The Healthcare Facilities Management Market is estimated to be valued at US$ 354,138.7 Mn in 2022 and is expected to exhibit a CAGR of 12.9% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: Healthcare facilities management involves the maintenance and management of healthcare premises, equipment, and services to ensure smooth operations in hospitals, clinics, and other healthcare facilities. It includes a range of services such as building maintenance, housekeeping, waste management, security, and compliance with regulatory standards. The market is driven by the increasing trend of outsourcing facilities management services in the healthcare sector and the growing emphasis on maintaining regulatory compliance to provide safe and secure healthcare environments. Healthcare facilities management helps healthcare providers focus on their core operations while ensuring optimal facility operations.
Market Dynamics: The growth of the healthcare facilities management market is primarily driven by two key factors. Firstly, the increasing demand for outsourcing facilities management services in the healthcare sector due to the cost-effectiveness and expertise offered by third-party providers. Outsourcing allows healthcare providers to focus on their core competencies while leaving the management of facilities to specialized service providers. Secondly, the rising focus on regulatory compliance in the healthcare industry is driving the demand for facilities management services. Healthcare facilities need to adhere to various regulatory standards to ensure patient safety and quality of care. Effective facilities management plays a crucial role in achieving and maintaining compliance with these standards.
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