The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2024, having grown by 1.7% in 2023. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% 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.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega hydroelectric projects, costing over $100m each. Here are the largest hospital construction projects initiated globally in Q4 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
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, the US.
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. Shenyang International Smart Health City
The project involves the construction of an international smart health city in Shenyang, Liaoning, China.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2029.
The project aims to build a hospital to provide the region with better healthcare services.
3. Forensic Center of Excellence
The project involves the construction of a 43,386m2 forensic hospital comprising 350 beds in Washington, the US.
Construction work started in Q4 2024 and is forecast to complete in Q4 2028.
The project aims to provide better healthcare facilities in the region. Buy the profile here.
4. Beijing BOE Hospital
The project involves the construction of a 1,500-bed hospital on a 10ha site area with a 326,000m2 gross floor area (GFA) in Fangshan, Beijing, China.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. Melton Hospital Development
The project involves the construction of 274 beds, a 24-hour public hospital in Melbourne, Victoria, Australia.
Construction work started in Q4 2024 and is expected to be completed in Q3 2029.
The site is located 40km west of the Melbourne CBD, 4km southeast of central Melton, south of the Western Freeway, and close to the future Toolern train station on the Melton line. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
