United States Healthcare Facilities Management Market By Service, By Application, By Product Type, and By Region, Competition Forecast and Opportunities, 2027

The United States healthcare facilities management market is expected to grow at a steady CAGR in the forecast period, 2023-2027. The increasing prevalence of chronic diseases, increasing healthcare expenditure, and adoption of advanced technologies by the healthcare sector are the major factors driving the demand for the United States healthcare facilities management market throughout the forecast period.

Growing healthcare Expenditure Drives the Market Demand

In the United States, the healthcare industry is among the prominent industry verticals due to private and public investments and the surge in the number of patients needing quality care services. The Centers for Medicare and Medicaid Services (CMS), projected the data that the national health spending to grow at an average annual rate of 5.4 percent for 2019-28 and to reach $6.2 trillion by 2028, and the health share of the economy to rise from 17.7 percent in 2018 to 19.7 percent in 2028. The growing healthcare spending is boosting the contribution from the healthcare sector to the country's GDP. Plans to construct a large number of hospitals and clinics by the leading authorities are expected to fuel the demand of the United States healthcare facilities management market for the next five years.

A rise in Demand for Cloud-based healthcare facilities Fuels the Market Growth

To improve the quality of services offered by healthcare facilities, the demand for modern technologically advanced solutions is accelerating the demand for cloud computing solutions. Healthcare facilities are increasingly adopting Cloud-based solutions as they offer higher flexibility and adaptability than the on-premises model. These solutions help increase security and reduce the occurrence of cyber threats and, therefore, are highly preferred among healthcare institutions. Cloud-based healthcare facility management bolsters the collaborations between teams and subsidiaries working in different remote locations, which significantly lowers the operational costs of organizations. The rise in the number of market players and the availability of innovative cloud-based healthcare facility management solutions are expected to create lucrative opportunities for the United States healthcare facilities management market in the next five years.

Advancements In Technology Support the Market Growth

High internet penetration and the proliferation of intelligent devices fuel the adoption of remote monitoring healthcare devices. Patients are becoming aware of the benefits of using advanced technologies and equipment providing high accuracy and effectiveness than conventional medical devices. The advent of devices capable of real-time tracking of medical equipment, collecting patient data via wearable devices, and effective inventory management using low-cost Bluetooth technology are expected to provide numerous growth avenues for the United States healthcare facilities management market in the next five years.

Market Segmentation

The United States healthcare facilities management market is segmented into service, application, product type, regional distribution, and company. Based on service, the market is divided into hard service and soft service. Based on application, the market is divided into hospitals, ambulatory service centers, clinics, long-term healthcare facilities, and others. Based on product type, the market is divided into security, catering, cleaning, support, and others. To analyze the market based on the region, the United States Healthcare Facilities Management market is studied in major regions namely the southern region, western region, mid-western region, and north-eastern region.

Market Players

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, are the major players operating in the United States healthcare facilities management market.

Report Scope

In this report, the United States healthcare facilities management market has been segmented into the 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 the United States healthcare facilities management market.

Available Customizations

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).