Resource
For engineering firms, the health care (HC) and science+technology (S+T) markets are large and steadily growing, with $43 billion in HC construction estimated for 2018, growing to $49 billion by 2022. More than 626 health care systems and 5,500 hospitals are in the United States. Besides hospitals, facility types include outpatient centers and medical office buildings (MOBs), as well as laboratory, production and administrative space for pharmaceutical, biotechnology, and university clients. A wide range of engineering services are provided to these clients, often with specialized needs related to mechanical/electrical, HVAC and commissioning. Capital spending is increasingly focused on renovations and infrastructure upgrades.
In this brief:
- Market Scope
- Top Clients
- 5 Market Trends
- Government Affairs Action
- Business Development Insight
- Top 10 Life Science Clusters & Cities with Fastest-Growing 65+ Populations