Global Healthcare Buildings Market Size 2024, Forecast To 2033

The healthcare buildings market has demonstrated steady growth, increasing from $260.94 billion in 2023 to $266.82 billion in 2024, reflecting a compound annual growth rate (CAGR) of 2.3%. This growth in the historical period is attributed to strong economic growth in emerging markets, increased healthcare spending, a rising number of patients, an increase in medical tourists, and rising government support. Forecasts suggest steady growth ahead, with the market expected to reach $294.71 billion in 2028, boasting a compound annual growth rate (CAGR) of 2.5%. This growth is driven by an increasing aging population, increasing chronic diseases, rapid urbanization, and a rising population. Major trends in the forecast period include integrated building systems to enhance patient care, safety, and operational efficiency, sustainability and green building practices to reduce environmental impact, increasing investments in healthcare buildings to improve facilities, and strategic partnerships and collaborations among market players to expand their product portfolio and geographic presence.