By 2025, there could be 65.2 million people in the United States aged 65 and over, up from 47.7 million in 2015. This increase would be exponentially higher in percentage than the growth of Americans under 64 years old, and would bring together seniors over 20 years old. % of the total population of the country.
The National Center for Health Statistics estimates that the number of annual primary care office visits for the elderly is now over 90 per 100 people, compared with about 70 per 100 people for the closest age group, under 15 years old. As older people multiply, the need for health care and, potentially, medical offices will also increase.
A new report of Transwestern estimates that more than 150,000 healthcare professionals could be added to the economy over the next two years. Therefore, the total demand for medical offices in the United States for physical, clinical, mental and dental services could range from 150.5 million square feet to 225.8 million square feet, according to MedSpace estimates.
In the second quarter of 2018, there were 110 million square feet of existing or under construction medical offices in the United States. An example of new projects is the $ 25.3 million, 52,704 square foot, three story OSF HealthCare medical office building that recently erupted. land in Bloomington, Illinois.
These figures, however, indicate that there could be a serious lack of office availability in the future. “It is impossible to absorb this demand,” says report author Elizabeth Norton, chief research officer for Transwestern, Mid-Atlantic region.
Without a major change in the way health care is delivered, the most populous areas of the country – and particularly New York, Dallas-Fort Worth, Atlanta, Denver, and Miami-Fort Lauderdale – would have serious difficulty accommodating patients. practitioners wishing to serve patients from a doctor’s office, even at the lower end of the projected growth range.
The country, and in particular its larger metros, is facing a serious shortage of space available for doctor’s offices. Image: Transoccidentale
There are alternatives, suggests Norton, such as renting out conventional office buildings where there is sufficient space available. Another is the reallocation of empty commercial space for medical purposes.
Norton also highlights the emergence of new forms of healthcare, such as telemedicine, digital health and shared service centers, as options that “could suppress future demand to some extent”, although this depends on the speed with which these nascent approaches are taking hold in the healthcare sector.
Earlier this year, marketing intelligence firm Transparency Market Research valued in a report that the so-called telehealth market in the United States will grow by almost 15% to reach $ 2.8 billion by 2025. “North America and Europe are expected to dominate the market global telehealth … key players to expand their market presence, ”the report says.
Research on the transparency market has also found that a digital health market in North America could increase by 13.4% per year to reach $ 80 billion by 2025.