Summary
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$2.3 billion respectively
Key Highlights
- Based on the data available on the capacity of new projects in terms of beds (this data is provided for 58% of projects), the project pipeline in the Americas will provide a total of 87,363 beds, with the US having the highest number in the region, with 43,719.
- Some of the largest healthcare construction projects include the US$ 2.1 billion California Pacific Medical Center in the US, the US$2 billion Windsor Mega Hospital in Canada and US$2 billion Medical Tourism Hospital in the Cayman Islands. The California Pacific Medical Center, which is currently under construction, involves the construction of 274-bed facility, 12-story hospital on 8ha of land in California. The project is being developed by Sutter Health in association with architects SmithGroupJJR and Boulder Associates Architects and is expected to be complete by early 2019.
- The Cayman Medical Tourism Hospital known as “Health City Cayman Island” is also underway and involves the construction of a 2,000-bed hospital, a medical university and assisted-living facilities aimed at patients and insurance provides seeking lower-cost healthcare in the Caribbean. The project is implemented in phases and slated to end by 2032.
Scope
- The report provides detailed projects analysis, information and insights based on all major healthcare buildings projects in the Americas.
- The report provides detailed metrics on health construction projects (as tracked by GlobalData) split by country, type and value. Detailed metrics are also provided for the top 10 countries.
Reasons to buy
- Gain insight into the development of the healthcare buildings construction sector in the Americas.
- Assess all major projects by value, start date, scope and stage of development in North America and Latin America regions and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
'
Table of Contents
1. OVERVIEW 5
2. KEY OPERATORS 13
2.1. Contractors 13
2.2. Consultants 14
2.3. Owners 15
3. PROJECT ANALYTICS BY COUNTRY 16
3.1. The US 16
3.2. Canada 18
3.3. Chile 20
3.4. Mexico 22
3.5. Brazil 24
3.6. Panama 26
3.7. Peru 28
3.8. Argentina 30
3.9. Costa Rica 32
3.10. Colombia 34
4. ABOUT GLOBALDATA 36
4.1. GlobalData at a Glance 36
4.2. GlobalData Construction 37
4.3. Disclaimer 38
4.4. Contact Us 38
List of Tables
Table 1: The Americas - Healthcare Construction Project Pipeline, Value by Country and Stage (US$ million) 11
Table 2: The Americas - Healthcare Construction Projects, Top 50 Projects by Value 12
Table 3: North America - Healthcare Construction Projects, Key Contractors 13
Table 4: Latin America - Healthcare Construction Projects, Key Contractors 13
Table 5:North America - Healthcare Construction Projects, Key Consultants 14
Table 6:LatinAmerica - Healthcare Construction Projects, Key Consultants 14
Table 7: North America - Healthcare Construction Projects, Key Owners 15
Table 8:Latin America - Healthcare Construction Projects, Key Owners 15
List of Figures
Figure 1: North America - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 7
Figure 2: Latin America - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 7
Figure 3: North America - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 8
Figure 4: Latin America Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 8
Figure 5: North America - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 9
Figure 6:Latin America - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 9
Figure 7:North America - Healthcare, Construction Project Pipeline, by Country and Value (US$ million) 10
Figure 8:Latin America - Healthcare, Construction Project Pipeline, by Country and Value (US$ million) 10
Figure 9:North America - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 11
Figure 10: Latin America - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 11
Figure 11:The US - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 17
Figure 12:The US - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 17
Figure 13:The US - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 18
Figure 14:The US - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 18
Figure 15:Canada - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 19
Figure 16: Canada - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 19
Figure 17: Canada - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 20
Figure 18: Canada - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 20
Figure 19:Chile - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 21
Figure 20: Chile - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 21
Figure 21: Chile - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 22
Figure 22: Chile - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 22
Figure 23:Mexico - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 23
Figure 24: Mexico - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 23
Figure 25: Mexico - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 24
Figure 26: Mexico - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 24
Figure 27:Brazil - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 25
Figure 28: Brazil - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 25
Figure 29: Brazil - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 26
Figure 30: Brazil - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 26
Figure 31:Panama - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 27
Figure 32:Panama - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 27
Figure 33:Panama - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 28
Figure 34:Panama - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 28
Figure 35:Peru - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 29
Figure 36:Peru - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 29
Figure 37:Peru - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 30
Figure 38:Peru - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 30
Figure 39:Argentina - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 31
Figure 40:Argentina - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 31
Figure 41:Argentina - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 32
Figure 42:Argentina - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 32
Figure 43:Costa Rica - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 33
Figure 44:Costa Rica - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 33
Figure 45:Costa Rica - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 34
Figure 46:Costa Rica - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 34
Figure 47:Colombia - Healthcare, Construction Project Pipeline, Value by Stage (US$ million) 35
Figure 48:Colombia - Healthcare, Construction Project Pipeline, Projected Spending by Stage (US$ million) 35
Figure 49:Colombia - Healthcare, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value) 36
Figure 50:Colombia - Healthcare Construction Project Pipeline, Bed Capacity by Stage and Completion Year (Units) 36
