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Hard Seltzer, Global Industry Trends, Growth, Opportunities 2024
Global Hard Seltzer, Business Growth, Market Trends, Insights 2024
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According to The Business Research Company's, The healthcare buildings market size has grown steadily in recent years. It will grow from $260.94 billion in 2023 to $266.82 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased healthcare spending, rising number of patients, rise in the number of medical tourists and rise in government support.
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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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
Owens Corning, BASF SE, Kingspan Group Plc, E. I. du Pont de Nemours And Company Co. Ltd., Interface Inc., Saint-Gobain (CertainTeed Corporation), Forbo International SA, Amvik Systems, Alumasc Group Plc, Bauder Limited, China State Construction Engineering Corporation (CSCEC), China Communications Construction Company Limited (CCCC), Shanghai Construction Group (SCG), SGS Group, Larsen & Toubro, GMR Group, Hindustan Construction company, Kajima Corporation, GVK Group, Shimizu Corporation, Sika AG, Välinge Flooring, HeidelbergCement, LafargeHolcim, Aerzener Maschinenfabrik GmbH, SCHMIDT Technology GmbH, Colt International Licensing Limited, Gsky Plant Systems, Hachler GmbH, Sensor spol. s r.o, Norsonic AS, Internationale Geotextil GmbH, GreenKeys, Mastal Sp zo.o, Grudnik Sp. Z O. O., KONTUR SP. Z O.O., ATT Sp. Z. O.O., Departysh D Ltd., Macon Group, Somaco, Supertech Q Materials SRL, Iridex Group, Matcons, Turner Corp, Aecom, Clark Group, Swinerton, Hensel Phelps, Skanska USA, Lendlease, Gilbane Building Co, Battle Lake Design Group, Alberta, EDGE Colombia, Electro Aco Altona, Suzano, Votorantim Cimentos Brasil, Klabin, Cielo Brazil, TUPY, BR Metals Fundições Ltda, Middle East Building Materials LLC
Healthcare Buildings Market 2024 Key Insights:
• 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%.
• Surge In Healthcare Building Demand Fueled By Rising Detection Of Acute And Chronic Disorders
• Innovative Product Developments Reshaping Hospital Buildings Market
• North America was the largest region in the healthcare buildings market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Learn More About The Business Research Company
The Business Research Company ( https://www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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