Overview


Medical equipment cooling market is estimated to value at a CAGR of over 4% from the forecast period 2022-2028.
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)
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KKT Chillers established it's new center in China, in order to meet the growing demand of chillers in the Asia-Pacific region
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Laird Technologies upgraded its Tunnel Series TEA. Tunnel Series TEA offers a prolonged line of cooling capacities up to 100 watts
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Glen Dimplex offers passive cooling solution in stand-alone and integrated models for medical equipment such as MRI, linear accelerators and CT. The company is present across China, Ireland, Germany and the US
By Type
• Liquid-based Cooling
o Liquid-Liquid Configuration
o Liquid-Air Heat Transfer Configuration
o Compressor-Based Recirculating Configuration
• Air-based Cooling
o Direct-To-Air Configuration
o 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
o Magnetic Resonance Imaging Systems
o Computed Tomography Scanners
o Positron Emission Tomography Scanners
• Medical Lasers
• Linear Accelerators
By End-User
• Original Equipment Manufacturers
• Hospital, Laboratories and Outpatient Clinics
• Independent Diagnostics
Treatment Centers and Laboratories
• Analytical
Laboratory Equipment
By Region
• North America
• Europe
• Asia Pacific
Latin America
• Middle East
Africa
FutureWise Key Takeaways
• 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
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
• We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
• The customization Mobility Care offered are free of charge with purchase of any license of the report
• You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

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
    • 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 2022-2028 (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 2022-2028 (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 2022-2028 (USD Million)
    •   1. Packaged Systems
        2. Modular Systems
        3. Split Systems
  • 10.   Medical Equipment Cooling Market, By Application Historical Analysis and Forecast 2022-2028 (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
        2. Medical Lasers
        3. Linear Accelerators
  • 11.   Medical Equipment Cooling Market, By End-User Historical Analysis and Forecast 2022-2028 (USD Million)
    •   1. Original Equipment Manufacturers
        2. Hospital, Laboratories and Outpatient Clinics
        3. Independent Diagnostics
      Treatment Centers and Laboratories
        4. Analytical
      Laboratory Equipment
  • 12.   North America Medical Equipment Cooling Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2016-2020
           2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2022-2028
  • 13.   Latin America Medical Equipment Cooling Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2016-2020
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2022-2028
  • 14.   Europe Medical Equipment Cooling Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2016-2020
         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 2022-2028
  • 15.   Asia Pacific Medical Equipment Cooling Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2016-2020
         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 2022-2028
  • 16.   Middle East and Africa Market Analysis 2016-2020 and Forecast 2022-2028 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2016-2020
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2022-2028
  • 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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