The need for climate resilient health systems has increased significantly due to various factors such as climate change uncertainties, global warming, rising sea levels and extreme weather events negatively impacting health infrastructure and service delivery. Climate resilient and sustainable health systems aim to strengthen health systems and services to withstand the effects of climate change and enhance accessibility to quality care in a resource efficient manner. The Global Climate Resilient and Sustainable Health Systems Market is estimated to be valued at US$ 9.74 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Global Climate Resilient and Sustainable Health Systems Market Demand are AB Electrolux, Daewoo Electronics Corporation, Whirlpool Corporation, Haier Group Company, LG Electronics, Panasonic, Philips Electronics, Videocon Industries Limited, Robert Bosch Gmbh, Fisher & Paykel Appliances Holdings Ltd., Stoves Appliance Company (Glen Dimplex Home Appliances Ltd.), and Miele & Cie. KG. The major players are focusing on developing more environment-friendly and energy efficient products to gain more market shares.
The growing awareness about climate change and its health impacts has increased the demand for climate resilient health infrastructure and facilities globally. Various governments and climate funding agencies are allocating higher budgets for adoption of renewable energy sources, improved diagnostics and disease surveillance technology to strengthen resilience of existing health systems.
Several developing nations in tropical regions are extensively impacted by climate change and show high potential for market growth. Key players are expanding their operations in Asian and African countries by partnering with local health agencies and through funding initiatives like Green Climate Fund to implement sustainable health programs and boost service delivery.
Market key trends
The increased distribution of solar panels and innovative battery storage solutions in rural health facilities is a major trend. It ensures uninterrupted power supply and reduces dependence on fossil fuels. Adoption of solar energy is helping to reduce carbon footprint of health systems significantly. Digitization of medical records and telemedicine is another emerging trend that improves access to care and climate resilient technology.
Porter’s Analysis
Threat of new entrants: High capital requirements and existing economies of scale of incumbents make entry difficult. Bargaining power of buyers: Large healthcare organizations and government agencies are the primary buyers with significant bargaining power over suppliers. Bargaining power of suppliers: Specialized nature of products and services limits suppliers’ bargaining power. Threat of new substitutes: Limited threat currently but technological advances may introduce new alternatives. Competitive rivalry: Competition is intense as suppliers differentiate products and invest heavily in R&D to develop new solutions and capabilities.
Geographical Regions
North America accounts for the largest share of the market currently, driven by growing climate change impacts, aging population, emphasis on preparedness and resilience. The region is expected to continue dominating the market over the forecast period due to the strong presence of key players and greater adoption of new technologies.
The Asia Pacific region is poised to grow at the fastest rate through 2030 supported by rising healthcare needs of vast populations, increasing government focus on resilience against climate-related health risks and modernizing infrastructure in developing countries. Investments in digital health solutions also present major opportunities for market expansion across Southeast Asia, India and China.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it