Global Medical Equipment Cooling Market, By Product Type (Air-Based Cooling, Liquid-Based Cooling), Compressor (Scroll Compressors, Screw Compressors, Reciprocating Compressors, Centrifugal Compressors), Configuration (Modular Systems, Packaged Systems, Split Systems), Application (Medical Devices, Analytical, Laboratory Equipment), End-User (Hospitals, Laboratories, and Outpatient Clinics, Independent Diagnostic, Treatment Centers and Laboratories, Original Equipment Manufacturers, Other End Users), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
The medical equipment cooling market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 3.75% in the above-mentioned forecast period. Rise in the economic benefits offered by medical equipment cooling drives the medical equipment cooling market.
Medical equipment requires internal cooling to ensure their smooth and efficient functioning. Proper cooling of equipments is required to ensure precise readings and results. Various equipments including X-Rays, MRI’s require combination of cooling, refrigeration and humidification to ensure its accurate and reliable readings with liquid-based or air-based methods.
Rise in the technological advancements in diagnostic imaging modalities is the vital factor escalating the market growth, also rise in the prevalence of cancer, increase in the geriatric population and disease incidence, rise in the number of diagnostic centers and hospitals, rise in the demand of medical imaging system and minimally invasive treatments and increase in the number of diagnostic centers and hospitals globally are the major factors among others driving the medical equipment cooling market. Moreover, rising technological advancements and modernization in the healthcare sector, and rising emerging markets with increasing geriatric population base will further create new opportunities for medical equipment cooling market in the forecasted period of 2021-2028.
However, rise in the risk of corrosion of cooling system and increase in the presence of strict regulations and compliances regarding the approval of these equipments are the major factors among others which will obstruct the market growth, and will further challenge the growth of medical equipment cooling market in the forecast period mentioned above.
The medical equipment cooling market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical equipment cooling market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Medical Equipment Cooling Market Scope and Market Size
The medical equipment cooling market is segmented on the basis of product type, compressor, configuration, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the medical equipment cooling market is segmented into air-based cooling and liquid-based cooling.
- Based on compressor, the medical equipment cooling market is segmented into scroll compressors, screw compressors, reciprocating compressors and centrifugal compressors.
- Based on configuration, the medical equipment cooling market is segmented into modular systems, packaged systems and split systems.
- Based on application, the medical equipment cooling market is segmented into medical devices, analytical and laboratory equipment.
- The medical equipment cooling market is also segmented on the basis of end-user into hospitals, laboratories, and outpatient clinics, independent diagnostic, treatment centers and laboratories, original equipment manufacturers and other end-users.
Medical Equipment Cooling Market Country Level Analysis
The medical equipment cooling market is analysed and market size insights and trends are provided by country, product type, application and role of administration as referenced above.
The countries covered in the medical equipment cooling market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the medical equipment cooling market due to rise in the geriatric population and disease incidence and higher awareness about optimal thermal management of medical equipment in countries such as China, India, and Japan in this region.
The country section of the medical equipment cooling market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The medical equipment cooling market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for medical equipment cooling market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical equipment cooling market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Medical Equipment Cooling Market Share Analysis
The medical equipment cooling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical equipment cooling market.
The major players covered in the medical equipment cooling market report are GLEN DIMPLEX GROUP., Legacy Chiller Systems, Inc., American Chillers, General Air Products, Advanced Cooling Technologies, Inc., Aspen Systems Inc., Filtrine Manufacturing Company, Laird Thermal Systems, Air Products and Chemicals, Inc., Drake Refrigeration Inc., Pelonis Technologies, inc., Peter Huber Kältemaschinenbau AG, TITAN Technology Limited, METRUM CRYOFLEX Sp. z o.o., Sp. k., Lytron, Motivair Corporation, Whaley Products, Inc., Johnson Thermal Systems Inc, Haskris, and Kkt Chillers among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.