Global Healthcare Architecture Market Report and Forecast 2024-2032

Global Healthcare Architecture Market Outlook

The global healthcare architecture market size attained a value of nearly USD 7.67 billion in 2023. Over the forecast period of 2024-2032, the market is further estimated to grow at a CAGR of 4.0% to reach about USD 10.91 billion by 2032.

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North America to Account for a Significant Share in the Market Growth of Healthcare Architecture

North America accounts for a sizable share in the healthcare architecture market growth on account of the technologically advanced healthcare architecture. Additional factors are the increasing investment in the healthcare industry, especially in the United States due to the rapid adoption of innovative technology.

Meanwhile, there is rapid growth expected in the Asia Pacific region in the market of healthcare architecture during the forecast period. This is due to the growing healthcare industry in the region and rapid urbanisation along with rising demand for technologically advanced hospital infrastructure. Evolving healthcare infrastructure and facilities in developing economies like India and China are further expected to fuel the market growth of healthcare architecture in the Asia Pacific. Increasing expenditure to enhance healthcare infrastructure is likely to drive market growth across the region.

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Market Segmentation

Healthcare architecture can be described as the architecture utilised for constructing and designing hospital facilities involved in medical activities. The construction of hospitals provides a pleasing and efficient environment for the nurses, patients, doctors, and other working professionals in the hospital. The architecture needs to be fully functional, easily accessible, and adaptable to changes.

By facility type, the market for healthcare architecture is divided into:

• ASCs

• Hospitals

• Long Term Care Facilities and Nursing Homes

• Academic Institutes

• Others

Based on service type, the market is categorised into:

• New Construction

• Refurbishment

The EMR report looks into the regional markets of healthcare architecture like Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.

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Evolving Healthcare Infrastructure to Propel the Market Growth of Healthcare Architecture

The healthcare architecture market across the globe is expected to witness growth over the coming years due to rapid developments in healthcare infrastructure and the growing trend of medical tourism. The increasing government initiatives in terms of funds and investments in the healthcare industry in emerging economies are further expected to propel the market growth of healthcare architecture worldwide.

The surging rate of hospitalisation along with the increasing patient population and growing demand for preventive medical care is likely to bolster market growth in the coming years. Based on service type, the new construction segment is expected to fuel the market growth due to increasing demands for innovative hospital architectures and growing medical tourism worldwide.

Key Players in the Global Market for Healthcare Architecture

The report presents a detailed analysis of the following key players in the global market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• HDR, Inc.

• Earl Swensson Associates, Inc. (ESa)

• Stantec Inc.

• Jacobs

• CannonDesign

• NBBJ L.P

• Smith Group

• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report