The North America Medical Office Buildings Market would witness market growth of 5.8% CAGR during the forecast period (2024-2031).
The US market dominated the North America Medical Office Buildings Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $16,712.1 Million by 2031. The Canada market is experiencing a CAGR of 8.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.2% during (2024 - 2031).
A factor that is driving the market's growth is the ongoing transition from inpatient to outpatient care. Outpatient procedures have become increasingly viable due to advancements in medical technology and treatment methods, which are frequently more cost-effective and convenient for patients.
In the United States, for example, outpatient visits have steadily increased over the past decade, outpacing the growth of inpatient visits. Advancements in medical technology, including minimally invasive surgeries and enhanced diagnostic tools, have facilitated the performance of numerous procedures on an outpatient basis, thereby driving this trend. Furthermore, outpatient care is frequently more cost-effective than inpatient care, as it does not necessitate the same level of infrastructure and staffing.
The World Bank anticipates that Mexico's urban population will surpass 90% by 2050 as the country is rapidly urbanizing. This urbanization trend leads to increased demand for healthcare services, including outpatient care provided in MOBs in urban areas. Additionally, the growing middle class in Mexico is driving demand for higher-quality healthcare services, leading to an increase in the construction of modern healthcare facilities, including MOBs. These factors contribute to the increasing demand for MOBs in the region.
Free Valuable Insights: The Medical Office Buildings Market is Predict to reach USD 62.6 Billion by 2031, at a CAGR of 6.3%
Based on Type, the market is segmented into Physician Offices, Wellness Centers, Ambulatory Surgery Centers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- PCL Industrial Constructors, Inc.
- Swinerton Inc.
- Skanska Group
- Clark Construction Group, LLC
- Hensel Phelps Construction Co.
- James G Davis Construction Corporation
- Andersen Construction
- Adolfson & Peterson Construction
- Pepper Construction
- HKS Inc.
North America Medical Office Buildings Market Report Segmentation
By Type
- Physician Offices
- Wellness Centers
- Ambulatory Surgery Centers
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Medical Office Buildings Market, by Type
1.4.2 North America Medical Office Buildings Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Medical Office Buildings Market by Type
4.1 North America Physician Offices Market by Country
4.2 North America Wellness Centers Market by Country
4.3 North America Ambulatory Surgery Centers Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Medical Office Buildings Market by Country
5.1 US Medical Office Buildings Market
5.1.1 US Medical Office Buildings Market by Type
5.2 Canada Medical Office Buildings Market
5.2.1 Canada Medical Office Buildings Market by Type
5.3 Mexico Medical Office Buildings Market
5.3.1 Mexico Medical Office Buildings Market by Type
5.4 Rest of North America Medical Office Buildings Market
5.4.1 Rest of North America Medical Office Buildings Market by Type
Chapter 6. Company Profiles
6.1 PCL Industrial Constructors, Inc.
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.1.3 SWOT Analysis
6.2 Swinerton Inc.
6.2.1 Company Overview
6.2.2 Recent strategies and developments:
6.2.2.1 Partnerships, Collaborations, and Agreements:
6.2.3 SWOT Analysis
6.3 Skanska Group
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Partnerships, Collaborations, and Agreements:
6.3.6 SWOT Analysis
6.4 Clark Construction Group, LLC
6.4.1 Company Overview
6.4.2 SWOT Analysis
6.5 Hensel Phelps Construction Co.
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Geographical Expansions:
6.5.3 SWOT Analysis
6.6 James G Davis Construction Corporation
6.6.1 Company Overview
6.7 Andersen Construction
6.7.1 Company Overview
6.7.2 SWOT Analysis
6.8 Adolfson & Peterson Construction
6.8.1 Company Overview
6.9 Pepper Construction
6.9.1 Company Overview
6.9.2 SWOT Analysis
6.10. HKS Inc.
6.10.1 Company Overview
TABLE 1 North America Medical Office Buildings Market, 2020 - 2023, USD Million
TABLE 2 North America Medical Office Buildings Market, 2024 - 2031, USD Million
TABLE 3 North America Medical Office Buildings Market by Type, 2020 - 2023, USD Million
TABLE 4 North America Medical Office Buildings Market by Type, 2024 - 2031, USD Million
TABLE 5 North America Physician Offices Market by Country, 2020 - 2023, USD Million
TABLE 6 North America Physician Offices Market by Country, 2024 - 2031, USD Million
TABLE 7 North America Wellness Centers Market by Country, 2020 - 2023, USD Million
TABLE 8 North America Wellness Centers Market by Country, 2024 - 2031, USD Million
TABLE 9 North America Ambulatory Surgery Centers Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Ambulatory Surgery Centers Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 12 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Medical Office Buildings Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Medical Office Buildings Market by Country, 2024 - 2031, USD Million
TABLE 15 US Medical Office Buildings Market, 2020 - 2023, USD Million
TABLE 16 US Medical Office Buildings Market, 2024 - 2031, USD Million
TABLE 17 US Medical Office Buildings Market by Type, 2020 - 2023, USD Million
TABLE 18 US Medical Office Buildings Market by Type, 2024 - 2031, USD Million
TABLE 19 Canada Medical Office Buildings Market, 2020 - 2023, USD Million
TABLE 20 Canada Medical Office Buildings Market, 2024 - 2031, USD Million
TABLE 21 Canada Medical Office Buildings Market by Type, 2020 - 2023, USD Million
TABLE 22 Canada Medical Office Buildings Market by Type, 2024 - 2031, USD Million
TABLE 23 Mexico Medical Office Buildings Market, 2020 - 2023, USD Million
TABLE 24 Mexico Medical Office Buildings Market, 2024 - 2031, USD Million
TABLE 25 Mexico Medical Office Buildings Market by Type, 2020 - 2023, USD Million
TABLE 26 Mexico Medical Office Buildings Market by Type, 2024 - 2031, USD Million
TABLE 27 Rest of North America Medical Office Buildings Market, 2020 - 2023, USD Million
TABLE 28 Rest of North America Medical Office Buildings Market, 2024 - 2031, USD Million
TABLE 29 Rest of North America Medical Office Buildings Market by Type, 2020 - 2023, USD Million
TABLE 30 Rest of North America Medical Office Buildings Market by Type, 2024 - 2031, USD Million
TABLE 31 key information – PCL Industrial Constructors, Inc.
TABLE 32 Key Information – Swinerton Inc.
TABLE 33 Key Information – Skanska Group
TABLE 34 Key Information – Clark Construction Group, LLC
TABLE 35 Key Information – Hensel Phelps Construction Co.
TABLE 36 Key Information – James G Davis Construction Corporation
TABLE 37 Key Information – Andersen Construction
TABLE 38 Key Information – Adolfson & Peterson Construction
TABLE 39 Key Information – Pepper Construction
TABLE 40 Key Information – HKS Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Medical Office Buildings Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Medical Office Buildings Market
FIG 4 Porter’s Five Forces Analysis – Medical Office Buildings Market
FIG 5 North America Medical Office Buildings Market share by Type, 2023
FIG 6 North America Medical Office Buildings Market share by Type, 2031
FIG 7 North America Medical Office Buildings Market by Type, 2020 - 2031, USD Million
FIG 8 North America Medical Office Buildings Market share by Country, 2023
FIG 9 North America Medical Office Buildings Market share by Country, 2031
FIG 10 North America Medical Office Buildings Market by Country, 2020 - 2031, USD Million
FIG 11 SWOT Analysis: PCL Industrial Constructors, Inc.
FIG 12 SWOT Analysis: Swinerton Inc.
FIG 13 SWOT Analysis: Archer Daniels Midland Company
FIG 14 SWOT Analysis: Clark Construction Group, LLC
FIG 15 SWOT Analysis: Hensel Phelps Construction Co.
FIG 16 SWOT Analysis: Andersen Construction
FIG 17 SWOT Analysis: Pepper Construction