Summary
Western Europe has an advanced healthcare sector, funded by central governments and insurance, with France, Italy, Germany and the UK having state funded healthcare systems. The private sector is also fully developed based on funding from insurance schemes which is often offered as part of employment packages.
The ageing population of leading-edge ‘baby boomers’, those born between 1946 and 1955, continues to put a large burden on healthcare facilities, increasing the need for acute, primary care and long-term nursing facilities across Europe. In the UK, total current healthcare expenditure stood at GBP192 billion in 2016, including both government and non-government spending. This is equivalent to 9.8% of GDP, unchanged from 2015, according to the UK’s Office for National Statistics. In France, healthcare spending stands at around 11% of GDP, with a similar level in Germany, both above the OECD average of 8.9%.
The healthcare sector in Eastern Europe is not as advanced as those across much of Western Europe, with spending generally at lower levels. Nevertheless, healthcare spending is increasing across the region. Bulgaria spent 8.2% of GDP on healthcare during 2015, followed by Hungary with 7.2% and Slovakia with 6.9%. Healthcare spending in Turkey is relatively low, at around 4% of GDP. However, the share of government spending on healthcare in Turkey has increased significantly in recent years as insurance coverage to the population has expanded. In Russia, President Vladimir Putin aims to increase healthcare spending over the coming years. Data from the World Bank shows that spending in Russia is equivalent to 5.6% of GDP.
GlobalData’s Construction Intelligence Center is currently tracking health construction projects in Western Europe with a total value of US$98.7 billion, which includes projects from the announced to execution stages. In Eastern Europe, the pipeline has a total value of US$23.9 billion.
Key Highlights
- In Western Europe, public funding accounts for 67% of the project pipeline by value. Public-private funding accounts for 13%, while private funding accounts for the remaining 20%. This reflects the strong commitment by Western European governments to provide a nationally funded healthcare system for their populations. In Eastern Europe, the funding structure is different from Western Europe, with a greater reliance on PPPs. Public funding accounts for 36% of the project pipeline by value. Public-private funding accounts for 47%, while private funding accounts for the remaining 17%.
- The UK leads Western Europe for value of projects, with US$15.8 billion, followed by Germany with US$14.5 billion. France and Switzerland follow with projects valuing US$11.7 billion and US$11.4 billion respectively. The top 10 countries by value of heath projects in Western Europe account for US$86.5 billion.
- Based on the data available on the capacity of new projects in terms of beds, the project pipeline in Western Europe will provide a total of 54,235 beds, and in Eastern Europe 46,374 beds.
- The highest value healthcare project in Western Europe is in Denmark, the US$5.5 billion Godstrup Regional Hospital, followed by the US$4.3 billion Gaustad Hospital Development in Norway. The Godstrup project involves the construction of a 133,730m2 hospital on 37ha area in Herning, Central Denmark.
Scope
- The report provides detailed projects analysis, information and insights based on all major healthcare buildings projects in Europe.
- The report provides detailed metrics on health construction projects (as tracked by GlobalData) split by country, type and value. Detailed metrics are also provided for the top 10 countries.
Reasons to buy
- Gain insight into the development of the healthcare buildings construction sector in Europe.
- Assess all major projects by value, start date, scope and stage of development globally, for both Western and Eastern Europe and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
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Table of Contents
1. OVERVIEW 6
2. KEY OPERATORS 15
2.1. Contractors 15
2.2. Consultants 16
2.3. Owners 17
3. PROJECT ANALYTICS BY COUNTRY -WESTERN EUROPE 18
3.1. The UK 18
3.2. Germany 20
3.3. France 22
3.4. Switzerland 24
3.5. Denmark 26
4. PROJECT ANALYTICS BY COUNTRY - EASTERN EUROPE 28
4.1. Turkey 28
4.2. Russia 30
4.3. Romania 32
4.4. Poland 34
4.5. Estonia 36
5. ABOUT GLOBALDATA 38
5.1. GlobalData at a Glance 38
5.2. GlobalData Construction 39
5.3. Disclaimer 40
5.4. Contact Us 40
List of Tables
Table 1: Western Europe - Healthcare Construction Project Pipeline, Value by Country and Stage (US$ million) 12
Table 2: Eastern Europe - Healthcare Construction Project Pipeline, Value by Country and Stage (US$ million) 12
Table 3: Western Europe - Healthcare Construction Projects, Top 50 Projects by Value 13
Table 4: Eastern Europe - Healthcare Construction Projects, Top 50 Projects by Value 14
Table 5: Western Europe - Healthcare Construction Projects, Key Contractors 15
Table 6: Eastern Europe - Healthcare Construction Projects, Key Contractors 15
Table 7: Western Europe - Healthcare Construction Projects, Key Consultants 16
Table 8:Eastern Europe - Healthcare Construction Projects, Key Consultants 16
Table 9: Western Europe - Healthcare Construction Projects, Key Owners 17
Table 10: Eastern Europe - Healthcare Construction Projects, Key Owners 17
List of Figures
Figure 1: Western Europe - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 7
Figure 2: Eastern Europe - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 7
Figure 3: Western Europe - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 8
Figure 4: Eastern Europe - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 8
Figure 5: Western Europe - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 9
Figure 6: Eastern Europe - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 9
Figure 7: Western Europe - Healthcare Construction Project Pipeline, Top 10 Countries by Value (US$ million) 10
Figure 8: Eastern Europe - Healthcare Construction Project Pipeline, Top 10 Countries by Value (US$ million) 10
Figure 9: Western Europe - Healthcare Construction Project Pipeline, All Countries Bed Capacity by Stage (units) 11
Figure 10: Eastern Europe - Healthcare Construction Project Pipeline, All Countries Bed Capacity by Stage (units) 11
Figure 11:The UK - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 18
Figure 12: The UK - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 18
Figure 13: The UK- Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 19
Figure 14: The UK - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 19
Figure 15: Germany - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 20
Figure 16: Germany - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 20
Figure 17: Germany - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 21
Figure 18: Germany - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 21
Figure 19: France - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 22
Figure 20: France - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 22
Figure 21: France - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 23
Figure 22: France - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 23
Figure 23: Switzerland - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 24
Figure 24: Switzerland - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 24
Figure 25: Switzerland - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 25
Figure 26: Switzerland - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 25
Figure 27: Denmark - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 26
Figure 28: Denmark - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 26
Figure 29: Denmark - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 27
Figure 30: Denmark - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 27
Figure 31: Turkey - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 28
Figure 32: Turkey - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 28
Figure 33: Turkey - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 29
Figure 34: Turkey - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 29
Figure 35: Russia - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 30
Figure 36: Russia - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 30
Figure 37: Russia - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 31
Figure 38: Russia - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 31
Figure 39: Romania - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 32
Figure 40: Romania - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 32
Figure 41: Romania - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 33
Figure 42: Romania - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 33
Figure 43: Poland - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 34
Figure 44: Poland - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 34
Figure 45: Poland - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 35
Figure 46: Poland - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 35
Figure 47: Estonia - Healthcare Construction Project Pipeline, Value by Stage (US$ million) 36
Figure 48: Estonia - Healthcare Construction Project Pipeline, Projected Spending by Stage (US$ million) 36
Figure 49: Estonia - Healthcare Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 37
Figure 50: Estonia - Healthcare Construction Project Pipeline, Capacity by Year of Project Completion (No. of Beds) 37
