Summary
Investment in new healthcare facilities across the Asia-Pacific region is rising at a fast pace, supported by the region’s economic expansion and population growth. China, being the most populous country and the economic power for the region, has the highest value healthcare construction project pipeline, totaling US$48.6 billion. However, China is at the lower end of the measure of healthcare expenditure relative to GDP, at around 5.5% of GDP compared to the US with close to 17% and Australia’s 9.4%. It is a similar situation in India, which has a project pipeline valued at US$15.9 billion, but spends less than 4% of its GDP on healthcare.
The need for an increase in investment in new healthcare facilities in the region is paramount, given the expected increase in old-age populations across the region. According to the OECD the share of the population aged 65 years and over in Asian countries is expected to increase from 8.1% in 2015 to reach 20.5% in 2050. Life expectancy at birth across 22 Asian countries reached 73.7 years in 2015, a larger gain than in OECD countries.
The overall projects pipeline is relatively well advanced, with projects in the late stages of pre-execution and execution totaling US$66.8 billion, equivalent to 57.4% of the total. Projects in the early stages of pre-planning and planning account for the remaining 42.6%.
GlobalData’s Construction Intelligence Center is currently tracking healthcare construction projects in Asia-Pacific with a total value of US$116.3 billion, which includes projects from the announced to execution stages.
Key Highlights
- Based on the assumption that all projects complete on time, healthcare facilities with close to 94,000 beds will be completed in 2020, up from an average of around 53,000 in both 2018 and 2019. This is based on available data on capacity for 65% of all projects currently being tracked.
- The public sector is directly funding nearly half of all projects by value (48%), while the private sector is directly funding 40%. The remaining 12% of project by value are being funded by various joint public and private undertakings. Of the major markets in the region, the Philippines has the highest proportion of privately financed projects, at 89% of the total, and Japan has the highest proportion of publicly financed projects (100%), followed by Singapore with 77%.
- China accounts for the highest value of the project pipeline, with a value of US$48.6 billion, followed by Australia with projects valued at US$20.2 billion. India follows with projects valued at US$15.9 billion. and US$8.7 billion respectively. Japan has a high proportion of projects at the execution stage - 97% - with little in the planning pipeline.
Scope
- The report provides detailed projects analysis, information and insights based on all major healthcare buildings projects in Asia-Pacific.
- The report provides detailed metrics on health construction projects (as tracked by GlobalData) split by country, type and value. Detailed metrics are also provided for the top 10 countries.
Reasons to buy
- Gain insight into the development of the healthcare buildings construction sector in Asia-Pacific.
- Assess all major projects by value, start date, scope and stage of development in the Asia-Pacific region and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
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Table of Contents
1. OVERVIEW 6
2. KEY OPERATORS 12
2.1. Contractors 12
2.2. Consultants 12
2.3. Owners 13
3. PROJECT ANALYTICS BY COUNTRY 14
3.1. China 14
3.2. Australia 16
3.3. India 18
3.4. Hong Kong 20
3.5. Malaysia 22
3.6. Vietnam 24
3.7. Singapore 26
3.8. Japan 28
3.9. New Zealand 30
3.10. Philippines 32
4. ABOUT GLOBALDATA 34
4.1. GlobalData at a Glance 34
4.2. GlobalData Construction 35
4.3. Disclaimer 36
4.4. Contact Us 36
List of Tables
Table 1: Asia-Pacific - Healthcare Construction Project Pipeline, All Countries (US$ million) 10
Table 2: Asia-Pacific - Healthcare Construction Projects, Top 50 Projects by Value 11
Table 4: Asia-Pacific - Healthcare Construction Projects, Key Contractors 12
Table 4: Asia-Pacific - Healthcare Construction Projects, Key Consultants 12
Table 5: Asia-Pacific - Healthcare Construction Projects, Key Owners 13
List of Figures
Figure 1: Asia-Pacific - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 7
Figure 2: Asia-Pacific - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 7
Figure 3: Asia-Pacific - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 8
Figure 4: Asia-Pacific - Healthcare Construction Project Pipeline, Top 10 Countries by Value (US$ million) 8
Figure 5: Asia-Pacific - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 9
Figure 5: China - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 14
Figure 6: China - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 14
Figure 7: China - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 15
Figure 8:China - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 15
Figure 9: Australia - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 16
Figure 10: Australia - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 16
Figure 11: Australia - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 17
Figure 12: Australia - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 17
Figure 13: India - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 18
Figure 14: India - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 18
Figure 15: India - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 19
Figure 16: India - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 19
Figure 17: Hong Kong - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 20
Figure 18: Hong Kong - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 20
Figure 19: Hong Kong - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 21
Figure 20: Hong Kong - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 21
Figure 21: Malaysia - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 22
Figure 22: Malaysia - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 22
Figure 23: Malaysia - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 23
Figure 24: Malaysia - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 23
Figure 25: Vietnam - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 24
Figure 26: Vietnam - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 24
Figure 27: Vietnam - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 25
Figure 28: Vietnam - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 25
Figure 29: Singapore - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 26
Figure 30: Singapore - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 26
Figure 31: Singapore - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 27
Figure 32: Singapore - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 27
Figure 33: Japan - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 28
Figure 34: Japan - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 28
Figure 35: Japan - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 29
Figure 36: Japan - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 29
Figure 37: New Zealand - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 30
Figure 38: New Zealand - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 30
Figure 39: New Zealand - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 31
Figure 40: New Zealand - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 31
Figure 41: Philippines - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 32
Figure 42: Philippines - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 32
Figure 43: Philippines - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 33
Figure 44: Philippines - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 33
