PUBLISHER: Grand View Research | PRODUCT CODE: 1726383
PUBLISHER: Grand View Research | PRODUCT CODE: 1726383
U.S. Healthcare Real Estate Market Size, Share & Trends Analysis Report By Property (Hospitals, Medical Office Buildings, Senior Living & Retirement Communities), By Model (Sales, Rental, Lease) And Segment Forecasts, 2025 - 2030
U.S. Healthcare Real Estate Market Growth & Trends:
The U.S. healthcare real estate market size is expected to reach USD 1,876.77 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.2% from 2025 to 2030. The market is experiencing robust growth, driven by several key factors reshaping the landscape and presenting significant opportunities for investors and developers, such as the aging population, healthcare spending, the expansion of outpatient facilities, and new technologies. The demographic shift towards an older population drives healthcare real estate expansion. By 2030, all baby boomers will be over 65, increasing the senior population to 20% of the U.S. total. This age group is expected to account for 37% of national healthcare spending, with per capita expenditures significantly higher than younger cohorts. The growing need for age-appropriate healthcare services is fueling demand for facilities such as outpatient centers, specialty clinics, and senior living communities. Medical Outpatient Buildings (MOBs) have seen increased occupancy rates, reaching 92.8% in Q4 2024. This shift is driven by patient preferences for convenience and cost-effective care.
Alongside this demographic shift, the current healthcare capacity highlights growing pressure on the system. According to the American Hospital Association, as of 2025, the U.S. has 6,093 hospitals, of which 5,112 are classified as community hospitals. A population of around 331 million translates to just 1.84 hospitals per 100,000 people. This relatively low ratio underscores the need for new healthcare facilities, creating strong opportunities for real estate development in the healthcare sector.
Moreover, the rising incidence of acute diseases is compounding the demand. For instance, conditions like acute kidney injury (AKI) are becoming more common, driven in part by the aging population and the increasing prevalence of chronic illnesses such as diabetes and hypertension. According to the 2020 Annual Data Report, these health challenges contribute to rising hospitalization rates.
In 2025, the U.S. is projected to experience about 36.2 million hospitalizations, which is expected to climb to 40.2 million by 2035. This trend reflects the growing demand for inpatient care and highlights the urgency of expanding hospital capacity. As hospitalizations increase and physician shortages persist, the pressure to invest in new medical facilities becomes even more critical.
U.S. Healthcare Real Estate Market Report Highlights:
- The senior living and retirement community sector is on a strong growth trajectory and is projected to showcase significant growth from 2024 to 2030. This surge is primarily driven by the aging baby boomer population, which is fueling demand for post-retirement living options that offer comfort and access to specialized healthcare services. Real estate developers and institutional investors are increasingly drawn to this sector, recognizing it as a stable, long-term asset class.
- Medical Outpatient Buildings (MOBs) are capitalizing on changing healthcare preferences, particularly the shift toward more accessible outpatient care. In 2024, MOBs saw a decline in vacancy rates and an increase in asking rents, even in the face of new supply. This reflects robust demand as patients and providers seek care facilities closer to residential areas.
- The lease model dominated the healthcare real estate sector in 2024, holding a market share of 65.10%. Its popularity stems from the financial flexibility it offers healthcare providers, enabling them to invest more in patient care rather than property ownership. Leasing also facilitates scalability, allowing facilities to adjust space usage based on shifting patient volumes and service models. For investors, long-term lease agreements provide stable income and lower risk, making this model especially attractive to REITs and institutional buyers.
- The market is being shaped by industry giants such as Welltower Inc. ($82.34B market cap), Ventas Inc. ($24.94B), and Healthpeak Properties Inc. ($14.44B). These players dominate due to their scale, diversification, and strategic partnerships. Welltower, in particular, maintains the largest and most varied portfolio among healthcare REITs, spanning senior housing, outpatient facilities, and health systems. Their large-scale operations allow them to mitigate risk, secure long-term operator relationships, and maintain consistent performance, even in fluctuating market conditions. Their depth of experience and sector focus give them a significant edge in a growing and increasingly competitive market.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Materials & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. U.S. Healthcare Real Estate Market Variables and Trends
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Market Challenges
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.7. Market Entry Strategies
Chapter 4. U.S. Healthcare Real Estate Market: Property Estimates & Trend Analysis
- 4.1. U.S. Healthcare Real Estate Market, By Property: Key Takeaways
- 4.2. Property Movement Analysis & Market Share, 2024 & 2030
- 4.3. Market Estimates & Forecasts, by Property, 2018 - 2030 (USD Billion)
- 4.3.1. Hospitals
- 4.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.2. Medical Office Buildings (MOBs)
- 4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.3. Senior Living and Retirement Communities
- 4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion).
- 4.3.4. Long-Term Care and Specialty Centers
- 4.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.5. Medical Centers (Life Science, Biotech, Research Centers, etc.)
- 4.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.6. Others (Retail Health, Health Campuses, etc.)
- 4.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 4.3.1. Hospitals
Chapter 5. U.S. Healthcare Real Estate Market: Model Estimates & Trend Analysis
- 5.1. U.S. Healthcare Real Estate Market, By Model: Key Takeaways
- 5.2. Model Movement Analysis & Market Share, 2024 & 2030
- 5.3. Market Estimates & Forecasts, by Model, 2018 - 2030 (USD Billion)
- 5.3.1. Sales
- 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.2. Rental
- 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.3. Lease
- 5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.3.1. Sales
Chapter 6. U.S. Healthcare Real Estate Market: Competitive Analysis
- 6.1. Recent Developments & Impact Analysis by Key Market Participants
- 6.2. Company Categorization
- 6.3. Participant's Overview
- 6.4. Financial Performance
- 6.5. Product Benchmarking
- 6.6. Company Market Share Analysis, 2024 (%)
- 6.7. Company Heat Map Analysis, 2024
- 6.8. Strategy Mapping
- 6.9. Company Profiles
- 6.9.1. Welltower Inc.
- 6.9.1.1. Company Overview
- 6.9.1.2. Financial Performance
- 6.9.1.3. Service Portfolios
- 6.9.1.4. Strategic Initiatives
- 6.9.2. Ventas, Inc
- 6.9.2.1. Company Overview
- 6.9.2.2. Financial Performance
- 6.9.2.3. Service Portfolios
- 6.9.2.4. Strategic Initiatives
- 6.9.3. Healthpeak Properties, Inc
- 6.9.3.1. Company Overview
- 6.9.3.2. Financial Performance
- 6.9.3.3. Service Portfolios
- 6.9.3.4. Strategic Initiatives
- 6.9.4. Omega Healthcare Investors, Inc
- 6.9.4.1. Company Overview
- 6.9.4.2. Financial Performance
- 6.9.4.3. Service Portfolios
- 6.9.4.4. Strategic Initiatives
- 6.9.5. Healthcare Realty Trust Incorporated
- 6.9.5.1. Company Overview
- 6.9.5.2. Financial Performance
- 6.9.5.3. Service Portfolios
- 6.9.5.4. Strategic Initiatives
- 6.9.6. CareTrust REIT, Inc
- 6.9.6.1. Company Overview
- 6.9.6.2. Financial Performance
- 6.9.6.3. Service Portfolios
- 6.9.6.4. Strategic Initiatives
- 6.9.7. The GEO Group, Inc
- 6.9.7.1. Company Overview
- 6.9.7.2. Financial Performance
- 6.9.7.3. Service Portfolios
- 6.9.7.4. Strategic Initiatives
- 6.9.8. Sabra Health Care REIT, Inc
- 6.9.8.1. Company Overview
- 6.9.8.2. Financial Performance
- 6.9.8.3. Service Portfolios
- 6.9.8.4. Strategic Initiatives
- 6.9.9. National Health Investors, Inc
- 6.9.9.1. Company Overview
- 6.9.9.2. Financial Performance
- 6.9.9.3. Service Portfolios
- 6.9.9.4. Strategic Initiatives
- 6.9.10. Medical Properties Trust, Inc
- 6.9.10.1. Company Overview
- 6.9.10.2. Financial Performance
- 6.9.10.3. Service Portfolios
- 6.9.10.4. Strategic Initiatives
- 6.9.1. Welltower Inc.
List of Tables
- Table 1. U.S. healthcare real estate market: Key market driver analysis
- Table 2. U.S. healthcare real estate market: Key market restraint analysis
- Table 3. U.S. healthcare real estate market estimates & forecast, by property, 2018 - 2030 (USD Billion)
- Table 4. U.S. Hospital real estate market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 5. U.S. medical office buildings real estate market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 6. U.S. senior living and retirement communities real estate market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 7. U.S. long-term care and specialty care centers real estate market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 8. U.S. medical centers real estate market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 9. U.S. healthcare real estate market estimates & forecast for other types of properties, 2018 - 2030 (USD Billion)
- Table 10. U.S. healthcare real estate market estimates & forecast, by model, 2018 - 2030 (USD Billion)
- Table 11. U.S. healthcare real estate sales market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 12. U.S. healthcare real estate rental market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 13. U.S. healthcare real estate lease market estimates & forecast, 2018 - 2030 (USD Billion)
- Table 14. Recent developments & impact analysis, by key market participants
- Table 15. Company market share, 2024 (%)
- Table 16. Company heat map analysis, 2024
- Table 17. Companies implementing key strategies
List of Figures
- Fig. 1 U.S. healthcare real estate market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot
- Fig. 8 Competitive landscape Snapshot
- Fig. 9 Parent industry and U.S. healthcare real estate market size, 2024 (USD Billion)
- Fig. 10 U.S. healthcare real estate market: Value chain analysis
- Fig. 11 U.S. healthcare real estate market: Dynamics
- Fig. 12 U.S. healthcare real estate market: Porter's five forces analysis
- Fig. 13 U.S. healthcare real estate market, Property: Key takeaways
- Fig. 14 U.S. healthcare real estate market: Property movement analysis, 2024 & 2030 (%)
- Fig. 15 Hospitals market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 16 U.S. medical office buildings real estate market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 17 U.S. senior living and retirement communities real estate market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 18 U.S. long-term care and specialty care centers real estate market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 19 U.S. medical centers real estate market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 20 U.S. healthcare real estate market estimates & forecast for other types of properties, 2018 - 2030 (USD Billion)
- Fig. 21 U.S. healthcare real estate market, Model: Key takeaways
- Fig. 22 U.S. healthcare real estate market: Model movement analysis, 2024 & 2030 (%)
- Fig. 23 U.S. healthcare real estate sales market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 24 U.S. healthcare real estate rental market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 25 U.S. healthcare real estate lease market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 26 Key company categorization
- Fig. 27 Company market share analysis, 2024
- Fig. 28 The strategic framework of the U.S. healthcare real estate market
