Although they comprise only 30% of the U.S. population, the 55+ populace is the biggest consumer of U.S. healthcare services, and the 80+ cohort is forecasted to balloon nearly 50% in the next 10 years. The growth of the elder population in the U.S., longer life expectancies and better healthcare delivery are all fueling demand for outpatient healthcare services and facilities, reinforcing medical office as one of the most stable asset classes, JLL reports.
Up to a third of hospital revenue is activity shifting to ambulatory surgery centers, office-based labs and other ambulatory sites, while inpatient discharges continue to decline due to regulatory changes, competition among healthcare systems in high-growth markets and technological innovation fueling a shift to outpatient settings. Read more.