The role of healthcare facility management (HFM) is expanding from background operations to core strategy as hospitals race to modernize aging infrastructure and comply with stricter hygiene, sustainability, and safety mandates. The global HFM market is expected to grow from USD 429.8 billion in 2023 to USD 657.4 billion by 2030, at a CAGR of 6.3%. Hospitals are increasingly turning to integrated facility management (IFM) providers for bundled services, including waste disposal, HVAC, security, and energy optimization, freeing up resources to focus on patient care.
Across the board, smart facility tech is gaining traction: from predictive maintenance sensors and IoT-enabled utility tracking to digital twin models that help reduce system failures and downtime. In fact, leading hospitals using such tools have achieved 25% energy cost savings, 20–30% faster issue resolution, and reduced infection control risk by over 15%. While North America holds 38% of the market, the Asia-Pacific region is growing fastest, led by public-private infrastructure partnerships and digital health infrastructure expansion.
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