Cleaning and Pest Control to Be Most in Demand in Healthcare Facilities Management Market

The increasing prevalence of chronic diseases and the growing trend of medical tourism are creating a heightened demand for healthcare facilities management. With large hospitals, it becomes very difficult to manage all the cleaning, plumbing, maintenance of air conditioning, ensuring if fire protection systems are working properly, and waste management. Moreover, there are security and administrative services, fabric maintenance, electrical and mechanical maintenance that also needs looking after. If even a few of these tasks are not carried out properly, it could affect the reputation of the hospital, and cause severe infections to patients in case of unclean fabrics and improper waste disposal or could pose a risk to patient life if any of the electrical or mechanical devices are malfunctioning. Thus, there arises a serious need for healthcare facilities management.

As per the report by Transparency Market Research (TMR), the global healthcare facilities management market is flourishing and the market will expand at a CAGR of 13.4% between 2017 and 2025. The report further estimates that the global healthcare facilities management market will be worth US$577.92 bn by the end of 2025 after being evaluated at US$187.35 bn in 2016. 

Q. The market for which service type is expected to boom over the coming years and why?

Of the many soft services such as catering, cleaning and pest control, laundry, administrative services, waste management, and security, and hard services such as fire protection services,  mechanical and electrical maintenance, plumbing and air conditioning, and fabric maintenance, cleaning and pest control was most in demand in 2016. The need for contamination control at healthcare facilities is a predominant factor for the growth of the cleaning and pest control segment. Cleaning is necessary to maintain a healthy and hygienic atmosphere. The waste-management sub-segment is also estimated to witness a rapid growth in the coming years.  

Q. What will drive the growth of global healthcare facilities management market in the coming years?

The growth of the global healthcare facilities management market is boosted by the growing technological advancements and increasing support from governments across the globe. The emergence of cloud based solutions is expected to boost the market. The growing trend and demand for outsourcing services is another factor aiding the growth of the healthcare facilities management market. The growing adoption of internet of things is expected to open new opportunities of growth in the market. 

Q. Which will be the most lucrative regional market in the years to come?

Amongst regions such as North America, Asia Pacific, Europe, and the Rest of the World, it is anticipated that Europe and North America are most profitable. It is also estimated that a number of developing nations will prove to be lucrative markets for healthcare facilities management. The developing nations are increasingly witnessing robust healthcare infrastructure and this will fuel the demand for healthcare facilities management. Asia Pacific with many emerging nations is estimated to be the fastest growing regional segment in the healthcare facilities management market. Increasing medical tourism is another factor boosting the market in this region.


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