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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 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
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 Key Buyers Chapter

The Hospital Construction industry is fragmented and has a low level of concentration. In 2013, IBISWorld estimates that the four largest firms contribute about 21.2% of total industry revenue. In line with the construction sector in general, the largest firms in the industry are general contractors. On large-scale projects, these players often hire subcontractor firms that undertake distinct, specialized segments of the construction process. These subcontractors represent the majority of industry participants, and typically compete solely on a local or regional basis, contributing to industry fragmentation. The narrow scope of this industry also decreases larger firms' market shares and decreases concentration... 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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