Overview


According to FutureWise analysis the market for medical equipment cooling in 2023 is US$ 0.22 billion, and is expected to reach US$ 0.3 billion by 2031 at a CAGR of 4.02%.

Factors driving the growth of the market are the economic benefits offered by cooling systems, rising incidence of cancer, and rising geriatric population. Increase in diagnostic centers, hospitals, and ambulatory units is expanding the market. Technological advancements in diagnostic imaging coupled with fiscal benefit offers by medical equipment cooling are spurring the market. Favorable government programs along with technological advancements in medical chillers are positively influencing the market.

The market is bifurcated into by type, by compressor, by configuration, by application, by end-user and region. Based on the configuration, packaged systems are expected to hold a vast share of the market. Packaged systems offer assembled components at the factory thus eliminating the need to need to install the system manually. It also reduces time by removing the need to design, owing to these factors there has been a huge demand for packaged systems.
In terms of type, liquid-based cooling holds a vast share of the market. The liquid-based cooling system when compared to air-based cooling, offers better lifespan. It also offers reduced noise. Owing to these factors, there has been a spike in the demand of liquid-based cooling, thus burgeoning the market.
Based on compressor, scrolls are expected to showcase the highest growth. Scrolls are available at a lower cost and reduce the vibration noise. It also lessens the refrigerant leak risk with the usage of screw compressors.

Based on the application, medical devices are expected to control the growth of the market. The growing use of MRI systems in diagnostic imaging coupled with technological advancements in the field of computed tomography is stimulating the market. Moreover, the growing use of pet scanners has positively influenced the market. The economic benefits offered by the optimal device is also boosting the market.
Based on end-users, hospital laboratories and outpatient clinics are expected to dictate the market growth. The rapid expansion of hospitals alongside a rise in healthcare expenditure has bolstered the market. The growing number of the diagnostic imaging procedure coupled with rising demand and usage of LINAC and lasers is fueling the growth of the market.

In terms of region, the Asia-Pacific region is expected to witness immense growth owing to the rise in healthcare expenditure, especially in emerging economies like China, Japan, and India. The growing awareness of optimal thermal management and rising cases of chronic diseases and ailments is boosting the presence of the market in the region. North America is the global leader of the market owing to the presence of major players and well-established healthcare systems in countries like the US and Canada. The growing adoption of the latest and advanced technologies is also driving the market in the region.

  • Glen Dimplex Group
  • Drake Refrigeration, Inc.
  • General Air Products, Inc.
  • Filtrine Manufacturing Company, Inc.
  • Legacy Chiller Systems Inc
  • Parker Hannifin Corp
  • American Chillers
  • Haskris
  • Johnson Thermal Systems
  • Motivair Corporation
  • Whaley Products Inc.

(Note: The list of the major players will be updated with the latest market scenario and trends)

By Type

  • Liquid-based Cooling
    • Liquid-Liquid Configuration
    • Liquid-Air Heat Transfer Configuration
    • Compressor-Based Recirculating Configuration
  • Air-based Cooling
    • Direct-To-Air Configuration
    • Air-To-Air Configuration

By Compressor

  • Scroll Compressors
  • Screw Compressors
  • Centrifugal Compressors
  • Reciprocating Compressors

By Configuration

  • Packaged Systems
  • Modular Systems
  • Split Systems

By Application

  • Medical Devices
  • Medical Imaging Systems
    • Magnetic Resonance Imaging Systems
    • Computed Tomography Scanners
    • Positron Emission Tomography Scanners
  • Medical Lasers
  • Linear Accelerators

By End-User

  • Original Equipment Manufacturers
  • Hospital, Laboratories and Outpatient Clinics
  • Independent Diagnostics and Treatment Centers and Laboratories
  • Analytical and Laboratory Equipment

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants
  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth
  • To provide with an exhaustive analysis on the Global Medical Equipment Cooling Market By Type, By Compressor, By Configuration, By Application, By End-user, and By Region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Middle East and Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financial and core competencies
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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Medical Equipment Cooling Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Medical Equipment Cooling Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Medical Equipment Cooling Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Medical Equipment Cooling Market, By Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Liquid-based cooling
         1.1. Liquid-Liquid Configuration
         1.2. Liquid-Air Heat Transfer Configuration
         1.3. Compressor-Based Recirculating Configuration
        2. Air-based cooling
         2.1. Direct-To-Air Configuration
         2.2. Air-To-Air Configuration

  • 8.   Medical Equipment Cooling Market, By Compressor Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Scroll Compressors
        2. Screw Compressors
        3. Centrifugal Compressors
        4. Reciprocating Compressors

  • 9.   Medical Equipment Cooling Market, By Configuration Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Packaged Systems
        2. Modular Systems
        3. Split Systems

  • 10.   Medical Equipment Cooling Market, By Application Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Medical Devices
        2. Medical Imaging Systems
         2.1. Magnetic Resonance Imaging Systems
         2.2. Computed Tomography Scanners
         2.3. Positron Emission Tomography Scanners
        3. Medical Lasers
        4. Linear Accelerators

  • 11.   Medical Equipment Cooling Market, By End-User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Original Equipment Manufacturers
        2. Hospital, Laboratories and Outpatient Clinics
        3. Independent Diagnostics and Treatment Centers and Laboratories
        4. Analytical and Laboratory Equipment

  • 12.   North America Medical Equipment Cooling Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 13.   Latin America Medical Equipment Cooling Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 14.   Europe Medical Equipment Cooling Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 15.   Asia Pacific Medical Equipment Cooling Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 16.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 17.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 18.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Glen Dimplex Group
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Drake Refrigeration, Inc.
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. General Air Products, Inc.
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Filtrine Manufacturing Company, Inc.
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Legacy Chiller Systems Inc
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Parker Hannifin Corp
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. American Chillers
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Haskris
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Johnson Thermal Systems
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. Motivair Corporation
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. Whaley Products Inc.
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview

  • 19.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 20.   FutureWise SME Key Takeaway Points for Client•
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