The Healthcare Facility Management Market-US Forecast is growing with the increasing investments into the healthcare infrastructure and healthcare facility construction projects in the US, the rising geriatric population base, increasing patient volume along with the rising prevalence of chronic diseases and infections (COVID-19), and their increasing healthcare expenditure. 

 

The growth of the Healthcare Facility Management Market-US Forecast has declined due to the sudden outbreak of the COVID-19 pandemic. In the first quarter of 2020, companies faced certain operational and logistic challenges due to the imposition of lockdowns. 

 

The chronic diseases such as diabetes, cardiovascular diseases and cancer are on rise across the country. The prevalence of infectious disease is also increasing at an alarming rate. The investments into the healthcare infrastructure to meet the increasing demand of the patients would push the growth of the market. 

 

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The maintenance of the healthcare facilities incurs immense cost. It also compels to follow struct regulatory rules and compliances. The facility also remains under the constant threat of vandalism and theft. 

 

The use of automation in healthcare energy management solutions is on the rise. Power quality is a critical need for hospitals and healthcare facilities. The AI and IoT would help in the energy optimization and the energy flow of the healthcare building.

 

The highly competitive nature of the market can pose major challenges. The market is highly competitive as there are numerous small and medium-sized enterprises that offer services having specialization in either energy, hard, or construction, or in combination. The presence of many players in the market has increased competition.   

 

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 massive expenditure related to the construction services for the healthcare buildings.