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 …
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