Medical Equipment Cooling Market Outlook 2019,Business Overview by 2026

Posted by Andre on November 6th, 2019

“Data Bridge Market Research” has recently added a concise research on the Medical Equipment Cooling Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled 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

Global medical equipment cooling market is expected to rise from to an estimated value of USD 249.02 million by 2026 registering a steady CAGR in the forecast period of 2019-2026. This rise in the market can be attributed to economic advantage of cooling systems, growing ageing population and increasing prevalence of chronic diseases.

 Segmentation: Global Medical Equipment Cooling Market

Global Medical Equipment Cooling Market By Type (Liquid-Based; Air-Based)

 Compressor (Scroll; Screw; Centrifugal; Reciprocating)

Configuration (Packaged; Modular; Split)

Application (Medical Devices; Analytical & Laboratory Equipment)

End-User (OEMs; Hospitals, Laboratories & Outpatient Clinics; Independent Diagnostic & Laboratories; Treatment Centers; Others)

Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Key Developments in the Market:

• In May, 2019 Atlas Copco announced that they had agreed to acquire Eurochiller S.r.l. With this acquisition, Atlas Copco would be expanding their product portfolio to include cooling equipments. Thus, with Atlas Corpo’s efficiency and quality in production it would bring about new and innovative cooling equipments, enhancing the growth of the cooling equipment market.
• In November 2017, Laird Thermal Systems extended its product line of thermoelectric assembly (TEA) products with the introduction of a new, innovative and technologically advanced range of products for critical medical equipments. It has enhanced its product features and the cooling capacities to cater to medical equipment needs.
• In May 2016, KKT chillers expanded its service capabilities by opening a new service center in Shanghai, China. This expansion was done in order to cater to the rising demand for chiller and equipment coolers by the various end-use industries.

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Market Drivers

• Increasing ageing population would foster the growth of this market, as old people are more prone to diseases such as diabetes, CAD etc
• Rising number of diagnostic centers and hospitals globally would foster the growth of this market
• Financial advantage received by medical equipment cooling would drive the growth of this market
• Rising demand of medical imaging system and minimally invasive treatments boosts the growth

Market Restraints

• Risk of corrosion of cooling system hinders the growth of this market
• Presence of strict regulations and compliances regarding the approval of these equipments is expected to restrain the growth of the market

Primary Respondents

• Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
• Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Competitive Analysis:

Global medical equipment cooling market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical equipment cooling market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Customization of the Report:

• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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