U.S. Healthcare Architecture Market Trends

U.S. Healthcare Architecture Market Trends

The growing funding for healthcare infrastructure, both from private and public sources and increasing investments in healthcare facilities by healthcare organizations, private investors, and real estate developers are fuelling the demand for architectural services.
 

• For instance, in 2020, healthcare real estate investment reached USD 11.1 billion, marking a notable increase from previous years in the U.S., according to CBRE Group, Inc. This funding is directed towards the construction of new hospitals, clinics, and medical centers, as well as the refurbishment of existing facilities to meet modern standards and accommodate rising patient demands.
   
• Additionally, healthcare providers are recognizing the impact of well-designed spaces on patient outcomes and satisfaction, leading to a higher demand for specialized architectural services. For instance, American Institute of Architects (AIA) shows that healthcare construction spending in the U.S. grew by 4.1% in 2021, reflecting the industry's commitment to investing in architecture to improve healthcare delivery.
   
• Furthermore, government initiatives aimed at expanding access to healthcare services, upgrading aging infrastructure, and improving healthcare delivery are driving significant investments in new healthcare facilities and renovations. For example, the American Rescue Plan Act of 2021 allocated USD 8.5 billion to support the construction and renovation of healthcare facilities in underserved communities, contributing to the growth of the healthcare architecture market. These investments are expected to continue driving demand for architectural services in the healthcare sector in the coming years.