Global Medical Equipment Cooling
Market Report
2024
Medical Equipment Cooling market was valued at USD 223.8 Million in 2022 and will reach USD 268.6 Million, with a CAGR of 2.66 % from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Medical Equipment Cooling market was valued at USD 223.8 Million in 2022 and will reach USD 268.6 Million, with a CAGR of 2.66 % from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Medical Equipment Cooling Market Sales Revenue 2022 | $ 223.8 Million |
Global Medical Equipment Cooling Market Sales Revenue 2030 | $ 268.6 Million |
Global Medical Equipment Cooling Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.66% |
Market Split by Type |
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Market Split by Application |
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Market Split by Compressors |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Medical Equipment Cooling Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Medical Equipment Cooling devices used for cooling down the temperature of medical devices of high function. These devices include MRI machines, X-ray machines, CT scan, and other large medical equipment that require some combination of, dehumidification, humidification, air conditioning or refrigerators. High-watt density heat will be eliminated by this cooling method. Because of this reduction in thermal stress, equipment will last longer, operate more precisely, and consume less energy. Medical equipment cooling aims to keep essential medical equipment functional so that timely and effective patient care can be provided. North America has the largest revenue share of the Medical Equipment Cooling market.
Market Dynamics of the Medical Equipment Cooling Market
Increase in the ratio of cancer and chronic diseases:
The major factor driving the Medical Equipment Cooling market is the increasing ratio of cancer and chronic disease all over the world. Additionally, the increase in aging population, and increasing number of hospitals and diagnostic centers are the main factors for the growth of the market. Technical improvements in diagnostic imaging equipment, rising income levels, increasing healthcare spending, and emerging markets that will drive the Medical Equipment Cooling Market.
Restraining Factor:
The development of stringent compliance and regulatory requirements surrounding the licensing and use of cooling equipment, combined with the increasing danger of cooling systems corroding, is anticipated to impede the growth of the worldwide medical equipment cooling market.
Impact of the COVID-19 pandemic on the Medical Equipment Cooling Market:
COVID-19 had a negative impact on the Medical Equipment Cooling market. COVID-19 has had a negative impact on the Medical Equipment Cooling market. This is attributed to the major market players and research organizations having to postpone their projects due to transportation-related delays caused by travel restrictions and driver scarcity. Additionally, there are chances of medical supply and equipment shortages due to temporary production site closures.
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May 2023
The Glen Dimplex Group said it has made a strategic investment in precision cooling provider Werner Finley in order to strengthen its precision cooling division and expand its global presence.
June 2023
Johnson Controls announced the launch of the YORK YVAM air-cooled magnetic bearing centrifugal chiller operating with the ultra-low global warming potential (GWP) refrigerant, R-1234ze, for hyperscale and colocation data center cooling.
Aug 2021
Laird Thermal Systems has launched the enhanced OptoTEC™ OTX/HTX Series of miniature thermoelectric coolers designed for high-temperature environments found in telecom, industrial, autonomous and photonics applications. Featuring next-generation thermoelectric materials, the OptoTEC OTX/HTX Series offers a 10% boost in cooling capacity, greater temperature differential and higher efficiency than standard thermoelectric coolers.
Top Companies Market Share in Medical Equipment Cooling Industry: (In no particular order of Rank)
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On the basis of regions, the Medical Equipment Cooling market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America dominated the market over the forecasting period. This is attributed to the high adoption rate of technologically advanced devices, increasing number of surgical centres and high incidence of cardiac arrests and neurological disorders.
The current report Scope analyzes Medical Equipment Cooling Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Medical Equipment Cooling Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Equipment Cooling Industry growth. Medical Equipment Cooling market has been segmented with the help of its Type, Application Compressors, and others. Medical Equipment Cooling market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
On the basis of Type, the medical equipment cooling market is segmented into liquid-based cooling, air-based cooling. In terms of type, the liquid cooling segment has dominated the mark et. This is attributed to greater energy efficiency, consistency, and uniform cooling capabilities that avoid damage to delicate equipment.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Medical Equipment Cooling Industry. Request a Free Sample PDF!
By Application, the medical equipment cooling market is segmented into MRI, CT, PET, Medical Lasers. The MRI segment has the highest growth over the forecasting period. This is attributed to increasing prevalence of cardiovascular illnesses and neurological problems across the globe.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Medical Equipment Cooling market report 2024 Edition by contacting our team.
On the basis of compressor, the medical equipment cooling market is segmented into Centrifugal Compressors, Screw Compressors, Reciprocating Compressors, Scroll Compressors. The Scroll Compressors have the highest growth rate over the forecasting period. This is attributed to the higher efficiency in terms of heat rejection capacity and less vibrations & noise compared to other types.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Medical Equipment Cooling Market is witnessing significant growth in the near future.
In 2023, the Liquid-based Cooling segment accounted for noticeable share of global Medical Equipment Cooling Market and is projected to experience significant growth in the near future.
The MRI segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Glen Dimplex Group, Laird Technologies and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Liquid-based Cooling, Air-based Cooling |
Application | MRI, CT, PET, Medical |
Compressors | Centrifugal Compressors, Screw Compressors, Reciprocating Compressors, Scroll Compressors |
List of Competitors | Glen Dimplex Group, Drake Refrigeration, Laird Technologies, Legacy Chiller Systems, General Air Products, Filtrine Manufacturing Company, Motivair Corporation, KKT Chillers, Cold Shot Chillers, Lytron, American Chillers, Whaley Products |
This chapter will help you gain GLOBAL Market Analysis of Medical Equipment Cooling. Further deep in this chapter, you will be able to review Global Medical Equipment Cooling Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Medical Equipment Cooling Market Trends North America Medical Equipment Cooling Technological Road Map North America Medical Equipment Cooling Market Drivers North America Medical Equipment Cooling Market Restraints North America Medical Equipment Cooling Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Compressors Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Equipment Cooling market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Liquid-based Cooling have a significant impact on Medical Equipment Cooling market? |
What are the key factors affecting the Liquid-based Cooling and Air-based Cooling of Medical Equipment Cooling Market? |
What is the CAGR/Growth Rate of MRI during the forecast period? |
By type, which segment accounted for largest share of the global Medical Equipment Cooling Market? |
Which region is expected to dominate the global Medical Equipment Cooling Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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