Technavio analyzes that the Healthcare Facilities Management Market is expected to grow at a CAGR of 9.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 92.9 billion.There are various factors that contribute to the growth of the market. The healthcare industry is witnessing a significant surge in the adoption of cloud-based facility management solutions. This trend is driven by the increasing demand for efficient, flexible, and cost-effective systems to manage the complexities of healthcare facility operations. Cloud technology enables real-time data access, remote monitoring, and automation of routine tasks, leading to improved patient care and operational efficiency. Additionally, cloud solutions offer scalability, seamless integration with other systems, and enhanced security features, making them an attractive option for healthcare organizations of all sizes.
In the healthcare industry, effective facilities management is crucial for delivering high-quality patient care in a safe and secure environment. This involves coordinating various aspects, including energy usage, digital platforms for patient scheduling and electronic health records, remote patient monitoring, robotic surgery, and cost-effective healthcare services. Compliance, security, and emergency planning are essential components of healthcare facilities management, ensuring a functional and dynamic healthcare environment. Medical professionals rely on these facilities to provide optimal care, while patients benefit from improved comfort and convenience. Agility and careful planning are essential to accommodate various healthcare scenarios, from outpatient appointments to lengthy inpatient procedures.
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Healthcare Facilities Management Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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In the dynamic healthcare landscape, managing physical infrastructure of facilities is crucial for optimal health and well-being of patients, particularly for the growing geriatric population. ROI-driven investments in advanced technologies like AI, IoT, and big data analytics are prioritized to improve patient safety, combat non-communicable and chronic diseases. Smart building technology, energy usage, digital platforms, and electronic health records are key areas of focus. Patient scheduling, energy management, and healthcare services are enhanced through AI and IoT. Healthcare facility construction, patient volume, and competitive nature necessitate efficient on-site and off-site facility management, construction services, and patent scrutiny.
The global environmental and facilities services market encompasses businesses offering solutions for waste management, facilities maintenance, and pollution control. According to Technavio, market size is determined by the consolidated revenue of these service providers. Key growth drivers include the increasing focus on sustainability and environmental stewardship, the expanding geriatric population, and the rising prevalence of non-communicable and chronic diseases, which prioritize health and well-being and patient safety in healthcare facilities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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