Europe Healthcare Facilities Management Market

Europe Healthcare Facilities Management Market Size (2024 to 2029)

The healthcare facilities management market size in Europe is forecasted to be growing at a promising CAGR of 8.2% from 2024 to 2029 and be valued at USD 131.27 billion by 2029 from USD 88.49 billion in 2024.

The cloud-based deployment platform hosts the software and services platform from remote locations and can be accessed and used from anywhere globally, simply by being connected to the internet. In addition, multiple computers are accessible with the connection of an application, eliminating the need for multiple software installations. The low cost of implementation and easy accessibility to cloud data are the factors that have encouraged users to adopt cloud-based facility management solutions. The International Facilities Management Association (IFMA) defines facilities management as the practice that coordinates the physical workplace with people and the organization's work and encompasses various forms of activities such as equipment maintenance, planning space, and forecasting portfolios.

Outsourcing of facilities management continues to gain in popularity. Organizations assess their operating models to maximize value creation. However, before outsourcing facility management to third parties, they consider the appropriate mix of in-house outsourcing and outsourcing based on capacity, cost, and coverage. The trend is largely driven by increased demand for high-quality work experiences and lower operating costs. Moreover, the increased requirement for outsourcing is due to the higher cost of installing in-house facilities management and the complex task of managing a plethora of services.

In addition, increased investment in healthcare infrastructure and hygiene awareness in healthcare facilities are also one of the major factors in the growth of the healthcare facility management market. Furthermore, the rapid increase in technological developments in the health information technology sector will also ensure the industry's strong growth during the forecast period.

Older enterprise resource planning (ERP) software still ranks higher in large companies. Outsourcing solutions cannot be used as isolated solutions in the digital architecture of facilities. They often need to be integrated into ERP systems. Unfortunately, older ERP platforms don't see the workplace as valuable. In addition, companies are concerned about switching to Integrated Workplace Management (IWMS) or Computer-Aided Facilities Management (CAFM) software, and integration is difficult due to the complex functionality of most corporate software solutions. Other factors, such as lack of technical expertise and high cost associated with cleaning and disinfecting equipment, are expected to hamper the European market growth.

REGIONAL ANALYSIS

In Europe, Germany is expected to grow at a CAGR of around 4.9% during the forecast period. In Europe, more than 33% of integrated revenue is generated by the healthcare sector. Growing pressure on public budgets can disrupt health facilities, pushing service delivery towards decentralized delivery. Quality and specialized services can be obtained from the best healthcare provider and motivating consumers, from a cure-based delivery request to a prevention-based request. Increased funds for healthcare infrastructure and hygiene awareness in facilities favor the healthcare facility management market in Europe.

Unmet markets regions such as the UK, Sweden, and France offer attractive new market opportunities for providers of healthcare facility management services. These nations are experiencing the entry of small businesses into the market. In addition, the rapid growth of medical tourism in developing markets such as the Netherlands and Switzerland provides profitable markets for companies to invest in, and the growth of the healthcare facility management market in these countries is expected to flourish.

KEY PARTICIPANTS IN THE EUROPE HEALTHCARE FACILITIES MANAGEMENT MARKET

ABM Industries Inc., Medxcel Facilities Management, Ecolab Inc., Aramark Corporation, Vanguard Resources Inc., ISS World Services A/S, Serco Group plc, Mitie Group plc, Sodexo, OCS Group, and Siegel-Gallagher Management Company, Inc. are some of the notable players operating in the European healthcare facilities management market.

DETAILED SEGMENTATION OF THE EUROPE HEALTHCARE FACILITIES MANAGEMENT MARKET INCLUDED IN THIS REPORT

This research report on the European healthcare facilities management market has been segmented and sub-segmented based on the following categories

By Product

• Waste Management
• Security Services
• Catering Services
• Cleaning Services
• Technical Support Services
• Other Products

By End-User

• Hospitals and Clinics
• Long-term Healthcare Facilities
• Other End Users

By Country

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe