Categories: Healthcare

Digital Health Market Size, Growth, Trends, Report By 2032

The Healthcare Buildings Global Market Report 2023 by The Business Research Company, provides healthcare buildings market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Healthcare Buildings Global Market Report 2023, the market size is expected to grow from$253.94 billion in 2022 to $263.05 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global healthcare buildings market size is expected to reach $283.21 billion in 2027 at a CAGR of 2.0%.

The growing detection of acute and chronic disorders is expected to propel the growth of the healthcare buildings market in the coming years. Acute disorders are diseases that frequently last for just a few days or weeks and usually start unexpectedly. Chronic illnesses take months or years to develop and may get worse throughout that time. Hospitals supplement and related activities enhance the performance of many other components of the healthcare system by providing ongoing access to treatments for both acute and complicated diseases. Thus, the increased number of acute and chronic disorders increases the demand for healthcare infrastructure, leading to the growth of the healthcare building market.

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The healthcare buildings market is segmented:

1) By Facility Type: Hospitals, ASCs, Long Term Care Facilities And Nursing Homes, Academic Institutes, Other Facility Types

2) By Service Type: New Construction, Refurbishment

3) By Healthcare Type: Public Healthcare, Private Healthcare

Product innovation is the key trend gaining popularity in the hospital buildings market. Major companies operating in the hospital buildings market are focused on developing innovative products to strengthen their position in the market. For instance, in February 2023, RSC Architects, a USA-based architectural firm unveiled Helena Theurer Pavilion, a 530,000-square-foot Helena Theurer Pavilion at Hackensack University Medical Center. This innovative nine-story surgical and intensive care tower is increasing the bar for patient care expertise in the New York metropolitan area. The Pavilion has all-private patient rooms and the newest “smart hospital” technology, and every aspect has been carefully considered to provide patients with a fantastic experience.

The healthcare buildings market report table of contents includes: