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Healthcare Buildings Market Size Forecast Points To $353.62 Billion In Revenue By 2030
The healthcare buildings market size has experienced consistent growth in recent years. It is anticipated to expand from $299.48 billion in 2025 to $307.69 billion in 2026, achieving a compound annual growth rate (CAGR) of 2.7%. This historic growth can be linked to several factors, including the expansion of hospital infrastructure, an increasing need for acute care facilities, greater public healthcare investments, a reliance on traditional construction methods, and the rising demand for specialized medical spaces.
The market for healthcare buildings is projected to experience consistent expansion over the upcoming years. By 2030, this market is anticipated to reach a value of $353.62 billion, exhibiting a compound annual growth rate (CAGR) of 3.5%. This projected growth stems from several factors, including an increasing need for technologically sophisticated healthcare facilities, the expansion of refurbishment and modernization initiatives, greater investment in outpatient and specialized care centers, a growing focus on sustainable healthcare design, and the development of modular and prefabricated medical structures. Key trends for the forecast period encompass the expansion of hospital infrastructure, a rising demand for specialized medical facilities, an intensified focus on architectural designs that control infection, an increase in refurbishment and modernization projects, and a stronger emphasis on patient-centric building configurations.
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Healthcare Buildings Market Driver Analysis: Key Factor Supporting Revenue Growth
Rising healthcare spending is expected to drive the growth of the healthcare buildings market. Healthcare expenditure encompasses the total spending on healthcare products and services, including medical equipment, hospital care, physician services, prescription medications, and public health initiatives. Increased investment in healthcare facilities and services supports the development and expansion of healthcare buildings by creating a greater need for medical infrastructure. For instance, in 2023, according to the American Medical Association, a US-based professional association representing physicians and medical students, healthcare spending grew by 7.5% in 2023, compared with an increase of 4.6% in 2022. Therefore, the rise in healthcare expenditure is contributing to the growth of the healthcare buildings market.
Healthcare Buildings Market Segmentation Framework: Major Segments At A Glance
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
Latest Healthcare Buildings Market Developments And Emerging Trends
Product innovation is emerging as a significant trend gaining traction in the hospital buildings market. Key companies operating in the hospital buildings market are prioritizing the development of innovative products to solidify their market position. For instance, in February 2023, RSC Architects, a US-based architectural firm, unveiled the Helena Theurer Pavilion, a 530,000-square-foot facility at Hackensack University Medical Center. This pioneering nine-story surgical and intensive care tower is setting a higher benchmark for patient care expertise across the New York metropolitan area. The Pavilion features all-private patient rooms and incorporates the newest ‘smart hospital’ technology, with every element thoughtfully planned to deliver an exceptional patient experience.
Which Companies Are Shaping The Healthcare Buildings Market?
Major companies operating in the healthcare buildings market are 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, Sungdo Engineering & Construction Co. Ltd., Hansen Yuncken, PORR, Bouygues Construction, Eiffage, Turner Construction, Brasfield & Gorrie, The Boldt Company, Bechtel, Techint Engineering & Construction, Acciona, Arabtec Construction LLC, Saudi Binladin Group (SBG), Olayan Group, Aveng Group, Orascom Construction, Hassan Allam Holding, Arbico Plc.
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Healthcare Buildings Market Regional Distribution: Where Is Revenue Concentrated?
North America was the largest region in the healthcare buildings market in 2025. The regions covered in the healthcare buildings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
