According to the report published by Zion Market Research, global demand Medical Equipment Cooling market was valued at approximately USD 200 Million in 2019, and is expected to generate revenue of around USD 250 Million by end of 2025, growing at a CAGR of around 7.1% between 2020 and 2026.
According to the report published by Zion Market Research, global demand Medical Equipment Cooling market was valued at approximately USD 200 Million in 2019, and is expected to generate revenue of around USD 250 Million by end of 2025, growing at a CAGR of around 7.1% between 2020 and 2026.
Global Medical Equipment Cooling Market: Overview
The medical cooling equipment demand will incessantly increase across the medical sector. The thermal management finds a spectrum of applications in patient core management, medical cooling device, skin cooling, and lab equipment cooling. Medical cooling equipment is utilized for diminishing heat produced by medical device at the time of diagnostic processes. Through this, the medical cooling device can retain lifespan of imaging device and assist in achieving the objective of offering high quality care to the patients.
Global Medical Equipment Cooling Market: Growth Factors
The growth in the medical equipment cooling market is mainly influenced by the financial advantages offered by cooling equipment, high frequency of cancer cases and other diseases, and inflating aging population base. Additionally, rise in diagnostic centers, ambulatory units, and hospitals will also contribute remarkably towards medical equipment cooling market size over the next few years. A fiscal benefit provided by medical equipment cooling and technological breakthroughs in diagnostic imaging is set to offer new horizons of development for the firms of the medical equipment cooling market. However, the rusting risk associated with the cooling equipment is likely to pose a threat towards the market surge during the estimated time.
Nonetheless,reliable patient care and economic advantages provided by medical chillers, technical innovations embedded in medical chillers, and favorable government programs along with massive incidence of chronic ailments is expected to lift the market trends.
Global Medical Equipment Cooling Market: Segmentation
The medical equipment cooling market can be classified into type, configuration, application, compressor, and end user. Type wise, the medical equipment cooling market is sectored into liquid & air based cooling. Compressor wise, the market is divided into Scroll, Screw, Centrifugal, and Reciprocating. Configuration wise, the market is classified into packaged, modular, and split. Application wise, the market is segmented into MRI, CT, PET, LINAC, and medical lasers. Based on the end user, the market is divided into hospitals & labs, oems, and diagnostic treatment centers & laboratories.
Global Medical Equipment Cooling Market: Regional Analysis
Based on region, the medical equipment cooling market can be divided into five main regions: Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. North America is likely to contribute majorly towards overall medical equipment cooling market in the near future. The growth can be mainly credited to the well-established healthcare system in the region, greater adoption of advanced technologies, growing prevalence of non-communicable diseases, and presence of key players. It is likely to be followed by Europe and APAC in terms of growth. The market in Asia Pacific will gain traction over the coming decade due to accelerated economic development along with massive government focus & emphasize on healthcare sector. Additionally, rising cases of chronic diseases and increasing old-age population is more susceptible to chronic ailment which will further contribute towards the regional growth.
Global Medical Equipment Cooling Market: Competitive Players
Some of key players in medical equipment cooling market are Parker Hannifin (U.S.), SKF (U.S.), Trelleborg AB (Sweden), A.W. Chesterton Company (U.S.), and IDEX Corporation (U.S.)
Medical Equipment Cooling Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Medical Equipment Cooling Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Medical Equipment Cooling Market
FIG. 6 Global Medical Equipment Cooling Market Attractiveness, By Type
FIG. 7 Global Medical Equipment Cooling Market Attractiveness, By Compressor
FIG. 8 Global Medical Equipment Cooling Market Attractiveness, By Configuration
FIG. 9 Global Medical Equipment Cooling Market Attractiveness, By Application
FIG. 10 Global Medical Equipment Cooling Market Attractiveness, By End-User
FIG. 11 Company Share Analysis, 2019
FIG. 12 Global Medical Equipment Cooling Market Revenue Share, by Type, 2019 & 2026
FIG. 13 Global Medical Equipment Cooling Market for Liquid, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Medical Equipment Cooling Market for Air, Revenue (USD Million) 2016 - 2026
FIG. 15 Global Medical Equipment Cooling Market Revenue Share, by Compressor, 2019 & 2026
FIG. 16 Global Medical Equipment Cooling Market for Scroll, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Medical Equipment Cooling Market for Screw, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Medical Equipment Cooling Market for Centrifugal, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Medical Equipment Cooling Market for Reciprocating, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Medical Equipment Cooling Market Revenue Share, by Configuration , 2019 & 2026
FIG. 21 Global Medical Equipment Cooling Market for Packaged, Revenue (USD Million) 2016 - 2026
FIG. 22 Global Medical Equipment Cooling Market for Modular, Revenue (USD Million) 2016 - 2026
FIG. 23 Global Medical Equipment Cooling Market for Split, Revenue (USD Million) 2016 - 2026
FIG. 24 Global Medical Equipment Cooling Market Revenue Share, by Application , 2019 & 2026
FIG. 25 Global Medical Equipment Cooling Market for MRI , Revenue (USD Million) 2016 - 2026
FIG. 26 Global Medical Equipment Cooling Market for CT, Revenue (USD Million) 2016 - 2026
FIG. 27 Global Medical Equipment Cooling Market for PET, Revenue (USD Million) 2016 - 2026
FIG. 28 Global Medical Equipment Cooling Market for LINAC, Revenue (USD Million) 2016 - 2026
FIG. 29 Global Medical Equipment Cooling Market for Medical lasers, Revenue (USD Million) 2016 - 2026
FIG. 30 Global Medical Equipment Cooling Market Revenue Share, by Region, 2019 & 2026
FIG. 31 North America Medical Equipment Cooling Market Revenue, 2016 - 2026 (USD Million)
FIG. 32 Europe Medical Equipment Cooling Market Revenue, 2016 - 2026 (USD Million)
FIG. 33 Asia Pacific Medical Equipment Cooling Market Revenue, 2016 - 2026 (USD Million)
FIG. 34 Latin America Medical Equipment Cooling Market Revenue, 2016 - 2026 (USD Million)
FIG. 35 The Middle-East and Africa Medical Equipment Cooling Market Revenue, 2016 - 2026 (USD Million)
FIG. 36 Parker Hannifin (U.S.) Business Segment Revenue Share, 2018 (%)
FIG. 37 Parker Hannifin (U.S.) Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global Medical Equipment Cooling Market: Snapshot
TABLE 2 Drivers of the Medical Equipment Cooling Market: Impact Analysis
TABLE 3 Restraints for the Medical Equipment Cooling Market: Impact Analysis
TABLE 4 Global Medical Equipment Cooling Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Medical Equipment Cooling Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Medical Equipment Cooling Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 7 North America Medical Equipment Cooling Market Revenue, by Compressor, 2016 – 2026 (USD Million)
TABLE 8 North America Medical Equipment Cooling Market Revenue, by Configuration , 2016 – 2026 (USD Million)
TABLE 9 North America Medical Equipment Cooling Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 10 Europe Medical Equipment Cooling Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 11 Europe Medical Equipment Cooling Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 12 Europe Medical Equipment Cooling Market Revenue, by Compressor, 2016 – 2026 (USD Million)
TABLE 13 Europe Medical Equipment Cooling Market Revenue, by Configuration , 2016 – 2026 (USD Million)
TABLE 14 Europe Medical Equipment Cooling Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific Medical Equipment Cooling Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific Medical Equipment Cooling Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 17 Asia Pacific Medical Equipment Cooling Market Revenue, by Compressor, 2016 – 2026 (USD Million)
TABLE 18 Asia Pacific Medical Equipment Cooling Market Revenue, by Configuration , 2016 – 2026 (USD Million)
TABLE 19 Asia Pacific Medical Equipment Cooling Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 20 Latin America Medical Equipment Cooling Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 21 Latin America Medical Equipment Cooling Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 22 Latin America Medical Equipment Cooling Market Revenue, by Compressor, 2016 – 2026 (USD Million)
TABLE 23 Latin America Medical Equipment Cooling Market Revenue, by Configuration , 2016 – 2026 (USD Million)
TABLE 24 Latin America Medical Equipment Cooling Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 25 The Middle-East and Africa Medical Equipment Cooling Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 26 The Middle-East and Africa Medical Equipment Cooling Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 27 The Middle-East and Africa Medical Equipment Cooling Market Revenue, by Compressor, 2016 – 2026 (USD Million)
TABLE 28 The Middle-East and Africa Medical Equipment Cooling Market Revenue, by Configuration , 2016 – 2026 (USD Million)
TABLE 29 The Middle-East and Africa Medical Equipment Cooling Market Revenue, by Application , 2016 – 2026 (USD Million)
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