Europe Modular Construction for Healthcare Market to Hit USD 4,110.0 Mn by 2027; Rising Demand for Efficient Healthcare Facilities to Fuel Market Growth: Fortune Business Insights(TM)
List of Key Companies Covered in the Europe Modular Construction for Healthcare Market Report: Forta PRO (Riga, Latvia), Wernick Group (England, United Kingdom), Algeco (Modulaire Group) (London, United Kingdom), VINCI Construction Grands Projets (VINCI GROUP), (Brentford United Kingdom), Bouygues Construction (Paris, France), Portakabin (England, United Kingdom), Swedish Modules AB (Emtunga, Sweden), KLEUSBERG GmbH & Co. KG (Wissen, Germany), Skanska (Stockholm, Sweden), LAING O’ROURKE (Dartford, United Kingdom), Elite Systems GB Limited (England, United Kingdom), Spacemaker Modular & Portable Buildings (England, United Kingdom)
Pune, India, Feb. 17, 2021 (GLOBE NEWSWIRE) — The Europe modular construction for healthcare market size is projected to reach USD 4,110.0 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. The increasing adoption of modular technologies by health facilities across Europe to aid the fight against the COVID-19 pandemic has opened new doors of innovation in this market, observes Fortune Business Insights™ in its report, titled “ Europe Modular Construction for Healthcare Market Size, Share & Covid-19 Impact Analysis, By Type (Permanent Modular Construction (PMC), and Relocatable Modular Construction), By Application (Surgery Room & Theatres, Laboratories, Emergency Rooms, Hospital Wards & Therapy Centers, Offices, Pharmacy, and Others) and Country Forecast, 2020-2027 ”.
The unprecedented stress exerted on healthcare systems around the globe by the coronavirus has forced countries to rapidly explore and implement efficient solutions to effectively manage the waves of COVID-19 patients. Europe, in particular, has been severely hit by the virus, with cases in the UK, France, Spain, and Italy rising relentlessly. Modular construction for healthcare applications has emerged as one of the most favored techniques to speedily respond to the current crisis, enabling health facilities to deliver care to COVID patients efficiently. For example, at the Wigan Infirmary in Manchester, UK, modular wards for coronavirus patients have been built, housing 52 beds, of which 28 are dedicated for critical care. Similarly, a 20-bed isolation ward was built within 2 months at the Royal Surrey County Hospital, UK. The construction of novel modular medical facilities catering to the escalating coronavirus cases allowed this market to register positive growth of 4.9% and reach a value of USD 2,790.0 million in 2020.
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According to the report, the value of the market stood at USD 2,660.0 million in 2019. The report also offers the following:
- Holistic assessment of the factors driving and constraining the market;
- In-depth diagnosis of the performance of each & every Europe Modular Construction for Healthcare Market segment;
- Granular analysis of the regional dynamics and competitive environment of the market; and
- Comprehensive projections of upcoming opportunities and trends in the Europe Modular Construction for Healthcare Market .
Growing Utilization of Modular Construction Techniques in Europe to Benefit the Market
The Europe modular construction for healthcare market growth is benefiting from the expanding deployment of modular building technologies by health facilities across Europe. For example, the Alder Hey Children’s Hospital in Liverpool, UK implemented recycled and refurbished modular structures for its three new buildings. The modular technique allowed the hospital to accommodate essential facilities within a confined space, with the construction getting completed in just four months. Similarly, at the Hayes Cottage Hospital in Middlesex, the UK National Health Service (NHS) built a Renal Dialysis Satellite Unit using the modular approach, which complied perfectly with the local council’s external building requirements and the NHS’ internal quality standards. Further, companies in the modular construction for healthcare domain in Europe are also coming up with next-gen technologies. In December 2020, for instance, Switzerland-based RAD Technology Medical Systems added a compact shielding facility to house the latest models of low energy, self-shielded linear accelerators to their modular healthcare solutions portfolio.
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UK Boasts Market Size of USD 376.9 Million, Generates Wide Opportunities for Key Players
The UK dominated the Europe modular construction for healthcare market share, boasting a market size of USD 376.9 million in 2019. The principal force driving the country’s market is the wide scope for innovation for creating green building modules in the UK. Manufacturers across the UK are focusing on developing innovative and high-quality modular construction for healthcare solutions, which is propelling the country’s market growth. Other European countries, such as Germany, France, and the Netherlands, are also adopting modular construction technologies to augment their healthcare delivery capacity, especially amid the current pandemic situation.
Collaborations between Health Services and Market Companies to Characterize Competition
Key players in this Europe Modular Construction for Healthcare Market are focused on deepening their relationship with national health services of countries across Europe by designing and offering advanced modular solutions for enhanced healthcare delivery. This strategy has been the core focus area for most market companies as it allows them to diversify their operations and entrench their market position.
- September 2020: Portakabin became part of the NHS Shared Business Services procurement framework that will allow health facilities under the NHS across the UK to easily access Portakabin’s modular construction solutions as per requirement.
- March 2020: Latvia-based Forta PRO announced the completion of the MARS Satellite Radiology Clinic building, in collaboration with a Dutch construction company, in Copenhagen, Denmark. A venture of the Bispebjerg and Frederiksberg Hospital, the project aims at providing acute care services and advancing medical research.
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List of Key Companies Covered in the Europe Modular Construction for Healthcare Market Report:
- Forta PRO (Riga, Latvia)
- Wernick Group (England, United Kingdom)
- Algeco (Modulaire Group) (London, United Kingdom)
- VINCI Construction Grands Projets (VINCI GROUP) (Brentford, United Kingdom)
- Bouygues Construction (Paris, France)
- Portakabin (England, United Kingdom)
- Swedish Modules AB (Emtunga, Sweden)
- KLEUSBERG GmbH & Co. KG (Wissen, Germany)
- Skanska (Stockholm, Sweden)
- LAING O’ROURKE (Dartford, United Kingdom)
- Elite Systems GB Limited (England, United Kingdom)
- Spacemaker Modular & Portable Buildings (England, United Kingdom)
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Table Of Content:
- Definition, By Segment
- Research Approach
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- PESTLE Analysis
- Porter’s Five Force Analysis
- Europe Modular Construction for Healthcare Market Share Analysis and Matrix, 2019
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players (Would be provided for 10 players only)
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Gross Margin
- Geographical Share
- Business Segment Share
- Recent Developments
- Primary Interview Responses
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