According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2023, having decreased by 7.0% in 2022. A key growth market will be the infrastructure market, with output rising by 12.6% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five hospital construction projects that commenced in the US in Q4 2023, according to GlobalData’s construction projects database.
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1. Riverside Women’s Health Center
The project involves the construction of a 54,813m2 women’s health center in Columbus, Ohio.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to provide better healthcare facilities for women and children in the region.
2. Medical Center of the Rockies Expansion
The project involves the expansion of the Medical Center of the Rockies Campus with 323 total beds in Loveland, Colorado.
Construction work commenced in Q4 2023 and is expected to finish in Q2 2027.
The project aims to expand its existing medical campus with additional health facilities and modern equipment. It also aims to meet the growing healthcare needs of Northern Colorado. Buy the profile here.
3. Irma and Norman Braman Cancer Center
The project involves the construction of a 20,438m2 cancer center in Florida.
Construction work started in Q4 2023 and is forecast to complete in Q4 2025.
The main aim of the project is to provide the best treatment for cancer patients in the region. Buy the profile here.
4. Robert J. and Debra H. Patrick Neuroscience Center
The project involves the construction of a 12,263m2 neuroscience center in New Orleans, Louisiana.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2024.
The project aims to add Ochsner’s neurology, neurosurgery, and behavioral health departments to the region. Buy the profile here.
5. Mint Hill Medical Center: Emergency Department Expansion
The project involves the construction of a 4,087.73m2 emergency department comprising 19 patient rooms in North Carolina.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to double the size of the existing Emergency Department to accommodate the increase in the number of patients treated annually. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
