Medical Equipment Cooling Market - By Product Type, Compressor Configuration, Application, End-use - Global Forecast, 2024 - 2032

PUBLISHED: February 22, 2024

PAGES: 210 Pages

DELIVERY TIME: 2-3 business days

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Description

Medical Equipment Cooling Market size is anticipated to register more than 4.5% CAGR between 2024 and 2032, owing to rising medical technological advancements. The increasing complexity of medical equipment leading to higher heat generation is necessitating efficient cooling solutions to maintain optimal performance and reliability. Additionally, the rising prevalence of chronic diseases and the growing demand for diagnostic and therapeutic procedures have made way for the expansion of the healthcare sector, thereby augmenting the industry growth. As per WHO, non-communicable diseases (NCDs) claim the lives of 41 million individuals annually, accounting for 74% of total global deaths.

Moreover, with patients becoming more discerning about their healthcare experiences, there is a growing demand for medical devices that offer quiet and efficient cooling while minimizing discomfort during diagnostic procedures and treatment. The strong need to reduce energy consumption and operational costs in healthcare facilities has further led to the growing emphasis on energy-efficient cooling solutions for medical equipment.

The medical equipment cooling industry is classified on the basis of product type, compressor, configuration, application, end-use and region.

Based on compressor, the market value from the centrifugal compressor segment is slated to witness 3.9% growth rate during 2024-2032, driven by the ability to offer efficient and reliable compression solutions across various industries. Centrifugal compressors are preferred for their high capacity, minimal maintenance requirements, and ability to handle large volumes of gas or air with relatively low power consumption. Additionally, these compressors are known for their versatility, making them suitable for a wide range of applications, including power generation, oil & gas processing, chemical manufacturing, and refrigeration.

In terms of end-use, the medical equipment cooling market from the diagnostic laboratories segment is poised to record 4.6% CAGR over the forecast period, due to their increasing reliance on sophisticated diagnostic imaging equipment like MRI machines, CT scanners, and ultrasound systems. These devices generate substantial heat during operations, necessitating efficient cooling solutions to maintain optimal performance and ensure accurate diagnostic results.

Europe medical equipment cooling market size is projected to witness 3.8% CAGR during 2024-2032. With healthcare facilities upgrading their medical equipment to meet growing patient demands and technological advancements across the region, there is a corresponding need for innovative cooling solutions tailored to the requirements of these sophisticated devices. Growing stringent regulations and standards governing medical device safety and performance are also underscoring the importance of reliable cooling systems to prevent overheating and ensure patient safety. The strong emphasis on energy efficiency and sustainability in healthcare facilities will drive the demand for eco-friendly cooling solutions, stimulating the regional industry growth.

Product Code: 3679

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Data collection
1.4 Forecast parameters
1.5 Data sources
- 1.5.1 Primary
- 1.5.2 Secondary
  - 1.5.2.1 Paid sources
  - 1.5.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing prevalence of chronic diseases
  - 3.2.1.2 Technological advancements in diagnostic imaging modalities
  - 3.2.1.3 Growing demand for temperature control
  - 3.2.1.4 Rising adoption of minimally invasive surgical techniques
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Upfront costs associated with purchasing and installing medical equipment cooling systems
  - 3.2.2.2 Regulatory compliance challenges
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Technological landscape
3.6 Porter's analysis
- 3.6.1 Supplier power
- 3.6.2 Buyer power
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.6.5 Industry rivalry
3.7 PESTEL analysis
3.8 Reimbursement scenario
3.9 Future market trends
3.10 Gap analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company matrix analysis
4.3 Company market share analysis
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Market Estimates and Forecast, By Product Type, 2018 - 2032 ($ Mn)

5.1 Key trends
5.2 Liquid-based cooling
5.3 Air-based cooling

Chapter 6 Market Estimates and Forecast, By Compressor, 2018 - 2032 ($ Mn)

6.1 Key trends
6.2 Reciprocating compressors
6.3 Scroll compressors
6.4 Screw compressors
6.5 Centrifugal compressors

Chapter 7 Market Estimates and Forecast, By Configuration, 2018 - 2032 ($ Mn)

7.1 Key trends
7.2 Packaged systems
7.3 Modular systems
7.4 Split systems

Chapter 8 Market Estimates and Forecast, By Application, 2018 - 2032 ($ Mn)

8.1 Key trends
8.2 Medical devices
- 8.2.1 Medical imaging systems
  - 8.2.1.1 Magnetic resonance imaging systems (MRI)
  - 8.2.1.2 Computed tomography scanners (CT)
  - 8.2.1.3 Positron emission tomograph systems (PET)
- 8.2.2 Medical lasers
- 8.2.3 Linear accelerators
8.3 Cold storage and testing
8.4 Dehumidification
8.5 Analytical & laboratory equipment

Chapter 9 Market Estimates and Forecast, By End-Use, 2018 - 2032 ($ Mn)

9.1 Key trends
9.2 Original equipment manufacturers (OEMs)
9.3 Hospitals
9.4 Diagnostic laboratories
9.5 Other end-users

Chapter 10 Market Estimates and Forecast, By Region, 2018 - 2032 ($ Mn)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 South Korea
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 Middle East and Africa
- 10.6.1 Saudi Arabia
- 10.6.2 South Africa
- 10.6.3 UAE
- 10.6.4 Rest of Middle East and Africa