United States Healthcare Facilities Management Market, By Service (Hard Service, Soft Service), By Application (Hospitals, Ambulatory Service Centers, Clinics, Long-Term Healthcare Facilities, Others), By Product Type, and By Region, Competition Forecast and Opportunities, 2027

The United States healthcare facilities management market is anticipated to grow at a significant rate during the forecast period, 2023-2027. The market growth can be attributed to the increasing prevalence of chronic disorders and rising healthcare expenditure. Besides, the increasing adoption of advanced technologies by the healthcare sector is contributing to the growth of the United States healthcare facilities market.

Due to private and public investments and an increase in the number of patients in need of quality care services, the healthcare industry is one of the most prominent industry verticals in the United States. According to the Centers for Medicare and Medicaid Services (CMS), national healthcare spending is anticipated to grow at an average annual rate of 5.4% by 2028, reaching USD6.2 trillion, and the health share of the economy will rise to 19.7% by 2028. Growing healthcare spending is increasing the healthcare sector's contribution to the country's GDP. Leading authorities' plans to build a large number of hospitals and clinics are expected to fuel the market growth.

Growing demand for modern and technologically advanced solutions to improve the quality of services provided by healthcare facilities is accelerating the demand for cloud computing solutions. Cloud-based solutions are increasingly being used in healthcare facilities because they provide greater flexibility and adaptability than on-premises solutions. These solutions help to increase security and reduce the occurrence of cyber-threats, making them popular among healthcare institutions. Cloud-based healthcare facility management improves collaboration among teams and subsidiaries working in various remote locations, lowering organisations' operational costs significantly. The increased number of market participants and high availability of innovative cloud-based healthcare facility management solutions are expected to create lucrative growth opportunities for the healthcare facilities management market in the United States over the next five years.

The widespread use of the internet and the proliferation of intelligent devices is expected to drive the adoption of remote monitoring healthcare devices. Patients are becoming more aware of the advantages of using advanced technologies and equipment that are more accurate and effective than traditional medical devices. The introduction of devices capable of tracking medical equipment in real-time, collecting patient data via wearable devices, and effective inventory management using low-cost Bluetooth technology are expected to provide numerous growth avenues for the healthcare facilities management market in the United States over the next five years.

The United States healthcare facilities management market segmentation is based on service, application, product type, regional distribution, and company. Based on service, the market is divided into hard service and soft service. The soft service segment is expected to hold the largest share in the United States healthcare facilities management market due to their greater adoption in the workplace to make it more secure, pleasant, and efficient.

Key players operating in the United States facilities management market are Aramark Corporation, Compass Group plc, Ecolab, Inc., ISS World Services A/S, Jones Lang LaSalle, IP, Inc., Medxcel Facility Management, Mitie Group plc, OCS Group, Secro Group plc, Sodexo, Vanguard Resources, and CBRE Group, among others.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

Objective of the Study:

• To analyze the historical growth in the market size of the United States healthcare facilities management from 2017 to 2021.
• To estimate and forecast the market size of United States healthcare facilities management market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the United States healthcare facilities management market based on service, application, product type, region, and company.
• To identify the dominant region or segment in the United States healthcare facilities management market.
• To identify drivers and challenges for the United States healthcare facilities management market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the United States healthcare facilities management market.
• To identify and analyze the profiles of leading players operating in the United States healthcare facilities management market.
• To identify key sustainable strategies adopted by market players in United States healthcare facilities management market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of service providers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the service providers who could not be identified due to the limitations of secondary research. The publisher analyzed service providers and presence of all major players across the country.

The publisher calculated the market size of the United States healthcare facilities management market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United States healthcare facilities management market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

United States Healthcare Facilities Management Market, By Service:

• Hard Service
• Soft Service

United States Healthcare Facilities Management Market, By Application:

• Hospitals
• Ambulatory Service Centers
• Clinics
• Long-Term Healthcare Facilities
• Others

United States Healthcare Facilities Management Market, By Product Type:

• Security
• Catering
• Cleaning
• Support
• Others

United States Healthcare Facilities Management Market, By Region:

• South
• West
• Mid-West
• North-East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States healthcare facilities management market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.