Medical Office Buildings

Global Medical Office Buildings Market to Reach US$108.2 Billion by 2030

The global market for Medical Office Buildings estimated at US$82.3 Billion in the year 2024, is expected to reach US$108.2 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Physician Offices, one of the segments analyzed in the report, is expected to record a 3.9% CAGR and reach US$47.9 Billion by the end of the analysis period. Growth in the Ambulatory Surgery Centers segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$22.4 Billion While China is Forecast to Grow at 7.3% CAGR

The Medical Office Buildings market in the U.S. is estimated at US$22.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$21.1 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global Medical Office Buildings Market – Key Trends & Drivers Summarized

The medical office buildings (MOBs) market is experiencing significant growth, driven by the increasing demand for outpatient healthcare services, the rise of telemedicine, and shifting patient preferences toward convenient, community-based care centers. As healthcare systems transition from hospital-centric care to outpatient and specialty clinics, the need for modern, well-equipped, and strategically located medical office spaces is rising. Investors, healthcare providers, and real estate developers are capitalizing on this trend by designing MOBs that offer flexibility, integrated technology, and sustainable infrastructure.

What Are the Emerging Trends Shaping the Medical Office Buildings Market?

One of the most significant trends in the MOB market is the growing shift toward outpatient care. With rising healthcare costs and advancements in minimally invasive procedures, diagnostics, and remote monitoring, hospitals are shifting more services to ambulatory care centers, specialty clinics, and urgent care facilities. This transition is fueling demand for MOBs that can accommodate multi-specialty practices, surgical centers, and diagnostic imaging labs under one roof.

Another key trend is the integration of telehealth and digital health infrastructure into MOBs. The rapid growth of telemedicine and hybrid healthcare models is influencing building designs, with telehealth suites, AI-powered patient management systems, and remote consultation hubs becoming essential features. Smart medical offices equipped with IoT-enabled medical devices, automated check-in systems, and virtual reality (VR)-assisted diagnostics are reshaping how healthcare is delivered in outpatient settings.

Sustainability and green building initiatives are also playing a crucial role in shaping the medical office space industry. With increasing environmental concerns, MOBs are incorporating LEED-certified energy-efficient designs, renewable energy solutions, and eco-friendly construction materials. Features such as improved air filtration systems, smart lighting, and water conservation technologies are enhancing patient comfort, operational efficiency, and overall sustainability.

How Are Technological Advancements Driving the Market?

Technological advancements in healthcare infrastructure and building automation are transforming the medical office space market. One of the most notable developments is the integration of AI-driven facility management systems, which optimize space utilization, security, and energy efficiency. Smart MOBs are equipped with automated HVAC systems, real-time patient flow tracking, and AI-assisted appointment scheduling, ensuring seamless operations and reduced administrative burden.

Another breakthrough is the adoption of modular and flexible medical office designs. As healthcare services evolve, MOBs are being designed to accommodate changing space requirements, specialty expansions, and medical technology upgrades. Modular layouts, prefabricated construction elements, and convertible treatment rooms allow healthcare providers to adapt to patient needs, integrate new medical services, and optimize resource allocation without major structural modifications.

The incorporation of robotic process automation (RPA) and AI-powered security systems is also enhancing MOB efficiency. Many modern medical office buildings now feature touchless entry systems, AI-driven surveillance cameras, and robotic assistants for inventory management and patient navigation. These advancements help improve safety, compliance, and operational workflows, ensuring a seamless experience for both patients and medical professionals.

What Is Driving the Growth of the Medical Office Buildings Market?

The growth in the medical office buildings market is driven by several factors, including the rising demand for healthcare services, an aging population, and increased investment in outpatient care facilities. As the global population ages and chronic disease rates rise, healthcare providers are expanding their networks of specialty clinics, diagnostic centers, and rehabilitation facilities, boosting demand for well-located MOBs.

The shift from hospital-based care to decentralized, patient-centric healthcare models is another key driver. Many healthcare systems are reducing hospital stays and focusing on ambulatory care, same-day surgery centers, and community-based medical hubs. This transition is creating opportunities for real estate developers and healthcare investors to develop MOBs that provide high-quality outpatient care closer to residential areas.

Another major growth factor is the expansion of healthcare real estate investment trusts (REITs) and private equity funding in the MOB sector. Investors view medical office buildings as stable, recession-resistant assets, given their long-term tenant occupancy, steady rental income, and resilience to economic downturns. The increased financial backing for state-of-the-art MOB developments, healthcare campus expansions, and mixed-use medical real estate projects is accelerating market growth.

As demand for modern, technology-integrated, and patient-friendly medical office spaces continues to rise, the future of the MOB market will be shaped by smart healthcare facilities, digital health integration, and sustainable construction practices. With innovative building designs, advanced healthcare technologies, and patient-centric service models, MOBs are set to become the cornerstone of next-generation outpatient care delivery worldwide.

SCOPE OF STUDY:

The report analyzes the Medical Office Buildings market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Physician Offices, Ambulatory Surgery Centers, Wellness Centers, Others)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• American Healthcare REIT
• Clark Group
• Health Care REIT, Inc.
• Healthcare Realty Trust
• Healthpeak Properties
• Hensel Phelps
• Kayne Anderson Real Estate
• Lillibridge Healthcare Services
• McCarthy Building Companies
• Medical Properties Trust
• Montecito Medical Real Estate
• Omega Healthcare Investors
• PCL Construction
• Physicians Realty Trust
• Realty Trust Group
• Skanska USA
• Swinerton
• Trammell Crow Company
• Ventas, Inc.
• Welltower Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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