Global Warming Cabinet Market, By Type (Single Cavity, Multiple Cavity), Cubic Foot (More than 7.5 Cu ft (Large), Up to 7.5 Cu ft (Mid-size), Up to 5 Cu ft (Small)), Inches (More than 30 Inch, 30 Inch, 24 Inch, Less than 24 Inch), End-use (Hospital, Clinic, Others) – Industry Trends and Forecast to 2030.
Warming Cabinet Market Analysis and Size
The global increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is anticipated to boost the demand for warming cabinets. Antimicrobial resistance, an increase in unhealthy and sedentary lifestyles, smoking, and alcohol consumption, are some of the major factors contributing to the rise in the prevalence of chronic diseases.
According to the report National Diabetes Statistics Report 2017, published by the CDC, more than 100 million people in the U.S. were living with diabetes or prediabetes. In addition, the WHO reported that in 2016 approximately 1.6 million global deaths were directly caused due to diabetes. Cancer has been a global healthcare burden as it is one of the leading causes of death. According to estimates from the WHO, cancer is the leading cause of death globally and almost 1 in 6 deaths can be attributed to this disease. In addition, it also reported that over 70.0% of cancer-related deaths typically occur in middle and low-income countries.
Data Bridge Market Research analyzes that the global warming cabinet market which was USD 1,912.11 million in 2022, would rocket up to USD 2,681.85 million by 2030, and is expected to undergo a CAGR of 4.47% during the forecast period. The “Hospitals” segment is expected to dominate the end-use segment of the market owing to the wide range of product applications in the hospitals.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Warming Cabinet Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Single Cavity, Multiple Cavity), Cubic Foot (More than 7.5 Cu ft (Large), Up to 7.5 Cu ft (Mid-size), Up to 5 Cu ft (Small)), Inches (More than 30 Inch, 30 Inch, 24 Inch, Less than 24 Inch), End-use (Hospital, Clinic, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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STERIS (U.S.), MAC Medical, Inc (U.S.), Blickman (U.S.), Continental Metal Products (U.S.), Natus Medical Incorporated (U.S.), Future Health Concepts (U.S.), SKYTRON, LLC (U.S.), Surgmed Pvt. Ltd (India), Barkey (Germany), Medizin and Labortechnik Nord (Germany), Kanmed AB (Sweden), Getinge AB (Sweden), Pedigo Products (U.S.), and 3M (U.S.)
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Market Opportunities
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Market Definition
Medical warming cabinets are designed to store and warm sterile intravenous and surgical irrigation fluids and hospital linen and blankets. Each cabinet has heating and uniform heat distribution provided by a featured fan. The medical warming cabinet has magnetic door gaskets and good insulation to prevent energy waste and heat loss.
Global Warming Cabinet Market Dynamics
Drivers
- Rising Number of Chronic Diseases
The rising number of hospital admissions, rising incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases, and rising Healthcare-associated Infections (HAIs) due to a lack of sanitation and precaution are some of the factors expected to drive market growth.
- Rising HAI cases
The blanket and fluid warming cabinets aid in reducing contamination and infection levels in blankets and fluids, lowering the risk of contracting HAIs. Furthermore, these warming cabinets have antimicrobial controls, which warms and protects the blanket from bacterial infection, increasing patient comfort.
Opportunity
- Growing Number of Surgeries
The growing number of surgeries has driven the market growth. The need for safe and efficient storage solutions for medical equipment, such as warming cabinets for surgical instruments and blankets, has increased as medical procedures become more prevalent worldwide. This trend is contributing to the expansion and demand for warming cabinets within the global healthcare sector, which is expected to provide opportunities for market growth.
Restraint/Challenge
- Low Healthcare Expenditure
When healthcare spending is limited, healthcare facilities may prioritize essential medical equipment and services over investments in additional infrastructure such as warming cabinets. This may hinder market growth as healthcare providers may be reluctant to allocate funds for such non-essential equipment. Thus, low healthcare expenditure is expected to restrain market growth.
The global warming cabinet market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations in the market. To gain more info on this market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Development
- In June 2019, MAC Medical, Inc. introduced CuVerro antimicrobial copper handles as an option for all warming cabinets. CuVerro is an antimicrobial and bactericidal and reduces bacterial growth in blankets and fluids. Therefore, as a safety measure and to increase patient comfort, healthcare professionals recommend the use of warming cabinets in hospitals and clinics
Global Warming Cabinet Market Scope
The global warming cabinet market is segmented on the basis of type, cubic foot, inches, and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Single Cavity
- Fluid
- Blanket
- Combo
- Multiple Cavity
Cubic Foot
- More than 7.5 Cu ft (Large)
- Up to 7.5 Cu ft (Mid-size)
- Up to 5 Cu ft (Small))
Inches
- More than 30 Inch
- 30 Inch
- 24 Inch
- Less than 24 Inch
End-use
- Hospital
- Clinic
- Others
Global Warming Cabinet Market Regional Analysis/Insights
The global warming cabinet market is analyzed and market size insights and trends are provided by country, type, cubic foot, inches, and end-use as referenced above.
The countries covered in this market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America is expected to dominate the global warming cabinet market due to the growing number of surgical procedures/hospital visits and favorable reimbursement and regulatory policies in the healthcare sector in the region.
Asia-Pacific is expected to be the fastest-growing region during the forecast period of 2023 to 2030 owing to the rising number of clinical trials and rising number of hospitalizations in the region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global warming cabinet market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the market, impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the market. The data is available for historic period 2011-2021.
Competitive Landscape and Global Warming Cabinet Market Share Analysis
The global warming cabinet market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the global warming cabinet market are:
- STERIS (U.S.)
- MAC Medical, Inc (U.S.)
- Blickman (U.S.)
- Continental Metal Products (U.S.)
- Natus Medical Incorporated (U.S.)
- Future Health Concepts (U.S.)
- SKYTRON, LLC (U.S.)
- Surgmed Pvt. Ltd (India)
- Barkey (Germany)
- Medizin and Labortechnik Nord (Germany)
- Kanmed AB (Sweden)
- Getinge AB (Sweden)
- Pedigo Products (U.S.)
- 3M (U.S.)
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