According to a new report, published by KBV research, The Global Medical Office Buildings Market size is expected to reach $62.6 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period.
The medical office buildings market represents a vital component of the healthcare infrastructure, increasingly becoming a focal point for investment, development, and innovation. As healthcare delivery evolves, the demand for specialized, well-equipped spaces tailored to medical services continues to grow. This demand is driven by several key factors, including the aging population, the shift towards outpatient care, technological advancements in medical treatment, and the expansion of healthcare services. Each of these elements contributes to the rising importance and value of MOBs, making them a critical asset class in the real estate and healthcare sectors.
One of the primary drivers of the market is the demographic shift towards an older population. The expansion of healthcare facilities is necessary to meet the increasing demand from this aging demographic, which is characterized by a higher incidence of chronic diseases and increased healthcare utilization. Medical office buildings are essential in providing accessible, specialized care for older adults, including geriatric services, chronic disease management, and routine medical check-ups. The proximity of these facilities to residential areas ensures that older adults can receive timely and convenient care, reducing the need for hospital visits and enhancing overall patient outcomes.
The Physician Offices segment is growing at a CAGR of 6 % during the forecast period. The demand for specialized physician services is on the rise as a result of advancements in medical technology and treatment options. Patients seek specialists for conditions requiring specialized care, such as cardiology, oncology, and orthopedics.
Full Report: https://www.kbvresearch.com/medical-office-buildings-market/
The North America region dominated the Global Medical Office Buildings Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $23.2 billion by 2031. The Europe region is anticipated to grow at a CAGR of 6.1% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 6.9% during (2024 - 2031).
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