Market Overview:
The global medical water 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 awareness about healthcare among people. The air-cooled water chillers segment is expected to dominate the market during the forecast period owing to its low cost and easy installation.
Product Definition:
A medical water chiller is a device that uses refrigeration to cool water for use in medical procedures. The importance of medical water chillers is that they help maintain the proper temperature of fluids used in procedures such as dialysis and surgery.
Air-cooled Water Chillers:
An air-cooled water chiller is a device used to cool down the water before it is used for medical purposes. It works by using ambient air as a heat exchanger, thereby reducing the temperature of the water before it is given to patients. The product has gained popularity owing to its ability to provide safe drinking water at lower costs and reduced environmental impact.
Water-cooled Water Chillers:
Water-cooled water chillers are used to cool the water before it is used for intravenous infusion. The product helps in maintaining the temperature of IV fluid at a constant level. It works by using a refrigeration system that uses ice or cold water from an external source and re-circulates it through the IV solution thereby helping in reducing the temperature of infused solution thus avoiding any risk of hypothermia and hyperthermia.
Application Insights:
The cooling MRA segment held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to an increase in number of MRI scanners across hospitals and clinics, which necessitates large quantities of chilled water for operating rooms. Furthermore, a rise in demand for advanced medical equipment has also positively influenced the growth of this application.
Cooling CTs segment is expected to grow at a lucrative rate during the forecast period owing to increasing adoption of these chillers by hospitals and diagnostic centers that have invested heavily in upgrading their imaging facilities with state-of-the-art technology. In addition, growing investments by governments as well as private institutions are further anticipated to boost industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to the presence of well-established healthcare infrastructure, high disposable income, and favorable reimbursement policies & regulatory reforms in this region. In addition, increasing demand for advanced medical devices and replacement of aging equipment by hospitals is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising investments by governments in developing countries such as India and China along with other emerging economies such as Indonesia, Malaysia, Philippines etc., which are major manufacturing hubs for medical equipment globally. Growing awareness about various treatments available along with growing disposable income will continue driving regional demand over next eight years (2030).
Growth Factors:
- Increasing demand for medical water chillers from the healthcare sector to meet the cooling requirements of medical equipment and devices.
- Growing popularity of medical tourism, which is driving the demand for advanced healthcare infrastructure, including medical water chillers.
- Rising number of hospitals and clinics across the globe is fueling the growth of the global medical water chiller market.
- Proliferation of research and development activities in life sciences sector is expected to create new opportunities for growth of this market in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Water Chillers Market Research Report
By Type
Air-cooled Water Chillers, Water-cooled Water Chillers
By Application
Cooling MRIs, Cooling CTs, Cooling Linear Accelerators, Other Medical use
By Companies
Dimplex Thermal Solutions, Filtrine, Parker (Hyperchill), Carrier, Johnson Thermal Systems, American Chillers, KKT chillers, Lytron, General Air Products, Cold Shot Chillers, Motivair Corporation, Ecochillers
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Medical Water Chillers Market Report Segments:
The global Medical Water Chillers market is segmented on the basis of:
Types
Air-cooled Water Chillers, Water-cooled Water 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, Other Medical use
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:
- Dimplex Thermal Solutions
- Filtrine
- Parker (Hyperchill)
- Carrier
- Johnson Thermal Systems
- American Chillers
- KKT chillers
- Lytron
- General Air Products
- Cold Shot Chillers
- Motivair Corporation
- Ecochillers
Highlights of The Medical Water 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 Water Chillers
- Water-cooled Water Chillers
- By Application:
- Cooling MRIs
- Cooling CTs
- Cooling Linear Accelerators
- Other Medical use
- 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 Water 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.
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 water chillers are used to cool and store medical water. They are typically used in hospitals, clinics, and other medical facilities.
Some of the major companies in the medical water chillers market are Dimplex Thermal Solutions, Filtrine, Parker (Hyperchill), Carrier, Johnson Thermal Systems, American Chillers, KKT chillers, Lytron, General Air Products, Cold Shot Chillers, Motivair Corporation, Ecochillers.
The medical water chillers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Water Chillers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Water Chillers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Water Chillers Market - Supply Chain
4.5. Global Medical Water Chillers Market Forecast
4.5.1. Medical Water Chillers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Water Chillers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Water Chillers Market Absolute $ Opportunity
5. Global Medical Water Chillers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Water Chillers Market Size and Volume Forecast by Type
5.3.1. Air-cooled Water Chillers
5.3.2. Water-cooled Water Chillers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Water Chillers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Water Chillers Market Size and Volume Forecast by Application
6.3.1. Cooling MRIs
6.3.2. Cooling CTs
6.3.3. Cooling Linear Accelerators
6.3.4. Other Medical use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Water Chillers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Water Chillers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Water Chillers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Water Chillers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Water Chillers Demand Share Forecast, 2019-2026
9. North America Medical Water Chillers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Water Chillers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Water Chillers Market Size and Volume Forecast by Application
9.4.1. Cooling MRIs
9.4.2. Cooling CTs
9.4.3. Cooling Linear Accelerators
9.4.4. Other Medical use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Water Chillers Market Size and Volume Forecast by Type
9.7.1. Air-cooled Water Chillers
9.7.2. Water-cooled Water Chillers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Water Chillers Demand Share Forecast, 2019-2026
10. Latin America Medical Water Chillers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Water Chillers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Water Chillers Market Size and Volume Forecast by Application
10.4.1. Cooling MRIs
10.4.2. Cooling CTs
10.4.3. Cooling Linear Accelerators
10.4.4. Other Medical use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Water Chillers Market Size and Volume Forecast by Type
10.7.1. Air-cooled Water Chillers
10.7.2. Water-cooled Water Chillers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Water Chillers Demand Share Forecast, 2019-2026
11. Europe Medical Water Chillers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Water Chillers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Water Chillers Market Size and Volume Forecast by Application
11.4.1. Cooling MRIs
11.4.2. Cooling CTs
11.4.3. Cooling Linear Accelerators
11.4.4. Other Medical use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Water Chillers Market Size and Volume Forecast by Type
11.7.1. Air-cooled Water Chillers
11.7.2. Water-cooled Water Chillers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Water Chillers Demand Share, 2019-2026
12. Asia Pacific Medical Water Chillers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Water Chillers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Water Chillers Market Size and Volume Forecast by Application
12.4.1. Cooling MRIs
12.4.2. Cooling CTs
12.4.3. Cooling Linear Accelerators
12.4.4. Other Medical use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Water Chillers Market Size and Volume Forecast by Type
12.7.1. Air-cooled Water Chillers
12.7.2. Water-cooled Water Chillers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Water Chillers Demand Share, 2019-2026
13. Middle East & Africa Medical Water Chillers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Water Chillers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Water Chillers Market Size and Volume Forecast by Application
13.4.1. Cooling MRIs
13.4.2. Cooling CTs
13.4.3. Cooling Linear Accelerators
13.4.4. Other Medical use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Water Chillers Market Size and Volume Forecast by Type
13.7.1. Air-cooled Water Chillers
13.7.2. Water-cooled Water Chillers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Water Chillers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Water Chillers Market: Market Share Analysis
14.2. Medical Water Chillers Distributors and Customers
14.3. Medical Water Chillers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dimplex Thermal Solutions
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Filtrine
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Parker (Hyperchill)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Carrier
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Johnson Thermal Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. American Chillers
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KKT chillers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lytron
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. General Air Products
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cold Shot Chillers
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Motivair Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ecochillers
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook