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Medical Equipment Cooling Market Trends

Report ID: GMI3679
Published Date: Nov 2024
Report Format: PDF

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Medical Equipment Cooling Market Trends

The medical equipment cooling industry is propelled by rapid technological advancements. Innovations such as miniature cooling systems, thermoelectric cooling, and advanced heat exchangers are revolutionizing the industry. For instance, the adoption of thermoelectric coolers in MRI systems ensures precise temperature control, enhancing diagnostic accuracy while minimizing energy consumption.
Further, energy-efficient and sustainable cooling solutions are gaining momentum in the medical equipment sector, aligning with global efforts to reduce carbon footprint. Manufacturers are investing in R&D to develop systems that minimize energy consumption while maximizing performance. For instance, advancements in liquid cooling technologies are particularly noteworthy, not only enhancing equipment efficiency but also aiding environmental conservation by lowering greenhouse gas emissions.
The integration of smart cooling technologies is poised to transform the medical equipment cooling landscape. IoT-enabled cooling systems equipped with sensors and data analytics capabilities offer real-time monitoring and predictive maintenance, ensuring uninterrupted equipment operation. By leveraging data insights, healthcare facilities can optimize cooling processes, extend equipment lifespan, and reduce operational costs.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of medical equipment cooling reached USD 445.9 million in 2023 and is set to grow at a 3.8% CAGR from 2024 to 2032, driven by the increasing prevalence of chronic diseases.

The scroll compressors segment held a 32.8% revenue share in 2023 due to their design, which minimizes energy loss and enhances performance, crucial for precise temperature control in medical devices.

The North America market was valued at USD 154.4 million in 2023 and is expected to expand at a 3.5% CAGR over the forecast period, led by the rising demand for diagnostic imaging services due to the prevalence of chronic diseases.

Key players in the market include American Chillers, Atlas Copco, Copeland, Daikin Industries, Drake Refrigeration, Ecochillers, ELGi Equipments Limited, Filtrine, General Air Products, Glen Dimplex Group, Haskris, Ingersoll Rand, Johnson Thermal Systems, KKT chillers, Laird Thermal Systems, and Legacy Chillers.