Significant Growth Expected for US Health Care Facilities Management Market

National health care spending could reach $6.2 trillion by 2028.

October 31, 2022

According to a press release, a recently published report by international market research firm Research and Markets has revealed significant anticipated growth for the U.S. health care facilities management market during the forecast period of 2023–2027.

According to the U.S. Centers for Medicare and Medicaid Services (CMS), national health care spending is anticipated to grow at an average annual rate of 5.4% by 2028, reaching US$6.2 trillion, and the health share of the economy will rise to 19.7% by 2028.

The report attributes the growth to the escalating prevalence of chronic disorders, rising health care expenditures, and the increasing adoption of advanced technologies by the health care sector.

The release also stated that patients are becoming more aware of the advantages of using advanced technologies and equipment that are more accurate and effective than traditional medical devices. The increased number of market participants and high availability of innovative cloud-based health care facility management solutions are expected to create lucrative growth opportunities over the next five years.

The soft service segment is expected to hold the largest share of the market, due to its greater role in making the workplace more secure, pleasant, and efficient.

Latest Articles

Indoor Air Quality Solutions - Ionization
November 23, 2022 Jeff Cross

Indoor Air Quality Solutions: Ionization

November 22, 2022

Rethink IAQ: How to Blend Science and Cleaning to Improve Indoor Air Quality in Facilities

November 21, 2022 Rakesh Gupta

How to Protect Your Business From 5 Common Insurance Claims

Sponsored Articles

Providing Great Experiences Using Technology to Build Customer Satisfaction and Brand Loyalty
November 11, 2022

Providing Great Experiences Using Technology to Build Customer Satisfaction and Brand Loyalty

November 8, 2022 Sponsored by U.S. Battery

Lithium-Ion Deep-Cycle Battery

November 8, 2022 Sponsored by SmartInspect

Smart Inspect—Your Complete Platform for Cleaner Facilities and Happier Customers

Recent News

Grateful Thankful Blessed

Count Your Cleaning Business Blessings

California Interfaith Power & Light Wins 2022 Greenbuild Legacy Project Award

IICRC Publishes Safety and Health Field Guide for Cleaning Pros