According to a 2024 survey, respondents from Switzerland had the most trust in their health system, with 61 percent of individuals trusting it to give them the best treatment. On the other hand, only nine percent of respondents in Hungary believed that they were provided with the best healthcare treatment.

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According to a 2024 survey, 64 percent of individuals from Switzerland assessed their healthcare quality received as very good or good, while only 12 percent of Hungarian respondents rated the healthcare quality they have access to as good or very good.

This horizontal bar chart displays hospital beds (per 1,000 people) by region using the aggregation average, weighted by population in Europe. The data is about countries.

This statistic displays the health care access and quality index rating in each European country in 2016. According to the data, Norway and Iceland have the best health care access and quality with a rating of 97, while with a index rating of 67 Moldova is regarded to be the worst.

As stated in the recently updated study by Fact.MR, the market for electronic health records (EHR) in Europe is projected to reach US$ 2.37 billion in 2024. Revenue from electronic health record solutions in the region is forecasted to increase at a CAGR of 4.3% to reach US$ 3.94 billion by the end of 2034.

Report Attribute	Detail
Electronic Health Record Demand in Europe (2024E)	US$ 2.37 Billion
Projected Market Value (2034F)	US$ 3.94 Billion
Demand Growth (2024 to 2034)	4.3% CAGR
Revenue from EHR Software (2024E)	US$ 1.66 Billion
Market Share of Hospitals (2034F)	28%
Market Value in Germany (2024E)	US$ 565.8 Million
Sales in United Kingdom (2034F)	US$ 871.7 Million
Key Companies Profiled	ChipSoft B.V.; Agfa-Gevaert Group; Epic Systems Corporation; Cambio; Medasys; Cerner Corporation; InterSystems Corporation; DXC Technology Company; Allscripts Healthcare, LLC.

Country-wise Insights

Attribute	Germany
Market Value (2024E)	US$ 565.8 Million
Growth Rate (2024 to 2034)	5.4% CAGR
Projected Value (2034F)	US$ 958.5 Million

Attribute	United Kingdom
Market Value (2024E)	US$ 459.2 Million
Growth Rate (2024 to 2034)	6.6% CAGR
Projected Value (2034F)	US$ 871.7 Million

Category-wise Insights

Attribute	EHR Software
Segment Value (2024E)	US$ 1.66 Billion
Growth Rate (2024 to 2034)	4.1% CAGR
Projected Value (2034F)	US$ 2.48 Billion

Attribute	Hospitals
Segment Value (2024E)	US$ 757.5 Million
Growth Rate (2024 to 2034)	3.8% CAGR
Projected Value (2034F)	US$ 1.1% Billion

The North America And Europe Medical Technology Market size was valued at USD 301.3 billion in 2023 and is projected to reach USD 645.54 billion by 2032, exhibiting a CAGR of 11.5 % during the forecasts period. North America and Europe medical technology are a vast sector with new innovations in devices, equipment, and solution in the diagnosis, monitoring, and treatment of medical conditions across healthcare facilities. This comprises medical imaging systems, diagnostics, therapies, surgeries, and, patient and health monitors. Application of medical technology extends across facilities consisting of hospitals and clinics, diagnostic centers, and home health care. Areas of use cover cardiovascular medicine, chemotherapy, neurological disorders, orthopedics, and diabetes among them. Some of the market trends seen today are that, there is more focus on inaccuracy diagnosing and a new move towards artificial intelligence and machine learning to determine the best treatment procedures, of use of wearable devices to monitor the health of the patient, wide use of the telemedicine solutions, emphasis on patient- centered care and precision medicine. North America and Europe dominate the market growth and innovation through the regulatory progresses, the advancement of digital health technologies, and partnerships of tech giants with healthcare organizations.

[xlsx] Stepdown cost accounting (SDCA) for estimating cost on hospitals network; [xlsx] Factor analysis for estimating hospital costs based on few operations variables. [xlsx] Cost Components and Care Modules approaches - results for each hospital of the network. [zip] Simulation-optimisation algorithm and models. [zip] Results from simulation-optimisation model.

The global academic medical center market is projected to expand at a CAGR of 11.38% over the forecast period (2023-2030), reaching a market value of $819.63 billion by 2030. This growth is driven by several factors, including the rising demand for personalized medicine, the increasing prevalence of chronic diseases, and the growing need for specialized healthcare services. The Asia-Pacific region is expected to witness the highest growth, with the market expanding at a CAGR of 13.78% during the forecast period. This growth is attributed to factors such as the increasing healthcare spending, the growing population, and the expanding healthcare infrastructure in the region. The key segments of the academic medical center market include academic level (undergraduate, graduate, postgraduate), hospital type (university teaching hospitals, community hospitals, private hospitals, public hospitals), focus area (clinical care, research, education), and funding source (government funding, university funding, private donations, patient revenue). The major players operating in the market include Mayo Clinic, University of Toronto, Faculty of Medicine, Johns Hopkins Hospital, Charité – Universitätsmedizin Berlin, University of California, San Francisco Medical Center, NYU Langone Health, University of Washington Medical Center, Cleveland Clinic, University of Oxford, Karolinska Institute, Stanford University Medical Center, University of Edinburgh, UCLA Medical Center, and Massachusetts General Hospital. These players have adopted strategies such as mergers and acquisitions, geographical expansion, and the development of new products and services to enhance their market presence. Recent developments include: , The Academic Medical Center (AMC) market is projected to expand significantly over the coming years, driven by factors such as rising demand for healthcare services, technological advancements, and increasing government initiatives to improve healthcare infrastructure., In 2023, the United States accounted for the largest share of the AMC market. The region's advanced healthcare system, strong research and development capabilities, and high healthcare expenditure are major factors contributing to its dominance., Other key markets include Europe and Asia-Pacific, which are also experiencing significant growth due to increasing demand for healthcare services and government initiatives to improve healthcare infrastructure., Recent news developments in the AMC market include the increasing adoption of telemedicine and digital health technologies, which enable remote patient monitoring and provide greater access to healthcare services., Additionally, there is a growing focus on precision medicine and personalized treatments, which are expected to drive demand for specialized medical centers and advanced diagnostic and treatment technologies., Academic Medical Center Market Segmentation Insights. Key drivers for this market are: Advanced research capabilities Personalized patient care Innovative treatment approaches Precision medicine Data-driven healthcare management . Potential restraints include: 1 Growing demand for specialized healthcare services 2 Technological advancements in medical diagnosis and treatment 3 Increasing collaborations between academia and industry 4 Government initiatives to support medical research and education 5 Rising healthcare costs and insurance coverage limitations .

This horizontal bar chart displays hospital beds (per 1,000 people) by title of the political leader using the aggregation average, weighted by population and is filtered where the continent is Europe. The data is about countries.

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Hospital Beds Market Size 2025-2029

The hospital beds market size is forecast to increase by USD 2.69 billion, at a CAGR of 9.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the rise in infectious diseases and the increasing number of medical emergencies. These factors have led to a heightened demand for advanced hospital beds that cater to the specific needs of patients. For instance, bariatric hospital beds are gaining popularity due to the increasing prevalence of obesity and related health issues. Similarly, intensive care unit (ICU) beds are in high demand due to the growing number of critical patients requiring constant monitoring and care. However, the high cost of automated hospital beds poses a significant challenge for market growth. These advanced beds come with advanced features such as adjustable heights, electric mattresses, and integrated technology for patient monitoring.
While these features offer numerous benefits, they also increase the cost of production and, subsequently, the price of the beds. This challenge may limit the adoption of automated hospital beds in some healthcare facilities, particularly in developing countries and low-income regions. Another challenge is the shortage of hospital beds, especially during outbreaks of infectious diseases. For instance, during the COVID-19 pandemic, many hospitals faced a shortage of beds, leading to overcrowding and an increased risk of infection transmission. To address this challenge, some companies have started producing modular and portable hospital beds that can be easily transported and set up in temporary hospitals or quarantine facilities. The demand for home healthcare services is also driving the market, as patients prefer to receive care

What will be the Size of the Hospital Beds Market during the forecast period?

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The market encompasses various product offerings, including those with remote bed control, chronic care support, and smart bed technology. Chronic care patients benefit from these advanced beds, which enhance healthcare efficiency and patient comfort. Recyclable materials and corrosion resistance are essential considerations for bed manufacturers, aligning with the industry's sustainability and cost optimization efforts. Data analytics plays a crucial role in hospital bed procurement, enabling supply chain management and clinical outcomes assessment. Lateral rotation and automatic bed turning features cater to acute care and long-term care settings, ensuring patient safety and improving sleep quality. Rental services offer flexibility for healthcare facilities, allowing them to adapt to changing patient needs while minimizing capital expenditures.
Wireless connectivity integration enables patient monitoring and data sharing, enhancing the overall quality of care. Patient safety remains a top priority, with material durability and clinical outcomes being key factors in bed selection. Smart bed technology, including automatic bed turning and home healthcare integration, further improves patient care and satisfaction. In the realm of hospital bed procurement, cost optimization and quality control are essential elements. Lease agreements provide an alternative financing option, enabling healthcare providers to access advanced bed technology while managing budgets effectively. Regardless of the specific market segment, the hospital beds industry continues to evolve, integrating the latest technology and trends to meet the unique needs of healthcare facilities and patients.

How is this Hospital Beds Industry segmented?

The hospital beds industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Manual beds
  Semi-automated beds
  Automated beds


Application

  Intensive care
  Acute care
  Home care


End-user

  Hospitals
  Home healthcare
  Elderly care facilities
  Ambulatory surgical centers


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The manual beds segment is estimated to witness significant growth during the forecast period. The market encompasses various product offerings, including manual and electric beds, bariatric beds, geriatric beds, ICU beds, operating room beds, and recovery room beds. Compliance with regulatory standards is a crucial factor in this market, ensuring easy cleaning, bedside rails, and fall prevention. Manual beds, the largest segment, remain po

The Europe Digital Health Market size was valued at USD 79.7 billion in 2023 and is projected to reach USD 326.17 billion by 2032, exhibiting a CAGR of 22.3 % during the forecasts period. Europe Digital Health Market covers solutions and platforms that incorporate information technology and communication technology into the provision of health care. They are telemedicine, electronic health record, wearable devices, mHealth apps, and distance monitoring devices. All these innovations are focused on the enhancement of health Care Service Delivery System, patients’ status, and Health organization management and operations in Europe. Some of its significant application include chronic disease management, remote consultation, pharma single pure medicine, and population health management applications. New tendencies in the European market are launching telehealth solutions, amendments of policies to integrate digital tools in health systems, rising investments in start-ups within healthcare technologies, and applying AI and data analytics to improve the decision-making process in healthcare and patients’ outcomes. Recent developments include: In November 2023, Bertelsmann Investments (BI) invested USD 5.4 million in Doccla, Europe’s top provider of virtual hospital platforms for tele-monitoring , In June 2023, Apple announced the launch of new health features in iOS 17, watchOS 10, and iPadOS 17. These features are intended to provide innovative tools to users, empowering them to take better care of their health. Two new features were introduced: one for mental health and the other for vision health. These tools enable users to access data that can help them better understand their health , In June 2023, Berlin-based healthtech Nelly has raised USD 16.1 million to enable a fully digital patient journey across Europe , In July 2022, Smith+Nephew launched an application called the WOUND COMPASS Clinical Support App. The app is designed to aid healthcare professionals in wound assessment and decision-making .

Snapshot img

The hospital foodservice equipment market has the potential to grow by USD 1.65 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.14%.

This hospital foodservice equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (primary cooking equipment, refrigeration, food preparation equipment, food holding and serving, and others) and geography (North America, APAC, Europe, South America, and MEA). The hospital foodservice equipment market report also offers information on several market vendors, including Ali Group Srl, Alto-Shaam Inc., Cambro Manufacturing Co., Duke Manufacturing, FUJIMAK Corp., HOSHIZAKI Corp., ITW Food Equipment Group, The Middleby Corp., The Vollrath Co. LLC, and Vanya Industrial Equipment among others.

What will the Hospital Foodservice Equipment Market Size be in 2021?

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Hospital Foodservice Equipment Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The expansions, upgrades, and renovations in hospital is notably driving the hospital foodservice equipment market growth, although factors such as concerns related to food safety may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hospital foodservice equipment market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

      The expansions, upgrades, and renovations in hospitals are key drivers augmenting the hospital foodservice equipment market growth.
      Many hospitals are planning to expand and renovate their infrastructure to meet the healthcare needs of the growing community.
      Hospitals focus more on serving the best food to the patients and employees of the hospitals, along with providing treatment.
      The number of hospitals is increasing worldwide, which will drive the demand for hospital foodservice equipment, as these hospitals need to provide food to the patients and staff. 




      Increasing focus on healthier and nutritious food is another important driver boosting the hospital foodservice equipment market growth.
      The hospitals and healthcare systems around the globe are trying to promote healthy lifestyles by revamping their food offerings.
      Nutrition is an integral part that would enhance the experience of the patients. The hospitals are aiming at improving the food quality that is being served to patients. This will lead to an increase in demand for foodservice equipment during the forecast period. 

This hospital foodservice equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Hospital Foodservice Equipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Ali Group Srl
Alto-Shaam Inc.
Cambro Manufacturing Co.
Duke Manufacturing
FUJIMAK Corp.
HOSHIZAKI Corp.
ITW Food Equipment Group
The Middleby Corp.
The Vollrath Co. LLC
Vanya Industrial Equipment

This statistical study of the hospital foodservice equipment market encompasses successful business strategies deployed by the key vendors. The hospital foodservice equipment market is fragmented and the vendors are deploying growth strategies such as providing innovative technologies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hospital foodservice equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Hospital Foodservice Equipment Market?

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46% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for hospital foodservice equipment market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

This data is taken from LG Inform (http://lginform.local.gov.uk Data Ref ID 27). It shows the delayed transfers of care, average weekly rate in Plymouth

Delayed transfers of care, average weekly rate - Final available dataset: fin_2008_09 This indicator measures the impact of hospital services (acute and non-acute) and community-based care in facilitating timely and appropriate discharge from all hospitals for all adults.

This measures the ability of the whole system to ensure appropriate discharge from hospital for the entire adult population, and is an indicator of the effectiveness of the interface between health and social care services.

This indicator shows the average weekly rate of delayed transfers of care from all NHS hospitals, acute and non-acute, per 100,000 population aged 18+.

A delayed transfer of care occurs when a patient is ready for transfer from a hospital bed, but is still occupying such a bed. This was previously reported as NI 131. Source name: Department of Health Collection name: Unify2 Data Collection - MSitDT

Polarity: Low is good

Polarity is how sentiment is measured "Sentiment is usually considered to have "poles" positive and negative these are often translated into "good" and "bad" sentiment analysis is considered useful to tell us what is good and bad in our information stream.

The Emergency Department Information System (EDIS) market is experiencing robust growth, projected to reach $1.03 billion in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 14.37% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing patient volumes in emergency departments necessitate efficient and streamlined workflows, pushing hospitals and healthcare providers to adopt EDIS solutions for improved patient care and operational efficiency. The rising adoption of electronic health records (EHRs) and the increasing focus on interoperability within healthcare systems further contribute to market growth. Furthermore, government initiatives promoting the digitization of healthcare records and the implementation of value-based care models are significantly impacting EDIS adoption. The shift towards cloud-based and Software-as-a-Service (SaaS) deployment models offers scalability and cost-effectiveness, attracting more healthcare organizations to invest in EDIS. However, the market faces challenges such as high initial investment costs, the need for extensive staff training, and concerns regarding data security and privacy. Despite these restraints, the long-term benefits of improved patient outcomes, reduced medical errors, and enhanced operational efficiency are expected to drive continuous market growth over the forecast period. The market is segmented by application (CPOE, clinical documentation, patient tracking, e-prescribing), deployment (on-premise, SaaS), software type (enterprise, best-of-breed), and end-user (small, medium, and large hospitals). North America currently holds a significant market share, driven by advanced healthcare infrastructure and high technology adoption rates, but the Asia-Pacific region is poised for substantial growth due to increasing healthcare spending and modernization efforts. The competitive landscape is characterized by a mix of established players like Allscripts, Cerner, and Epic Systems, alongside specialized vendors offering best-of-breed solutions. The market's future hinges on technological advancements such as artificial intelligence (AI) integration for improved diagnostics and predictive analytics, as well as the continued development of interoperable systems that facilitate seamless data exchange across different healthcare settings. The focus will remain on enhancing user experience, improving data security, and providing robust reporting and analytics capabilities. The ongoing evolution of healthcare regulations and data privacy standards will continue to shape the EDIS market, with vendors needing to ensure compliance and adapt to evolving industry best practices. Strategic partnerships and mergers and acquisitions are likely to be significant activities in this dynamic market, driving innovation and market consolidation. Recent developments include: In March 2022, HeartBeam, Inc. signed a Business Associate Agreement (BAA) and a Clinical Trial Agreement (CTA) with Phoebe Putney Health System to conduct a pilot study designed to evaluate HeartBeam's Emergency Department (ED) Myocardial Infarction (MI) software product., In January 2022, Aidoc signed a partnership with Novant Health. By incorporating Aidoc's AI platform, which includes seven FDA-cleared solutions for triage and notification of patients with acute medical conditions, Novant Health is taking proactive steps to improve patient outcomes and reduce emergency department (ED) length of stay amid resource constraints inflicted by the Omicron variant.. Key drivers for this market are: Rise in the Geriatric Population, Increasing Use Of Data-Driven Technologies; Increase in Number of Insured Population. Potential restraints include: Rise in the Geriatric Population, Increasing Use Of Data-Driven Technologies; Increase in Number of Insured Population. Notable trends are: Best of Breed (B.O.B.) Solutions are Anticipated to be the Dominant Segment in Software Type During the Forecast Period.

The global market for endoscope protective barrier covers is experiencing robust growth, projected to reach $140 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 6.4% from 2025 to 2033. This expansion is driven by several key factors. The increasing prevalence of endoscopic procedures across various medical specialties, including gastroenterology, urology, and ENT, fuels demand for protective barrier covers. Hospitals and ambulatory surgical centers (ASCs) are major consumers, prioritizing infection control and minimizing the risk of cross-contamination. Furthermore, stringent regulatory guidelines regarding sterilization and infection prevention in healthcare settings are bolstering adoption. The market is segmented by application (hospitals, ASCs, specialty clinics) and type (ENT endoscopes, flexible endoscopes, others), with flexible endoscopes currently dominating due to their widespread use in various procedures. Growth is anticipated across all regions, with North America and Europe leading initially due to established healthcare infrastructure and higher adoption rates. However, emerging markets in Asia-Pacific and the Middle East & Africa are expected to demonstrate significant growth potential in the coming years, driven by increasing healthcare spending and rising awareness of infection control best practices. The market's growth trajectory is influenced by several trends. Technological advancements in barrier cover materials, such as the development of more durable and biocompatible materials, are enhancing product performance and expanding application possibilities. Simultaneously, a focus on cost-effectiveness and efficient sterilization techniques is impacting product design and procurement strategies. Despite these positive trends, the market faces certain challenges. Price sensitivity among some healthcare providers and the presence of substitute sterilization methods could restrain market expansion. However, the overall growth outlook remains positive, given the escalating demand for infection control measures and the increasing volume of endoscopic procedures performed globally. Competition among established players and emerging manufacturers is expected to remain intense, driving innovation and potentially leading to further price reductions.

The size of the Healthcare 3D Printers Industry in Europe market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 15.40% during the forecast period. The healthcare 3D printer's industry has grown rapidly in Europe, based on increased technological advancements in 3D printing and the need for patient-specific treatments in healthcare. Currently used in nearly all applications, including prosthetics, implants, surgical planning, and even bioprinting, 3D printing or additive manufacturing is fast becoming ubiquitous in healthcare. It can offer very specialized medical equipment, models, and devices but is more accurate and cost-effective than regular ones. The European healthcare market for 3D printing receives considerable support also due to the government, funding, and communication between hospitals/clinics and technology companies. The leading countries on this are Germany, the UK, and the Netherlands, where most of their hospitals and research institutes have begun adopting 3D printing as part of their operations. The application of 3D printing by surgeons enables them to prepare complicated cases that can produce very accurate anatomical models. This has yielded various benefits since the more accurate surgeries result in reduced hours taken in operations. At the same time, with the production of individual prostheses and implants like custom knee joints or dental implants, this may be good for better results and comfort for patients. Recent developments include: July 2022: Sculpteo and Daniel Robert Orthopedic launched a Bio-sourced 3D printed device. The collaboration will produce orthopedic devices from a bio-sourced material that will be made possible by 3D printing., June 2021: Stratasys launched the J5 MediJet Medical 3D printer, which enables users to create highly detailed 3D anatomical models and drilling and cutting guides with approved third-party 510k-cleared segmentation software.. Key drivers for this market are: Technological Advancements Leading to Enhanced Application, Increasing Demand for Customized 3D Printing. Potential restraints include: Lack of Trained Professionals, Absence of Specific Regulatory Guidelines. Notable trends are: Metal and Alloy Segment is Dominating the European Healthcare 3D Printing Market Over the Forecast Period.

Europe Diagnostic Imaging Equipment Market was valued at USD 10.44 Bn in 2024 and is projected to reach USD 17.38 Bn by 2032, growing at a CAGR of 6.57% from 2026-2032.

Diagnostic imaging equipment is a collection of medical gadgets used to visualize the inside structures of the body for diagnostic purposes. This equipment comprises X-rays, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, and nuclear medicine procedures such as positron emission tomography (PET).

Diagnostic imaging’s key applications are spot diagnosis, which promptly identifies abnormalities; disease progression monitoring, particularly in chronic illnesses such as cancer; and treatment planning, which helps healthcare providers determine the best surgical techniques. Furthermore, these imaging techniques are useful in a variety of medical specialties, including cardiology, cancer, neurology, and orthopedics, allowing for more precise diagnosis and improved patient management strategies.

The table-top spirometer market is experiencing robust growth, driven by increasing prevalence of respiratory diseases globally and a rising demand for accurate and affordable lung function testing. The market, estimated at $250 million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching approximately $450 million by 2033. This growth is fueled by several factors, including advancements in spirometer technology leading to smaller, more portable, and user-friendly devices suitable for various settings like hospitals, clinics, and homecare. The increasing adoption of telehealth and remote patient monitoring also contributes significantly to market expansion, allowing for convenient and accessible lung function assessments. Further driving this growth is a greater emphasis on early diagnosis and management of respiratory conditions, improving patient outcomes and reducing healthcare costs associated with advanced disease stages. The wired segment currently holds a larger market share due to established infrastructure and reliability, but the wireless segment is witnessing significant growth due to increased convenience and portability. Major market players, such as BD (CareFusion), Schiller, and Hill-Rom, are strategically investing in research and development to introduce innovative spirometers with improved accuracy, connectivity features, and data analytics capabilities. However, the market faces certain challenges, including high initial costs associated with sophisticated devices and the need for skilled personnel to interpret the results accurately. Despite these restraints, the overall market outlook remains positive, with substantial growth opportunities in emerging economies driven by increasing healthcare infrastructure development and rising awareness of respiratory health. The segmentation by application (hospital, clinic, homecare) and type (wired, wireless) provides a granular view, highlighting the dynamic interplay between technology and clinical needs shaping the future of this vital medical device market. North America is expected to maintain a leading market share owing to well-established healthcare infrastructure and high adoption rates, but the Asia-Pacific region shows significant potential for growth due to increasing respiratory disease prevalence and rising disposable incomes.

Snapshot img

Healthcare Facilities Management Market Size 2024-2028

The healthcare facilities management market size is forecast to increase by USD 92.9 billion at a CAGR of 9.7% between 2023 and 2028.

The market is experiencing significant growth due to the increasing adoption of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and big data analytics. These technologies enable smart building technology, enhancing operational efficiency and patient care. Cloud-based solutions are gaining popularity due to their flexibility and scalability. Strategic alliances and new product launches are driving market competition. However, the market remains fragmented, with numerous players vying for market share. The integration of these technologies in healthcare facilities management is transforming the industry, offering improved patient outcomes and operational cost savings.

What will be the Size of the Market During the Forecast Period?

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The market encompasses the planning, designing, constructing, and maintaining of physical infrastructure to deliver efficient and effective healthcare services. This market plays a crucial role in ensuring the health and well-being of patients, particularly those in the geriatric population and those suffering from non-communicable and chronic diseases. One of the primary objectives of healthcare facilities management is to improve patient safety. Advanced technologies, such as AI and IoT, are increasingly being integrated into healthcare facilities to achieve this goal. Big data analytics derived from these technologies enable healthcare providers to monitor patient volume, energy usage, and digital platforms to optimize patient scheduling and electronic health records management.
Moreover, healthcare facilities management is essential for energy management. With the competitive nature of the healthcare industry, on-site and off-site facility management companies are leveraging smart building technology to reduce energy usage and costs. This not only benefits the healthcare providers but also contributes to the overall sustainability efforts. Patient safety and health and well-being are the top priorities in the healthcare sector. Healthcare services must adhere to stringent regulations, including patent scrutiny, to ensure the highest standards of care. Healthcare facility construction is a significant investment, and ROI is a critical consideration. Effective healthcare facilities management can help maximize this investment by ensuring that the infrastructure is utilized optimally.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Hospitals and clinics
  Long-term healthcare facilities
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Asia

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The hospitals and clinics segment is estimated to witness significant growth during the forecast period.

In the realm of healthcare, managing facilities in hospitals and clinics is a critical aspect of delivering optimal patient care. This involves overseeing the coordination of facilities, assets, and personnel to ensure a safe, efficient, and high-quality care environment. Advanced technologies, such as Artificial Intelligence (AI) and the Internet of Things (IoT), are increasingly being integrated into healthcare facilities management to enhance operations. Big data analytics and smart building technology enable real-time monitoring and optimization of energy usage, HVAC systems, and other essential services. Compliance, security, and emergency planning are also integral components of healthcare facilities management, ensuring the well-being of both patients and staff.

Moreover, with the dynamic nature of healthcare, from brief outpatient visits to lengthy inpatient procedures, agility and careful planning are essential. By leveraging the latest technologies, healthcare facilities management can adapt to the unique demands of the healthcare setting and prioritize patient care.

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The hospitals and clinics segment was valued at USD 80.00 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 45% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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