Healthcare Buildings Market Anticipated To Witness Robust Growth, Surpassing $353.84 Billion By 2029

The Healthcare Buildings Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Healthcare Buildings Market Size and Its Estimated Growth Rate?
The market size for healthcare buildings has seen consistent expansion in the past few years. The projection is that it will rise from $301.04 billion in 2024 to about $309.93 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.0%. The surge during the historic period is credited to significant economic growth in emerging markets, amplified healthcare expenditures, the increase in patient numbers, a boost in medical tourism, and heightened governmental backing.

Steady expansion is anticipated in the healthcare buildings market in the coming years, with a projection to reach $353.84 billion in 2029, growing at a compound annual growth rate (CAGR) of 3.4%. The predicted growth during the forecast period could be credited to factors such as a rise in the aging population, an escalation in chronic diseases, swift urbanization, and overall population increase. The key trends for the forecast period entail the integration of building systems to boost patient care, safety, and operational productivity, commitment towards sustainability and environmentally friendly building practices, increasing capital in healthcare buildings to enhance amenities, and strategic alliances and collaborations among market contributors to broaden their product range and geographical footprint.

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How Are Emerging Segments Shaping the Healthcare Buildings Market Landscape?
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

Subsegments:
1) By Hospitals: General Hospitals, Specialty Hospitals
2) By Ambulatory Surgery Centers: Outpatient Surgery Centers, Same-Day Surgery Centers
3) By Long Term Care Facilities And Nursing Homes: Skilled Nursing Facilities, Assisted Living Facilities
4) By Academic Institutes: Medical Schools, Research Institutions
5) By Other Facility Types: Urgent Care Centers, Rehabilitation Facilities, Diagnostic Imaging Centers

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Which Growth Factors Are Influencing Healthcare Buildings Market Expansion?
The healthcare-building market appears poised for substantial growth in the coming years, driven largely by the increased diagnosis of acute and chronic conditions. Acute diseases, which typically materialize unexpectedly and last for a brief period, and chronic diseases, which can take years to develop and may progressively worsen, are both contributing factors. The efficiency of various other aspects of the healthcare system is boosted by hospital enhancements and related activities, as they ensure consistent access to treatments for both types of diseases. Consequently, the uptick in acute and chronic condition diagnoses necessitates improved healthcare infrastructure, thereby fostering growth within the healthcare-building market. To illustrate, data from the Australian Bureau of Statistics, an independent statutory body in Australia, indicates as of March 2022, around 78.6% of Australians have at least one persistent health issue, and nearly half the populace (46.6% or 11.6 million) have at least one chronic disease. Hence, the increased diagnosis of acute and chronic disorders is fueling expansion in the healthcare-building market.

Who Are the Dominant Players Across Different Healthcare Buildings Market Segments?
Major companies operating in the healthcare buildings market include 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

What Healthcare Buildings Market Trends Are Gaining Traction Across Different Segments?
Trend 1:

The primary trend emerging in the hospital buildings market is product innovation. Major players in this market are concentrating on creating unique products to solidify their market presence. An excellent example of this is a U.S. architectural firm, RSC Architects, who in February 2023, revealed their latest creation, the Helena Theurer Pavilion at Hackensack University Medical Center, which spans 530,000 square feet. This impressive nine-story surgical and intensive care tower is setting a new standard for patient care in the New York metropolitan area. The pavilion, equipped with each room being private and latest 'smart hospital' technology, is designed meticulously to ensure a superb experience for patients.

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Which Geographic Regions Are Expected to Dominate the Healthcare Buildings Market in the Coming Years?
North America was the largest region in the healthcare buildings market in 2024. The regions covered in the healthcare buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Healthcare Buildings Market?
2. What is the CAGR expected in the Healthcare Buildings Market?
3. What Are the Key Innovations Transforming the Healthcare Buildings Industry?
4. Which Region Is Leading the Healthcare Buildings Market?

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