Healthcare Facilities Management Market is Estimated to Witness...

Healthcare Facilities Management Market is Estimated to Witness High Growth Owing to Advancement in AI and Analytics

Posted 2024-07-29 14:06:33

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Healthcare facilities management involves various services provided to manage hospitals and healthcare infrastructure efficiently. It includes non-core services like cleaning, security, catering, electrical and plumbing maintenance etc. Healthcare facilities require various equipment and technologies like MRI, CT scanners, ultrasound etc. for diagnosis and treatment. Advancement in technologies like artificial intelligence and analytics is optimizing healthcare infrastructure management. T

The global healthcare facilities management market was valued at US$ 354,138.7 Mn in 2022 and is forecast to reach a value of US$ 931,220.1 Mn by 2030 at a CAGR of 12.9% between 2023 and 2030.

Key Takeaways

Key players operating in the Healthcare Facilities Management are Sony, Samsung, OmniVision, ON Semiconductor, Canon, SK Hynix, STMicroelectronics, Panasonic, Teledyne Technologies, Hamamatsu Photonics, Infineon Technologies, ams, Himax Technologies, Gpixel, New Imaging Technologies, Sharp, Lite-On Technology Corporation, Winbond Electronics Corporation, Holst Centre/imec, Made-in-China.com. Advancement in imaging technologies like digital x-ray, ultrasound and endoscopy devices is driving the market growth. Key opportunities in the market include development of smart hospitals integrated with AI and IoT. Adoption of technologies like predictive maintenance and analytics is helping optimize infrastructure and equipment maintenance in healthcare facilities.

Market Drivers

Healthcare Facilities Management Market Demand Rising expenditure on healthcare infrastructure across the globe is a key driver for the market. Developed regions are increasingly investing in digitalizing and upgrading existing healthcare facilities. Growing burden of chronic diseases is also driving demand for improved healthcare facilities for diagnosis and treatment. Adoption of automated facilities management systems using AI is helping reduce costs and optimize resource utilization in hospitals. This is expected to significantly drive the healthcare facilities management market during the forecast period.

Current Challenges in Healthcare Facilities Management Market

The healthcare facilities management market is facing various challenges like rising costs of operation and maintenance activities amid increasing patient volumes, shortage of skilled workforce, compliance with complex regulatory norms and data privacy laws.

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