Market Research Report
Project Insight: Healthcare Construction Projects, The Americas
|Published by||GlobalData||Product code||731812|
|Published||Content info||39 Pages
Delivery time: 1-2 business days
|Project Insight: Healthcare Construction Projects, The Americas|
|Published: September 28, 2018||Content info: 39 Pages||
The Americas is a varied region encompassing the affluent developed countries in North America and the developing countries in Central and South America. In North America, and in particular the US, expenditure on healthcare is relatively high when compared to the size of the economy. According to the World Bank, the US spent 16.8% of GDP on healthcare in 2015 compared to 10.4% in Canada, 8.9% in Brazil and 8.1% in Chile. Peru, by contrast, has one of the lowest healthcare expenditures in the Americas, with 5.3% of GDP.
The overall projects pipeline is dominated by projects in the execution stage, with a total value of US$89.3 billion, followed by projects in planning with US$44.7 billion. Projects in the pre-execution stage amount to US$28.2 billion, while those at the pre-planning stage total US$548 million. The US and Canada have the highest value of projects in the execution stage, with US$68.2 billion and US$11.1 billion respectively. Assuming all projects proceed as planned; spending will reach US$32.6 billion in 2019, up from US$27.6 billion in 2018.
The majority of healthcare projects in North America are funded by the private sector, representing 67% of the total for the region, with public funding accounting for 24% and public/private financing at 9%. This reflects the prevalence of private funding in the North American healthcare system, which is more dependent on private insurance schemes than other countries in the world. In Latin America, by contrast, public funding makes up for 62% of the project pipeline value; private funding accounts for 21% while public-private funding accounts for the remaining 17%.
GlobalData's Construction Intelligence Center is currently tracking healthcare construction projects in the Americas at all stages of development from announcement to execution, with a total value of US$162.7 billion. The US accounts for the highest value projects pipeline, with US$120.3 billion or 74% of the regional total; followed by Canada with US$22.8 billion. Chile and Mexico follow with projects valuing US$3.8 billion and US$2.3 billion respectively