Medical Facility Environmental Monitoring System Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR45596
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

 Medical Facility Environmental Monitoring System Market - 2021-2025

The medical facility environmental monitoring system market size is expected to reach a value of USD 80.71 million, at a CAGR of 5.41%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as higher efficiency than manual monitoring are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on the market growth.

Medical Facility Environmental Monitoring System Market Size

To Unlock the Medical Facility Environmental Monitoring System Market Size for 2021 and Other Important Statistics Wait no Longer!

Complete the Payment and Get this Report Within a Minute!

Medical Facility Environmental Monitoring System Market Segments

From this Technavio report, get actionable insights on the medical facility environmental monitoring system market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by end-user (hospitals, pharmacies, and medical storage centers) and geography (North America, Europe, Asia, and ROW) in this medical facility environmental monitoring system market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic medical facility environmental monitoring system market predictions on consumer demand changes for 2021-2025.

Medical Facility Environmental Monitoring System Market Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The medical facility environmental monitoring system market is fragmented and the vendors are deploying growth strategies such as adopting pricing strategies to gain a competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the medical facility environmental monitoring system market share during 2021-2025.

The medical facility environmental monitoring system market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Medical Facility Environmental Monitoring System Market Vendors

Medical Facility Environmental Monitoring System Market - Region Opportunities 2021-2025

40% of the medical facility environmental monitoring system market growth will originate from North America during the forecast period. The US and Canada are the key markets for the medical facility environmental monitoring system market in North America. This report encompasses exclusive information on potential business locations and understands the demographics of current and prospective customers.

Medical Facility Environmental Monitoring System Market Share by Geography

To unlock infomation on emerging business opportunities across regions, Request for a FREE Sample!

North America has been exhibiting a significant growth rate for medical facility environmental monitoring system market vendors. Factors such as the growing investment in healthcare facilities and the presence of key vendors are accelerating the medical facility environmental monitoring system market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The medical facility environmental monitoring system market share growth in North America will be slower than the growth of the market in Asia. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Medical Facility Environmental Monitoring System Market Insights by End-user

Medical Facility Environmental Monitoring System Market Share by End-user

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The medical facility environmental monitoring system market share growth by the hospitals segment will be significant during the forecast period. Hospitals held the largest share in the global medical facility environmental monitoring system market. The incidence of chronic diseases among people has increased drastically and has led to an increase in the number of patients who seek treatment at hospitals. The high risk of infection due to improper monitoring of temperature has been the major factor for the increase in demand for medical facility environmental monitoring systems in hospitals. This report provides an accurate prediction of the contribution of all the segments to the growth of the medical facility environmental monitoring system market size.

From the medical facility environmental monitoring system market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Medical Facility Environmental Monitoring System Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding medical facility environmental monitoring system market growth is improper execution of healthcare information systems. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The higher efficiency than manual monitoring is a key driver boosting the growth of the medical facility environmental monitoring system market. Medical facilities such as hospitals, blood banks, and pharmacies must constantly monitor temperature and humidity. Manual monitoring of temperature and humidity is a time-consuming task as it lacks real-time data trackers. Almost all medical facilities must abide by strict regulations and are required to provide temperature readings during the process of storing or transporting medicine during regulatory audits. The regulatory auditing and reporting process is tedious as staff must sort through heaps of paperwork to find the data captured. However, the ability of medical facility environmental monitoring systems such as data loggers to capture and analyze real-time data has helped to overcome the difficulties involved in the complicated manual process.

This medical facility environmental monitoring system market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

market _name Report

Need a Customized Report? Get in touch

Medical Facility Environmental Monitoring System Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive medical facility environmental monitoring system market growth during the next five years
  • Precise estimation of the medical facility environmental monitoring system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical facility environmental monitoring system market across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical facility environmental monitoring system market vendors

Buy the Medical Facility Environmental Monitoring System Market report now to reimage your business strategies!

 

Medical Facility Environmental Monitoring System Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 80.71 million

Market structure

Fragmented

YoY growth (%)

5.00

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 40%

Key consumer countries

US, UK, Germany, China, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

CiK Solutions GmbH, CirrusCon, Elitech Technology lnc., ELPRO-BUCHS AG, Halma Plc, Hanwell Solutions Ltd., Mesa Labs Inc., tempmate GmbH, Testo SE and Co. KGaA, and Vaisala Oyj

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Hospitals - Market size and forecast 2020-2025
    • Pharmacies - Market size and forecast 2020-2025
    • Medical storage centers - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • Asia - Market size and forecast 2020-2025
      • ROW - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • CiK Solutions GmbH
      • CirrusCon
      • Elitech Technology lnc.
      • ELPRO-BUCHS AG
      • Halma Plc
      • Hanwell Solutions Ltd.
      • Mesa Labs Inc.
      • tempmate GmbH
      • Testo SE and Co. KGaA
      • Vaisala Oyj

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The medical facility environmental monitoring system market growth will increase by $155.15 million during 2019-2024.
      The medical facility environmental monitoring system market is expected to grow at a CAGR of 5.32% during 2019-2024.
      Technavio has segmented the medical facility environmental monitoring system market by end user (Hospitals, Pharmacies, and Medical storage centers) and geographic (North America, Europe, APAC, and ROW).
      B Medical Systems Sarl, CiK Solutions GmbH, Elitech Technology lnc., ELPRO-BUCHS AG, Gemini Data Loggers (UK) Ltd., Halma Plc, Hanwell Solutions Ltd., Mesa Labs Inc., Stanley Black & Decker Inc., tempmate GmbH are a few of the key vendors in the medical facility environmental monitoring system market.
      North America will register the highest growth rate of 32.20% among the other regions. Therefore, the medical facility environmental monitoring system market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the medical facility environmental monitoring system market growth are:
      • Higher efficiency than manual monitoring
      The medical facility environmental monitoring system market vendors should focus on grabbing business opportunities from the hospitals segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Industrials
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>