NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global modular construction market in healthcare sector size is estimated to grow by USD 10.86 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.4% during the forecast period. Increase in demand for customizable healthcare construction is driving market growth, with a trend towards rise in usage of modular construction in healthcare sector post covid-19 pandemic. However, construction issues related to standardization in healthcare sector poses a challenge. Key market players include Black Diamond Group Ltd., BMarko Structures LLC, Commercial Structures Corp., Cotaplan, Elite Systems GB Ltd., EPACK Polymers Pvt Ltd., Fero International Inc, MCC Group London, Midlands Portable Buildings, Modulaire Group, Modular Genius, Modulus Housing, MTX Contracts Ltd., POL R Enterprises Inc., Premier Modular Group, Pressmach Infrastructure Pvt Ltd., Ramtech Building Systems Inc., Red Sea International Co., Rheinmetall AG, Triumph Modular Inc., Vanguard Healthcare Solutions, and Wilmot Modular Structures Inc..
The modular construction market in the healthcare sector has experienced notable growth due to the advantages it offers over traditional construction methods. During the COVID-19 pandemic, the urgent need for additional healthcare facilities highlighted critical infrastructure shortages. Modular construction, also known as prefabrication or off-site construction, provides a solution by manufacturing components in a controlled factory environment and assembling them on-site. In India, this method has gained popularity for hospital architecture and design due to its benefits, including reduced construction time, cost-effectiveness, and high-quality standards. Modular construction enables rapid expansion of healthcare infrastructure, addressing the need for more patient care facilities. Its flexibility in design and scalability allows healthcare providers to adapt to changing needs and future expansions. The global modular construction market in the healthcare sector is expected to grow significantly due to these advantages.
In the healthcare sector, modular construction is a trending solution for building facilities due to its efficiency and flexibility. This construction method involves prefabricating buildings off-site and transporting them to the final location for assembly. Geopolitical conditions and supply chain disruptions can impact logistics, but modular construction's efficient production helps mitigate delays. Millennials prefer convenient, tech-savvy solutions, and modular construction aligns with this trend. Technological advances like blockchain and the Internet of Things enhance supply chain monitoring and sales tracking. Regulations, inflation, and raw material prices can impact costs, but plant-based alternatives and sustainable packaging offer solutions. Modular facilities, such as cleanrooms, are popular for therapeutics, biosimilars, and vaccines production. Flexibility and scalability make modular construction ideal for temporary buildings and facility expansions. Healthcare stakeholders benefit from construction timelines and quality standards, while modular facility providers offer customizable capabilities. Weather-related concerns and operational maintenance are addressed through modular cleanrooms and aseptic filling facilities. Manufacturing facilities and production processes benefit from design flexibility and the ability to adapt to changing market demands. Overall, modular construction's capabilities and portfolios make it a valuable investment for the healthcare sector.
The global modular construction market in the healthcare sector confronts substantial challenges, primarily in ensuring safety standards and regulatory compliance. A tragic fire incident at a children's hospital in East Delhi in May  2024, resulting in the loss of 34 lives, underscores the critical importance of stringent safety measures and enforcement. This incident involved the illegal refilling of gas cylinders within the hospital premises, raising concerns about non-adherence to safety protocols and hazardous practices. To mitigate these risks, it is imperative to conduct regular safety audits and inspections, ensuring compliance with safety standards. Enforcing these regulations can be challenging, leading to preventable accidents and loss of life. Integration of advanced fire safety systems and emergency response mechanisms is essential, especially in older healthcare facilities. Many lack modern fire suppression systems, adequate evacuation routes, and emergency preparedness plans. Construction of healthcare facilities should prioritize the use of non-combustible materials and proper handling and storage of flammable substances. The Delhi and Rajkot incidents reveal a gap in implementing these essential safety measures. The lack of standardized regulations in the construction industry, particularly in modular construction that extensively uses materials like wood, poses a significant challenge for the market's growth during the forecast period. In the healthcare sector, modular construction is gaining popularity due to its flexibility and scalability in building various facilities. However, there are challenges that need to be addressed. Functional foods, organic, vegan, and clean label trends impact the design and production of modular facilities. Integration of technology such as Blockchain, Internet of Things, and Bio-Based materials also adds complexity. Weather-related concerns during off-site construction require careful planning. Modular cleanrooms, aseptic filling facilities, and advanced pharmaceutical production facilities demand high quality standards and customization options. Healthcare stakeholders seek short construction timelines and capability to expand or modify facilities. Modular facility providers must offer flexibility in designing modular facilities for therapeutics, biosimilars, vaccines, and manufacturing processes. Steel, wood, and concrete are common materials used in prefabricated buildings, requiring expertise in various capabilities. Bio-safety level-3 facilities, monoclonal antibodies, viral vectors, and bioprocess development add to the complexity of modular facility design and construction.

Healthcare Modular Construction Market to Grow by USD 10.86 Billion (2024-2028) as Demand for Customizable Solutions Rises; AI Impact Report on Market Trends - Technavio

Technavio forecasts the global healthcare modular construction market to grow by USD 10.86 billion between 2024 and 2028, driven by increasing demand for customizable solutions.  The market's growth is projected at a 16.4% CAGR. While the rising use of modular construction post-COVID-19 pandemic fuels growth, standardization challenges in the healthcare sector pose a significant obstacle.  Key players include Black Diamond Group Ltd., BMarko Structures LLC, Commercial Structures Corp., Cotaplan, Elite Systems GB Ltd., EPACK Polymers Pvt Ltd., Fero International Inc, MCC Group London, Midlands Portable Buildings, Modulaire Group, Modular Genius, Modulus Housing, MTX Contracts Ltd., POL R Enterprises Inc., Premier Modular Group, Pressmach Infrastructure Pvt Ltd., Ramtech Building Systems Inc., Red Sea International Co., Rheinmetall AG, Triumph Modular Inc., Vanguard Healthcare Solutions, and Wilmot Modular Structures Inc.  A fire incident in a Delhi children's hospital in May 2024 highlighted safety concerns within the industry.