Farmington, April 26, 2023 (GLOBE NEWSWIRE) -- The Global Medical Warming Cabinets Market Was Valued At $1.97 billion In 2022 And Is Expected To Expand $2.74 billion By 2030 at a CAGR Of 4.20% From 2022 To 2030. Key factors driving the growth of this market include a growing prevalence of chronic illnesses, rising HAI cases, a growing prevalence of infectious pathogens and Increasing surgical procedures.
The increasing number of hospital admissions, the rising incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases, and the rising number of healthcare-associated infections (HAIs) due to a lack of sanitation and precaution are expected to drive the warming cabinet market. The blanket and fluid warming containers reduce levels of contamination and infection in blankets and fluids, thereby reducing the risk of HAIs.
Request sample copy of report Medical Warming Cabinets Market Size, Share & Trends Estimation Reports By Type Outlook (1-Module, 2-Module), By Installation Outlook (Table top, Freestanding, Recessed, Pass-through models), By Application Outlook (Hospitals, Clinics, Diagnostic Centers, Ambulatory Surgical Centers), By Warming Cabinet Inches Outlook (More than 30 Inch, 30 Inch, 24 Inch, Less than 24 Inch), By Warming Cabinets Cubic Foot Outlook (More than 7.5 Cu ft. (Large), Up to 7.5 Cu ft. (Mid-size), Up to 5 Cu ft. (Small) ), By Region and Forecasts, 2023 - 2030. published by Contrive Datum Insights.
Segmentation Overview:
Type Outlook:
The single cavity segment dominated the global warming cabinet market in terms of revenue share in 2019. This can be attributed to the fact that these cabinets are ideal for medical facilities such as hospitals and are outfitted with digital controls that maintain a constant temperature for the stored items.
Warming Cabinet Cubic Foot Outlook:
Based on cubic foot data, the segment of more than 7.5 Cu. Ft. (large) held the largest revenue share in this global market in 2019. However, the up to 7.5 Cu. Ft. (medium-sized) segment is anticipated to register the highest rate of revenue growth in the near future, as these refrigerators are designed to meet the unique requirements of medical facilities and can even fit in smaller clinical spaces.
Warming Cabinet centimetres Outlook:
In terms of centimetres, the 24-inch segment accounted for the greatest number of revenue shares in this market worldwide in 2019.
Application Outlook:
Regarding the end-use aspect of this market, hospitals accounted for the greatest number of revenue shares in 2019 worldwide. In contrast, the other segment, which includes long-term care, ambulatory care, nursing homes, etc., is anticipated to experience the highest rate of revenue growth in the coming years.
Regional Analysis:
The North America region is projected to grow significantly in the global Medical Warming Cabinets Market during the forecast period 2021 to 2026.
According to the report, Europe is anticipated to be the second-largest market for neonatal incubators, due to the growing awareness of medical warming cabinets among consumers and healthcare professionals, which has fueled the market for medical warming cabinets.
During the forecast period, the Asia-Pacific market is anticipated to grow at a rapid pace. This expansion can be attributed to substantial contributions from developing nations like China and India. This region's expansion is driven by increased research and development funding and the entrance of existing players.
It is essential to take into account the specific local factors when analysing the Medical Warming Cabinets Market in each region, as market conditions and trends can vary significantly from region to region and even from country to country.
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Scope of Report:
Report Attributes | Details |
Growth Rate | CAGR of 4.20% from 2023 to 2030. |
Revenue Forecast by 2030 | $2.74 billion |
By Type |
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By Installation |
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By Warming Cabinets Cubic Foot |
|
By Application |
|
By Warming Cabinets Inches |
|
By Companies |
|
Regions and Countries Covered |
|
Base Year | 2022 |
Historical Year | 2017 to 2022 |
Forecast Year | 2023 to 2030 |
Market Dynamics:
Restraining Factors:
There are a number of challenges that could slow the expansion of the global Medical Warming Cabinets Market. Among the most important constraints are:
Unaffordable healthcare costs: Despite its apparently insignificant nature, a warm blanket or gown can do wonders for calming and soothing a nervous patient. However, it is anticipated that the high cost of these devices, the availability of alternative modalities, and the inadequacy of these devices in developing regions will hinder market growth.
Opportunity Analysis:
A number of promising new avenues for development and expansion exist in the international Medical Warming Cabinets Market. Consider a few of the most promising prospects:
Increasing surgical procedures: During the preceding period, the increasing number of surgical procedures and instances of HAIs will generate a number of growth opportunities for the warming cabinet market.
Key Segments Covered:
Top Market Players:
- Mac Medical Inc.
- Barkey
- Bryton
- Burlodge
- David Scott Company
- DRE Medical
- Enthermics Medical Systems
- Natus Medical Incorporated
- Medline Industries
- Nor-Lake
- Pedigo
- QED Scientific Ltd,
- Scientek Technology
- Shenzhen Bestman Instrument
- Skytron Corporation
- Steelco, Steris Corporation
By Type
- 1-Module
- 2-Module
By Warming Cabinets Cubic foot
- More than 7.5 Cu ft. (Large)
- Up to 7.5 Cu ft. (Mid-size)
- Up to 5 Cu ft. (Small)
By Installation
- Table top
- Freestanding
- Recessed
- Pass-through models
By Warming Cabinets Inches
- More than 30 Inch
- 30 Inch
- 24 Inch
- Less than 24 Inch
By Application
- Hospitals
- Clinics
- Diagnostic Centers
- Ambulatory Surgical Centers
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific:(Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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