Interior Design’s Top 40 Healthcare Giants expect their healthcare and wellness business will remain stable in the coming year. These Giants anticipate fees from healthcare and wellness projects to expand to $575 million from last year's $570 million. Fees from healthcare and wellness projects may be growing moderately but the other two key performance indicators of total value of products installed and total size of projects to be designed will grow at a much stronger pace in the next 12 months. Healthcare Giants expect the total value of products they’ll install in the coming 12 months will rise to $27 billion growing at an annual rate of 33%. Similarly, Healthcare Giants anticipate their total size of projects will expand to 180 million square feet from last year’s 166 million square feet for a year over year growth of 36%.
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The annual business survey of Interior Design Healthcare Giants ranks the largest design firms by healthcare design fees for the 12-month period from July 2017 through June 2018. Healthcare design fees include those attributed to:
- All healthcare interiors work.
- All aspects of a firm’s healthcare design practice, from strategic planning and programming to design and project management.
- Fees paid to a firm for work performed by employees and independent contractors who are full-time staff equivalent.
Healthcare design fees do not include revenues paid to a firm and remitted to subcontractors that are not considered full-time staff equivalent. For example, certain firms attract work that is subcontracted to a local firm. The originating firm may collect all the fees and retain a management or generation fee, paying the remainder to the performing firm. The amounts paid to the latter are not included in fees of the collecting firm when determining its ranking. Additionally, where applicable, all percentages are based on responding Healthcare Giants, not their total number. The data was compiled and analyzed by the Interior Design market research staff, led by Wing Leung, research director.