Climate Resilient and Sustainable Health Systems is driven by rising awareness towards climate change
The Climate Resilient and Sustainable Health Systems market comprises products and services that help build adaptive capabilities within healthcare systems to strengthen resilience to climate risks and vulnerabilities. This includes climate-resilient infrastructure for healthcare facilities, capacity building programs for healthcare professionals and policymakers, supply chain management solutions, tools for climate-risk screening and vulnerability assessments, among others. The rising frequency and intensity of extreme climate events such as heat waves, floods and storms poses significant risks to public health and places additional stress on already overburdened health systems. There is a growing need to strengthen the adaptive capacities of health systems to manage climate-sensitive diseases and protect vulnerable populations from health impacts of climate change. 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. These players are focusing on developing innovative resilience-building solutions and tools to help healthcare systems and providers assess climate risks and strengthen adaptive capacities.
There is a growing demand for climate-resilient healthcare as extreme climate events are increasing public health challenges arising from climate-sensitive illnesses like malaria, dengue, cholera, etc. Investments in building adaptive capacities of health systems can help improve healthcare access, quality and affordability over the long-run.
The climate-resilient healthcare market is expanding globally with rising investments and collaborations between governments, development agencies, private sector and philanthropies. More countries are formulating national adaptation plans and policies to integrate climate-resiliency into health sector planning.
Market drivers
The increasing incidences of extreme weather events such as cyclones, hurricanes, floods and heat waves due to climate change have emerged as a key driver boosting investments in climate-resilient healthcare solutions. As per estimates, the costs of damage to health infrastructure, treatment of climate-related illnesses and loss of lives during extreme climate disasters running into billions every year. Strengthening resilience of health systems can help reduce these costs in the long run. Therefore, the rising economic burden of inaction on climate change is propelling governments and organizations to focus on building adaptive capacities within healthcare through greater investments in relevant technologies, training and capacity building.
Impact of Current Geopolitical Situation on the Growth of the Climate Resilient and Sustainable Health Systems Market
The current global geopolitical climate presents both challenges and opportunities for the climate resilient and sustainable health systems market. Political instability and conflicts in various regions are exacerbating climate change impacts like natural disasters, putting additional stress on fragile health systems. This is increasing the need for improving climate resilience of health infrastructure, supply chains, services and workforce capacities. At the same time, many countries are actively prioritizing sustainable development goals and adapting their policies and investments to build back better, greener and more equitably after the pandemic. This policy push is driving the deployment of renewable energy solutions, eco-friendly buildings, electric mobility and other sustainable technologies critical for future-proofing health sectors against climate and environment risks. As nations cooperate more on climate action and prepare for potential global health crises, opportunities will arise for new climate-smart health products, services and partnership models in coming years. Strategic partnerships with global organizations, leveraging of public-private finance models and investments in low-carbon innovations will be key for players in this market to capitalize on emerging growth avenues and play their role in building sustainable healthcare systems of the future.
Geographical Regions with Highest Value Concentration in the Climate Resilient and Sustainable Health Systems Market
North America accounts for the highest value share in the climate resilient and sustainable health systems market currently due to stringent regulatory measures and existing policy frameworks driving investments in green healthcare infrastructure and services in countries like the US. and Canada. Europe is another major regional market spurred by the European Green Deal initiative which mandates the integration of sustainability criteria into public procurement processes including for healthcare systems across EU member states. The Asia Pacific market is expanding rapidly supported by policy initiatives in rapidly developing economies to achieve emissions reductions and implement universal healthcare programs with a focus on improving climate resilience.
Fastest Growing Regional Market for Climate Resilient and Sustainable Health Systems
The Asia Pacific region is poised to witness the fastest growth in the climate resilient and sustainable health systems market during the forecast period. This can be attributed to burgeoning healthcare infrastructure development activities and rising public investments to strengthen primary care delivery systems in populous developing countries such as India and China. Growing climate change impacts are increasing prioritization of resilient healthcare facilities, supply chains and workforce preparedness. Favorable regulatory and funding landscape unleashed by geopolitical priorities such as SDGs and Paris Agreement will further support heightened adoption of sustainable medical technologies and services across the Asia Pacific going forward.
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