Climate Resilient and Sustainable Health Systems Market Size is valued at USD 7.69 Billion in 2022 and is predicted to reach USD 20.31 Billion by the year 2031 at a 11.66% CAGR during the forecast period for 2023-2031.
Building climate-resilient and sustainable health systems is critical in the face of climate change implications on public health. Extreme weather events, altering disease patterns, and interruptions to healthcare infrastructure are among the issues brought on by climate change. Various market drivers influence the move towards climate-resilient and sustainable health systems. These factors represent the growing awareness of the interdependence of climate change, public health, and healthcare systems. Climate change awareness and concern have prompted governments, organizations, and individuals to prioritize sustainable and climate-resilient solutions, especially in the healthcare sector.
However, the COVID-19 pandemic has had far-reaching and diverse consequences for the healthcare industry, including programmes promoting climate-resilient and sustainable health systems. The COVID-19 pandemic brought attention to the importance of robust supply chains by revealing interruptions in the global supply chain. Healthcare providers and authorities are increasingly contemplating strategies to construct a more resilient supply chain.
Competitive Landscape
Some Major Key Players In The Climate Resilient and Sustainable Health Systems Market:
- Johnson Controls
- Honeywell
- Schneider Electric
- Siemens Healthineers
- Philips
- GSK
- AbbVie
- Pfizer
- Merck & Co.
- Others
Market Segmentation:
The Climate Resilient & Sustainable Health Systems Market is segmented on the basis of component, technology, and end-user. According to components, the market is segmented as Products and Services. The service segment consists of Implementation Services, Training Services, Support and Maintenance Services, Consulting Services, and Integration Services. The technology segment includes Electrochemical sensors, Non-Dispersive Infrared (NDIR) Sensors, and Metal Oxide Semiconductor (MOS) Sensors. By end-user, the market is segmented into Pharmaceutical Companies, Biotechnology Companies, and Hospitals.
Based On Components, The Services Segment Is A Major Contributor To The Climate Resilient And Sustainable Health Systems Market.
The Services category is expected to hold a major share in the global Climate Resilient and Sustainable Health Systems Market in 2022. Various factors influence the development, implementation, and maintenance of services aimed at improving healthcare resilience and sustainability in the market for climate-resilient and sustainable health systems. Demand for related services is driven by government policies and regulations that require or incentivize climate resilience and sustainability in healthcare services. Policy frameworks that encourage the development and uptake of these services can help to establish a favourable environment.
The Hospital Segment Experienced Growth At A Rapid Rate.
The hospital segment is expected to grow at a rapid rate in the global climate-resilient and sustainable health systems market. Several main forces influence the move towards climate-resilient and sustainable health systems in hospitals. As critical components of the healthcare infrastructure, hospitals are increasingly recognizing the value of sustainability and resilience in the face of climate change. Governments and regulatory authorities may impose regulations and standards requiring hospitals to implement sustainable and climate-resilient practices. Compliance with these standards becomes a major motivator for hospitals.
In The Region, The North America Climate Resilient And Sustainable Health Systems Market Holds A Significant Revenue Share.
The North American Climate Resilient and Sustainable Health Systems Market is expected to record the maximum market share in revenue in the near future. Several major drivers determine the creation, implementation, and expansion of efforts to improve healthcare resilience and sustainability in the face of climate change, influencing the North American climate-resilient and Sustainable Health Systems market. Environmental legislation and federal, state, and local policies compel healthcare facilities, such as hospitals and clinics, to adopt sustainable practices and improve climate resilience. Moreover, climate-resilient and sustainable health systems are becoming increasingly important in Asia. The region is vulnerable to various climate-related hazards, including typhoons, floods, and heat waves. The growing frequency and severity of these occurrences necessitate the development of climate-resilient health systems.
Recent Developments:
- In June 2022, Pfizer Inc. has declared its dedication to additional reductions in Greenhouse Gas (GHG) emissions and sets itself the objective of attaining the voluntary Net-Zero Standard by 2040, which is ten years ahead of the specified timeframe in the standard.
- In April 2022, Schneider Electric SE, a French multinational corporation specializing in digital automation and energy management, introduced EcoStruxure for Healthcare, an Internet of Things-enabled system that optimizes energy economy, power dependability, and thermal comfort in healthcare facilities. It uses cloud analytics, mobile apps, and sensor networks for long-term operations.
Climate Resilient and Sustainable Health Systems Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 7.69 Billion |
|
Revenue Forecast In 2031 |
USD 20.31 Billion |
|
Growth Rate CAGR |
CAGR of 11.66 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Component, Technology, End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Johnson Controls, Honeywell, Schneider Electric, Siemens Healthineers, Philips, GSK, AbbVie, Pfizer, Merck & Co., Novartis and Others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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