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Hospital Construction: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hospital Construction Market Research Report | NAICS OD4673 | Aug 2016

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
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Public hospital construction has fallen at a faster rate than private hospital construction
  • As interest rates remain low and demand for hospital services continues to grow, demand for industry services will return to former growth
  • The aging US population will help drive demand for new hospital construction
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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 Key Buyers Chapter

The Hospital Construction industry is fragmented and has a low level of concentration. IBISWorld estimates that the industry's four largest players, which are all general contractors, will account for 18.1% of total industry revenue in 2016. On large-scale projects, these players often hire subcontractor companies 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, which contributes to industry fragmentation. The narrow scope of this industry also decreases larger players' market share and decreases concentration.

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Additional Insights for the Hospital Construction Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hospital Construction Industry are

  • Must comply with government regulations
  • Having links with suppliers
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Federal funding for Medicare and Medicaid in the Hospital Construction industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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 new construction contractingHospital remodeling contractingHospital construction maintenance and repair
    Industry Activities
    Private hospital construction and expansionPublic hospital construction and expansionHospital remodeling and renovationHospital construction management and related services

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Federal funding for Medicare and Medicaid
  • Access to credit
  • Number of adults aged 65 and older
  • Yield on 10-year Treasury note
  • Current Performance
  • Hospital financing challenges following the recession
  • Divergent trends
  • Industry landscape and profit
  • Chart: Revenue Growth
  • Industry Outlook
  • Building up demand
  • Industry expansion
  • Table: Hospital Construction Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hospital Construction Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Healthcare and Social Assistance
  • Hospitals
  • Religious Organizations
  • Public Administration
  • Key Selling Industries
  • Cement Manufacturing
  • Construction
  • Glass Product Manufacturing
  • Heavy Equipment Rental
  • Iron & Steel Manufacturing
  • Products & Services
  • Hospital new construction contracting
  • Hospital remodeling contracting
  • Hospital construction maintenance and repair
  • Chart: Hospital Construction Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Nongovernment Not-for-Profit Community Hospitals
  • Investor-Owned (For-Profit) Community
  • State and local government
  • Federal government
  • Chart: Major Market Segmentation for the Hospital Construction Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Hospital Construction
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hospital Construction Industry
  • Industry Globalization
    Major Companies
    Turner Construction Co.
  • Table: Turner Construction Co. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hospital Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Hospital Construction Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Total health expenditure (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Computer-Aided Design (Cad)
  • The use of computer technology to aid the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Developer
  • An enterprise that prepares a real estate site for residential or commercial use. A developer raises capital, gains zoning approvals and hires contractors to design, construct and develop property.
  • General Contractor (Gc)
  • Also called a prime contractor. An individual or company that manages the construction of a structure for a property owner or developer. A GC may retain a labor force or use subcontractors.
  • Leadership In Energy And Environment Design (Leed)
  • An environmental building certificate program that was established under the US Green Building Council and certifies buildings that meet energy-efficiency and green requirements.
  • Patient Protection And Affordable Care Act (Ppaca)
  • This 2010 act aims to increase the rate of health insurance coverage for Americans and to reduce the overall costs of healthcare through mandates, subsidies and tax credits.
  • Tender
  • A written offer or bid to contract goods or services at a specified cost or rate.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hospital Construction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hospital Construction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hospital Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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