What is Wrong with African FM Brands in the Global Healthcare Facilities Management Market?

In line with existing reports and experts’ views, Africa is the world’s second-largest continent. The continent is also second-most populous continent after Asia. Like other continents in the world, Africa is not left out in having a number of industries and sectors for socioeconomic and political growth facilitation.

In the last decade, the continent has been experiencing activities of facilities management companies and professionals in the areas of hard and soft facilities maintenance and management including supply services. Several reports and views have indicated that the continent’s FM industry is growing due to rapid urbanization and businesses’ rising interest in outsourcing facilities maintenance to FM companies, to enable them focus on core operations.

However, recent reports have shown that the continent is playing second fiddle in the healthcare facilities management segment of the industry. These reports, which were conceptualised to establish the market worth, forces and key players, revealed that three African countries -Nigeria, South Africa and Egypt -are the only countries usually considered as part of analyses.  

One of the reports notes that the global healthcare facilities management market would worth $515.31 billion by the end of 2026 with the expected compound annual growth rate of over 14% between 2020 and 2026.

The Top Key Players

Most of these reports have largely analysed the market using ISS World Services, Mitie Group PLC, Ecolab USA, ABM, OCS Group, Jones Lang LaSalle, Aramark, Founders3 Real Estate, Medxcel, Sodexo, Vanguard Resources, Compass Group, Siegel-Gallagher Management Company, A/S, Secro Group, Epic Systems Corporation, eClinicalWorks, Practice Fusion, NextGen Healthcare, Allscripts, Cerner, MEDITECH, General Electric Healthcare IT and Athenahealth cases. According to the reports, these companies are focusing on managing healthcare facilities using emerging technologies and cost-effective solutions.

What is Wrong with the Segment?

The desertion of other countries and concentration on a small number of players on the continent could be linked to the fact that players are yet to fully explore the market despite the hidden treasures in it. The players cannot continue to play second fiddle because getting the market right would make a significant impact in the continent’s healthcare industry, especially delivery of sustainable healthcare solutions to the people.

The two industries are fraternal twins. In view of the identified gap, Infoprations has concluded its plan of releasing the first attractiveness report for the market by 2020 with the specific focus on the Nigerian market.