This report describes and explains the healthcare buildings market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global healthcare buildings market reached a value of nearly $293.86 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.94% since 2019. The market is expected to grow from $293.86 billion in 2024 to $344.06 billion in 2029 at a rate of 3.20%. The market is then expected to grow at a CAGR of 3.08% from 2029 and reach $400.44 billion in 2034.
Growth in the historic period resulted from the high investments in healthcare infrastructure, increased number of patients and rise in healthcare expenditure. Factors that negatively affected growth in the historic period were stringent regulatory requirements and long construction timelines.
Going forward, the increasing prevalence of chronic diseases, rising medical tourism, increasing aging population and favorable government initiatives will drive the growth. Factor that could hinder the growth of the healthcare buildings market in the future include sustainability and environmental compliance pressures and rising material and labor costs.
Asia-Pacific was the largest region in the healthcare buildings market, accounting for 61.21% or $124.09 billion of the total in 2024. It was followed by Western Europe, South America and then the other regions. Going forward, the fastest-growing regions in the healthcare buildings market will be Africa and Middle East where growth will be at CAGRs of 15.42% and 7.58% respectively. These will be followed by South America and Eastern Europe where the markets are expected to grow at CAGRs of 4.97% and 3.92% respectively.
The global healthcare buildings market is high fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 4.21% of the total market in 2023. Skanska AB was the largest competitor with a 0.95% share of the market, followed by Balfour Beatty plc with 0.61%, DPR Construction with 0.54%, Hochtief AG with 0.45%, Whiting-Turner Contracting Co with 0.40%, AECOM Technology with 0.38%, McCarthy Holdings, Inc with 0.33%, JE Dunn Construction with 0.21%, Royal BAM Group with 0.18% and Brasfield & Gorrie, LLC. with 0.16%.
The healthcare buildings market is segmented by facility type into hospitals, ambulatory surgery centers, long term care facilities and nursing homes, academic institutes and other facility types. The hospitals market was the largest segment of the healthcare buildings market segmented by facility type, accounting for 52.42% or $154.04 billion of the total in 2024. Going forward, the ambulatory surgery centers segment is expected to be the fastest growing segment in the healthcare buildings market segmented by facility type, at a CAGR of 3.57% during 2024-2029.
The healthcare buildings market is segmented by service type into new construction and refurbishment. The new construction market was the largest segment of the healthcare buildings market segmented by service type, accounting for 63.40% or $186.31 billion of the total in 2024. Going forward, the refurbishment segment is expected to be the fastest growing segment in the healthcare buildings market segmented by service type, at a CAGR of 3.31% during 2024-2029.
The healthcare buildings market is segmented by healthcare type into public healthcare and private healthcare. The private healthcare market was the largest segment of the healthcare buildings market segmented by healthcare type, accounting for 64.62% or $189.89 billion of the total in 2024. Going forward, the public healthcare segment is expected to be the fastest growing segment in the healthcare buildings market segmented by healthcare type, at a CAGR of 3.40% during 2024-2029.
The top opportunities in the healthcare buildings market segmented by facility type will arise in the hospitals segment, which will gain $26.44 billion of global annual sales by 2029. The top opportunities in the healthcare buildings market segmented by service type will arise in the new construction segment, which will gain $31.21 billion of global annual sales by 2029. The top opportunities in the healthcare buildings market segmented by healthcare type will arise in the private healthcare segment, which will gain $31.27 billion of global annual sales by 2029. The healthcare buildings market size will gain the most in China at $6.54 billion.
Market-trend-based strategies for the healthcare buildings market include developing public-private partnerships to enhance automation and energy efficiency in healthcare infrastructure, strategic investments to enhance energy resilience and sustainability for critical community infrastructure and strategic investments to enhance the efficiency, capacity, and sustainability of healthcare infrastructure to improve patient care and system performance.
Player-adopted strategies in the healthcare buildings market include focus on expanding its business capabilities through partnership to expand its operational capabilities.
To take advantage of the opportunities, the analyst recommends the healthcare buildings to focus on strategic investments to improve energy resilience and sustainability, focus on strategic investments to expand capacity and drive innovation in healthcare infrastructure, focus on ambulatory surgery centers to capture high-growth opportunities, focus on refurbishment to maximize growth and efficiency, focus on public healthcare to capture strongest growth momentum, expand in emerging markets, focus on public-private partnerships to advance automation and energy efficiency, focus on value-based pricing to align with buyer expectations, prioritize targeted outreach over broad awareness campaigns, invest in content marketing to establish industry authority and focus on enhancing workforce engagement to strengthen end-user relationships.
The global healthcare buildings market reached a value of nearly $293.86 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.94% since 2019. The market is expected to grow from $293.86 billion in 2024 to $344.06 billion in 2029 at a rate of 3.20%. The market is then expected to grow at a CAGR of 3.08% from 2029 and reach $400.44 billion in 2034.
Growth in the historic period resulted from the high investments in healthcare infrastructure, increased number of patients and rise in healthcare expenditure. Factors that negatively affected growth in the historic period were stringent regulatory requirements and long construction timelines.
Going forward, the increasing prevalence of chronic diseases, rising medical tourism, increasing aging population and favorable government initiatives will drive the growth. Factor that could hinder the growth of the healthcare buildings market in the future include sustainability and environmental compliance pressures and rising material and labor costs.
Asia-Pacific was the largest region in the healthcare buildings market, accounting for 61.21% or $124.09 billion of the total in 2024. It was followed by Western Europe, South America and then the other regions. Going forward, the fastest-growing regions in the healthcare buildings market will be Africa and Middle East where growth will be at CAGRs of 15.42% and 7.58% respectively. These will be followed by South America and Eastern Europe where the markets are expected to grow at CAGRs of 4.97% and 3.92% respectively.
The global healthcare buildings market is high fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 4.21% of the total market in 2023. Skanska AB was the largest competitor with a 0.95% share of the market, followed by Balfour Beatty plc with 0.61%, DPR Construction with 0.54%, Hochtief AG with 0.45%, Whiting-Turner Contracting Co with 0.40%, AECOM Technology with 0.38%, McCarthy Holdings, Inc with 0.33%, JE Dunn Construction with 0.21%, Royal BAM Group with 0.18% and Brasfield & Gorrie, LLC. with 0.16%.
The healthcare buildings market is segmented by facility type into hospitals, ambulatory surgery centers, long term care facilities and nursing homes, academic institutes and other facility types. The hospitals market was the largest segment of the healthcare buildings market segmented by facility type, accounting for 52.42% or $154.04 billion of the total in 2024. Going forward, the ambulatory surgery centers segment is expected to be the fastest growing segment in the healthcare buildings market segmented by facility type, at a CAGR of 3.57% during 2024-2029.
The healthcare buildings market is segmented by service type into new construction and refurbishment. The new construction market was the largest segment of the healthcare buildings market segmented by service type, accounting for 63.40% or $186.31 billion of the total in 2024. Going forward, the refurbishment segment is expected to be the fastest growing segment in the healthcare buildings market segmented by service type, at a CAGR of 3.31% during 2024-2029.
The healthcare buildings market is segmented by healthcare type into public healthcare and private healthcare. The private healthcare market was the largest segment of the healthcare buildings market segmented by healthcare type, accounting for 64.62% or $189.89 billion of the total in 2024. Going forward, the public healthcare segment is expected to be the fastest growing segment in the healthcare buildings market segmented by healthcare type, at a CAGR of 3.40% during 2024-2029.
The top opportunities in the healthcare buildings market segmented by facility type will arise in the hospitals segment, which will gain $26.44 billion of global annual sales by 2029. The top opportunities in the healthcare buildings market segmented by service type will arise in the new construction segment, which will gain $31.21 billion of global annual sales by 2029. The top opportunities in the healthcare buildings market segmented by healthcare type will arise in the private healthcare segment, which will gain $31.27 billion of global annual sales by 2029. The healthcare buildings market size will gain the most in China at $6.54 billion.
Market-trend-based strategies for the healthcare buildings market include developing public-private partnerships to enhance automation and energy efficiency in healthcare infrastructure, strategic investments to enhance energy resilience and sustainability for critical community infrastructure and strategic investments to enhance the efficiency, capacity, and sustainability of healthcare infrastructure to improve patient care and system performance.
Player-adopted strategies in the healthcare buildings market include focus on expanding its business capabilities through partnership to expand its operational capabilities.
To take advantage of the opportunities, the analyst recommends the healthcare buildings to focus on strategic investments to improve energy resilience and sustainability, focus on strategic investments to expand capacity and drive innovation in healthcare infrastructure, focus on ambulatory surgery centers to capture high-growth opportunities, focus on refurbishment to maximize growth and efficiency, focus on public healthcare to capture strongest growth momentum, expand in emerging markets, focus on public-private partnerships to advance automation and energy efficiency, focus on value-based pricing to align with buyer expectations, prioritize targeted outreach over broad awareness campaigns, invest in content marketing to establish industry authority and focus on enhancing workforce engagement to strengthen end-user relationships.
Major Market Trends
- Revolutionizing Healthcare Infrastructure Through Automation and Sustainable Partnerships
- Strengthening Energy Resilience and Sustainability in Healthcare and Housing Infrastructure
- Boosting Healthcare Infrastructure With Strategic Investment for Enhanced Patient Care
Key Mergers and Acquisitions
- Portakabin Acquired Darwin Group
- Healthco Healthcare and Wellness Acquired 11 Healthscope
- Lenus Capital Partners Acquired Medicadiz Hospital
- ByteDance Acquired Amcare Healthcare
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Healthcare Buildings Growth Analysis and Strategic Analysis Framework
9 Global Healthcare Buildings Market Segmentation
10 Healthcare Buildings Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 South America Market
15 Middle East Market
16 Africa Market
17 Competitive Landscape and Company Profiles
18 Other Major and Innovative Companies
21 Key Mergers and Acquisitions
22 Recent Developments in the Healthcare Buildings market
23 Opportunities and Strategies
24 Healthcare Buildings Market, Conclusions and Recommendations
25 Appendix
Executive Summary
Healthcare Buildings Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global healthcare buildings market.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for healthcare buildings? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The healthcare buildings market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider healthcare buildings market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by facility type, by service type and by healthcare type.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for healthcare buildings providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Facility Type: Hospitals; Ambulatory Surgery Centers; Long Term Care Facilities and Nursing Homes; Academic Institutes; Other Facility Types2) by Service Type: New Construction; Refurbishment
3) by Healthcare Type: Public Healthcare; Private Healthcare
Key Companies Profiled: Skanska AB; Balfour Beatty plc; DPR Construction; Hochtief AG; Whiting-Turner Contracting Co.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; Healthcare Buildings indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Healthcare Buildings market report include:- Skanska AB
- Balfour Beatty plc
- DPR Construction
- Hochtief AG
- Whiting-Turner Contracting Co.
- AECOM Technology
- McCarthy Holdings, Inc
- JE Dunn Construction
- Royal BAM Group
- Brasfield & Gorrie, LLC
- Amcare Healthcare
- Daelim Industrial Co Ltd (Now DL E&C)
- Huayi Design Consultants
- Kajima Corporation
- LH Corporation
- Medicover Hospitals
- Obayashi Corporation
- Shanghai Construction Group (SCG)
- Shimizu Corporation
- Taeyoung Engineering & Construction
- Tata Memorial Hospital (TMH)
- 11 Healthscope Private Hospitals
- Darwin Group
- Emre Construction
- Henning Larsen
- HPP Architects
- John Laing Group
- Kier Group plc
- Laing O'Rourke
- Marco Casamonti and Partners
- MCC Group
- Morgan Sindall Group plc
- NHS Shared Business Services
- PARKWAY Life Real Estate Investment Trust (Parkway Life Reit)
- Portakabin
- Willmott Dixon
- Metrostav AS
- Enka İnşaat ve Sanayi A.S
- Kovalska Industrial-Construction Group
- Bouygues Construction
- Eiffage
- PORR
- Medicadiz Hospital
- Acciona
- Cencosud Construction
- Al Reem Hospico (ARH)
- Arabian Construction Company (ACC)
- Arabtec Construction LLC
- Arif & Bintoak
- Aster DM Healthcare Limited
- Cofely Besix Mannai Facility Management
- Dallah Healthcare
- Hospinorm
- International Hospitals Construction Co. (IHCC)
- NEOM Co.
- Olayan Group
- Prestige Constructions
- Prime Healthcare Group
- Saudi Binladin Group (SBG)
- Thumbay Builders
- Aveng Group
- Orascom Construction
- Hassan Allam Holding
- Arbico Plc
- Bigen Group
- Saint-Gobain Africa
- Enza Construction
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 311 |
| Published | June 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 293.86 Billion |
| Forecasted Market Value ( USD | $ 400.44 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 68 |
