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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 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
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 - Starting a New Business Chapter

New entrants to the Hospital Construction industry are likely to find it difficult to establish a foothold in the market due to their lack of reputation and proven performance. The importance of a solid reputation in securing contracts can create a Catch-22 scenario for new entrants: the only way to build a reputation is through experience, and the only way to get experience is by having a well-established reputation. Furthermore, existing firms are at a distinct advantage because they already have a pool of skilled subcontractors, arrangements with material suppliers and arrangements with financial institutions and property developers... 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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