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U.S. Healthcare Architecture Market Trends

Report ID: GMI9418 Published Date: May 2024Report Format: PDF
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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.
Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

Why is the demand for new construction healthcare architecture rising in the U.S.?+

The new construction segment in the U.S. healthcare architecture market generated USD 1.6 billion revenue in 2023, owing to the rising need to provide the best possible care to patients by constructing advanced facilities.

Mention the key players involved in U.S. healthcare architecture industry+

CannonDesign, EYP Architecture & Engineering, HDR, Inc., HKS Inc., HOK Group, Inc., Jacobs Solutions

Why is the demand for healthcare architecture growing in hospitals in the U.S.?+

The hospitals segment in the market accounted for 46.4 % share in 2023, as many hospitals are affiliated with academic institutions and research centers, combining patient care with education and research activities.

What is the size of the U.S. healthcare architecture industry?+

U.S. healthcare architecture market size was valued at USD 2.5 billion in 2023 and is estimated to grow at 5.4% CAGR from 2024 to 2032, driven by rising rate of hospital admissions and the increasing demand for preventive medical care.

U.S. Healthcare Architecture Market Scope

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