April 20, 2024
Climate Resilient and Sustainable Health Systems Market

Climate Resilient and Sustainable Health Systems Market to Witness Considerable Growth Owing to Increasing Environmental Concerns

The climate resilient and sustainable health systems market comprises products and services that help in building health systems that are resilient towards climate change and environmental challenges. Such systems aim to strengthen adaptation and develop flexible health infrastructures. They help provide ongoing access to primary healthcare during disasters and emergency situations, while mitigating pressures on the environment. Rising temperature levels and frequent occurrence of extreme weather events have raised awareness about making healthcare facilities sustainable and ensuring continued well-being of communities.

The Global Climate Resilient and Sustainable Health Systems Market Demand 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. Sustainable health systems refer to services and strategies that function efficiently by minimizing pollution and carbon footprint, while ensuring dignified, equitable and affordable access to medical care. They focus on adopting renewable sources of energy, waste management, green building standards, and supply chain sustainability.

Key Takeaways

Key players operating in the climate resilient and sustainable health systems market 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 more energy-efficient medical equipment and implementing eco-friendly operational practices.

The market provides opportunities for developing climate-smart healthcare infrastructure, low-carbon sustainable building and facilities, and renewable off-grid energy solutions. There is a growing demand for green hospitals, telehealth, active transportation initiatives, zero-waste management, and supply chain traceability.

The climate resilient and sustainable health systems market is expanding globally, especially in developing countries. rapid urbanization and rising healthcare expenditures are compelling nations to integrate sustainability and resilience into their health policies. Regulatory mandates and public-private investments are encouraging stakeholders to adopt environment-friendly healthcare delivery models.

Market drivers

Increasing environmental pollution and global warming are some of the key drivers fostering growth in the climate resilient and sustainable health systems market. As climate change negatively impacts public health through various direct and indirect means, there is a pressing need to build adaptive capacity within medical services. This is driving investments to develop climate-proof infrastructure, supplies, and treatment guidelines tailored for future climate scenarios. Adoption of renewable energy solutions also helps reduce the carbon footprint of health facilities.

PEST Analysis
Political: Climate resilient and sustainable health systems require government support through regulations and policies promoting renewable energy, waste management, and supply chain resilience. Governments play a key role in driving adoption of these systems through public spending and incentivization.
Economic: Building climate resilient infrastructure and shifting to sustainable healthcare practices require substantial upfront investment but help control costs associated with climate change impacts on health outcomes and emergency response over the long term.
Social: Rising health and economic impacts of climate change are increasing public awareness and demand for sustainably-built, resilient healthcare facilities able to serve communities under all conditions. Health workers and patients expect modern, safely managed facilities.
Technological: Digital technologies now enable remote monitoring of facilities, investment in renewable energy sources, efficient waste management through sensors and IoT, and supply chain optimization through blockchain and advanced analytics.

The regions concentrating the highest value in the climate resilient and sustainable health systems market currently include Western Europe, North America, parts of East Asia and the Pacific. These developed markets have greater wealth and regulatory frameworks supporting sustainable infrastructure and healthcare delivery. Spending is focused on retrofitting existing assets as well as new builds in line with sustainability standards.

Meanwhile, South Asia is poised to see the fastest growth in value for this market through 2030. Population growth and rapid urbanization are increasing disease burden and healthcare needs across Southern Asian nations. At the same time, the region faces some of highest risks from climate change impacts like floods, extreme heat, and tropical storms. Investing in climate-smart healthcare is strategic priority for governments to strengthen public health resilience in cost effective ways.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it