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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Investment Chapter

The Hospital Construction industry has a medium level of capital intensity and is highly labor intensive. IBISWorld analysis uses wages as a proxy for labor and depreciation as a proxy for capital. In 2013, for every dollar spent on labor, industry operators will spend about $0.02 on capital investment. Most companies either lease their required equipment with long-term arrangements, or subcontract stages of construction to specialist contractors that supply their own capital equipment (e.g. crane operators, excavation contractors and concrete contractors). Industry contractors require flexibility in being able to contest projects of varying scale, complexity and location and therefore opt for a low level of sunken capital... 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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