Hospital Architecture Market Size, Share and Global Trend By Facility Type (Hospitals, Ambulatory Surgery Centers, LT care facilities & nursing homes, Academic institutes) By Architecture Type (New Construction, Refurbishment), Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Hospital Architecture refers to the architecture that is utilized for the designing of healthcare facilities and specially designed for the undertaking of medical activities. The construction of hospitals is especially critical for the maintenance of public health as they contain all the important components needed for the diagnosis, treatment, and management of a variety of medical diseases and disorders.
They are also very crucial in the times of epidemics and endemics as hospitals in some instances also contain the facility of quarantine, which is necessary for the maintenance of public health. According to the Cybermetrics Lab, the research group of the Spanish National Research Council (CSIC), there are over 16,500 hospitals around the world. Due to the increased requirement of new hospitals, there are a number of new hospital constructions and refurbishments on the pipeline, with some of the investments amounting to US$ 500 Mn.
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The growth in the Hospital Architecture Market will be primarily driven by the increasing rate of hospitalizations which can be attributed to increasing diagnosis of acute and chronic diseases, increasing incidences of traumas and also, rising demand for preventive medical care. Also, in many of the regions, there has been an increasing trend of medical tourism, which requires an extensively developed medical infrastructure.
The factor that is expected to inhibit the growth of the market is the huge investment that the building or refurbishment of hospital architecture requires. Also, in many of the underdeveloped markets, in the regions where there are hospitals to be constructed, there is often difficulty in the transportation of machinery and raw materials, thus, hindering the plans for construction of hospital architecture.
Key Players Covered
Some of the major companies that are present in the global Hospital Architecture market are HDR, HKS, Stantec, Jacobs Engineering Group, CannonDesign, NBBJ, Perkins+Will and Smith Group, and other players.
SEGMENTATION
SEGMENTATION | DETAILS |
By Facility Type | · Hospitals · Ambulatory Surgery Centers · LT care facilities & nursing homes · Academic institutes · Others |
ByArchitecture Type | · New Construction · Refurbishment |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
At present, hospitals account for the largest proportion of the market due to hospitals being the most primary and common form of hospital architecture globally. The share of ambulatory surgery centers segment is also bound to increase, due to their increasing usage and applicability for a number of diverse applications such as diagnostic procedures and emergency treatment.
Key Insights
- Overview of key industry trends such as mergers & acquisitions
- Overview of the number of registered architects by key countries
- Overview of service providers by key regions
Regional Analysis
The Global Hospital Architecture Market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are the two largest markets for Hospital Architecture at present and they are expected to account for a large proportion of the market in the forecast period as well. This high share of North America can be attributed to their high and sustained demand for the most advanced hospital architecture and their associated high investments. In the Asia Pacific region, Japan is expected to provide the largest market opportunity. This is owing to the fact that Japanese healthcare is developed and there is a high demand for the technologically advanced hospital architecture. China also contributes heavily due to the increase in the expenditure of Chinese healthcare.
Key Industry Developments
- In July 2018, the firm Perkins + Will, became the first architecture firm to win two 2018 National Healthcare Design awards from the American Institute of Architects
- In November 2018, the architect firm, HDR received the top prize in architecture for their design of a futuristic mobile hospital
- In February 2017, the Kengo Kuma & Associates of Japan, unveiled the first ever Green Hospital in Tokyo
- Ongoing
- 2023
- 2019-2022
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