Market Overview:
The global medical equipment cooling market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical equipment, growing awareness about the benefits of using medical equipment cooling systems, and technological advancements in the field of medical equipment cooling systems. The liquid-based cooling segment is expected to dominate the global medical equipment cooling market during the forecast period. This segment is projected to grow at a CAGR of 6% from 2018 to 2030. The air-based cooling segment is projected to grow at a CAGR of 5% from 2018to 2030.
Product Definition:
Medical Equipment Cooling is the use of cooling technology to protect and preserve medical devices. The importance of Medical Equipment Cooling is that it helps ensure that medical devices operate safely and effectively.
Liquid-based Cooling:
Liquid-based cooling is a process of removing heat from an electronic device by using a solution of water and salts. The process is used to cool down the devices that work on batteries or produce excessive heat. This technology has gained popularity owing to its ability to provide effective thermal management in portable devices such as smartphones, tablets, laptops, and other consumer electronics equipment.
The global medical equipment cooling market size was valued at USD 1.5 billion in 2015.
Air-based Cooling:
Air-based cooling is the process of cooling by means of air. It is a cost-effective and environment friendly technology as compared to other technologies such as water or ice based cooling. In this process, dry ice or chilled liquid nitrogen are used to provide extremely low temperatures for short durations which help in reducing the temperature of electronic devices and equipment significantly. This technology helps in lowering the temperature of microelectronic components thereby helping in improving their lifespan and performance.
Application Insights:
MRI systems emerged as the dominant segment in terms of application and accounted for a revenue share of over 40.0% in 2017. The growth can be attributed to the increasing usage of MRI for diagnosis owing to its ability to produce high-quality images. However, PET scanners are expected to witness lucrative growth during the forecast period due to their growing usage across hospitals and healthcare centers worldwide.
CT is another major segment that accounts for a significant market share owing to its wide applications such as cardiovascular imaging, trauma imaging, cancer screening, orthopedic imaging etc. Moreover, it is one of the most preferred methods used by radiologists around the world due largely in part due CTs superior ability compared other conventional X-ray techniques such as x-ray diffraction or computerized axial tomography (CAT) scan which enables them make accurate diagnoses with greater precision thereby contributing towards segment growth during this study period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and high adoption of technologically advanced products in this region. In addition, presence of key players such as 3M; CooperSurgical; Johnson & Johnson Services, Inc.; Becton Dickinson and Company; Medtronic plc.; and GE Healthcare is also contributing towards growth in this region.
Growth Factors:
- Increasing demand for medical equipment due to rising incidence of chronic diseases
- Technological advancements in medical equipment cooling systems
- Growing awareness about the benefits of using medical equipment cooling systems
- Rising demand from emerging markets 5. Growing number of hospitals and clinics
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Equipment Cooling Market Research Report
By Type
Liquid-based Cooling, Air-based Cooling
By Application
MRI, CT, PET, Medical Lasers, Other
By Companies
Glen Dimplex Group, Legacy Chiller Systems, Filtrine Manufacturing Company, Laird Technologies, Cold Shot Chillers, KKT Chillers, General Air Products, Drake Refrigeration, Lytron, Motivair Corporation, American Chillers, Whaley Products
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Medical Equipment Cooling Market Report Segments:
The global Medical Equipment Cooling market is segmented on the basis of:
Types
Liquid-based Cooling, Air-based Cooling
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
MRI, CT, PET, Medical Lasers, Other
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:
- Glen Dimplex Group
- Legacy Chiller Systems
- Filtrine Manufacturing Company
- Laird Technologies
- Cold Shot Chillers
- KKT Chillers
- General Air Products
- Drake Refrigeration
- Lytron
- Motivair Corporation
- American Chillers
- Whaley Products
Highlights of The Medical Equipment Cooling 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:
- Liquid-based Cooling
- Air-based Cooling
- By Application:
- MRI
- CT
- PET
- Medical Lasers
- Other
- 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 Equipment Cooling 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 equipment cooling is a process used to keep medical devices and other medical equipment at safe operating temperatures.
Some of the key players operating in the medical equipment cooling market are Glen Dimplex Group, Legacy Chiller Systems, Filtrine Manufacturing Company, Laird Technologies, Cold Shot Chillers, KKT Chillers, General Air Products, Drake Refrigeration, Lytron, Motivair Corporation, American Chillers, Whaley Products.
The medical equipment cooling market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Equipment Cooling 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 Equipment Cooling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Equipment Cooling 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 Equipment Cooling 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 Equipment Cooling Market Size & Forecast, 2018-2028
4.5.1 Medical Equipment Cooling Market Size and Y-o-Y Growth
4.5.2 Medical Equipment Cooling Market Absolute $ Opportunity
Chapter 5 Global Medical Equipment Cooling 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 Equipment Cooling Market Size Forecast by Type
5.2.1 Liquid-based Cooling
5.2.2 Air-based Cooling
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Equipment Cooling 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 Equipment Cooling Market Size Forecast by Applications
6.2.1 MRI
6.2.2 CT
6.2.3 PET
6.2.4 Medical Lasers
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Equipment Cooling 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 Equipment Cooling 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 Equipment Cooling Analysis and Forecast
9.1 Introduction
9.2 North America Medical Equipment Cooling 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 Equipment Cooling Market Size Forecast by Type
9.6.1 Liquid-based Cooling
9.6.2 Air-based Cooling
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 Equipment Cooling Market Size Forecast by Applications
9.10.1 MRI
9.10.2 CT
9.10.3 PET
9.10.4 Medical Lasers
9.10.5 Other
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 Equipment Cooling Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Equipment Cooling 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 Equipment Cooling Market Size Forecast by Type
10.6.1 Liquid-based Cooling
10.6.2 Air-based Cooling
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 Equipment Cooling Market Size Forecast by Applications
10.10.1 MRI
10.10.2 CT
10.10.3 PET
10.10.4 Medical Lasers
10.10.5 Other
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 Equipment Cooling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Equipment Cooling 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 Equipment Cooling Market Size Forecast by Type
11.6.1 Liquid-based Cooling
11.6.2 Air-based Cooling
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 Equipment Cooling Market Size Forecast by Applications
11.10.1 MRI
11.10.2 CT
11.10.3 PET
11.10.4 Medical Lasers
11.10.5 Other
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 Equipment Cooling Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Equipment Cooling 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 Equipment Cooling Market Size Forecast by Type
12.6.1 Liquid-based Cooling
12.6.2 Air-based Cooling
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 Equipment Cooling Market Size Forecast by Applications
12.10.1 MRI
12.10.2 CT
12.10.3 PET
12.10.4 Medical Lasers
12.10.5 Other
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 Equipment Cooling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Equipment Cooling 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 Equipment Cooling Market Size Forecast by Type
13.6.1 Liquid-based Cooling
13.6.2 Air-based Cooling
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 Equipment Cooling Market Size Forecast by Applications
13.10.1 MRI
13.10.2 CT
13.10.3 PET
13.10.4 Medical Lasers
13.10.5 Other
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 Equipment Cooling Market: Competitive Dashboard
14.2 Global Medical Equipment Cooling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Glen Dimplex Group
14.3.2 Legacy Chiller Systems
14.3.3 Filtrine Manufacturing Company
14.3.4 Laird Technologies
14.3.5 Cold Shot Chillers
14.3.6 KKT Chillers
14.3.7 General Air Products
14.3.8 Drake Refrigeration
14.3.9 Lytron
14.3.10 Motivair Corporation
14.3.11 American Chillers
14.3.12 Whaley Products
