For engineering firms, the health care (HC) and science+technology markets are substantial with $56 billion in HC design and construction estimated for 2023, according to FMI. There are 417 health care systems and 6,093 hospitals in the U.S. (Source: American Hospital Association.) Trends impacting the market include accelerated inventory growth in the life sciences sector, record-setting NIH funding, decarbonizing health systems, the prominence of telehealth, and a decline in VC investment. These trends create new design opportunities and challenges for engineering firms including specialized needs related to mechanical/electrical, HVAC, and commissioning services.
In this private industry brief:
- Market Scope
- Top Clients
- Current Market Trends
- Government Affairs Action
- Business Development Insights