According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2024, having decreased by 7.0% in 2023. 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 2024, according to GlobalData’s construction projects database.
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1. Harry Hines Boulevard Pediatric Health Campus
The project involves the construction of 436,644m2 two 12-story and one eight-story pediatric health campus with 552 beds in Dallas, Texas.
Construction work started in Q4 2024 and is expected to be completed in Q4 2030.
The project aims to replace the existing Dallas campus of Children’s Health with a new pediatric campus to provide a better hospital facilities in the region. Buy the profile here.
2. Forensic Center of Excellence
The project involves the construction of a 43,386m2 forensic hospital comprising 350 beds in Washington.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2028.
The project aims to provide better healthcare facilities in the region. Buy the profile here.
3. Easton Shore Health System Regional Medical Center
The project involves the construction of a six-story, 30,220m2 hospital comprising 147 beds on 93ha of land in Easton, Maryland.
Construction work started in Q4 2024 and is forecast to complete in Q3 2028.
The project is part of the Regional Strategic Plan approved by the Shore Health System Board in November 2008. Buy the profile here.
4. Penn Medicine Princeton Health Care Center
The project involves the construction of an 18,116m2 cancer center at Princeton Medical Center in Plainsboro, New Jersey.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2031.
5. Avera McKennan Campus Expansion
The project involves the construction of 32,516m2, two health campuses in Sioux Falls, South Dakota.
Construction work started in Q4 2024 and is expected to be completed in Q1 2027.
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.
