莱坊+2023全球医疗保健报告-英_市场营销策划_重点报告202301202_doc.docx

GlobalHealthcareRepOrtIStIberkadia2023Ageingdemographicsandtheneedforlongtermcarepresentthemselvesaskeyfactorsintheinterestforhealthcareglobally.Introduction4AsiaPacific25Overview26Singapore28Howartificialintelligenceis7Australia29transforminghealthcareIndia30Europe9MiddleEast31Overview10Overview32BruceWalkerQ&A11KeydeManddrivers34UK12France13BelgiuM14Africa35GerMany15Overview36Ireland16MedicaltOuriSMinAfrica38Spain17Netherlands18Keytakeaways40Summary41NorthAmerica19Howwecanhelpyou?42Overview20Ourpeople44Debt&Financing21Ourglobalnetwork46MarketTrends21SalesTrends22Hospitals&MedicalOfficeBuildingS23IntroductionGlobalflowsintocarerelatedrealestateinthe12monthstoJune23amountedtocirca$38bn.Thecaresectorencompassesalloperationalcare-relatedassetsspanningelderlycare,adultcare,primarycare(GPsanddentalsurgeries)andchildcare/specialeducationalneeds,essentiallyanyperson-centredoperationalbusiness.Thesesubsectorscanthenbefurthersplitbasedonacuitytoincludemorespecialistsettingssuchasdementiacarehomes.Thegraphicbelowpresentsavisualrepresentationofthemarket,sbroadness,includinganyrelevantoverlapsrespectivetoacuitylevels.INVESTMENTCASEBroadinitscoverage,thecaseforinvestmentremainsconsistentnotonlyacrossthevarioussub-sectorsbutalsoacrossgeographicborders.Firstly,theemergenceofaglobalpandemichighlightednotonlythe"Asprivateequity,REITSandinstitutionalinvestorscontinuetochasetheStrong,longincOMegenerated,thereisgrowinginterestinhealthcare,ScapabilitiestoaidESGinvestingStrategies.”ELDERLYCAREADULTCAREHEALTHCARESERVICESJCHILDCARENursingcarehomeAdultcarehomesAcutecare(hospitals)Specialisteducation(SENschools)DEMENTIACAREMENTALHEALTHFaqutiesEARLYONSETDEMENTIACAREABIREHABUKPRIVATEHOSPITALS1.ONDON&INTERNATIONALMARKETCHILDREN'SRESIDENCESPrimary care (GP clinics)PharmaciesDentistsChiIdrenvS nurseriesPersonalcarehomeSeniorlivingandassistedlivingSupportedlivingaccommodationrobustnessofhealthcareasanassetclassbutalsoitsgenuinesignificanceasasector.Asprivateequity,REITSandinstitutionalinvestorscontinuetochasethestrong,longincomegenerated,thereisgrowinginterestinhealthcare,scapabilitiestoaidESGinvestingstrategies.Globally,acrosstheboard,thefundamentalsthatcreatethecaseforinvestmentflowsintohealthcareareevident.ThegraphicThecaseforhealthcareasaninvestmentDemographicshiftAnageingpopulationmeansincreasingdemandforresidentialcare,primarycareandacutehospitalservices.SecureincomeOperatorrevenueisreinforcedbyahealthymixofself-fundedcareandpublicly-fundedcare.Incomeissupportedbyhighoccupancyandpatientdemandacrossthehealthcarearena.belowhighlightssevenfactorsthatcontinuetocontributetowardsthecaseforhealthcare.Fig.1highlightssomeofthemanyformsthatcapitalisbeingallocatedtohealthcarerealestateglobally.Whilsttherearedifferencesindeploymentstyle,withsomeinvestorsoptingforanindirectandthereforemorepassivestrategy,itisclear,thatthereisaglobalappetiteforthesector.InvestmentperformanceReturnsarehistoricallystable,offeringinvestorsprotectionanddiversification.夕DemandforsafehavensHealthcare'slongtermandoftengovernment-supportedincomeoffersfurtherdefence.StructuralchangeinrealestateRealestateinvestorsalreadyderiskingfromtraditionalsectorssuchasretailintoalternativeslikehealthcare.Fig1:GlobalperspectiveAustraliaaveragedealsize$1-3mWhatthislookslikeApharmacyoroptometrypractice,orasmallmedicalcentreUKaveragedealsize$2.5-17mWhatthislookslike40-100bedsSpainaveragedealsize$2-2OmWhatthislookslike100bedsforelderlycaresettingsorclinicsinmulti-ownerassetsi Singapore1.ong-termincomeWeightedaverageune×pirdleaseterms(WAULT)average2530yearsintheresidentialcareandhospitalsectors.1.easesaremmolyindexed-linkedtoinflation.SocialimpactTheinfluenceofimpactorESGinvestinginrealestateisgrowingatafasterpacethanever.Arangeofinvestorsarenowfocusingonsocialinfrastructureinvestments,andhealthcareispartofthis.UsuallyinvestedindirectlySource:KnightFrankResearchSECTORUPDATEGloballycapitaldeployedintocarerelatedrealestateequatedtocirca.$38bnforthefourrollingquarterstoJune23asperFig.2,whichaccountedforapproximately4.3%ofallglobalrealestateflows.NorthAmericancapitalwasthebiggestcontribute1,tothesector,accountingforalmost68%offundsdeployedlastyearwhilstFranceandBelgiumreceivedthemostcross-borderinflows.Privatecapitalwasoverallthemostactiveamongstthevariousbuyertypes.However,onanetbuyerbasiscross-border,institutionalandREITSemergedasnetbuyers.Keycontributx>rstothemarketincludethelikesofHealthcareRealtyTrust,