Healthcare Architecture Market Size, Insights, Growth Opportunity, Regional Analysis by 2028

 The global healthcare architecture market is likely to expand at decent pace due to recent trends in architectural design and implementation. According to a report published by Fortune Business Insights, titled “Healthcare Architecture Market Size, Share and Global Trend By Product Facility Type (Hospitals, ASCs, Long Term Care Facilities & Nursing Homes, Academic Institutes & Others), Service Type (New Construction & Refurbishment) and Geography Forecast till 2025,” the market is likely to reach US$ 8,210.5 Mn by 2025. The rise in market valuation from US$ 5,954.3 Mn indicates that the market will exhibit a CAGR of 4.1%.

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The increasing geriatric population and fierce market competition have created a high demand for improved quality of patient care, which have kept healthcare architecture companies on their toes. Incorporation of automated concepts has led to a substantial rise in adoption of modern design concepts in healthcare architecture.

Design-orientated Healthcare Architecture: A Growing Trend

An increasing number of healthcare organizations are investing in design-orientated healthcare. Design-orientated approach helps build a favourable infrastructure for patients and reduce chances of failure in architectural design. Furthermore, various other needs are being sufficed with the implementation of healthcare architecture including legal compliances, increased efficiency, reduced costs, and optimized work area. The aforementioned factors have led to an increasing adoption among end users. The growing adoption of design-orientated architecture has led to an increase in growth of the global healthcare architecture market. A huge demand for high-quality architecture is likely to boost the global market in the forthcoming years.

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Increasing Public and Private Investments to Boost the Global Market

Healthcare architecture involves various stages of product lifecycle such as research, design, implementation, and maintenance of infrastructure. Healthcare institutions naturally require high quality of care and design and an even better approach as far as patient comfort is concerned. Such high calibre of construction may incur a high cost for completion. With increasing awareness regarding benefits of sophisticate healthcare infrastructure, governments across several countries have decided to act upon it. Therefore, there have been increasing investment by public as well as private organizations towards building and improvement of healthcare institutions. The aforementioned factors bode well for the healthcare architecture market and are likely to boost the market in the coming years.

On the basis of Geography, the Global Healthcare Architecture Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America, emerged dominant in the global Healthcare Architecture Market in 2017. Moreover, North America is expected to remain dominant through the forecast period also owing to the high demand for the technologically advanced hospital architecture in the U. S. Asia Pacific is also among the lucrative markets for Healthcare Architecture firms owing to the rising demand from Japan, backed by the nation’s developed healthcare infrastructure. Besides Japan, China has also contributed to the Healthcare Architecture Market in the Asia Pacific by increasing expenditure to improve healthcare infrastructure. Evolving healthcare infrastructure in developing nations such as China, India, and others offer immense growth opportunities for the Healthcare Architecture Market in the Asia Pacific.