Global Medical Equipment Cooling Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Medical Equipment Cooling Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global medical equipment cooling market report has been segmented on the basis of type, compressor, configuration, application, end user, and region.
Global Medical Equipment Cooling Market: Overview
Medical equipment often needs internal cooling systems for proper functioning. In addition, the accurate and precise temperature is necessary for proper medical equipment functionality. The equipment such as X-ray machines, MRI machines, and others require some combination of air conditioning, and humidification, dehumidification, or refrigerators. These cooling systems applications include medical devices that are used with patients and requires cooling. It largely varies in size and shapes. These cooling systems have gain acceptance in a medical setting owing to compact in size, quiet, and effective solution.
Global Medical Equipment Cooling Market: Dynamics
A growing number of diagnostic centers and hospitals globally is a key factor contributing to driving growth of the global market in terms of revenue over the next ten years. In addition, increasing demand from medical imaging system manufacturers, growing incidences of chronic conditions, rising demand for a minimally invasive treatment procedure, increasing income level coupled with increasing spending on healthcare are some of the factors driving the growth of global medical equipment cooling market. However, stringent regulatory approvals and risk of corrosion in cooling systems are the major factors expected to hamper growth of the global market to a certain extent.
Global Medical Equipment Cooling Market: Segment Analysis
Among the type segments, the liquid-based cooling is expected to register the highest growth is expected to maintain its dominance over the forecast years. This is primarily due to, advantages such as uniform cooling capabilities and better energy efficiency. Among the compressor type, scroll compressors are expected to register the significant growth is expected to maintain its dominance over the next 10 years, owing to reduce danger of refrigerant leakage associated with the usage of this compressor type in medical cooling systems. Among the configuration, a packaged system is expected to register a high share in terms of revenue over the forthcoming.
Global Medical Equipment Cooling Market: Trends
The manufacturing companies of medical equipment cooling system are focusing on delivering a wide range of cooling solutions across various sectors including food packaging, medical, semiconductor, and many others.
For instance, in 2018, Laird Technologies, Inc., which is a US-based electronics and technology company, improve its ‘Tunnel Series TEA’ and offers a cooling capacity ranging up to 100 watts.
In 2016, KKT chillers, Inc. which is a US-based developer and manufacturer of energy-efficient chiller solutions for industrial and medical applications, established a new service center at Shanghai, China – in order to meet the increasing demand for chillers.
The aforementioned are among some of the key trends observed in the target market currently.
Global Medical Equipment Cooling Market: Regional Analysis
In 2019, the markets in the Asia Pacific is estimated to account for significant market revenue share I and fastest growing CAGR over the forthcoming years. This is primarily attributed to, increasing geriatric population and disease incidence and higher awareness about optimal thermal management of medical equipment in countries such as China, India, and Japan.
Segmentation by product:
- Liquid-based Cooling
- Air-based Cooling
Segmentation by compressor:
Segmentation by configuration:
Segmentation by application:
- Medical Lasers
Segmentation by end user:
- Hospitals & Labs
- Diagnostic Treatment Centers & Laboratories
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Glen Dimplex Group
- Legacy Chiller Systems Inc.
- Filtrine Manufacturing Company, Inc.
- Laird Technologies, Inc.
- General Air Products, Inc.
- Drake Refrigeration, Inc.
- Lytron, Inc.
- Motivair Corporation
- Parker Hannifin Corp.
- Whaley Products Inc.
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