Charlotte, NC, is one of the leading providers of healthcare technology services in North America, offering innovative management programs for clinical equipment at more than 500 hospital and healthcare facilities.

The regions covered in this health facilities management market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of health facilities management market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

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Health Facilities Management Market Segmentation –

By Service Type:

Stand-alone Systems, Integrated Systems

By End Users:

Hospitals, Clinic, Other

Health Facilities Management Market Dynamics:

Increasing demand for community based healthcare centers to deliver better patient outcomes, rise in prevalence of chronic diseases and growing aging population are the key factors supporting the growth of health facilities management market within the forecast period. The growing prevalence of chronic related diseases like diabetes, cancer, Asthma as well as the new building designs to promote good care service, ensure safety and hygiene for patients are some key factors leading to an increased demand for this market. For example; around 133 million Americans with 45% of the population have at least one chronic disease. Furthermore, increasing need for improving health facilities can help to coordinate patients’ room data, medical facilities, building equipment, security, cleanliness and maintenance. Many healthcare organizations are moving to a facility management in an effort to better manage costs, respond to regulatory requirements, and support quality of health services. However, highly skilled facility managers are needed to manage the healthcare service may hamper the growth of this market.

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