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 Locations Chapter
The location of hospital construction firms in the United States largely reflects the distribution of the population and each region's geographic size. Other factors include the age distribution of the population, birthrates and household incomes. The regions accounting for the largest share of industry activity include the Southeast, Plains and Great Lakes. The largest states in terms of industry establishments and employment are California, New York, Texas and Florida.
The Southeast region's share of establishments outpace its share of the US population, largely due to the consistent need for new hospitals or expansions and renovations of existing hospitals... purchase to read more