Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Increase in Health Expenditure and the Drive Toward Operational Efficiency Present Growth Opportunities for the FM Industry
save 25 %
* Required Fields
Pay by invoice
As hospitals look to improve operational efficiency in the provision of services, digital solutions become vital in delivering facilities management (FM) solutions. In addition, as hospitals look for more environmentally viable solutions, FM providers become an important part of energy- and environmentally-efficient management of hospitals.Increasing regulations (in terms of the provision of services in hospitals) will continue to drive growth in the outsourcing of FM services. In particular, the private sector as a whole has seen growth in the overall number of hospitals, as well as new beds, creating potential growth opportunities for FM companies.A key driver of the growth in the FM market is the overall increase in health expenditure (driven by migration, chronic diseases and an ageing population), leading to the expansion of the asset base and an increase in the number of medical practitioners. However, there are several restraints to market growth. These include increased instances of soft FM being kept in-house, knowledge gaps and inadequate provision of services to rural and remote regions, as well as FM protocols, practices and delivery challenges.The FM market for healthcare has been fairly competitive, with a number of dominant competitors. Compliance, expertise and track record, existing business relationships/contracts, as well as qualified and skilled staff are the key factors providing a competitive advantage. Over the long term, the emergence of digital/smart hospitals will increase the demand for technology-driven FM services which will leverage Building Information Modelling (BIM), patient and visitor analytics and digital tools for catering, as well as Internet of Things (IoT)-specific solutions.
This research service provides an insight into the drivers for the growth of the FM market in the Australian healthcare sector, the restraints to growth, the forecast expenditure on FM, trends by outsourced versus in-house FM, integrated FM versus other FM (single and bundled services), hard versus soft FM, competitive trends and future shifts impacting the management of healthcare facilities.
The study period is from 2015 to 2024, with the base year as 2018 and the forecast period as 2019 to 2024.
Key Issues Addressed
Author: Ivan Fernandez
Global Elevator and Escalator Industry Tracker, 2021
Sustainability and Digital Transformation Boost FM Uptake in GCC Countries
Focus on Wellness Inside Buildings Powering the Global Indoor Air Quality Systems Market, 2026
Connected Home of the Future—Voice of Customer
Australian Facilities Management Market, Forecast to 2025
The Future of Smart Urban Infrastructure in North America, 2018–2025
Frost Radar in the Global Elevator Market
Australian Flexible Office Market, 2018
European Fire Detection and Suppression Market, Forecast to 2025
Innovations in Noise Reduction
cyber security market
food preservatives market
smart meter market
dietary supplements market
medical supplies market
nanophotonic equipment market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.