The US healthcare real estate market was valued at $1.32 trillion in 2024 and is projected to reach $1.87 trillion by 2030, rising at a compound annual growth rate of 6.20%.
“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,” said a new forecast from Research and Markets, which noted that within five years “all baby boomers will be over 65, increasing the senior population to 20% of the US total. This age group is expected to account for 37% of national healthcare spending, with per capita expenditures significantly higher than younger cohorts.”
The new forecast observed that medical outpatient buildings had a 92.8% occupancy rate in the fourth quarter of 2024. At the same time, the current healthcare capacity is experiencing an imbalance between available hospitals and an aging population.
“According to the American Hospital Association, as of 2025, the US has 6,093 hospitals, of which 5,112 are classified as community hospitals,” said the forecast. “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.”
The forecast added the lease model holds a 65.10% market share of the healthcare real estate sector due to 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.”
