The Hospital Construction industry has encountered challenging conditions over the past five years. Hospitals have endured a high degree of fiscal uncertainty due to potential changes from the Patient Protection and Affordable Care Act (PPACA). Furthermore, because of low profit margins resulting from caps on revenue inflows through the PPACA, hospitals shelved expansion plans and new construction work due to less available cash to finance these projects. Over the five years to 2022, the industry's losses are expected to decelerate. The potential repeal of the PPACA would lead to millions of uninsured people, limiting revenue collection for hospital services. However, the gradual aging of the US population will result in greater demand for hospitals, and thus, regulations have the potential either to boost industry revenue or crush it by raising the amount of uncollectible medical fees.
The industry includes operators that engage in new work, additions and reconstruction projects for both private and public hospital construction projects. The industry excludes the construction of nonhospital medical buildings and special care buildings.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.