The US healthcare facility management market is expected to grow at a significant rate during the forecast period 2023-2027, according to a recent report by Research and Markets.
The growth of the market can be attributed to the increasing prevalence of chronic diseases and increasing healthcare expenditure. Additionally, increasing adoption of advanced technologies by the healthcare industry is contributing to the growth of the healthcare facilities market in the United States. Along with these trends, there is a need to expand cleaning services and capabilities – with key manufacturers such as Ecolab and building services contractors (BSCs) including Aramark, Sodexo and Compass Group all looking to expand their presence in the market.
Due to private and public investments and the increase in the number of patients in need of quality care services, the healthcare industry is one of the largest vertical industries in the United States. According to the Centers for Medicare and Medicaid Services (CMS), national health care spending is expected to grow at an average annual rate of 5.4% by 2028, reaching US$6.2 trillion, and health care’s share of the economy will grow to 19.7% by 2028. 2028.
Growth in health expenditure increases the contribution of the health sector to the country’s GDP. The plans of major authorities to construct a large number of hospitals and clinics are expected to fuel the growth of the market. The growing demand for modern and technologically advanced solutions to improve the quality of services provided by healthcare institutions is accelerating the demand for cloud computing solutions. Cloud-based solutions are increasingly used in healthcare facilities because they offer greater flexibility and adaptability than on-premises solutions.
These solutions help increase security and reduce the occurrence of cyber threats, making them popular among healthcare institutions. Cloud-based healthcare facility management improves collaboration between teams and branches working in various remote locations, significantly reducing operational costs for organizations.
Increased number of market players and high availability of innovative cloud-based healthcare facility management solutions are expected to create lucrative growth opportunities for the US healthcare facility management market over the past five coming years. The widespread use of the Internet and the proliferation of smart devices are expected to drive the adoption of remote healthcare monitoring devices. Patients are increasingly aware of the benefits of using advanced technologies and equipment that are more precise and efficient than traditional medical devices.
The introduction of devices capable of tracking medical equipment in real time, collecting patient data via wearable devices and efficient inventory management using low-cost Bluetooth technology should provide many avenues. of growth for the healthcare facilities management market in the United States. next five years. The software services segment is expected to hold the largest share of the healthcare facility management market in the United States due to their greater adoption in the workplace to make it safer, enjoyable and efficient.
The full report can be accessed here.