Global Healthcare Facilities Management Market: Regional Insights
Based on geography, the global healthcare facilities management market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Among regions, North America is expected to gain highest share in the market over the forecast period owing to the rise in prevalence of chronic and infectious diseases, rise in number of hospitals and increasing hospital admissions, and robust healthcare infrastructure in the region. For instance, according to the American Hospital Association’s (AHA’s) statistics published in 2022, there are around 6,093 active hospitals in the United States. Moreover, with the growing geriatric population and increasing chronic diseases in the U.S., the demand or use of healthcare facility management services or solutions is also increasing rapidly.
Europe and Asia Pacific are also expected to witness substantial growth in the global healthcare facilities management market due to the increase in number of hospitals, rise in hospitalizations, rise in burden of chronic or infectious diseases, and rise in healthcare expenditure in these regions. For instance, the Government of India is planning to introduce a credit incentive programme worth Rs. 500 billion (US$ 6.8 billion) to boost the country’s healthcare infrastructure. According to the India Brand Equity Foundation (IBEF), the Indian hospital industry accounting for 80% of the total healthcare market, and is expected to reach around US$ 132 billion by 2023.
Figure 1. Global Healthcare Facilities Management Market Share (%), by Region, 2023
Healthcare Facilities Management Market Report Snapshots
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