Medical Office Buildings Market To Reach $62.18 Billion By 2030

Medical Office Buildings Market Growth & Trends

The global medical office buildings market size is anticipated to reach USD 62.18 billion by 2030, registering a CAGR of 6.64% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the increasing demand for healthcare services globally. With growing populations and aging demographics, the need for accessible and modern healthcare facilities is increasing. Growing demand and access to outpatient services globally due to its cost-effective and patient-centered approach to healthcare delivery is expected to drive market growth. This shift is driven by advancements in medical technology, which allow for more procedures to be performed on an outpatient basis, and efforts to reduce healthcare expenditures by avoiding costly inpatient stays.

Therefore, the demand for outpatient clinics and medical office spaces is growing, which can accommodate a wide range of medical specialties and services, from primary care and diagnostics to specialty consultations and minor procedures. This shift toward outpatient care is expected to boost the demand for on-campus and off-campus MOBs. According to Jones Lang LaSalle IP, Inc. (JLL) report published in April 2024, since 2020, the occupancy rate of traditional offices has declined in the U.S. However, the occupancy rate of MOBs increased from 2019 to 2023, with a 1% increase in on-campus and 1.9% in off-campus.

 Request a free sample copy or view report summary: Medical Office Buildings Market Report

Medical Office Buildings Market Report Highlights

• The physician offices segment dominated the market with the largest revenue share in 2023. The increasing trend of physician group practices consolidating and expanding their services under one roof is contributing to the demand for specialized physician office spaces within medical office buildings

• North America held the largest share of the global market’s revenue in 2023 owing to the strong emphasis on patient-centered care and integrated healthcare models

• In December 2023, USA Health opened a new Medical Office Building in West Mobile Campus, U.S. The building includes specialty care and a mobile diagnostic center

Medical Office Buildings Market Segmentation

Grand View Research has segmented the global medical office buildings market on the basis of type, and region:

Medical Office Buildings (MOBs) Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Physician Offices

• Ambulatory Surgery Centers (ASCs)

• Wellness Centers

• Others

Medical Office Buildings (MOBs) Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Medical Office Buildings Market

• PCL Construction Enterprises

• Swinerton

• Skanska

• Clark Group

• Hensel Phelps

• James G. Davis Construction

• Andersen Construction

• Adolfson & Peterson Construction

• Pepper Construction

• HKS Inc

• DPR Construction

• McCarthy Building Companies, Inc.