U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Medical Cooling System Market ” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
The global medical cooling system market was valued at $610.3 in 2018 and is expected to reach $828.8 million by 2026, registering a CAGR of 3.9% from 2019 to 2026. The Medical Cooling System Market report’s main goal is to impart industry knowledge and assist our clients in achieving organic growth in their specialized industries. For businesses and people interested in a certain industry or field, this research should be seen as a valuable source of information and guidance as it provides critical statistics on the global market status of the Market manufacturers. The primary accomplishment of this research is to provide strategic insight to businesses in this sector. Medical cooling systems are widely used to lower down the heat load produced by medical equipment.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
However, high cost of medical imaging systems hinders the growth of this market. The medical cooling system market is segmented on the basis type, application, and end user. By type, it is bifurcated into liquid based cooling and air-based cooling. By application, it is segmented into medical imaging systems, medical lasers, analytical & laboratory equipment, and others. On the basis of end user, it is categorized into original equipment manufacturer (OEMs), hospitals and clinics, diagnostic imaging centers, and others end users. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
It is used in variety of medical applications including imaging, lasers, cold storage & testing, and healthcare dehumidification. In addition, heat reduction from medical devices is needed to reduce thermal stress that can otherwise affect the system because, these devices are used primarily in hospitals, clinics, and centers for diagnostic imaging. However, reducing the medical equipment thermal stress increases the device’s life and helps maintain the reliability. The major factors that drive the market growth include economic benefits offered by medical chillers, technological advancements that help maintain the equipment in good working condition and achieve the healthcare organization’s objective of quality patient care, and rise in prevalence of chronic diseases. In addition, increasing usage of diagnostic devices, laser treatment, and imaging system is estimated to propel the market growth of medical cooling system in the near future.
KEY BENEFITS FOR STAKEHOLDERS
? The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
? It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
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LIST OF KEY PLAYERS PROFILED IN THE REPORT – American Chillers – Cold Shot Chillers – Drake Refrigeration, Inc. – Filtrine Manufacturing Company – General Air Types, Inc. – Parker Hannifin Corp. – Johnson Thermal Systems – KKT Chillers – Glen Dimplex Group – Lytron Inc.
KEY MARKET SEGMENTS
By Type – Liquid based cooling – Air based cooling
By Application – Medical imaging system – Medical lasers – Analytical and laboratory equipment – Others
By End-user – Original equipment manufacturer (OEMs) – Hospitals and clinics – Diagnostic imaging centers – Other end users
By Region – North America o U.S. o Canada o Mexico – Europe o UK o Germany o France o Spain o Russia o Rest of Europe – Asia-Pacific o China o Japan o Australia o South Korea o Rest of Asia-Pacific – LAMEA o Middle East o Africa o Rest of LAMEA
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