Summary
With rising economic prosperity in emerging markets and aging populations in many advance economies, demand for healthcare services continues to grow. Rapid population and economic growth in Asia-Pacific, in particular, is creating the need and financial means to provide an efficient health service for the region. There remains huge potential for further investment in healthcare buildings in Asia-Pacific, given the relatively low levels of spending on healthcare currently in some of the largest countries in the region, such as China (healthcare spending as a proportion of GDP at just 5.5%) and India (4%).
The Middle East and Africa region is implementing construction programs for health buildings. Mandatory health insurance is also being introduced in some Middle Eastern countries, which will increase private investment in healthcare facilities in the region. Saudi Arabia leads the region for value of projects, with its current project pipeline having a total value of US$16.6 billion. Europe’s mature healthcare market is being driven by the aging population of ‘baby boomers’, which will require more primary healthcare and nursing facilities over the next three decades. Funding will come from the governments of major countries, and increasingly from private insurance schemes.
The pipeline is relatively mature, in that projects currently in execution amount to US$235.5 billion, accounting for 52% of the total, while projects in the pre-execution stages account for 16%. Projects currently in the planning stage amount to US$138.3 billion (30.5% of total), with early stage projects, those at the pre-planning stage (announced and study), totaling US$5.6 billion (just over 1% of the total). Assuming all projects proceed as planned, annual spending on the projects currently in the pipeline will reach around US$87.2 billion in 2019, up from US$70.8 billion in 2018.
GlobalData’s Construction Intelligence Center is currently tracking global healthcare construction projects with a total value of US$453 billion (including all projects from announced to execution stage). The North America region accounts for the highest share, with a combined project pipeline valued at US$153.1 billion, ahead of Asia-Pacific with US$116.3 billion. Western Europe’s pipeline is valued at US$98.7 billion, followed by the Middle East and Africa (US$51.6 billion), Eastern Europe (US$23.9 billion) and Latin America (US$19.6 billion).
Key Highlights
- The public sector continues to invest heavily in healthcare construction globally, with public investment solely funding 47% of all projects b value. Private sector funding accounts for 40%, while joint public and private arrangements are funding the remaining 13%. The private sector is most dominant in North America, accounting for 67% of the total. The cash rich countries of the Gulf region mean that government-funded projects are dominant.
- The US has the highest value of healthcare construction projects, according to the pipeline tracked by the CIC, with US$120 billion, followed by China with US$48.6 billion. Canada and Australia follow, with project pipelines valuing US$22.8 billion and US$20.2 billion.
- The number of healthcare beds that will be added globally by the projects currently tracked is 554,000 (this relates to 65% of projects in the pipeline that have finalized bed capacity statistics). The Asia-Pacific region has the highest number of new beds added to be provided by the healthcare construction project pipeline, at 262,000, of which China will have 115,600.
- The highest-value project is the US$10 billion Chengdu Healthcare Park in Sichuan, China, which involves the construction of a number of hospitals and health facilities on one site.
Scope
- The report provides detailed projects analysis, information and insights based on over 2,000 projects in the global market.
- The report provides detailed metrics on health construction projects (as tracked by GlobalData) split by country, type and value. Detailed metrics are also provided for the top 10 countries.
Reasons to buy
- Gain insight into the development of the global healthcare buildings construction sector.
- Assess all major projects by value, start date, scope and stage of development globally, for the regions and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
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Table of Contents
1. GLOBAL OVERVIEW 6
2. REGIONAL OVERVIEW - THE AMERICAS 12
3. REGIONAL OVERVIEW - EUROPE 22
4. REGIONAL OVERVIEW - ASIA-PACIFIC 32
5. REGIONAL OVERVIEW - MIDDLE EAST AND AFRICA 38
6. PROJECT ANALYTICS BY COUNTRY 44
6.1. The US 44
6.2. China 46
6.3. Canada 48
6.4. Australia 50
6.5. Saudi Arabia 52
6.6. India 54
6.7. The UK 56
6.8. Germany 58
6.9. Turkey 60
6.10. France 62
7. ABOUT GLOBALDATA 64
7.1. GlobalData at a Glance 64
7.2. GlobalData Construction 65
7.3. Disclaimer 66
7.4. Contact Us 66
List of Tables
Table 1: Global - Healthcare Construction Projects, Top 50 Projects by Value 11
Table 2: The Americas - Healthcare Construction Project Pipeline, Value by Country and Stage (US$ million) 18
Table 3: North America - Healthcare Construction Projects, Key Contractors 19
Table 4: Latin America - Healthcare Construction Projects, Key Contractors 19
Table 5:North America - Healthcare Construction Projects, Key Consultants 20
Table 6:LatinAmerica - Healthcare Construction Projects, Key Consultants 20
Table 7: North America - Healthcare Construction Projects, Key Owners 21
Table 8:Latin America - Healthcare Construction Projects, Key Owners 21
Table 9: Western Europe - Healthcare Construction Project Pipeline, Value by Country and Stage (US$ million) 28
Table 10: Eastern Europe - Healthcare Construction Project Pipeline, Value by Country and Stage (US$ million) 28
Table 11: Western Europe - Healthcare Construction Projects, Key Contractors 29
Table 12: Eastern Europe - Healthcare Construction Projects, Key Contractors 29
Table 13: Western Europe - Healthcare Construction Projects, Key Consultants 30
Table 14:Eastern Europe - Healthcare Construction Projects, Key Consultants 30
Table 15: Western Europe - Healthcare Construction Projects, Key Owners 31
Table 16: Eastern Europe - Healthcare Construction Projects, Key Owners 31
Table 17: Asia-Pacific - Healthcare Construction Project Pipeline, All Countries (US$ million) 36
Table 18: Asia-Pacific - Healthcare Construction Projects, Key Contractors 37
Table 19: Asia-Pacific - Healthcare Construction Projects, Key Consultants 37
Table 20: Asia-Pacific - Healthcare Construction Projects, Key Owners 37
Table 21: Middle East and Africa - Healthcare Construction Project Pipeline, Value by Country and Stage (US$ million) 42
Table 22:Middle East and Africa - Healthcare Construction Projects, Key Contractors 43
Table 23:Middle East and Africa - Healthcare Construction Projects, Key Consultants 43
Table 24: Middle East and Africa - Healthcare Construction Projects, Project owners 43
List of Figures
Figure 1: Global - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 7
Figure 2: Global - Healthcare Construction Project Pipeline, Value by Stage and Region (US$ million) 7
Figure 3: Global - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 8
Figure 4:Global - Healthcare Construction Project Pipeline, Top 10 Countries by Value (US$ million) 8
Figure 5: Global - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 9
Figure 6: Global - Healthcare Construction Project Pipeline, Funding Mode by Region (% of Total Pipeline Value) 9
Figure 7: Global - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (units) 10
Figure 8: Global - Healthcare Construction Project Pipeline, Bed Capacity by Region (units) 10
Figure 9: North America - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 13
Figure 10: Latin America - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 13
Figure 11: North America - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 14
Figure 12: Latin America Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 14
Figure 13: North America - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 15
Figure 14: Latin America - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 15
Figure 15:North America - Healthcare Construction Project Pipeline, by Country and Value (US$ million) 16
Figure 16:Latin America - Healthcare Construction Project Pipeline, by Country and Value (US$ million) 16
Figure 17: North America - Healthcare Construction Project Pipeline, All Countries Bed Capacity by Stage (units) 17
Figure 18: Latin America - Healthcare Construction Project Pipeline, All Countries Bed Capacity by Stage (units) 17
Figure 19: Western Europe - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 23
Figure 20: Eastern Europe - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 23
Figure 21: Western Europe - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 24
Figure 22: Eastern Europe - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 24
Figure 23: Western Europe - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 25
Figure 24: Eastern Europe - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 25
Figure 25: Western Europe - Healthcare Construction Project Pipeline, Top 10 Countries by Value (US$ million) 26
Figure 26: Eastern Europe - Healthcare Construction Project Pipeline, Top 10 Countries by Value (US$ million) 26
Figure 27: Western Europe - Healthcare Construction Project Pipeline, All Countries Bed Capacity by Stage (units) 27
Figure 28: Eastern Europe - Healthcare Construction Project Pipeline, All Countries Bed Capacity by Stage (units) 27
Figure 29: Asia-Pacific - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 33
Figure 30: Asia-Pacific - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 33
Figure 31: Asia-Pacific - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 34
Figure 32: Asia-Pacific - Healthcare Construction Project Pipeline, Top 10 Countries by Value (US$ million) 34
Figure 33: Asia-Pacific - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 35
Figure 34: Middle East and Africa- Healthcare Construction Project Pipeline, All countries Value by Stage (US$ million) 39
Figure 35: Middle East and Africa - Healthcare Construction Project Pipeline, All Countries Projected Annual Spending By Stage (US$ million) 39
Figure 36: Middle East and Africa - Healthcare Construction Projects, by Funding Mode (% of Total Pipeline Value) 40
Figure 37: Middle East and Africa - Healthcare Construction Project Pipeline, Top 10 Countries by Stage (US$ million) 40
Figure 38: Middle East and Africa - Healthcare Construction Project Pipeline, All Countries Bed Capacity by Stage (units) 41
Figure 39:The US - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 44
Figure 40:The US - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 44
Figure 41:The US - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 45
Figure 42:The US - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 45
Figure 43: China - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 46
Figure 44: China - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 46
Figure 45: China - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 47
Figure 46: China - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 47
Figure 47:Canada - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 48
Figure 48: Canada - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 48
Figure 49: Canada - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 49
Figure 50: Canada - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 49
Figure 51: Australia - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 50
Figure 52: Australia - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 50
Figure 53: Australia - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 51
Figure 54: Australia - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 51
Figure 55: Saudi Arabia- Health Construction Projects Pipeline, Value by Stage (US$ million) 52
Figure 56: Saudi Arabia - Healthcare Construction Projects Pipeline, Projected Annual Spending by Stage (US$ million) 52
Figure 57: Saudi Arabia - Healthcare Construction Projects, by Funding Mode (% of Total Pipeline Value) 53
Figure 58: Saudi Arabia- Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 53
Figure 59: India - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 54
Figure 60: India - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 54
Figure 61: India - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 55
Figure 62: India - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 55
Figure 63:The UK - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 56
Figure 64: The UK - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 56
Figure 65: The UK- Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 57
Figure 66: The UK - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 57
Figure 67: Germany - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 58
Figure 68: Germany - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 58
Figure 69: Germany - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 59
Figure 70: Germany - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 59
Figure 71: Turkey - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 60
Figure 72: Turkey - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 60
Figure 73: Turkey - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 61
Figure 74: Turkey - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 61
Figure 75: France - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 62
Figure 76: France - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 62
Figure 77: France - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 63
Figure 78: France - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 63
