Rising geriatric population is expected to drive growth in the healthcare facilities management market.
Rising geriatric population is expected to drive growth in the healthcare facilities management market. The healthcare facilities management market is witnessing the growth of several nursing homes, rising government expenditures through programs like Medicaid, and technological advances bringing transparency in care leading to an improvement in quality.
Recently, the US government tied the government expenditure through medical aid programs to digitalization in services by bringing programs like medical portals, better interaction between patients and doctors among others.
Moreover, increasing quality of healthcare facilities are also expected to increase the revenues of margin in the healthcare facilities management market for most players in the near future.
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Quality Concerns Raise Eyebrows in the Healthcare Facilities Management Market
Recently, a children’s hospital in Pittusburgh reported 12 cases of methicillin-resistant staphylococcus aureus. Traditional family structure is being replaced with healthcare management facilities in many countries.
- In countries like Australia, the government is allocating a major budget for nursing and healthcare among the elderly. However, according to recent independent reports, many elderly in the country were severely neglected during the private care.
- While changing social structure continues to pave new roads of opportunities for the facilities management market, the neglect, the large costs, and reported cases continue to flicker on the growth of the market in the long run.
AI Promises to Change the Face of the Healthcare Facilities Management Market
AI promises major improvements in image, x-ray diagnosis in the near future. The technology currently promises diagnosis which is on par with the opinions of experienced doctors in the field. This can be a major boost for the healthcare facilities management market.
- On one hand, technologies like AI promise to reduce involvement of doctors in routine checks and reduce costs for patients and hospitals alike. On the other hand, it also promises to train new doctors effectively to upgrade skillset.
- The large data sets available through Big Data promise to train new doctors and effectively diagnose life-threatening situations, which has been a major concern for the medical industry in the past.
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