Warming Cabinet Market 2022 | Industry Outlook, Size, Share and Growth Analysis

According to Precision Business Insights (PBI), the latest report, the warming cabinet market is expected to be valued at USD 2,254.7 million in 2022 and is poised to grow at a significant CAGR of 12.3% over 2022-2028. The primary drivers of the expansion of the global warming cabinet market include the increasing prevalence of chronic diseases such as diabetes, cardiac disorders, various type of cancers, and other autoimmune diseases, well-developed healthcare infrastructure, and good reimbursement policies.

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Hospital Segment to Dominate the Warming Cabinet Market:
On the basis of end-user, the market can be segmented into hospitals, clinics, and others. The hospital segment is expected to account for a larger revenue share in the global warming cabinet market, with a value share worldwide. The growth of this segment is due to the increasing number of chronic diseases and infectious diseases, the growing number of surgical procedures, and an increase in the number of road accidents. Hospitals are the largest buyer of warming cabinets having long-term agreements with suppliers. Hence, this segment will drive the global warming cabinets market and is expected to maintain the trend in the forecasted years.

Asia Pacific Warming Cabinet Market:
The Asia Pacific market is expected to increase in the global warming cabinet market over the forecast period. The Asia Pacific market is expanding due to the presence of a large patient pool along with a growing need for technologically advanced and cost-efficient healthcare solutions. North America held considerable market share during the estimated period owing to the increasing number of surgical procedures and hospital visits, well-established healthcare infrastructure, and favorable reimbursement.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global warming cabinet market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The warming cabinet market is segmented based on cabinet type, size, end-user, and geography.
Based on the cabinet type, the market is segmented into the following:
• Single Cavity
• Multiple Cavity

Based on the size, the market is segmented into the following:
• More than 7.5 Cu ft (Large)
• Up to 7.5 Cu ft (Mid-size)
• Up to 5 Cu ft (Small)

Based on the end user, the market is segmented into the following:
• Hospital
• Clinic
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the warming cabinet market report are STERIS PLC, MAC Medical, Inc., Blickman, Inc., CME Corp., Pedigo Products, Enthermics, Inc., Skytron, LLC, Surgmed, Continental Metal Products, Inc., Future Health Concepts, Inc., and Getinge AB.

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This release was published on openPR.