The global medical cooling systems market size reached US$ 742.8 million in 2023. The market is projected to reach US$ 1,055.2 million by 2032, exhibiting a growth rate (CAGR) of 3.98% during 2023-2032. The rising product utilization in medical imaging systems, increasing incidence of chronic diseases, and the widespread product adoption in medical storage represent some of the key factors driving the market.
Medical cooling systems refer to equipment designed to maintain optimal temperature and reduce the heat load generated by medical devices. It includes air and water-based cooling systems consisting of several components, such as a compressor, heat exchanger, condenser, radiator, coolant, filter, and driver board. Medical cooling systems are widely used in imaging applications, analytical and laboratory equipment, dehumidification, laser devices, ventilation and respiratory care, linear accelerator, and cold storage. These systems provide faster thermal cycling, increase the service life of medical equipment, prevent performance variability, and minimize the risk of premature component failure. Medical cooling systems help in ensuring patient safety, preserving medical samples and supplies and supporting the proper functioning of medical equipment. As a result, they are extensively used in hospitals, clinics, and diagnostic centers.
Medical cooling systems refer to equipment designed to maintain optimal temperature and reduce the heat load generated by medical devices. It includes air and water-based cooling systems consisting of several components, such as a compressor, heat exchanger, condenser, radiator, coolant, filter, and driver board. Medical cooling systems are widely used in imaging applications, analytical and laboratory equipment, dehumidification, laser devices, ventilation and respiratory care, linear accelerator, and cold storage. These systems provide faster thermal cycling, increase the service life of medical equipment, prevent performance variability, and minimize the risk of premature component failure. Medical cooling systems help in ensuring patient safety, preserving medical samples and supplies and supporting the proper functioning of medical equipment. As a result, they are extensively used in hospitals, clinics, and diagnostic centers.
Medical Cooling Systems Market Trends
The rising product utilization in medical imaging systems is one of the primary factors driving the market growth. Medical cooling systems are widely used in several imaging devices, such as computer tomography (CT), magnetic resonance imaging (MRI), positron emission tomography (PET) scan, angiography, and X-ray machine to maintain the optimum condition, reduce thermal stress, and enhance accuracy, reliability, and performance of the equipment. In addition to this, the growing demand for diagnostic imaging tools due to increasing incidences of chronic diseases, such as cancer, neurological disorders, tuberculosis, chronic respiratory ailments, and gastrointestinal and cardiovascular diseases (CVDs), is acting as another growth-inducing factor. Furthermore, the widespread product adoption in medical storage and warehousing applications to preserve and maintain the quality of blood, insulin, medical supplies, drugs, vaccines, biological samples, and other temperature-sensitive products is providing an impetus to the market growth. Additionally, the introduction of self-contained liquid cooling systems (LCS) that provide a high coefficient of performance (COP), ensure low power operation, and maximize the uptime of medical imaging equipment is positively influencing the market growth. Apart from this, rising product adoption in various laser treatments, such as hair and tattoo removal, vascular lesion procedures, and body sculpting to protect the epidermis, minimize pain and discomfort, and maximize the performance of laser is favoring the market growth. Moreover, increasing product demand in injury treatment and post-operative recovery to enhance the healing process, reduce swelling, and control edema is propelling the market growth. Other factors, including the rising geriatric population, increasing investment in the research and development (R&D) of advanced cooling systems, and significant growth in the healthcare industry, are anticipated to drive the market growth.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global medical cooling systems market, along with forecasts at the global, regional, and country levels from 2023-2032. The report has categorized the market based on type, application, and end user.Type Insights:
- Water Cooled Chillers
- Air Cooled Chillers
Application Insights:
- Medical Imaging
- Medical Lasers
- Medical Cold Storage and Testing
- Healthcare Dehumidification
- Others
End User Insights:
- Original Equipment Manufacturer (OEMs)
- Hospitals and Clinics
- Diagnostic Imaging Centers
- Others
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global medical cooling systems market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Advanced Cooling Technologies Inc., American Chiller Service Inc., BEEHE (Taicang) Electric Co. Ltd., Cold Shot Chillers, Drake Refrigeration Inc., Filtrine Manufacturing Company, General Air Products Inc., Haskris, KKT chillers Inc., Legacy Chillers Inc., Motivair Corporation, STULZ GmbH, Whaley Products Inc., etc.Key Questions Answered in This Report:
- How has the global medical cooling systems market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global medical cooling systems market?
- What is the impact of each driver, restraint, and opportunity on the global medical cooling systems market?
- What are the key regional markets?
- Which countries represent the most attractive medical cooling systems market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the medical cooling systems market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the medical cooling systems market?
- What is the breakup of the market based on end user?
- Which is the most attractive end user in the medical cooling systems market?
- What is the competitive structure of the global medical cooling systems market?
- Who are the key players/companies in the global medical cooling systems market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Medical Cooling Systems Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Advanced Cooling Technologies Inc.
- American Chiller Service Inc.
- BEEHE (Taicang) Electric Co. Ltd.
- Cold Shot Chillers
- Drake Refrigeration Inc.
- Filtrine Manufacturing Company
- General Air Products Inc.
- Haskris
- KKT chillers Inc.
- Legacy Chillers Inc.
- Motivair Corporation
- STULZ GmbH
- Whaley Products Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 742.8 Million |
| Forecasted Market Value ( USD | $ 1055 Million |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
