The Asia Pacific Healthcare Facility Management Market would witness Market growth of 7.6% CAGR during the forecast period (2022-2028).
The Market for healthcare facility management services has been growing at a rapid pace in recent years. The healthcare sector has evolved from an absolutist focus on medical processes to a more diverse industry that places a higher priority on patient safety, utility, & wellness. As a result, healthcare facilities go above and above to make state-of-the-art rooms, beds, & storage systems, rather than simply incorporating the latest medical device or technology.
The provision of medical services, as well as the availability of add-on services like air conditioning, laundry, and nurse-call, has aided in the improvement of the healthcare sector's status. Plumbing and electrical repair are two of the most popular services in the healthcare management industry. The rise in the occurrence of chronic diseases has prompted the healthcare industry to make sure that multiple services are delivered properly. Healthcare facility management services have been more often used by private healthcare facilities. The expanding Market has been aided by the increased spending capacity of private healthcare units. Market demand has been fueled by the necessity for continuous innovations in the healthcare service fabric.
Hospitals increasingly outsource non-core medical activities to professional facilities management firms. Hospitals, nursing homes, & other healthcare institutions can save money by outsourcing facilities management services & concentrating on their core competencies. The Asia Pacific healthcare facility management Market is expanding as the healthcare industry outsources facility management services. Medical tourism's rapid rise in emerging nations like China and India offers corporations appealing investment prospects. China's health spending per capita in 2019 exceeded 20% of the OECD average, as per the Organization for Economic Cooperation & Development's (OECD) Health at a Glance. Over the forecast period, the Chinese healthcare facility management Market is expected to rise at a fast growth rate.
The China Market dominated the Asia Pacific Healthcare Facility Management Market by Country in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $739 million by 2028. The Japan Market is anticipated to grow at a CAGR of 6.9% during (2022 - 2028). Additionally, The India Market would experience a CAGR of 8.2% during (2022 - 2028).
Based on Location, the Market is segmented into On-site and Off-site. Based on Setting, the Market is segmented into Acute, Post-acute, and Non-acute. Based on Service, the Market is segmented into Construction Services, Energy Services, and Hard Services. Based on Construction Services Type, the Market is segmented into Building Construction, Building Repair, Maintenance, Testing, & Inspection, and Others. Based on Energy Services Type, the Market is segmented into Energy Management and Others. Based on Hard Services Type, the Market is segmented into Plumbing, Air Conditioning, & Maintenance, Fire Protection, Mechanical & Electrical Maintenance, and Others. Based on countries, the Market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Healthcare Facility Management Market is Projected to reach USD 9.5 Billion by 2028, at a CAGR of 6.8%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include 3M Company, CBRE GROUP, INC., GSH Group, Sodexo S.A., Medxcel Facilities Management, LLC, ISS Group, Johnson Controls International PLC, ABM Industries, Inc., and Fortive Corporation (Accruent).
By Location
By Setting
By Service
By Country
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