Jun 15, 2021 (The Expresswire) -- Global Healthcare Facilities Management Market Report organizes across the globe into distinct portion based on industry standards. It also distinguishes the market based on geographical regions. The Healthcare Facilities Management report mainly throws light on dominant players in the regions of (North America, Europe, China, Japan, Latin America and India). Other regions can be added accordingly. Healthcare Facilities Management Market Report Focuses on the key global Healthcare Facilities Management manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in forecast period.
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The Healthcare Facilities Management Market report quantifies the market share held by the significant players of the industry and gives an in-depth view of the competitive landscape. This market is classified into different segments with a comprehensive analysis of each with respect to a geography for the research period.
Healthcare Facilities Management Market report offers a comprehensive view regarding the competitive landscape of the Healthcare Facilities Management market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding RandD investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The global healthcare facilities management market is expected to register a CAGR of about 13.5% during 2018-2023 (the forecast period). Owing to the growing demand for integrated and well-managed healthcare systems and increase in the number of prevalence of chronic diseases in the region, North America is dominating the market.
Growth in Healthcare Expenditure
Healthcare has become one of the leading sectors, owing to the increasing number of patients and healthcare expenditure by public as well as private players in healthcare systems. According the data published by the Centers for Medicare and Medicaid Services (CMS), the US healthcare expenditures rose from 5.3% in 2014 to USD 3 trillion, or USD 9,523 per person, accounting for about 17.5%t of the GDP. The market is growing at a tremendous pace, owing to growth in insurance coverage. The increasing number of patients has led to a growth in demand for the number of hospitals in emerging countries. This factor is likely to boost the healthcare facilities management market during forecast period. In addition, growth in patient pool, increase in medical tourism in emerging countries, and technological advancement in facilities management are also fuelling the healthcare facilities management market.
Gap between Providers and Payers
The wide gap between healthcare payers and management services providers, in terms of operation and availability of advanced healthcare facilities, and the high cost involved in the setup of streamline systems, coupled with the lack of technical expertise, and sufficient knowledge base, are likely to impede the growth of healthcare facilities management market in mid-tier and low tier hospitals.
North America to Dominate the Market
The healthcare facilities management market has been segmented on the basis of service type, end user, and geography. By geography, this market has been segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
North America dominates the healthcare facilities management market, due to the well-developed healthcare infrastructure and growth in healthcare spending in the region. Asia-Pacific is also expected to grow tremendously during forecast period, owing to the factors, such as the increase in disposable income, rising health awareness, changing attitude toward preventive healthcare, and the presence of huge patient pool. These factors are expected to boost the healthcare sector in emerging countries and augment the demand for healthcare facilities management services in Asia-Pacific.
Key Developments in the Market
December 2017: Ecolab Inc. acquired Arpal Group., based in Selkirk, Scotland, Arpal Group provides cleaning and sanitizing products and services in the United Kingdom and the Middle East.
January 2017: Aramark acquired AmeriPride Service Inc., which enabled Aramark to enhance its customer service.
Major Players: SIEGEL-GALLAGHER MANAGEMENT COMPANY, INC., JONES LANG LASALLE, ISS WORLD SERVICES A/S, ABM, ECOLAB USA INC., OCS GROUP, MEDXCEL FACILITIES MANAGEMENT, ARAMARK, VANGUARD RESOURCES, AND MITIE GROUP PLC, amongst others.
Reasons to Purchase this Report
Current and future global healthcare facilities management market outlook in the developed and emerging markets
Various perspectives of the market, with the help of Porterâ€™s five forces analysis
The segment expected to dominate the market
The region expected to witness the fastest growth rate during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Healthcare Facilities Management Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Healthcare Facilities Management.
Regional Market Analysis:
The Healthcare Facilities Management Market report includes Global and Regional market status and outlook 2021-2023. Further, the report provides break down details about each region and countries covered in the report. Identifying its sales, sales volume and revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East and Africa
Global Healthcare Facilities Management Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Growing research activities coupled with new product launches.
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High Opportunity in the Industry