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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 | Feb 2015

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
$20bn
Annual Growth 10-15
-3.2%
Annual Growth 15-20
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Profit
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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 Products Chapter

The Hospital Construction industry's principal activity, and its largest moneymaker, is new hospital construction and additions to existing hospitals. This industry also provides remodeling services to improve existing hospitals as well as management services to improve overall workplace and project efficiency.

Hospital construction and expansion

About 67.0% of industry revenue is derived from industry participants operating as general contractors on the construction and expansion of hospitals. Typically, construction firms obtain contracts by bidding on a contract that the property developer puts out... 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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