Market Overview:
The global medical chillers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for medical equipment and rising number of hospitals and clinics across the globe. In addition, growing awareness about advanced medical technologies is also propelling the growth of this market. The global medical chillers market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into air-cooled medical chillers and water-cooled medical chillers. Air-cooledmedical Chillers are further classified into centrifugal chillerand screw chiller segments while water cooledmedical Chillers are classified into plate heat exchanger (PHE)chillerand shell & tube chiller segments .Onthe basisofapplication, it can be dividedinto cooling MRIs, cooling CTs ,and cooling linear accelerators .
Product Definition:
A medical chiller is a device that helps maintain the temperature of medical equipment and supplies. This is important because it helps keep the equipment functioning properly and prevents damage to the supplies.
Air-Cooled Medical Chillers:
An air-cooled medical chiller is a device used to cool the air before it is passed on to the therapy room. The main function of these chillers is to make the temperature more comfortable for patients and staff in order to reduce the stress on muscles, joints and nerves caused by excessive cooling or heating. These chillers are also very useful for people who have difficulty regulating their body temperature, such as elderly people, children and those suffering from neurological problems or illness.
Water-Cooled Medical Chillers:
Water-cooled medical chillers are used to maintain the temperature of the liquid nitrogen used for cooling down the equipment and other liquids. The water-cooled medical chillers have a capacity between 1 to 10 tons and can be customized as per client requirements. These chillers are energy efficient, environment friendly, durable with low maintenance costs which makes them an ideal solution for hospitals, laboratories and other healthcare organizations.
Application Insights:
Based on application, the global medical chillers market is segmented into cooling MRI, cooling CTs, and cooling linear accelerators. The MRI segment dominated the overall market in 2017 due to its high demand from European countries such as Germany and France. According to a study published by the National Cancer Institute in 2018, it was estimated that approximately 70% of all cancer centers have one or more magnets that can be used for diagnostic imaging devices. This factor is expected to drive growth over the forecast period.
The usage of these devices during heart surgery also drives their demand owing to their ability to cool down super-cooled liquids required for open heart surgeries without any risk of ice formation and causing injury or damage. These are further driven by factors such as increasing adoption among hospitals & healthcare facilities worldwide coupled with a rise in number of cardiac surgeries which require chilled water for operating room use (ORS).
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors driving the regional demand. Furthermore, rising number of nuclear power plant incidents has led to increased demand for medical cooling equipment in this region. For instance, as per a recent study by Natural Resources Defense Council (NRDC), from 2011 to 2015 there were 1, Dance Halliburton billion spent on upgrading and expanding U.
Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to untapped opportunities in this region due to underdeveloped healthcare infrastructure.
Growth Factors:
- Increasing demand for medical chillers from the pharmaceutical and biotechnology industries to meet the growing needs for temperature-controlled storage and processing of drugs, vaccines, and other biological products.
- Growing demand for medical chillers in hospitals and clinics to provide cooling for diagnostic equipment, blood banks, operating rooms, and other applications.
- Rising number of ambulatory surgery centers (ASCs) that require medical chillers to support their operations.
- Proliferation of retail clinics that need small-scale medical chillers to store vaccines and other medications refrigerated or frozen temperatures as well as maintain a comfortable environment for patients waiting area . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Chillers Market Research Report
By Type
Air-Cooled Medical Chillers, Water-Cooled Medical Chillers
By Application
Cooling MRIs, Cooling CTs, Cooling Linear Accelerators
By Companies
Motivair Corporation, Drake Refrigeration Inc, Cold Shot Chillers, Dimplex Thermal Solutions, Filtrine, Parker (Hyperchill), Carrier, Johnson Thermal Systems, American Chillers, KKT chillers, Motivair Corporation, General Air Products, Ecochillers, Thermal Care, Inc, TEMPEST, Inc, Arctic Chiller Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Medical Chillers Market Report Segments:
The global Medical Chillers market is segmented on the basis of:
Types
Air-Cooled Medical Chillers, Water-Cooled Medical Chillers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cooling MRIs, Cooling CTs, Cooling Linear Accelerators
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Motivair Corporation
- Drake Refrigeration Inc
- Cold Shot Chillers
- Dimplex Thermal Solutions
- Filtrine
- Parker (Hyperchill)
- Carrier
- Johnson Thermal Systems
- American Chillers
- KKT chillers
- Motivair Corporation
- General Air Products
- Ecochillers
- Thermal Care, Inc
- TEMPEST, Inc
- Arctic Chiller Group
Highlights of The Medical Chillers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Air-Cooled Medical Chillers
- Water-Cooled Medical Chillers
- By Application:
- Cooling MRIs
- Cooling CTs
- Cooling Linear Accelerators
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Chillers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical chillers are devices that are used to cool the body down in order to treat medical conditions such as hypothermia or fever. They work by using a cold air flow to send chilled air directly into the body, which helps to lower the temperature and reduce inflammation.
Some of the key players operating in the medical chillers market are Motivair Corporation, Drake Refrigeration Inc, Cold Shot Chillers, Dimplex Thermal Solutions, Filtrine, Parker (Hyperchill), Carrier, Johnson Thermal Systems, American Chillers, KKT chillers, Motivair Corporation, General Air Products, Ecochillers, Thermal Care, Inc, TEMPEST, Inc, Arctic Chiller Group.
The medical chillers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Chillers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Chillers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Chillers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Chillers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Chillers Market Size & Forecast, 2018-2028
4.5.1 Medical Chillers Market Size and Y-o-Y Growth
4.5.2 Medical Chillers Market Absolute $ Opportunity
Chapter 5 Global Medical Chillers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Chillers Market Size Forecast by Type
5.2.1 Air-Cooled Medical Chillers
5.2.2 Water-Cooled Medical Chillers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Chillers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Chillers Market Size Forecast by Applications
6.2.1 Cooling MRIs
6.2.2 Cooling CTs
6.2.3 Cooling Linear Accelerators
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Chillers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Chillers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Chillers Analysis and Forecast
9.1 Introduction
9.2 North America Medical Chillers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Chillers Market Size Forecast by Type
9.6.1 Air-Cooled Medical Chillers
9.6.2 Water-Cooled Medical Chillers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Chillers Market Size Forecast by Applications
9.10.1 Cooling MRIs
9.10.2 Cooling CTs
9.10.3 Cooling Linear Accelerators
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Chillers Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Chillers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Chillers Market Size Forecast by Type
10.6.1 Air-Cooled Medical Chillers
10.6.2 Water-Cooled Medical Chillers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Chillers Market Size Forecast by Applications
10.10.1 Cooling MRIs
10.10.2 Cooling CTs
10.10.3 Cooling Linear Accelerators
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Chillers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Chillers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Chillers Market Size Forecast by Type
11.6.1 Air-Cooled Medical Chillers
11.6.2 Water-Cooled Medical Chillers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Chillers Market Size Forecast by Applications
11.10.1 Cooling MRIs
11.10.2 Cooling CTs
11.10.3 Cooling Linear Accelerators
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Chillers Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Chillers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Chillers Market Size Forecast by Type
12.6.1 Air-Cooled Medical Chillers
12.6.2 Water-Cooled Medical Chillers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Chillers Market Size Forecast by Applications
12.10.1 Cooling MRIs
12.10.2 Cooling CTs
12.10.3 Cooling Linear Accelerators
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Chillers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Chillers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Chillers Market Size Forecast by Type
13.6.1 Air-Cooled Medical Chillers
13.6.2 Water-Cooled Medical Chillers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Chillers Market Size Forecast by Applications
13.10.1 Cooling MRIs
13.10.2 Cooling CTs
13.10.3 Cooling Linear Accelerators
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Chillers Market: Competitive Dashboard
14.2 Global Medical Chillers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Motivair Corporation
14.3.2 Drake Refrigeration Inc
14.3.3 Cold Shot Chillers
14.3.4 Dimplex Thermal Solutions
14.3.5 Filtrine
14.3.6 Parker (Hyperchill)
14.3.7 Carrier
14.3.8 Johnson Thermal Systems
14.3.9 American Chillers
14.3.10 KKT chillers
14.3.11 Motivair Corporation
14.3.12 General Air Products
14.3.13 Ecochillers
14.3.14 Thermal Care, Inc
14.3.15 TEMPEST, Inc
14.3.16 Arctic Chiller Group
