Global Warming Cabinet Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
Global Warming Cabinet Market Overview:
“The global Warming Cabinet Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
In warming cabinets, fluids and solutions are generally warmed to a desired temperature prior to inflow primarily for patient comfort. These warming cabinets are used in almost every hospital or clinic to keep blood, medical fluids, and blankets at body temperature warmth.
The exponential increase in the number of hospital admissions as a result of the COVID-19 outbreak, the rising prevalence of chronic injuries or wounds on a global-scale, as well as the steady increase in the number of surgical procedures being carried out across the world are some of the primary factors that are expected to have an immense impact on the revenue growth of the global warming cabinet market in the foreseeable future.
The increasing implementation of warming cabinets in hospitals and other medical facilities as a remedy to reducing the number of Hospital Acquired Infections (HAIs), and to improve patient safety & comfort levels, as these warming cabinets come equipped with antimicrobial controls is also a major factor that is expected to positively influence future revenue growth of this global market.
Some of the primary factors that are contributing to the rising prevalence of chronic diseases such as cancer, diabetes, or other autoimmune diseases, are the increasing adoption of sedentary lifestyles across the globe, excessive consumption of alcohol and smoking, as well as antimicrobial resistance. This increase in chronic disease prevalence is also expected to have a significant influence on the future market growth of this industry.
Furthermore, the gradual increase in the number of injuries reported, diagnosed and operated on is leading to a subsequent increase in hospital and other medical facility admissions, thereby, contributing to the revenue growth of the global warming cabinet market.
Segmentation of the global warming cabinet market is as follows:
In terms of type, the single cavity type segment accounted for the majority revenue shares of the global warming cabinet market in 2019. This can be attributed to the fact that these cabinets are ideal for medical facilities such as hospitals, etc., and that they come equipped with digital controls that keep the goods stored at a universal setting.
However, the multiple cavity type segment is slated to index the fastest rate of revenue growth over the next 10 years, owing to the fact that these cabinets have multiple compartments with independent operational controls.
On the basis of cubic foot insights, the more than 7.5 Cu. Ft. (large) segment accounted for the majority revenue share of this global market in 2019. Although, the up to 7.5 Cu. Ft. (mid-sized) segment is anticipated to index the fastest rate of revenue growth in the foreseeable future, as they are designed to meet the exact requirements of medical facilities and can even fit into smaller clinical spaces.
With respect to inches’ insights, the 24-inch segment accounted for the maximum number of revenue shares of this global market in 2019.
And, concerning the end-use aspect of this market, the hospitals segment accounted for the largest number of revenue shares of this global market in 2019. However, the other segment, which includes long-term care, ambulatory care, nursing homes, etc., is slated to register the fastest rate of revenue growth in the coming years.
Regional Segmentation and Analysis:
North America accounted for the majority revenue shares of the global warming cabinet market in 2019, owing to its well-established healthcare infrastructure, the increasing number of hospital admissions and surgical procedures, as well as favorable regulatory and reimbursement policies.
Markets in the APAC region are expected to index the fastest rate of revenue growth over the next 10 years, owing to the expected surge in requirement for cost-efficient, advanced healthcare solutions due to their respective large patient pools.
Segmentation of the Global Warming Cabinet Market:
Segmentation by Type:
- Single Cavity
- Multiple Cavity
Segmentation by Cubic Foot Outlook:
- More than 7.5 Cu. ft. (Large)
- Up to 7.5 Cu. ft. (Mid-size)
- Up to 5 Cu. ft. (Small)
Segmentation by Inches Outlook:
- More than 30 Inch
- 30 Inch
- 24 Inch
- Less than 24 Inch
Segmentation by End-Use:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- STERIS PLC
- MAC Medical Inc.
- Blickman Inc.
- Continental Metal Products Inc.
- Natus Medical Incorporated
- Future Health Concepts Inc.
- CME Corp.
- Skytron LLC
- Kanmed AB
- Getinge AB
- Pedigo Products
- Enthermics Inc.
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