The healthcare buildings market size is expected to see steady growth in the next few years. It will grow to $294.71 billion in 2028 at a compound annual growth rate (CAGR) of 2.5%. The growth in the forecast period can be attributed to an increasing aging population, increasing chronic diseases, rapid urbanization and a rising population. Major trends in the forecast period include integrated building systems to enhance patient care, safety and operational efficiency, sustainability and green building practices to reduce environmental impact, increasing investments in healthcare buildings to improve facilities and strategic partnerships and collaborations among market players to expand their product portfolio and geographic presence.
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Segmentation & Regional Insights
The healthcare buildings market covered in this report is segmented –
1) By Facility Type: Hospitals, Ambulatory Surgery Centers, 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
North America was the largest region in the healthcare buildings market in 2023. The regions covered in the healthcare buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing detection of acute and chronic disorders is expected to propel the growth of the healthcare-building 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. Hospital supplements 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. For instance, in March 2022, the Australian Bureau of Statistics, an Australia-based independent statutory body, found that nearly three-quarters of Australians (78.6%) had at least one long-term health issue. About half of the population (46.6% or 11.6 million) had at least one chronic illness. Therefore, the growing detection of acute and chronic disorders is driving the healthcare-building market.
Key Industry Players
Major companies operating in the healthcare buildings market report are Hochtief AG, Skanska AB, Balfour Beatty plc, DPR Construction, Royal BAM Group,AECOM Technology, Kier Group plc, McCarthy Holdings Inc, Vaughn Construction, JE Dunn Construction, Hiranandani Constructions, Taisei Corporation, Mitsui Fudosan Co. Ltd., Sungdo Engineering & Construction Co. Ltd., Hansen Yuncken, Shimao Group Holdings Limited, China National Building Material Group (CNBM) Co. Ltd., Greenland Holdings Corp. Ltd., Morgan Sindall Group plc, HPP Architects, Henning Larsen, Marco Casamonti and Partners, PORR, Bouygues Construction, Eiffage, Turner Construction, Brasfield & Gorrie, The Boldt Company, Bechtel, Techint Engineering & Construction, Acciona, Cencosud Construction, Arabtec Construction LLC, Cofely Besix Mannai Facility Management, Saudi Binladin Group (SBG), Olayan Group, Aveng Group, Orascom Construction, Hassan Allam Holding, Arbico Plc
The healthcare buildings market report table of contents includes:
1. Executive Summary
2. Healthcare Buildings Market Characteristics
3. Healthcare Buildings Market Trends And Strategies
4. Healthcare Buildings Market – Macro Economic Scenario
5. Global Healthcare Buildings Market Size and Growth
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32. Global Healthcare Buildings Market Competitive Benchmarking
33. Global Healthcare Buildings Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Healthcare Buildings Market
35. Healthcare Buildings Market Future Outlook and Potential Analysis
36. Appendix
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