Healthcare Facilities Management Market: By Hard Services (Mechanical and Electrical Maintenance, Plumbing and Air Conditioning Maintenance, Fire Protection Systems, and Fabric Maintenance), By Soft Services (Waste Management, Administrative Services, Cleaning, Laundry, and Catering), By End-User (Hospitals, Clinics, and Others), and Geography (North America, Latin America, Europe, Asia Pacific, Middle East and Africa)  

Healthcare Facilities Management Market size was valued at USD 283.8 billion in 2022 and is expected to reach a value of USD 600 billion by 2029, at a CAGR of 13.7% from 2023 to 2029. Healthcare facilities management Market is constantly needed to maintain a healthy and clean environment, it is achieved by proper planning and well-organized delivery of various functions. Facilities management helps in the professional management of services such as cleaning, catering, maintenance, and security. Healthcare facilities management imperative across hospitals and healthcare facilities to meet the regulatory standards. The worldwide healthcare facilities industry is predicted to grow significantly as a result of the COVID-19 pandemic. With an increase in the number of COVID-19 patients, an increase in the number of COVID-19 tests and treatments is expected, resulting in the production of massive amounts of medical waste. In addition, given the social separation, the administration of in-patient and out-patient services during the Pandemic is critical. In addition, maintaining good cleanliness is crucial in combating COVID-19 outbreaks. As a reaction to COVID-19, according to the Centers for Disease Control and Prevention (CDC), healthcare facilities must offer care for all patients in the safest manner possible for both patients and healthcare professionals. As a result of the considerations listed above, healthcare facility management is in high demand during the pandemic. Due to rising worldwide healthcare expenditures, an increase in the frequency of chronic diseases, and more medical tourism in emerging nations, the healthcare facilities management industry is expected to grow rapidly.

Recent Market Developments:

• In April 2021, Sodexo has acquired the award-winning MTS Health Limited to expand its business in the healthcare sector. The acquisition enables Sodexo to build on existing business in the USA and Asia Pacific regions, and MTS Healths wealth of technical knowledge and operational experience to enhance services for clients in the UK and Ireland.
• In January 2022, CBRE Group announced that it has acquired Building, a leading provider of occupancy planning and technology services, to meet growing occupier demand for holistic occupancy management services. Buildingi will fully integrate with the CBREs Occupancy Management team and initially transition to Buildingi from CBRE.