Medical Equipment Cooling Market Value - By Compressor (Reciprocating compressors, Scroll compressors, Screw compressors, Centrifugal compressors), By Product Type (Liquid-based cooling, Air-based cooling 3), By Configuration (Packaged systems, Modular systems, Split systems), By Application [Medical devices, Medical imaging systems (MRI, CT scanners, PET), Medical lasers, Linear accelerators, Cold storage and testing, Dehumidification, Analytical & laboratory equipment], By End-use (OEMs, Hospitals, Diagnostic laboratories), By Region (North America, Europe, Asia Pacific, Middle East and Africa, Latin America), COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2024-2032

Industry Outlook

Medical Equipment Cooling Market size is projected to witness substantial growth in the coming years. According to our research, the market size valued at more than USD 343.9 Million in 2023 and is expected to exhibit a CAGR of over 4.5% during the forecast period of 2024 to 2032. By the end of the forecast period, the market is expected to reach a valuation of around USD 524.5 Million.

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Covid-19 Pandemic Impact on Medical Equipment Cooling Market

COVID-19 has increased human suffering, weakened the economy, upended the lives of billions of people worldwide, and had a significant impact on the health, economic, environmental, and social domains. According to the World Health Organization (WHO), COVID-19 had infected over 82 million people and killed over 1.8 million as of December 31, 2020. Supply chain (SC) management (SCM) has had significant issues dealing with an unexpected demand for certain products when simultaneous travel and production restrictions have been enforced since the beginning of the global outbreak in March and is still attempting to recover from this. Companies are working to adapt to the new situation and will almost certainly face changes that will last long after the pandemic has passed. 

Furthermore, the resilience challenge has been addressed in distinctly different ways by various industries. As resilience leaders, healthcare providers stand out. They used the most comprehensive set of metrics, with 60% of healthcare respondents saying they had regionalized their supply chains and 33% saying they had moved production closer to end markets.

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Research Methodology of Global Medical Equipment Cooling Market

At Market Value Insights, we have conducted an extensive analysis of the Medical Equipment Cooling Market, utilizing a 360-degree approach that incorporates both primary and secondary research methods. This comprehensive approach has allowed us to gain a deep understanding of the current market dynamics, including the supply-demand balance, pricing trends, product preferences, customer behaviors, and other key factors.

Our primary research efforts were focused on gathering insights from industry professionals and opinion leaders from around the globe. This helped us to further validate our findings and gain a more well-rounded perspective of the market.

To ensure the accuracy and reliability of our data, we employed a variety of market estimation and data validation techniques. Additionally, we have developed a proprietary model for internally generated data that forecasts market growth until 2032.

By utilizing these research methods, we are able to provide our clients with a comprehensive understanding of the Medical Equipment Cooling Market, allowing them to make informed business decisions and stay ahead of the curve.

Regional Analysis: Rising product demand across the North America region

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North America region is expected to register XX% share of global Medical Equipment Cooling Market by 2032 due to the presence of major players in this region and adoption of advanced technologies across the region contribute to the business growth. Moreover, The United States is the most significant country in terms of technology, and industrial advancement in region, accounting for more than half of the North America region.

Asia Pacific Medical Equipment Cooling Industry is projected to attain over XX% CAGR during the forecast period. The growth in the region is attributed to the favorable government regulation and growing industrialization in the region. Furthermore, Presence of growing economies in this region such as China, India etc. are expected to contribute to the growth of the over the forecast period 2023 - 2032

Top players in the global Medical Equipment Cooling Market 

• Filtrine
• General Air Products
• Haskris
• Johnson Thermal Systems
• Glen Dimplex Group
• American Chillers
• Drake Refrigeration Inc.
• KKT chillers
• Laird Thermal Systems, Inc
• Legacy Chillers, Inc.
• Lytron Chillers
• Motivair Corporation

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In-depth analysis of Medical Equipment Cooling Market with industry coverage and forecasting for the following segments:

Market Value, By Product Type

• Liquid-based cooling
• Air-based cooling

Market Value, By Compressor

• Reciprocating compressors
• Scroll compressors
• Screw compressors
• Centrifugal compressors

Market Value, By Configuration

• Packaged systems
• Modular systems
• Split systems

Market Value, By Application

• Medical devices
• Medical imaging systems
  • Magnetic resonance imaging systems (MRI)
  • Computed tomography scanners (CT)
  • Positron emission tomography systems (PET)
• Medical lasers
• Linear accelerators 
• Cold storage and testing
• Dehumidification
• Analytical & laboratory equipment

Market Value, By End-use

• Original equipment manufacturers (OEMs)
• Hospitals
• Diagnostic laboratories

Market Value, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America