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Hospital Construction in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hospital Construction Market Research Report | Specialist Engineering, Infrastructure & Contractors | Commercial & Institutional Buildings | May 2013

Building up: Revenue will rebound strongly due to healthcare reform and an aging population

IBISWorld’s Hospital Construction market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
McCarthy Holdings Inc. McCarthy Holdings Inc. market share
Turner Turner market share
Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 08-13
-4.3%
Annual Growth 13-18
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Profit
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Employment
33,219
Businesses
3,277
Industry Analysis & Industry Trends

Over the next five years, the Hospital Construction industry is expected to enter into a recovery period. The implementation of the Patient Protection and Affordable Care Act will result in more than 32 million individuals gaining access to healthcare insurance coverage, driving up the demand for hospital services. Furthermore, the gradual aging of the US population will also result in greater demand for hospitals. Hospital construction will also benefit from low interest rates, which will enable lower borrowing costs for financing construction projects.... purchase to read more

Industry Report - Industry Products Chapter

The Hospital Construction industry's principal activity, and its largest moneymaker, is new hospital construction and additions to existing hospitals. This industry also provides remodeling services to improve existing hospitals as well as management services to improve overall workplace and project efficiency.

Hospital construction and expansion

About 67.0% of industry revenue is derived from industry participants operating as general contractors on the construction and expansion of hospitals. Typically, construction firms obtain contracts by bidding on a contract that the property developer puts out... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hospital Construction Industry?

The industry includes operators that engage in new work, additions and reconstruction projects for hospitals. These include both private and public hospital construction projects.

Industry Products
Hospital general contractingHospital remodeling contractingHospital construction management and related services
 
Industry Activities
Private hospital construction and expansionPublic hospital construction and expansionHospital remodeling and renovationHospital construction management and related services


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