SEARCH   
MEMBER LOGIN    

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 | Feb 2015

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

IBISWorld’s Hospital Construction market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Turner Turner market share
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 10-15
-3.2%
Annual Growth 15-20
Purchase to read more
Profit
Purchase to read more
Employment
246,585
Businesses
3,445
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 Investment Chapter

The Hospital Construction industry exhibits a low 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. By doing so, IBISWorld estimates that in 2015, 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


View Sample
Quote
Select Clients