by The Climate Resilient And Sustainable Health Systems Market today focuses on building health infrastructure and services that safeguard population health against health hazards exacerbated by global warming like heat waves and natural disasters. Climate change impacts are already stretching healthcare systems and threatening vulnerable communities. Rising temperatures induce heat-related illnesses and worsen air pollution-linked ailments. More frequent and intense extreme weather events also override strained public health resources. Climate resilient healthcare aims to shield lives and livelihoods from climate change impacts through green infrastructure, renewable energy integration, waste management best practices and community-focused preventive programs. The global Climate Resilient and Sustainable Health Systems Market is estimated to be valued at US$ 8.45 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
With climate change posing widespread health risks, building healthcare system resilience has become imperative worldwide. Key trends driving investments in this market include growing focus on low-carbon and adaptation initiatives in healthcare facilities, shift towards decentralized renewable energy and need for strengthened disease surveillance networks. Governments and international bodies are prioritizing policies around sustainable healthcare infrastructure and climate-smart services. Private sector is also collaborating with public health agencies on community-based resilience projects. Adoption of green building codes and clean technologies in hospitals helps boost cost-savings and operational efficiencies over the long-run. As climate change health impacts intensify, demand for integrated climate-health planning and investments will continue increasing globally.
Porter’s Analysis
Threat of new entrants: Low-Medium as huge capital investment and stringent regulations pose significant entry barriers. However, growing need of climate resilient and sustainable healthcare infrastructure opens up opportunities.
Bargaining power of suppliers: Medium. Suppliers of specialized healthcare infrastructure equipment and software have some bargaining power due to differentiated products.
Bargaining power of buyers: High. Large healthcare organizations and governments are major buyers with significant influence on prices.
Threat of new substitutes: Low. No viable substitutes exist for climate resilient and sustainable healthcare infrastructure and services.
Competitive rivalry: High. The market has the presence of global players competing on technological innovations, quality, and services.
Key Takeaways
The global Climate Resilient And Sustainable Health Systems Market Growth is expected to witness high over the forecast period. This is primarily attributed to increasing investments towards developing climate resilient healthcare infrastructure and focus on reducing carbon footprint of healthcare facilities.
Regional analysis: North America leads the global market with the largest share currently owing to stringent regulatory mandates for green healthcare facilities and high adoption of sustainable technologies in the region. Asia Pacific is expected to be the fastest growing market during the forecast period supported by rising healthcare expenditure, healthcare infrastructure development initiatives and growing awareness.
Key players: Key players operating in the Climate Resilient and Sustainable Health Systems Market are Johnson Controls, Honeywell, Schneider Electric, Siemens Healthineers, Philips, GSK, AbbVie, Pfizer, Merck & Co., Novartis. These players are involved in implementing innovative climate resilient technologies and solutions for healthcare sector along with initiatives towards reducing carbon footprint of medical facilities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
