According to the Spanish National Research Council and Cybermetrics Lab, high demand for advanced and efficient patient care has led to the construction of new hospitals and some of the construction projects involve investments as huge as US$ 500 Mn. This is likely to propel the demand for healthcare architecture. The number of healthcare architecture establishments are also expected to increase during the forecast period 2018-2025 owing to the high demand for a design consultant for healthcare facilities. Some of the established healthcare architecture firms in the market are Stantec, Jacobs Engineering Group, CannonDesign, NBBJ, and Smith Group.
The Global Healthcare Architecture Market is likely to expand at a 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%.
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.
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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 a 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 the benefits of sophisticated healthcare infrastructure, governments across several countries have decided to act upon it. Therefore, there have been increasing investment by the 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.
Design-orientated Healthcare Architecture: A Growing Trend
An increasing number of healthcare organizations are investing in design-orientated healthcare. The 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 increasing adoption among end users. The growing adoption of design-orientated architecture has led to an increase in the growth of the global healthcare architecture market. Huge demand for high-quality architecture is likely to boost the global market in the forthcoming years.
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Kengo Kuma Unveils First-Ever Green Hospital in Tokyo
In 2015, Kengo Kuma introduced the first ever green hospital in Tokyo, aimed at maximizing the use of nature’s attributes. The company launched at hospital surrounded by a huge landscape of the garden and natural vicinity. The company stated that it made minimal uses of conventional resources and maximized the area by mostly capitalizing on naturally open spaces. Building healthcare infrastructure within natural habitats leads to an improved atmosphere and weather conditions for diagnosed patients. The hospital also acted as a rehabilitation centre for related people. This approach was widely accepted by people and has led to a demand for similar infrastructures in countries from around the world. This has favoured the growth of the global healthcare architecture market and is likely to aid the marker throughout the forecast period.
Some of the leading companies that are operating in the global healthcare architecture market are HDR, HKS, Stantec, Jacobs Engineering Group, CannonDesign, NBBJ, Perkins+Will and Smith Group.
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