Exhibiting a CAGR of 13.93% in 2022 – 2027, the healthcare facility management market will drive healthcare quality management and pharmaceutical waste management forecasts by Mordor Intelligence

Source- Mordor Intelligence

Hyderabad, Jan 24, 2023 (GLOBE NEWSWIRE) — Healthcare facility management has experienced a boom in many countries as there has been consistent growth in diagnoses and treatments due to the COVID-19 pandemic. To manage this, healthcare facility management service companies have provided care in the safest possible way for patients and healthcare workers in response to the COVID-19 outbreak. For example, in May 2021, Ecolab Inc. announced that it would provide cleaning and disinfection services and expertise for the vaccination site at the O2 Universum, part of the O2 Arena in Prague, the largest sports and events complex in central and eastern Europe. The site will provide vaccines for up to 7,000 people a day. This trend will continue to grow at a CAGR of 13.93% during 2022-2027.

In 2021, North America was the largest market for healthcare facilities, with a 39% revenue share in 2021, and is expected to witness a CAGR of 13.05%. The US, UK, France, Brazil, Russia, Germany and Japan constitute the largest markets for healthcare facility management. However, markets with growing medical tourism as well as the shifting trend towards using advanced technologies to maintain sustainability in workplaces, such as China and India, will emerge as major opportunities, as predicted by Mordor Intelligence.

“Cleaning services include a focus on decreasing the risk of healthcare-associated infections (HAI), increasing nurse and patient engagement, and embracing innovative technologies to drive productivity and quality assurance. It includes services such as sanitizing the patient’s room, renovating the floor and the room, and efficiently moving patient beds for admission. With the increasing launch of hospital chains around the world, it is expected that cleaning service management roles in healthcare facilities will be in high demand. For example, in June 2021, Mitie was awarded seven-and-a-half-year contracts to provide cleaning services for Lister Hospital and Hertford County Hospital, two of the East and North Hertfordshire NHS Trust hospitals. The contract is worth £4m a year and has an option to extend for up to two and a half years.”

The expansion of the market is anticipated to be aided by factors such as increasing reliance on technology, Internet of Things (IoT) adoption in hospitals, risk of security risks from rogue individuals, and increasing threats to sophisticated medical equipment from unauthorized parties. To meet the demands of patients and medical staff, security in hospitals has become crucial. Hospital management is responsible for identifying potential threats fully susceptible to any criminal activity in order to ensure well-being. Emergency rooms, outpatient departments (OPD), intensive care units and other health departments are among the vulnerable access zones protected by hospital security.

According to Mordor Intelligence, healthcare facilities generate a large amount of hazardous and non-hazardous waste on a daily basis. These wastes are generated as a result of the diagnosis and treatment of human and animal diseases. For example, according to the Central Pollution Control Board (CPCB), India generated nearly 28,468.85 tonnes of COVID-19 related biomedical waste from June to November 2020. Demand increases.

Healthcare facility administrators are critical in shaping how the public perceives a hospital. The role is rewarding as an HFM manager tries to facilitate the patient’s journey despite the various obstacles along the way. Hospital facility managers can streamline their workflow and improve patient care with the help of technology solutions.

This will create space for start-ups and players to seize growth opportunities in quality management in healthcare and pharmaceutical waste management

Opportunities can be seen in the major investments made by Mitie to provide cleaning, concierge and catering for patients and staff at John Radcliffe Hospital in Oxford, in November 2021, the contract is worth GBP 92.5 million over five years, with the opportunity to extend for up to 15 years at five-year intervals. The company will also install sensor technology to monitor movement, ensuring the busiest parts of the hospital are prioritized for cleaning, as well as the introduction of autonomous washer-dryer robots, freeing up staff time to focus on more specialized tasks such as sanitizing high-touch areas.

In June 2021, Norwalk Hospital announced an expansion that includes the construction of a seven-story pavilion in the southeast corner of the campus, along with renovations and upgrades to other areas of the hospital. Similarly, in July 2021, Niagara Health announced that it will register its upcoming South Niagara hospital with the International WELL Building Institute for WELL v2 certification. This certification will allow the hospital to measure and monitor the impact of buildings and structures on the health and well-being of occupants.

On Mordor’s Intelligence –

Mordor Intelligence is a consulting and market intelligence company. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to significantly change or impact market dynamics. Take a look at the Global Healthcare Facility Management Market Report or request a more customized report.

CONTACT: Company Name: Mordor Intelligence Private Limited Contact Person: Abhishek Email: [email protected] Phone: +1 617-765-2493 Address:5th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli City: Hyderabad State: Telangana 500008 Country: India
Exhibiting a CAGR of 13.93% in 2022 – 2027, the healthcare facility management market will drive healthcare quality management and pharmaceutical waste management forecasts by Mordor Intelligence

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