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Europe Modular Construction for Healthcare Market to Rise at 5.7% CAGR till 2027; Increasing Demand for Rural Health Centers to Stimulate Market Growth

February 15, 2021 | Machinery & Equipment

The Europe modular construction for healthcare market size is projected to reach USD 4,110.0 million by 2027 owing to the rising popularity of re-locatable healthcare modules in the continent, states Fortune Business Insights™ in its report, titled “Europe Modular Construction for Healthcare Market Size, Share & Covid-19 Impact Analysis, By Type (Permanent Modular Construction (PMC), and Relocatable Modular Construction), By Application (Surgery Room & Theatres, Laboratories, Emergency Rooms, Hospital Wards & Therapy Centers, Offices, Pharmacy, and Others) and Country Forecast, 2020-2027”. The report further states that the market value was USD 2,660.0 million in 2019 and that the market is anticipated to register a CAGR of 5.7% from 2020 to 2027.


The COVID-19 pandemic has proved to be a favorable development for the growth of this market as this historic health crisis has pushed national health services across Europe to adopt modular construction solutions to effectively manage the surging coronavirus cases. As a result, the Europe modular construction for healthcare market growth rate by 4.9% in 2020, hitting a value of USD 2,790.0 million.


Laing O’Rourke Appointed as Government’s Strategic Supplier


The Cabinet Office of the UK government confirmed the appointment of Laing O’Rourke as its strategic supplier in December 2020. The selection of Laing follows the government’s plans to augment investments in vital infrastructures, including the School Rebuilding Program, the construction of 40 new hospitals by 2030, and the building of nuclear facilities and rail projects. With a focus on attaining infrastructural goals using modern construction methods, such as modular solutions, the UK government aims at leveraging Laing’s proven capability of delivering the promised output in a timely manner. The Grange University Hospital in South Wales, for instance, was completed by Laing using modern building methods four months ahead of schedule.


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


https://www.fortunebusinessinsights.com/europe-modular-construction-for-healthcare-market-104806


Logistical Challenges of Modular Constructions to Inhibit Market Growth


While the introduction of modular construction for healthcare has immensely benefited the medical sector, the logistical challenges associated with the delivery of these structures are expected to thwart the growth trajectory of this market. For example, the modules need to be carefully packaged, loaded, and transported to the concerned site from an off-site location, which may be far away. Moreover, since the logistics involved in the delivery of these structures are complex, the managers need to envisage the materials and design required at the beginning of the project itself, complicating the process even further. In addition, the preparations entailing the supply of materials and the final product to the concerned destination end up pushing up the initial manufacturing and transportation costs, even though the overall cost-savings in the long-run are substantial. The complex logistics and packaging processes surrounding the modular construction for healthcare domain are foreseen to limit its adoption in the healthcare sector.


Top Players to Aid Fight against the Coronavirus with Novel Solutions


As the COVID-19 pandemic ravages healthcare systems around the world in general and Europe in particular, key players in the modular construction for healthcare space are coming up with novel solutions to aid the fight against the coronavirus. In pursuit of this end, companies are actively partnering with health service providers and government authorities to speedily equip doctors, physicians, and nurses with the necessary structures to effectively treat critical patients.


Industry Development:



  • April 2020: Elite Systems began the manufacturing of a modular isolation ward, having 20 beds, for the Royal Surrey County Hospital in the UK. Built as a response to COVID-19, the facility is estimated to be completed within 8 weeks.


List of Key Players Profiled in the Market Report:



  • Swedish Modules AB (Emtunga, Sweden)

  • KLEUSBERG GmbH & Co. KG (Wissen, Germany)

  • Skanska (Stockholm, Sweden)

  • LAING O'ROURKE (Dartford, United Kingdom)

  • Elite Systems GB Limited (England, United Kingdom‎)

  • Spacemaker Modular & Portable Buildings (England, United Kingdom‎)

  • Forta PRO (Riga, Latvia)

  • Wernick Group (England, United Kingdom‎)

  • Algeco (Modulaire Group) (London, United Kingdom)

  • VINCI Construction Grands Projets (VINCI GROUP) (Brentford, United Kingdom)

  • Bouygues Construction (Paris, France)

  • Portakabin (England, United Kingdom‎)


Further Report Findings:



  • The laboratories, offices, and pharmacy segments are anticipated to grow steadily in the forthcoming years as modular construction for healthcare solutions are widely adopted in remote locations. In 2019, the laboratories segment held a share of 20.1%, the offices segment held a share of 13.0%, and the pharmacy segment held a share of 8.5% in the market. In the UK market, the laboratories, offices, and pharmacy segments held a share of 20.8%, 12.9%, and 8.4%, respectively, in 2019.

  • The UK is expected to lead the Europe modular construction for healthcare market share during the forecast period because of the dominant presence of modular building manufacturers in the country. The UK market size in 2019 stood at USD 376.9 million.


Table of Segmentation














































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD million)



Segmentation



  Type, Application, Country



By Type




  • Permanent Modular Construction (PMC)

  • Relocatable Modular Construction



By Application




  • Surgery Room & Theatres

  • Laboratories

  • Emergency Rooms

  • Hospital Wards & Therapy Centers

  • Offices

  • Pharmacy

  • Others (Secure Storage, etc.)



By Country




  • The UK (By Application)

  • Germany (By Application)

  • France (By Application)

  • Italy (By Application)

  • Spain (By Application)

  • Nordics (By Application)

  • Poland (By Application)

  • Benelux (By Application)

  • Czech Republic (By Application)

  • Romania (By Application)

  • Baltics Countries (By Application)

  • Rest of Europe


Europe Modular Construction for Healthcare Market
  • PDF
  • 2019
  • 2016-2018
  • 120

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