Healthcare Facility Management Industry Poised for Significant Growth Through 2026

The industry will reach $8.3 billion by 2026.

By HFT Staff

The healthcare facility management industry is poised for significant growth and transformation in the near future. With the increasing complexity and demands of healthcare operations, there is a growing need for efficient and integrated management of healthcare facilities. Advanced technologies such as Internet of Things (IoT), artificial intelligence (AI) and data analytics are expected to play a key role in streamlining facility operations, optimizing resource utilization and enhancing patient experiences. These technologies can enable real-time monitoring of critical systems, predictive maintenance of equipment and intelligent decision-making for facility management.  

Additionally, the focus on patient-centered care and the emphasis on infection control and safety will drive the adoption of innovative solutions in healthcare facility management. This includes the implementation of smart building systems, energy management systems and automated processes to ensure the highest standards of safety, hygiene and patient comfort. The healthcare facility management industry is on the cusp of a digital transformation that will revolutionize the way healthcare facilities are managed, resulting in improved efficiency, cost-effectiveness and overall quality of care. 

Healthcare Facility Management market in terms of revenue was estimated to be worth $6.0 billion in 2021 and is poised to reach $8.3 billion by 2026, growing at a CAGR of 6.7 percent from 2021 to 2026 according to a latest report published by MarketsandMarkets. The increasing investments in healthcare infrastructure and the construction of healthcare facilities in the US, rising geriatric population, growing patient volume due to the rising prevalence of chronic diseases and COVID-19 and increasing healthcare expenditure are the major factors driving the growth of the US healthcare facilities management services market. 

May 15, 2023

Topic Area: Maintenance and Operations

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