Surge In Healthcare Building Demand Fueled By Rising Detection Of Acute And Chronic Disorders: Transformative Forces Shaping the Healthcare Buildings Market Landscape in 2025

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What Will the Healthcare Buildings Industry Market Size Be by 2025?_x000D_
The market size of healthcare buildings has seen a slight increase in recent years. The projected growth is estimated to rise from $294.43 billion in 2024 to $299.57 billion in 2025, showcasing a Compound Annual Growth Rate (CAGR) of 1.7%. This progress throughout the historical period is due to robust economic growth in developing markets, escalated spending on healthcare, an upsurge in patient numbers, an increase in medical tourism, as well as augmented government aid._x000D_
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What's the Long-Term Growth Forecast for the Healthcare Buildings Market Size Through 2029?_x000D_
The market size of healthcare buildings is anticipated to witness consistent expansion in the coming years, reaching $340.6 billion in 2029 at a compound annual growth rate (CAGR) of 3.3%. This expansion in the predicted period can be credited to factors such as a rising elderly populace, an increase in chronic diseases, rapid city development, and population growth. Key trends during this period comprise the incorporation of building systems to improve the care, protection, and operational efficacy of patients, sustainability, and the practice of green building to minimize environmental repercussions. Additionally, an escalation in investments in healthcare buildings to upgrade facilities, along with strategic alliances and cooperation amongst market participants to broaden their product range and geographical reach, are forecasted to occur._x000D_
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What Are the Key Growth Drivers Fueling the Healthcare Buildings Market Expansion?_x000D_
The surge in identification of acute and chronic diseases is anticipated to fuel an upswing in the healthcare-building sector in the years ahead. Acute illnesses are typically brief, often lasting only a few days or weeks and onset is usually sudden. Conversely, chronic conditions evolve over months or years, and can proliferate over the course of time. Supplements and related activities in hospitals amplify the efficacy of numerous other aspects in the healthcare system by consistently facilitating treatments for these sudden as well as longstanding diseases. Consequently, the rising cases of acute and chronic maladies boost the need for medical infrastructure, which in turn boosts expansion in the healthcare-building industry. In a study conducted by the Australian Bureau of Statistics, an independent statutory agency based in Australia, in March 2022, it was discovered that nearly 78.6% of Australians endured at least one persistent health problem and about 46.6% or 11.6 million people suffer from at least one chronic illness. Thus, the escalating recognition of acute and chronic diseases is a key driving factor for the healthcare-building sector._x000D_
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What Trends Will Shape the Healthcare Buildings Market Through 2029 and Beyond?_x000D_
The increasing trend in the hospital buildings market is product innovation. A key strategy among leading firms in the market is the creation of novel products in a bid to consolidate their market stake. This was exemplified when, in February 2023, the US architectural firm, RSC Architects, introduced the Helena Theurer Pavilion. This 530,000-square-foot tower at the Hackensack University Medical Center features nine floors of surgical and intensive care units, setting a new standard in patient care in the New York metropolitan region. With its purely private patient rooms and state-of-the-art 'smart hospital' technology, every facet of the Pavilion is meticulously designed to afford patients an excellent experience._x000D_
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How Is the Healthcare Buildings Market Segmented?_x000D_
The healthcare buildings market covered in this report is segmented -_x000D_
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1) By Facility Type: Hospitals, Ambulatory Surgery Centers, Long Term Care Facilities And Nursing Homes, Academic Institutes, Other Facility Types_x000D_
2) By Service Type: New Construction, Refurbishment _x000D_
3) By Healthcare Type: Public Healthcare, Private Healthcare_x000D_
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Subsegments:_x000D_
1) By Hospitals: General Hospitals, Specialty Hospitals _x000D_
2) By Ambulatory Surgery Centers: Outpatient Surgery Centers, Same-Day Surgery Centers _x000D_
3) By Long Term Care Facilities And Nursing Homes: Skilled Nursing Facilities, Assisted Living Facilities _x000D_
4) By Academic Institutes: Medical Schools, Research Institutions _x000D_
5) By Other Facility Types: Urgent Care Centers, Rehabilitation Facilities, Diagnostic Imaging Centers _x000D_
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Which Companies Are Leading the Charge in Healthcare Buildings Market Innovation?_x000D_
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 _x000D_
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Which Regions Are Leading the Global Healthcare Buildings Market in Revenue?_x000D_
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._x000D_
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