Medical Equipment Cooling Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032

PUBLISHED: November 7, 2024

PAGES: 136 Pages

DELIVERY TIME: 2-3 business days

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Description

The Global Medical Equipment Cooling Market was valued at USD 445.9 million in 2023 and is projected to grow at a 3.8% CAGR from 2024 to 2032. Medical equipment cooling involves the usage of various technologies and processes to manage the temperature of devices and machinery to ensure they operate efficiently and last longer. Effective cooling is essential for a wide range of medical equipment, including imaging systems, laboratory tools, and other electronics that generate heat during operation.

As the demand for diagnostic imaging equipment continues to rise, especially with the increase in patient numbers and diagnostic tests, the need for efficient cooling solutions becomes even more critical. Imaging systems like CT and MRI scanners produce substantial heat during use, which can affect the performance and longevity of the equipment. This growing reliance on advanced imaging technologies underscores the need for reliable cooling mechanisms to maintain the accuracy and durability of these systems.

The medical equipment cooling market is primarily divided into two product categories: liquid-based cooling and air-based cooling. The liquid-based cooling segment led the market in 2023, accounting for USD 244.1 million in revenue. Liquid cooling systems are preferred for their energy efficiency and ability to provide consistent, stable cooling. These systems use circulating coolants or chilled fluids to absorb and dissipate heat, ensuring that sensitive equipment remains at an optimal temperature. This steady cooling is crucial for maintaining the performance and reliability of medical devices, particularly those used in high-precision applications.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$445.9 Million
Forecast Value	$617.9 Million
CAGR	3.8%

The market is also segmented by compressor type, which includes reciprocating, scroll, screw, and centrifugal compressors. Among these, scroll compressors held the largest share, contributing 32.8% of the market revenue in 2023. The design of scroll compressors, which feature fewer moving parts, helps reduce energy loss and improves overall performance. This design makes them ideal for maintaining precise temperature control in medical devices, such as imaging and laser treatments. Additionally, their quiet operation is a significant advantage in medical settings, where minimizing noise is essential for patient comfort and a conducive environment for healthcare providers.

In North America, the medical equipment cooling market was valued at USD 154.4 million in 2023 and is expected to grow at 3.5% CAGR during the forecast period. The rising prevalence of chronic conditions and the growing need for diagnostic imaging services have driven the demand for advanced cooling systems in this region. Stable cooling is necessary to ensure the accuracy and reliability of imaging equipment, which plays a vital role in diagnosing and monitoring various medical conditions.

Product Code: 3679

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° 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 Reimbursement scenario
3.7 Comparison by compressor type
3.8 Comparison by configuration systems
3.9 Future market trends
3.10 Gap analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Global company market share analysis, by compressors
- 4.3.1 Reciprocating compressors
- 4.3.2 Scroll compressors
- 4.3.3 Screw compressors
- 4.3.4 Centrifugal compressors
4.4 Company matrix analysis
4.5 Competitive positioning matrix
4.6 Strategy dashboard

Chapter 5 Market Estimates and Forecast, By Product Type, 2021 - 2032 ($ Mn)

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

Chapter 6 Market Estimates and Forecast, By Compressor, 2021 - 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, 2021 - 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, 2021 - 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, 2021 - 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, 2021 - 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 Spain
- 10.3.5 Italy
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
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
10.6 Middle East and Africa
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE