Global Medical Equipment Cooling Market is Expected to Grow at $249.02 million by 2026, Report By GLEN DIMPLEX GROUP, Legacy Chiller Systems, American Chillers, General Air Products, Advanced Cooling Technologies, Aspen Systems and others

Medical equipment requires internal cooling to ensure their smooth and efficient functioning. Proper cooling of equipment’s is required to ensure precise readings and results. Various equipment’s 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. In order to ensure high quality equipment’s and their longevity, a high quality cooling and fan technology is required.

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Market Analysis: Global Medical Equipment Cooling Market
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.

Key Market Competitors: Global Medical Equipment Cooling Market
Few of the major market competitors currently working in the global medical equipment cooling market 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
• Whaley Products, Inc.
• Johnson Thermal Systems
• Haskris
• IDEX and Kkt Chillers amongst others.

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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Segmentation: Global Medical Equipment Cooling Market
By Type
• Liquid-Based Cooling
• Air-Based Cooling

By Compressor
• Scroll
• Screw
• Centrifugal
• Reciprocating

By Configuration
• Packaged
• Modular
• Split

By Application
• Medical Devices
• Medical Imaging Systems
• Magnetic Resonance Imaging (MRI) Systems
• Computed Tomography (CT) Scanners
• Positron Emission Tomography (PET) Scanners
• Medical Lasers
• Linear Accelerators (LINAC)
• Analytical & Laboratory Equipment

By End User
• Original Equipment Manufacturers (OEMs)
• Hospitals, Laboratories, & Outpatient Clinics
• Independent Diagnostic & Laboratories
• Treatment Centers
• Others

Market Segment by Regions, regional analysis covers:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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.

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