Medical equipment requires internal cooling to ensure their
smooth and efficient functioning. Proper cooling of equipments is required to
ensure precise readings and results. Various equipments including X-Rays, MRI’s
require combination of cooling, refrigeration and humidification to ensure its
accurate and reliable readings with liquid-based or air-based methods. 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. Key players
profiled in this report 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, inc., Peter Huber Kältemaschinenbau AG, TITAN Technology
Limited, METRUM CRYOFLEX Sp. z o.o., Sp. k., Lytron, Motivair Corporation
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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
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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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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