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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.
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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.
List of Key Players Profiled in the Market Report:
Further Report Findings:
Table of Segmentation
Value (USD million)
Type, Application, Country