Medical Equipment Cooling Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Medical Equipment Cooling Market by region.
The global medical equipment cooling market was valued at US $200 million in the year 2020 and is anticipated to be worth US $296 million by the year 2030 with a growing compound annual growth rate (CAGR) of more than 4% in the forecast period from 2021 to 2030.
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Medical cooling systems are used during diagnostics examinations to reduce surplus heat by medical equipment this results in prolonging the life of medical equipment, producing high-quality imaging, and provide towards efficient patient care. Therefore, cooling systems are critical to the smooth operation of medical equipment.
Factors Affecting
An increasing number of hospitals and improvements in machinery are leading to a surging demandfor equipment cooling systems.
Research projects specializing in diagnosing infectious diseases are aggressively being approached by many countries’ governments, thus fueling the market demand.
There has been an increase in the geriatric population, and an increase in chronic diseases suffered by these age groups is also likely to drive the market growth.
The cooling systems have to be compliedto strict regulatory procedure by the government to guarantee patients’ safety, which may hinder demand for the medical equipment cooling market.
The expenses of medical and healthcare facilities and medical inflation is growing fast, which may slowdown the market growth.
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Impact of Covid-19
Government bodies imposed several lockdowns, which resulted in temporary production halts or a reduction in workforce. Due to such sanctions, the global medical cooling market was negatively affected. However, the Covid-19 pandemic also induced a rising demand for medical equipment such as ventilators, patient monitors, and other medical devices demand. In this way, the market can gradually grow post-pandemic with the aid of Covid-19-induced methods such as digital pathology and remote collection.
Regional insights
In terms of region, North America is the leading market for global medical equipment cooling systems, followed by Europe and Asia-Pacific.The well-established healthcare infrastructure in North America and the acceptance of enhanced and cutting-edge technologies, along with the rise in non-communicable diseases, all contribute to the market’s growth. Furthermore, Asia-Pacific and Latin America are promising markets and are forecasted to flourish during the forecast period.It is due to the growingeconomy of many countries, increasing focus on healthcare infrastructure and facilities by several governments, increasing cases of chronic illnesses, and increasing number of geriatric populations.
Competitive Landscape
American Chillers
Cold Shot Chillers
Drake Refrigeration, Inc.
Filtrine Manufacturing Company, Inc.
General Air Products, Inc.
Glen Dimplex Group
Haskris
Johnson Thermal Systems
KKT Chillers
Laird Technologies, Inc.
Lytron Inc.
Motivair Corporation
Parker Hannifin Corp
Whaley Products Inc.
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Segment Analysis
Medical Equipment Cooling Market, by Type
Liquid-based Cooling
Air-based Cooling
Medical Equipment Cooling Market, by Compressor
Scroll Compressors
Screw Compressors
Centrifugal Compressors
Reciprocating Compressors
Medical Equipment Cooling Market, by Configuration
Packaged Systems
Modular Systems
Split Systems
Medical Equipment Cooling Market, by Application
Medical Devices
Medical Imaging Systems
Magnetic Resonance Imaging Systems (MRI)
Computed tomography scanners (CT)
Positron Emission tomography systems (PET)
Medical Lasers
Linear Accelerators
Analytical & Laboratory Equipment
Original Equipment Manufacturers (OEMs)
Hospitals, Laboratories, & Outpatient Clinics
Independent Diagnostic & Treatment Centers and Laboratories
Other End Users
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Medical Equipment Cooling Market, by Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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