According to the report titled ‘Global Modular Healthcare Facilities Market Size study with COVID-19 Impact, by Content Type (Modular Healthcare Buildings, Modular Healthcare Devices, Others), by Application (Hospital, Clinic) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global modular healthcare facilities market is expected to record a substantial growth during 2020-2026.
Increasing efficiency, speed, sustainability, low cost, and higher quality of the service are the key factors driving the growth of global modular healthcare facilities market. Notably, modular healthcare facilities provide flexibility to mold the infrastructure and devices according to requirement. Growing population along with scarcity of land requires the infrastructure and medical staff to be flexible in order to accommodate patients as per requirement.
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The outbreak of COVID-19 has increased the number of patients leading to immense shortage of medical facilities worldwide, facilitating the business scenario. Global demand for advanced medical facilities owing to the pandemic will propel global modular healthcare facilities market expansion. Moreover, modular healthcare building is an ideal solution to meet the surging requirement of wards as it saves space, electricity, resulting in a better networking communication.
Further, need for ultra-hygiene is met by modular healthcare buildings as they offer healthier, safer, and cleaner environment. UK government is encouraging infrastructure including modular healthcare facilities to accommodate more patients, in an effort to curb the coronavirus.
However, lack of skilled labor who are adaptable to use these services is likely to hinder global modular healthcare facilities industry landscape over the study period. Although, with the help of proper training and demonstration, the staff will be able to maintain the facilities.
Leading organizations impacting global modular healthcare facilities market dynamics are Elliott Company, DMDmodular SP Z.O.O., Cotaplan, Portakabin Ltd., ModuleCo Limited, Bussman Medical & Research BV, Mobile Healthcare Facilities LLC, Cadolto Modulbau GmbH, Nelco Ltd., and Veritas Medical Solutions.
Based on content type, worldwide modular healthcare facilities market is divided into modular healthcare devices, modular healthcare buildings, and others. Speaking of application spectrum, the industry is bifurcated into clinic and hospital.
From regional perspective, worldwide modular healthcare facilities market sphere is segmented into North America, Europe, Latin America, Asia Pacific, and Rest of the World. The report claims that North America presently accounts for significant market share and is expected to expand further over the assessment period. The regional growth is attributable to presence of advanced medical facilities and research hub, alongside swift adoption of innovations.
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