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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 | Aug 2016

Building up: The aging of the US population will result in greater demand for hospitals

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
Turner Turner market share
Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 11-16
-3.1%
Annual Growth 16-21
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Profit
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Employment
37,671
Businesses
8,507
Industry Analysis & Industry Trends

The Hospital Construction industry has faced challenging conditions over the past five years. In addition to the broader downturn facing the construction sector, hospitals faced a high degree of fiscal uncertainty due to potential changes from the Patient Protection and Affordable Care Act. In the coming years, the industry is expected to enter into a recovery period. . The implementation of the Patient Protection and Affordable Care Act will result in more than 32.0 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.... purchase to read more

Industry Report - Industry Products Chapter

The Hospital Construction industry's main activities include new hospital construction and additions to existing hospitals. This industry also provides remodeling services to improve existing hospitals and management services to improve overall workplace and project efficiency.

Hospital new construction

Industry participants operating as general contractors on the construction of new hospitals generate 55.1% of industry revenue. Typically, construction companies obtain contracts by bidding on one that the property developer puts out. Contracts normally require the general contractor to oversee all aspects of the project, including quantity surveying, material purchases, skilled labor, subcontractor recruitment, construction and lockup... 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 new construction contractingHospital remodeling contractingHospital construction maintenance and repair
 
Industry Activities
Private hospital construction and expansionPublic hospital construction and expansionHospital remodeling and renovationHospital construction management and related services


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