Medical facility environmental monitoring system market size to grow by USD 99.19 million from 2022 to 2027; The enhanced profitability by lowering medical losses will drive growth | US Crisis Impact 2023- Technavio

NEW YORK, March 16, 2023 /PRNewswire/ -- Technavio categorizes the global medical facility environmental monitoring system market size as estimated to increase by USD 99.19 million between 2022 and 2027. The market's growth momentum will be progressing at a CAGR of 5.96% during the forecast period. The growth of the market is driven by enhanced profitability by lowering medical losses. Seasonal weather changes require healthcare facilities to change the settings of their HVAC systems on a regular basis. Inadequate maintenance of HVAC systems not only impacts patient conditions, but also degrades and affects the quality of critical pharmaceuticals and stored blood, tissues, and organs due to uneven temperature conditions. Even a minor snag in refrigeration can lead to medicines and essential healthcare products becoming useless or losing their potency, ultimately resulting in huge losses to medical operators. However, the use of environmental monitoring systems in healthcare facilities protects such drugs from spoilage and ensures their safety and effectiveness in practical use. These systems also send alerts when set temperature limits are exceeded, ensuring safe drug and vaccine monitoring and reducing product loss. Such factors will increase the market growth during the forecast period. Take action now and gain valuable insights into the impact of the US crisis with our comprehensive analysis report - Request a sample report

Global Medical Facility Environmental Monitoring System market – Vendor Analysis
Vendor Landscape - The global medical facility environmental monitoring system market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer medical facility environmental monitoring system in the market are Azenta Inc., CiK Solutions GmbH, CirrusCon, Compliant Healthcare Technologies LLC, Danaher Corp., Dickson Inc., Elitech Technology lnc., ELPRO BUCHS AG, Gemini Data Loggers (UK) Ltd., Halma Plc, Hanwell Solutions Ltd., Mesa Laboratories Inc, Tecnosoft Srl, tempmate GmbH, Testo SE and Co. KGaA, TSI Inc., Vaisala Oyj, Vizzia Technologies, and Xylem Inc. and others.

Vendors apply competitive pricing to strengthen their market share. These providers offer inexpensive devices with limited functionality. Moreover, as the global player grows in presence, its local providers find it difficult to compete with them, especially on parameters such as quality and features. At the same time, global providers compete with local providers for lower prices. Going forward, the competitive environment is expected to intensify due to factors such as technological innovation, product expansion, and increased M&A activity. 

Vendor Offerings -

• Azenta Inc.: The company offers medical facility environmental monitoring systems such as remote temperature loggers.
• CiK Solutions GmbH: The company offers medical facility environmental monitoring systems such as HOBO RX 3000.
• CirrusCon: The company offers medical facility environmental monitoring systems such as LT 1001 and LBMP 280.
• Compliant Healthcare Technologies LLC: The company offers medical facility environmental monitoring systems such as Vitaleyez.
• For details on the vendor and its offerings – Request a sample report

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• Special coverage on the Russia-Ukraine war; US Crisis on the market; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
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Global Medical Facility Environmental Monitoring System Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on type (monitoring equipment, software, and microbiology services), and end-user (hospitals and diagnostic centers, pharmacies, and medical storage centers).

• The market growth in the monitoring equipment segment will be significant during the forecast period. Environmental monitoring equipment is used to streamline the management of environmental measurement data from multiple locations within a factory. We ensure the accuracy, completeness, completeness and safe storage of environmental data and monitor and control environmental factors such as temperature, humidity, room differential pressure, and particle counts in manufacturing, testing, and storage areas. Such factors will increase segment growth during the forecast period.

Geography Overview

By geography, the global medical facility environmental monitoring system market is segmented into North America, Europe, Asia, and Rest of World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global medical facility environmental monitoring system market.

• North America is estimated to contribute 40% to the growth of the global market during the forecast period. Growing demand for biological and biosimilar products and stringent regulations for life sciences products are the main factors driving the demand for accurate environmental monitoring devices in pharmaceutical cold chain facilities. Traditional logistics and cold chain temperature control systems use traditional control room temperature technology similar to those used by pharmaceutical manufacturers. However, increasing guidelines and regulations are forcing manufacturers to deploy temperature monitoring devices. Increasingly stringent regulations and guidelines for maintaining proper temperature limits in medical and healthcare facilities will be the major factors driving the demand for the North American market during the forecast period. 

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Global Medical Facility Environmental Monitoring System Market – Market Dynamics

Key trends influencing the growth 

The growing adoption of cloud-based analytics is the primary trend in the market. Using cloud-based analytics to analyze data collected to monitor healthcare environments reduces the need to maintain data warehouses. Vendors are looking to improve the user experience by simplifying data visualizations, making dashboards interactive, and providing information on ventilation system performance. Hence, the adoption of cloud-based analytics for environmental monitoring systems in healthcare facilities is expected to drive market growth during the forecast period. 

Major challenge hindering the growth 

Improper execution of healthcare information systems is the major challenge impeding the market growth. Environmental monitoring systems in healthcare facilities offer superior technology that collects data and provides insight into variables such as temperature, humidity, and patient health. However, the full potential of available data cannot be estimated without an adequate health information system. The lack of proper health information systems in some hospital buildings makes information sharing very difficult within the facility. Improper execution of the health information system, therefore, degrades the overall performance of the health care facility's environmental monitoring system. Therefore, such factors are hindering market growth during the forecast period. 

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! sample report!

What are the key data covered in this Medical Facility Environmental Monitoring System Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the medical facility environmental monitoring system market between 2023 and 2027
• Precise estimation of the medical facility environmental monitoring system market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the medical facility environmental monitoring system market across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of medical facility environmental monitoring system market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global medical facility environmental monitoring system market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global medical facility environmental monitoring system market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 End-User Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-User Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Monitoring equipment - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Monitoring equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Monitoring equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Monitoring equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Monitoring equipment - Year-over-year growth 2022-2027 (%)

• 6.4 Software - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 6.5 Microbiology services - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Microbiology services - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Microbiology services - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Microbiology services - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Microbiology services - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 49: Chart on Comparison by End-user
• Exhibit 50: Data Table on Comparison by End-user

• 7.3 Hospitals and diagnostic centers - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Hospitals and diagnostic centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Hospitals and diagnostic centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Hospitals and diagnostic centers - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Hospitals and diagnostic centers - Year-over-year growth 2022-2027 (%)

• 7.4 Pharmacies - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Pharmacies - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Pharmacies - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Pharmacies - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Pharmacies - Year-over-year growth 2022-2027 (%)

• 7.5 Medical storage centers - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Medical storage centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Medical storage centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Medical storage centers - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Medical storage centers - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027 
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 UK - Market size and forecast 2022-2027 
• Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Azenta Inc.
• Exhibit 112: Azenta Inc. - Overview
• Exhibit 113: Azenta Inc. - Business segments
• Exhibit 114: Azenta Inc. - Key offerings
• Exhibit 115: Azenta Inc. - Segment focus

• 12.4 CiK Solutions GmbH
• Exhibit 116: CiK Solutions GmbH - Overview
• Exhibit 117: CiK Solutions GmbH - Product / Service
• Exhibit 118: CiK Solutions GmbH - Key offerings

• 12.5 CirrusCon
• Exhibit 119: CirrusCon - Overview
• Exhibit 120: CirrusCon - Product / Service
• Exhibit 121: CirrusCon - Key offerings

• 12.6 Compliant Healthcare Technologies LLC 
• Exhibit 122: Compliant Healthcare Technologies LLC - Overview
• Exhibit 123: Compliant Healthcare Technologies LLC - Product / Service
• Exhibit 124: Compliant Healthcare Technologies LLC - Key offerings

• 12.7 Danaher Corp.
• Exhibit 125: Danaher Corp. - Overview
• Exhibit 126: Danaher Corp. - Business segments
• Exhibit 127: Danaher Corp. - Key news
• Exhibit 128: Danaher Corp. - Key offerings
• Exhibit 129: Danaher Corp. - Segment focus

• 12.8 Dickson Inc.
• Exhibit 130: Dickson Inc. - Overview
• Exhibit 131: Dickson Inc. - Product / Service
• Exhibit 132: Dickson Inc. - Key offerings

• 12.9 Elitech Technology lnc. 
• Exhibit 133: Elitech Technology lnc. - Overview
• Exhibit 134: Elitech Technology lnc. - Product / Service
• Exhibit 135: Elitech Technology lnc. - Key offerings

• 12.10 ELPRO BUCHS AG
• Exhibit 136: ELPRO BUCHS AG - Overview
• Exhibit 137: ELPRO BUCHS AG - Product / Service
• Exhibit 138: ELPRO BUCHS AG - Key offerings

• 12.11 Gemini Data Loggers (UK) Ltd. 
• Exhibit 139: Gemini Data Loggers (UK) Ltd. - Overview
• Exhibit 140: Gemini Data Loggers (UK) Ltd. - Product / Service
• Exhibit 141: Gemini Data Loggers (UK) Ltd. - Key offerings

• 12.12 Hanwell Solutions Ltd. 
• Exhibit 142: Hanwell Solutions Ltd. - Overview
• Exhibit 143: Hanwell Solutions Ltd. - Product / Service
• Exhibit 144: Hanwell Solutions Ltd. - Key offerings

• 12.13 Tecnosoft Srl
• Exhibit 145: Tecnosoft Srl - Overview
• Exhibit 146: Tecnosoft Srl - Product / Service
• Exhibit 147: Tecnosoft Srl - Key offerings

• 12.14 tempmate GmbH
• Exhibit 148: tempmate GmbH - Overview
• Exhibit 149: tempmate GmbH - Product / Service
• Exhibit 150: tempmate GmbH - Key offerings

• 12.15 TSI Inc.
• Exhibit 151: TSI Inc. - Overview
• Exhibit 152: TSI Inc. - Product / Service
• Exhibit 153: TSI Inc. - Key offerings

• 12.16 Vaisala Oyj
• Exhibit 154: Vaisala Oyj - Overview
• Exhibit 155: Vaisala Oyj - Business segments
• Exhibit 156: Vaisala Oyj - Key news
• Exhibit 157: Vaisala Oyj - Key offerings
• Exhibit 158: Vaisala Oyj - Segment focus

• 12.17 Vizzia Technologies
• Exhibit 159: Vizzia Technologies - Overview
• Exhibit 160: Vizzia Technologies - Product / Service
• Exhibit 161: Vizzia Technologies - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations 
• Exhibit 168: List of abbreviations

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