The Worldwide Healthcare Facility Management Market is Projected to reach USD 9.5 Billion by 2028, at a CAGR of 6.8%

Published Date: 31-May-2022

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Healthcare Facility Management Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Healthcare Facility Management Market size is expected to reach $9.5 billion by 2028, rising at a Market growth of 6.8% CAGR during the forecast period.

The Off-site Market has shown growth rate of 8.2% during (2022 - 2028). The facility which is not located on the main industrial or commercial site is known as an off-site facility. Off-site facility management is concerned with waste management. The growth of this segment is due to the increasing expenditure on healthcare by various governments across the world.

The Post-acute segment is showcasing a CAGR of 7% during (2022 - 2028). Long-term care hospitals (LTCHs), inpatient rehabilitation facilities (IRFs), skilled nursing facilities (SNFs), and home health agencies are all examples of post-acute care settings. The American Hospital Association (AHA) encourages improved cooperation between conventional acute-care hospitals and post-acute providers in order to improve overall care quality and lower total health cost.

The Construction Services segment has acquired maximum revenue share in the Global Healthcare Facility Management Market by Service in 2021, thereby, achieving a Market value of $3,697 million by 2028. This is due to the significant spending on construction services like building repair, maintenance, construction, relocation, and remodeling. More construction work is in demand in order to build new hospitals and healthcare clinics.

The North America Market dominated the Global Healthcare Facility Management Market by Region in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $3.5 billion by 2028. The Europe Market is estimated to witness a CAGR of 6.4% during (2022 - 2028). Additionally, The Asia Pacific Market would exhibit a CAGR of 7.6% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/healthcare-facility-management-market/

The Market research report has exhaustive quantitative insights providing a clear picture of the Market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Market have been discussed in the report with the elaborated company profiles of 3M Company, CBRE GROUP, INC., GSH Group, Sodexo S.A., Medxcel Facilities Management, LLC, ISS Group, Johnson Controls International PLC, ABM Industries, Inc., and Fortive Corporation (Accruent).

Global Healthcare Facility Management Market Segmentation

By Location

  • On-site
  • Off-site

By Setting

  • Acute
  • Post-acute
  • Non-acute

By Service

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