The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. A key growth market will be the infrastructure market, with output rising by 11.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Asia Pacific’s five largest hospital construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. Ryde Hospital Redevelopment
The project involves the redevelopment of the Ryde Hospital campus into a state-of-the-art facilities in Eastwood, New South Wales, Australia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
The project aims to increase the number of beds and provide a world-class healthcare experience for the local community. Buy the profile here.
2. Eurobodalla Regional Hospital
The project involves the construction of a four-story health service facilities in Eurobodalla Shire, New South Wales, Australia.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2027.
The project site is located at the intersection of Keightley Street and Albert Street. Buy the profile here.
3. Rewari AIIMS Medical Hospital and College
The project involves the construction of a 139,354m2 hospital comprising 750 beds on 82.15ha of land in Rewari, Haryana, India.
Construction work started in Q3 2024 and is forecast to complete in Q4 2026.
The project creates 3,000 operational jobs in the region. Buy the profile here.
4. Yasu Municipal Hospital
The project involves the construction of a 14,600m2, five-story, hospital with 199 beds on 1.46ha of land in Yasy City, Shiga, Japan.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.
The project aims to be a hospital that is friendly to patients and families, harmonizes with neighboring facilities and the surrounding area, and is environmentally friendly, as well as being easy to visit and able to respond to in the event of a disaster or the spread of infectious disease.
5. Werribee Mercy Hospital Emergency Department Expansion
The project involves the expansion of the emergency department from 33 to 67 treatment spaces in Melbourne, Victoria, Australia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
The project aims to double the capacity of the emergency department for the growing community and support an additional 25,000 patients per year. it will also provide a modern, state-of-the-art workspace for doctors, nurses, allied health workers, and support services, ensuring they can deliver the best possible emergency care. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
