Global Medical Equipment Cooling Market Size To Surpass USD 355.1 Million By 2032
As per Zion Market Research, the medical equipment cooling market is expected to reach USD 355.1 million by 2032 from USD 234.87 million in 2023 with a CAGR of 4.70%.
The development of the market is majorly boosted by the increasing cases of and other diseases, economic advantages provided by cooling systems, and the rising elderly population.
Drake Refrigeration, Legacy Chiller Systems Inc., Glen Dimplex Group, Laird Technologies, Inc., Filtrine Manufacturing Company, Inc., KKT Chillers, Cold Shot Chillers, Inc., General Air Products, Inc., Motivair Corporation, Lytron, Inc., Parker Hannifin Corp, American Chillers, Johnson Thermal Systems, Whaley Products Inc., and Haskris are some of the major players in the global market.
Liquid-Based Cooling Segment By Type Was The Biggest Catalyst To The Growth Of Medical Equipment Cooling Market In 2023
On the basis of type, the global market is further divided into air-based cooling and liquid-based cooling. The liquid-based cooling section added up the biggest share of the global market for medical equipment cooling in 2023. The huge share of this section can be credited to the benefits of liquid-based cooling systems, such as uniform cooling abilities and better & consistent energy efficiency that avoid damage to sensitive tools.
Packaged Systems Segment By Configuration Was The Biggest Catalyst To The Global Market In 2023
Based on configuration, the global market for medical equipment cooling is divided into packaged, modular, and split systems. The packaged systems section added up for the biggest share of the global systems market in 2023. A major benefit related to these systems is that the elements are put together at a plant, which removes the requirement to install and design these systems. This benefit is a primary responsible factor for the huge share of the packaged systems section in the global market.
Asia Pacific Projected To Develop At The Maximum CAGR In The Global Market In The Years To Come
The Asia Pacific area is one of the primary income-creating areas in the global medical equipment cooling market. India, China, and Japan are the primary nations accountable for the high development of this regional market due to reasons such as the rise in healthcare expenditure, rising awareness of medical equipment’s optimal Thermal Management, and increasing elderly population.
Medical Equipment Cooling Market: Competitive Analysis
The global medical equipment cooling market is dominated by players like:
- Parker Hannifin (U.S.)
- SKF Group (U.S.)
- Trelleborgs Hamn AB / Port of Trelleborg B (Sweden)
- A.W. Chesterton — Nordic Company (U.S.)
- IDEX Corporation (U.S.)
The global medical equipment cooling market is segmented as follows:
By Type
- Liquid-based Cooling
- Air-based Cooling
By Compressor
- Scroll Compressors
- Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
By Configuration
- Packaged Systems
- Modular Systems
- Split Systems
By Application
- Medical DevicesMedical Imaging SystemsMagnetic Resonance Imaging Systems (MRI)Computed tomography scanners (CT)Positron Emission tomography systems (PET)Medical LasersLinear Accelerators
- Analytical & Laboratory Equipment
- Original Equipment Manufacturers (OEMs)
- Hospitals, Laboratories, & Outpatient Clinics
- Independent Diagnostic & Treatment Centers and Laboratories
- Other End Users
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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