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Healthcare Facility Management Market by Service, (Hard Services (Fire Protection), Construction Services (Building, Repair), Energy Services (Energy Management)), Location (On Site, Off site), Settings (Acute, Post-acute, Non-acute) - US Forecast to 2026

Healthcare Facility Management Market by Service, (Hard Services (Fire Protection), Construction Services (Building, Repair), Energy Services (Energy Management)), Location (On Site, Off site), Settings (Acute, Post-acute, Non-acute) - US Forecast to 2026

The Healthcare Facility Management Market-US Forecast is projected to reach USD 8.3 billion by 2026 from USD 6.0 billion in 2021, at a CAGR of 6.7% during the forecast period. Growth in the Healthcare Facility Management Market-US Forecast is primarily driven by theincreasing 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. However, the maintenance challenges of healthcare facilities are expected to restrain the growth of this market during the forecast period.The Healthcare Facility Management Market-US Forecast is segmented based on location, service and setting.

“The on-site facility management segment accounted for the largest market share in theHealthcare Facility Management Market-US Forecast and is expected to grow at the highest CAGR during the forecast period.”

Based on the location, the Healthcare Facility Management Market-US Forecastis segmented into on site and off site facility management.In 2020, the on-site facility management segment accounted for the largest market share. This segment is projected to register the highest growth of during the forecast period. The growth in this segment can be attributed to the increasing demand for better health facilities and the increasing adoption of outsourcing facility management services. Moreover, a majority of healthcare facilities management services are efficiently performed on-site.

“Construction service segment account for the largest share of the Healthcare Facility Management Market-US Forecast in 2020.”

Based on services, the Healthcare Facility Management Market-US Forecast is segmented into construction services, hard services, and energy services. In 2020, the construction services segment accounted for the largest market share, owing to the high expenditure of construction services such as building repair, construction, maintenance, relocation, and renovation. The hard services segment, on the other hand, is expected to grow at the highest CAGR during the forecast period, owing to the increasing focus on healthcare HVAC, ventilation, and mechanical and electrical services and the integration of advanced technologies to perform these services.

“Acute setting account for the largest share of the Healthcare Facility Management Market-US Forecast in 2020. The post acute setting is expected to grow at the fastest CAGR.”

Based on settings, the Healthcare Facility Management Market-US Forecast is segmented into acute, post-acute, and non-acute settings. In 2020, the acute settings segment accounted for the largest market share. This can be attributed to the rising demand for high-end facility management services for acute care settings, which are large in area and are highly sophisticated facilities. The hard, energy, and construction services required for acute settings incur more expenditure than other settings, owing to the high cost and effort of maintenance of acute facilities.

The primary interviews conducted for this report can be categorized as follows:
•By Company Type -Tier 1: 49%, Tier 2: 35%,and Tier 3: 16%
•By Designation - C-level:37%, D-level:48%, and Others:15%

List of Companies Profiled in the Report
•Jones Lang LaSalle IP, Inc. (US)
•CBRE (US)
•Sodexo (France)
•ABM (US)
•ISS (Denmark)
•Medxcel (US)
•GSH Group (US)
•Accruent (US)
•Johnson Controls (Ireland)
•3M (US)
•Hospital Energy (US)
•Electro Industries/GaugeTech Inc. (US)
•BuildingLogiX (US)
•Energy Management Consulting (US)
•Neva Corporation (US)
•Monroe Mechanical, Inc. (US)
•Torcon (US)
•U.S. Engineering Company Holdings (US).

Research Coverage:
This report provides a detailed picture of the Healthcare Facility Management Market-US Forecast. It aims at estimating the size and future growth potential of the market across different segmentssuch aslocation, service and setting.
The report also analyzes factors (such as drivers, restraints, opportunities and challenges) affecting market growth. It evaluates the opportunities in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micromarkets with respect to their growth trends, prospectsand contributions to the total Healthcare Facility Management Market-US Forecast. The report forecasts the revenue of the market segments with respect in the US.

Reasons to Buy the Report:
The report provides insights on the following pointers:
•Market Penetration: Comprehensive information on healthcare facilities management services offered by the top 18 players in the Healthcare Facility Management Market-US Forecast. The report analyses the Healthcare Facility Management Market-US Forecast by location, service and setting.
•Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various healthcare facilities management services across the US.
•Market Diversification: Exhaustive information about new services, recent developments, and investments in the Healthcare Facility Management Market-US Forecast.
•Competitive Assessment: In-depth assessment of market ranking and strategies of the leading players in the Healthcare Facility Management Market-US Forecast.
Table of Contents

1INTRODUCTION13
1.1OBJECTIVES OF THE STUDY13
1.2MARKET DEFINITION14
TABLE 1DEFINITIONS OF THE SEGMENTS COVERED IN THE REPORT14
TABLE 2INCLUSIONS & EXCLUSIONS OF THE STUDY17
1.3MARKET SCOPE18
1.3.1MARKETS COVERED18
1.3.2YEARS CONSIDERED FOR THE STUDY19
1.3.3CURRENCY19
1.3.4EXCHANGE RATES UTILIZED FOR THE CONVERSION TO USD19
TABLE 3EXCHANGE RATES UTILIZED FOR THE CONVERSION TO USD19
1.4STAKEHOLDERS20
2RESEARCH METHODOLOGY21
2.1RESEARCH DATA21
FIGURE 1US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET: RESEARCH DESIGN21
2.1.1SECONDARY DATA22
2.1.1.1Key data from secondary sources23
2.1.2PRIMARY DATA23
FIGURE 2PRIMARY SOURCES24
2.1.2.1Key data from primary sources25
2.1.2.2Key industry insights26
FIGURE 3BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE AND DESIGNATION26
2.2MARKET SIZE ESTIMATION27
FIGURE 4US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET – REVENUE SHARE ANALYSIS ILLUSTRATION: ISS28
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE): COLLECTIVE REVENUE OF US HEALTHCARE FACILITIES MANAGEMENT SERVICES29
FIGURE 6CAGR PROJECTIONS30
FIGURE 7TOP-DOWN APPROACH31
2.3MARKET BREAKDOWN AND DATA TRIANGULATION31
2.3.1SECONDARY DATA31
2.3.2PRIMARY DATA32
FIGURE 8DATA TRIANGULATION METHODOLOGY33

2.4MARKET SHARE ANALYSIS34
2.5ASSUMPTIONS FOR THE STUDY34
2.6INDICATORS AND ASSUMPTIONS AND THEIR IMPACT ON THE STUDY34
2.6.1COVID-19-SPECIFIC ASSUMPTIONS35
2.7LIMITATIONS35
2.8RISK ASSESSMENT36
TABLE 4RISK ASSESSMENT36
2.9COVID-19 ECONOMIC ASSESSMENT36
2.10ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO36
FIGURE 9CRITERIA IMPACTING THE US ECONOMY37
3EXECUTIVE SUMMARY38
FIGURE 10US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET,
BY LOCATION, 2021 VS. 2026 (USD BILLION)38
FIGURE 11US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET, BY SERVICE, 2021 VS. 2026 (USD BILLION)39
FIGURE 12US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET, BY SETTING, 2021 VS. 2026 (USD BILLION)39
4PREMIUM INSIGHTS41
4.1US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET OVERVIEW41
FIGURE 13CONSTRUCTION OF HEALTHCARE FACILITIES AND THE GROWING PATIENT VOLUME ARE DRIVING THE DEMAND FOR HEALTHCARE FACILITIES MANAGEMENT SERVICES IN THE US41
5MARKET OVERVIEW42
5.1INTRODUCTION42
5.2MARKET DYNAMICS42
TABLE 5MARKET DYNAMICS: IMPACT ANALYSIS42
FIGURE 14US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES43
5.2.1MARKET DRIVERS43
5.2.1.1Increasing investments in healthcare infrastructure and the construction of healthcare facilities in the US43
5.2.1.2Rising geriatric population44
FIGURE 15NUMBER OF PERSONS AGED 65 AND OLDER, 1900-2060 (MILLION)45
5.2.1.3Increasing patient volume due to the rising prevalence of chronic diseases and COVID-1945
5.2.1.4Increasing healthcare expenditure46
FIGURE 16UNITED STATES: HEALTHCARE EXPENDITURE, 201946
5.2.2MARKET RESTRAINTS47
5.2.2.1Maintenance issues of healthcare facilities47
5.2.3MARKET OPPORTUNITIES47
5.2.3.1Integration of AI and IoT in healthcare facilities47

5.2.4MARKET CHALLENGES48
5.2.4.1High competition in the market48
5.3COVID-19 IMPACT ON THE US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET48
5.3.1COVID-19 IMPACT ON CERTAIN COMPANIES AND THE INCREASING POTENTIAL OF MARKET PLAYERS IN THE COMING YEARS49
5.3.2COVID-19 IMPACT ON HEALTHCARE FACILITIES SUCH AS HEALTHCARE INFRASTRUCTURE AND THEIR CONSTRUCTION49
5.3.2.1Rising funding for the construction of hospitals in the US49
5.3.2.2Initiatives taken by healthcare facilities in the US50
5.4ECOSYSTEM ANALYSIS51
FIGURE 17ECOSYSTEM ANALYSIS: US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET51
5.5PORTER’S FIVE FORCES ANALYSIS51
5.5.1THREAT OF NEW ENTRANTS51
5.5.2BARGAINING POWER OF SUPPLIERS52
5.5.3BARGAINING POWER OF BUYERS52
5.5.4INTENSITY OF COMPETITIVE RIVALRY52
5.5.5THREAT OF SUBSTITUTES52
5.6REGULATORY SCENARIO53
5.7PATENT ANALYSIS54
FIGURE 18LIST OF MAJOR PATENTS FOR US HEALTHCARE FACILITIES MANAGEMENT SERVICES54
TABLE 6INDICATIVE LIST OF US HEALTHCARE FACILITIES MANAGEMENT PATENTS55
6US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET,
BY LOCATION57
6.1INTRODUCTION58
TABLE 7US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET, BY LOCATION, 2019–2026 (USD MILLION)58
6.2ON-SITE FACILITY MANAGEMENT58
6.2.1INCREASING DEMAND FOR BETTER HEALTH FACILITIES TO DRIVE MARKET GROWTH58
6.3OFF-SITE FACILITY MANAGEMENT59
6.3.1OFF-SITE FACILITY MANAGEMENT SERVICES ARE PERFORMED AWAY FROM THE HEALTHCARE FACILITY59
7US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET, BY SERVICE60
7.1INTRODUCTION61
TABLE 8US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET, BY SERVICE, 2019–2026 (USD MILLION)61
7.2CONSTRUCTION SERVICES61
7.2.1CONSTRUCTION SERVICES TO DOMINATE THE MARKET DURING THE FORECAST PERIOD61
TABLE 9US HEALTHCARE FACILITIES MANAGEMENT CONSTRUCTION SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)62
7.2.2BUILDING CONSTRUCTION62
7.2.3BUILDING REPAIR AND MAINTENANCE, TESTING, AND INSPECTION62
7.2.4OTHER CONSTRUCTION SERVICES62
7.3HARD SERVICES63
7.3.1HARD SERVICES SEGMENT TO REGISTER THE HIGHEST GROWTH IN THE FORECAST PERIOD63
TABLE 10US HEALTHCARE FACILITIES MANAGEMENT HARD SERVICES MARKET,
BY TYPE, 2019–2026 (USD MILLION)63
7.3.2PLUMBING, AIR CONDITIONING, AND MAINTENANCE63
7.3.3FIRE PROTECTION64
7.3.4OTHER HARD SERVICES64
7.4ENERGY SERVICES64
7.4.1ENERGY SERVICES AID IN ENERGY OPTIMIZATION64
TABLE 11US HEALTHCARE FACILITIES MANAGEMENT ENERGY SERVICES MARKET,
BY TYPE, 2019–2026 (USD MILLION)65
7.4.2ENERGY MANAGEMENT65
7.4.3OTHER ENERGY SERVICES65
8US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET, BY SETTING67
8.1INTRODUCTION68
TABLE 12US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET, BY SETTING, 2019–2026 (USD MILLION)68
8.2ACUTE SETTINGS68
8.2.1ACUTE SETTINGS REQUIRE HIGH-END SERVICES FOR FACILITY MANAGEMENT68
TABLE 13US ACUTE HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET,
BY TYPE, 2019–2026 (USD MILLION)69
8.2.2SHORT-TERM ACUTE & CRITICAL ACCESS HOSPITALS69
8.2.3CHILDREN’S HOSPITALS69
8.2.4ACADEMIC MEDICAL CENTERS70
8.2.5MILITARY TREATMENT FACILITIES70
8.2.6AMBULATORY SURGERY CENTERS70
8.3POST-ACUTE SETTINGS71
8.3.1POST-ACUTE SETTINGS SEGMENT TO REGISTER THE HIGHEST GROWTH IN THE MARKET71
TABLE 14US POST-ACUTE HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)71
8.3.2SKILLED NURSING FACILITIES71
8.3.3LONG-TERM ACUTE FACILITIES72
8.3.4OTHER POST-ACUTE SETTINGS72

8.4NON-ACUTE SETTINGS73
8.4.1NON-ACUTE SETTINGS SERVE PATIENTS FOR LONG-TERM HEALTH TREATMENT73
TABLE 15US NON-ACUTE HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)73
8.4.2PHYSICIANS’ OFFICES & CLINICS73
8.4.3OTHER NON-ACUTE SETTINGS73
9COMPETITIVE LANDSCAPE74
9.1OVERVIEW74
9.2KEY PLAYER STRATEGIES/RIGHT TO WIN74
9.2.1OVERVIEW OF THE STRATEGIES ADOPTED BY THE KEY PLAYERS IN THE US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET74
9.3REVENUE ANALYSIS75
FIGURE 19REVENUE ANALYSIS OF KEY PLAYERS IN THE US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET76
9.4MARKET SHARE ANALYSIS76
FIGURE 20US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET SHARE ANALYSIS, 202077
TABLE 16US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET: DEGREE OF COMPETITION77
9.5COMPANY EVALUATION QUADRANT78
9.5.1STARS78
9.5.2EMERGING LEADERS78
9.5.3PARTICIPANTS79
9.5.4PERVASIVE PLAYERS79
FIGURE 21US HEALTHCARE FACILITIES MANAGEMENT SERVICES MARKET: COMPANY EVALUATION QUADRANT, 202079
9.6COMPETITIVE BENCHMARKING80
9.6.1COMPANY SERVICES FOOTPRINT80
9.6.2COMPANY REGIONAL FOOTPRINT81
9.6.3COMPANY FOOTPRINT82
9.7COMPETITIVE SCENARIO AND TRENDS82
9.7.1DEALS82
TABLE 17DEALS, JANUARY 2018–FEBRUARY 202283
9.7.2SERVICE LAUNCHES84
TABLE 18SERVICE LAUNCHES, JANUARY 2018–FEBRUARY 202284
9.7.3OTHER DEVELOPMENTS85
TABLE 19OTHER DEVELOPMENTS, JANUARY 2018–FEBRUARY 202285

10COMPANY PROFILES86
(Business Overview, Services, Key Insights, Recent Developments, MnM View)*
10.1JONES LANG LASALLE IP, INC.86
TABLE 20JONES LANG LASALLE, IP, INC.: BUSINESS OVERVIEW86
FIGURE 22JONES LANG LASALLE IP, INC.: COMPANY SNAPSHOT (2020)87
10.2CBRE89
TABLE 21CBRE: BUSINESS OVERVIEW89
FIGURE 23CBRE: COMPANY SNAPSHOT (2020)90
10.3SODEXO93
TABLE 22SODEXO: BUSINESS OVERVIEW93
FIGURE 24SODEXO: COMPANY SNAPSHOT (2021)94
10.4ABM97
TABLE 23ABM: BUSINESS OVERVIEW97
FIGURE 25ABM: COMPANY SNAPSHOT (2021)98
10.5ISS101
TABLE 24ISS: BUSINESS OVERVIEW101
FIGURE 26ISS: COMPANY SNAPSHOT (2020)102
10.6JOHNSON CONTROLS105
TABLE 25JOHNSON CONTROLS: BUSINESS OVERVIEW105
FIGURE 27JOHNSON CONTROLS: COMPANY SNAPSHOT (2021)106
10.7ACCRUENT109
TABLE 26ACCRUENT: BUSINESS OVERVIEW109
10.8MEDXCEL111
TABLE 27MEDXCEL: BUSINESS OVERVIEW111
10.9GSH GROUP113
TABLE 28GSH GROUP: BUSINESS OVERVIEW113
10.10OTHER PLAYERS115
10.10.13M115
TABLE 293M: COMPANY OVERVIEW115
10.10.2HOSPITAL ENERGY116
TABLE 30HOSPITAL ENERGY: COMPANY OVERVIEW116
10.10.3ELECTRO INDUSTRIES/GAUGETECH INC.117
TABLE 31ELECTRO INDUSTRIES/GAUGETECH INC.: COMPANY OVERVIEW117
10.10.4BUILDINGLOGIX117
TABLE 32BUILDINGLOGIX: COMPANY OVERVIEW117
10.10.5ENERGY MANAGEMENT CONSULTANTS, INC.118
TABLE 33ENERGY MANAGEMENT CONSULTANTS, INC.: COMPANY OVERVIEW118
10.10.6NEVA CORPORATION118
TABLE 34NEVA CORPORATION: COMPANY OVERVIEW118
10.10.7MONROE MECHANICAL, INC.119
TABLE 35MONROE MECHANICAL, INC.: COMPANY OVERVIEW119

10.10.8TORCON119
TABLE 36TORCON: COMPANY OVERVIEW119
10.10.9U.S. ENGINEERING COMPANY HOLDINGS120
TABLE 37U.S. ENGINEERING COMPANY HOLDINGS: COMPANY OVERVIEW120
*Details on Business Overview, Services, Recent Developments, MnM View might not be captured in case of unlisted companies.
11APPENDIX121
11.1INSIGHTS OF INDUSTRY EXPERTS121
11.2DISCUSSION GUIDE122
11.3KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL125
11.4AVAILABLE CUSTOMIZATIONS127
11.5RELATED REPORTS127
11.6AUTHOR DETAILS128

Report Title: Healthcare Facility Management Market by Service, (Hard Services (Fire Protection), Construction Services (Building, Repair), Energy Services (Energy Management)), Location (On Site, Off site), Settings (Acute, Post-acute, Non-acute) - US Forecast to 2026


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