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Australian Healthcare Facilities Management Market, Forecast to 2024
Australian Healthcare Facilities Management Market, Forecast to 2024
Increase in Health Expenditure and the Drive Toward Operational Efficiency Present Growth Opportunities for the FM Industry
21-Mar-2019
Asia Pacific
$1,500.00
Special Price $1,125.00 save 25 %
Description
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.
Research Highlights
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
- Is the market growing? How long will it continue to grow, and at what rate?
- What are the trends affecting industry decision-making in outsourcing and what are the strategies of competitors in meeting these trends?
- What are the trends in terms of integrated FM versus other FM, as well as hard versus soft FM?
- Are the services offered today meeting customer needs or is additional development needed?
- What technological shifts will change the way healthcare facilities are managed in the future?
- What influence will the imperative to reduce environmental impact have on the future of healthcare facilities?
Author: Ivan Fernandez
Table of Contents
Key Findings
Scope and Definitions
Scope and Definitions (continued)
Healthcare Snapshot
Industry Structure
Industry Structure (continued)
Public and Private Hospitals
Number of Hospitals Over Time
Public and Private Hospitals by Region
Healthcare Expenditure
Sources of Funding—Public and Private Hospitals
Medical Practitioners
Residential Aged Care
Residential Aged Care (continued)
PPPs in Healthcare
PPPs in Healthcare (continued)
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Restraints Explained (continued)
Restraints Explained (continued)
Restraints Explained (continued)
Revenue Forecast
Revenue Forecast Assumptions
Outsourcing and Integrated FM
Hard and Soft FM
End Segments
Market Share Analysis
Competitive Environment
Competitive Analysis—M&As
Competitive Factors
Competitive Factors (continued)
Competitive Factors (continued)
Competitive Factors (continued)
Recent FM Healthcare Contracts—Examples
Recent FM Healthcare Contracts—Examples (continued)
Digitisation of Healthcare
Move to Value-based Care
Consumerisation of Healthcare
Future of Technology in FM/Healthcare
Future of Technology in FM/Healthcare (continued)
Future of Residential Aged Care
Growth Opportunity 1—Leveraging Building Information Modelling (BIM)
Growth Opportunity 2—Leveraging Patient Analytics and Visitor Data
Growth Opportunity 3—Digital Tools for Catering
Growth Opportunity 4—Internet of Things (IoT)
Growth Opportunity 5—Reducing Environmental Impact
Growth Opportunity 5—Reducing Environmental Impact (continued)
Growth Opportunity 5—Reducing Environmental Impact (continued)
Strategic Imperatives for Success and Growth
The Last Word—3 Big Predictions
Legal Disclaimer
Additional Sources of Information on Facilities Management
List of Exhibits
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Related Research
Popular Topics
Research Highlights
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, t
| No Index | No |
|---|---|
| Podcast | No |
| Author | Ivan Fernandez |
| Industries | Environment |
| WIP Number | 9AAF-00-56-00-00 |
| Is Prebook | No |
| GPS Codes | 9835-A4,9343-A4 |