by Climate resilient and sustainable health systems refer to the healthcare infrastructures, services, and programs that are designed or modified to withstand and minimize the impacts of climate change. Key components of such systems include the integration of climate change knowledge and preparedness across existing health programs, climate-proofing of health facilities and supply chains, and the strengthening of disease surveillance and control programs. Climate change poses serious risks to public health through the increased occurrence of extreme weather events, worsening air pollution, emergence and re-emergence of infectious diseases, food and water insecurity. There is growing recognition that health systems need to be proactively adapted to be able to withstand and effectively respond to climate health threats.
The global Climate Resilient and Sustainable Health Systems Market is estimated to be valued at US$ 10 Billion in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Increasing Concern over Climate Change Impacts: Rising instances of climate-induced health disasters and their significant impacts on disease burdens and healthcare costs have heightened awareness about the need to build resilience across health systems. Climate change is exacerbating existing health vulnerabilities and inequalities, challenging health system preparedness. This growing concern is expected to drive increased investments towards adapting health infrastructures and delivery models to withstand climate risks.
Climate Change Increases Disease Burdens: Changes in climatic conditions are facilitating the geographic expansion and worsening of various infectious and non-communicable diseases. Health systems need to strengthen disease monitoring, screening, diagnosis, and treatment capacities to effectively manage changing disease landscapes under a changing climate. Rising disease burdens are motivating greater focus on integrating climate adaptation strategies into existing disease management programs.
Segment Analysis
Climate Resilient and Sustainable Health Systems Marketis segmented intoequipment and solutions. Equipment segment dominates the market and is expected to witness high growth during the forecast period. This is majorly due to the increasing incidences of climate change induced diseases and rising demand for advanced medical devices needed for disease diagnosis and treatment. Increasing healthcare expenditure on medical equipment for adaptation and preparedness against climate change effects is driving the equipment segment growth.
PEST Analysis
Political: Governments across the world are introducing new regulations and frameworks to build climate resilient healthcare infrastructure and promote sustainability. This will positively impact the market growth.
Economic: Rising economic burden of climate change on healthcare systems coupled with increasing funding from public-private sources for building adaptive capacity will fuel the market.
Social: Growing public-private awareness about climate change risks on health is prompting implementation of sustainable practices in healthcare delivery.
Technological: Advancements in digital health solutions, clean energy technologies, and supply chain management solutions are facilitating transition towards climate-smart healthcare systems.
Key Takeaways
The global Climate Resilient And Sustainable Health Systems Market Share is expected to witness high growth. The global Climate Resilient and Sustainable Health Systems Market is estimated to be valued at US$ 10 Billion in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2031.
North America region dominates the market currently due to progressive climate policies and initiatives of stakeholders in the region to develop climate resilient healthcare infrastructure and operations. Asia Pacific region is poised to be the fastest growing market owing to rising healthcare needs of growing population and initiatives of governments to strengthen health systems resilience against climate risks.
Key players related content comprises: Key players operating in the Climate Resilient and Sustainable Health Systems market are GE Healthcare, Philips, Drager, Medtronic, BD. These players are focusing on developing innovative medical equipment and digital solutions to enable healthcare delivery systems transition towards more sustainable and adaptive models. They are also investing in renewable energy integration and offer services for resource efficiency and waste management in healthcare facilities.
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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
