Healthcare Architecture Market Reached USD 8.17 Billion in 2022; Growing Adoption of Neuroaesthetics to Impel the Market Growth

The global healthcare architecture market size stood at USD 8.17 billion in 2022. The market value is slated to rise from USD 8.52 billion in 2023 to USD 11.85 billion by 2030 at a CAGR of 4.8% during 2023-2030. Fortune Business Insights™ presents this information in its report, titled “Healthcare Architecture Market Size, Share & COVID-19 Impact Analysis, By Facility Type (Hospitals, ASCs, Long Term Care Facilities & Nursing Homes, Academic Institutes, and Others), By Service Type (New Construction, and Refurbishment), and Regional Forecast, 2023-2030” The expansion can be credited to the rising inclination toward space repurposing. Moreover, a repurposing space can be developed more quickly than new construction and incurs less cost. Hospital systems have made space repurposing a popular strategy for the expansion of services away from hospitals.

Implementation of Lockdown Measures Halted the Market Growth Temporarily amid the Pandemic

The COVID-19 pandemic negatively influenced the market on account of the implementation of lockdown measures. Moreover, it compelled the architects and laborers to move to their native places. However, in the post-pandemic era, the preparedness of healthcare institutions for the unexpected scenario helped the market witness considerable growth.

HDR Delivered Community Hospitals Program to Expand its Market Hold

In November 2022, HDR unveiled that it had been selected as a lead design firm on three healthcare projects across the private and public sectors. The company delivered a Community Hospitals Program worth USD 454.6 million for improved access to walk-in hospitals, community health, and social care services closer to home.

According to the company, the program would help improve the healthcare accessibility through telehealth and in-person services across some regions. Moreover, this approach is bringing a major transformation in the healthcare sector.  

Market Value to Grow Owing to Surging Adoption of Neuroaesthetics

Healthcare architecture market growth is driven by the increasing adoption of neuroaesthetics. Responsive spaces can be created using neuroaesthetics that help promote faster healing. This concept is also trending in the health space design. Moreover, neuroaesthetics witnessed increased adoption in the real estate industry after the beginning of the COVID-19 pandemic.

However, the steep price associated with the solution may limit the market growth.

Notable Companies Focus on Securing Contracts to Extend Their Global Footprint

The market is witnessing the deployment of various competitive strategies by leading market players. Prominent companies are focusing on getting contracts from leading players in the healthcare space to enhance their market presence. In addition, they are investing in R&D for product innovations. Many companies are entering partnerships, collaborations, mergers and acquisition strategies, and joint ventures. These initiatives are being undertaken to increase the geographical footprint and maximize revenues.

List of Key Players Profiled:

• HDR (U.S.)


• HKS Inc (U.S.)


• PERKINS & WILL (U.K.)


• Stantec (Canada)


• CannonDesign (U.S.)


• NBBJ (U.S.)


• Perkins Eastman (U.S.)


• SmithGroup (U.S.)


• HOK (U.S.)


• EYP Architecture & Engineering (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/healthcare-architecture-market-100067

Key Industry Development

March 2022- Trillium Health Partners appointed Stantec for planning and designing the Mississauga Hospital facility in Ontario. The new facility is intended to provide specialized care while handling future challenges related to the healthcare infrastructure.

Further Report Findings

• North America healthcare architecture market held the largest share in 2022. The regional growth can be credited to the growing technological innovations.


• The Asia Pacific market for healthcare architecture is anticipated to witness the fastest growth rate during the forecast period. The regional growth can be ascribed to the rising demand for the repurposing space concept for the accommodation of a maximum number of people in limited healthcare facilities.


• Europe market for healthcare infrastructure witnessed a significant share in 2022. The regional growth can be attributed to surging private and public partnerships.


• By facility type, the market is divided into ASCs, hospitals, academic institutes, long term care facilities & nursing homes, and others. The hospitals segment dominated the market in 2022. Governments across the globe are focusing on improving the healthcare architecture. This factor is creating a notable impetus for the segment growth.


• In terms of service type, the market is divided into new construction and refurbishment. The new construction segment accounted for the largest healthcare architecture market share in 2022. Governments of emerging nations are investing huge amounts in the hospital sector. This factor is propelling the segment growth.