Health Giants 2022 – Interior Design

Total charges for 2021 were $651 million. At first glance, this 18% drop from $790 million in 2020 seems troubling. But 2021 is still significantly higher than 2019’s $607 million. This pre-pandemic total could be our baseline snapshot of what this group’s total activity is, or should look like, or at least a clue about the neighborhood. of the dollar where they work.

Businesses saw 128 million total square feet in 2021, down 18% from 155 million, but again with the crazy numbers of 2020. About 47% of each of those jobs were split between new projects and renovations, and about 5% were refreshments.

Some things that haven’t changed much are the healthcare business lines. Acute care hospitals remain the dominant workplace, accounting for $314 million, or almost half (46%) of total costs. Acute care hospitals only accounted for 38% of work in 2019, but that rate jumped in 2020, to 46%, and remained stable.

The other two largest segments are retirement homes ($92 million) and rehabilitation ($71 million), which account for 14% and 10% of total expenses, respectively. Doctor/dentist offices, urgent care/walk-in clinics, and mental health, ambulatory care, skilled nursing and telehealth facilities all recorded single-digit percentages. But, lest we factor in the nickels and dimes, all of these smaller segments combined accounted for 30% of the overall fee.

Furniture and interior fittings (F&F) and building products fell 35% to $12 billion. Were previous 2020 highs of $18.3 billion just Icarus testing new wings? Maybe. The predictions for 2022 are about even. Companies expect to see growth in work in hospitals and nursing homes in 2022, as well as in clinics, outpatient clinics and mental health facilities. Although the total expected decline is approximately 24%, no appreciable decline is expected in any segment. (More on those forecasts in a moment.)

Most of our giants in all of their various groups – Top 100, Rising, Hospitality – do their work in the United States, and healthcare giants are no different. Jobs outside of the US have been on a downward trend with only 10% doing this work in 2019 and 8% in 2021. The Asia/Pacific region is by far the chosen destination outside of the US, with a important work also done in Canada and Europe. That said, it wouldn’t be surprising to see even fewer companies working internationally, as few see real growth there (although 20% believe Europe could be warming). Most of the growth is in the southern United States, as well as all of the south from coast to coast.

Betty K. Park