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Medical Cooling System Market Along With Covid-19 Impact Analysis and Business Opportunities

07-31-2020 04:50 PM CET | Health & Medicine

Press release from: Allied Market Research

Medical Cooling System Market

Medical Cooling System Market

According to a new report titled "Market for Medical Cooling Systems by Type, Application and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026" published by Allied Market Research, it is expected to reach the worldwide medical cooling system market size . Value of $880 million by 2026, an annual increase of 3.9% from 2019 to 2026.

Medical cooling systems are used to condense heat loads generated by other medical equipment such as medical lasers, imaging systems, etc. This system improves the life cycle of equipment by reducing heat load. In addition, these devices are used in various hospitals, clinics and diagnostic centers. The main benefits of this device include reduced device surface temperature on the patient contact surface, extended lifespan of medical equipment, and rapid thermal cycling. In addition, medical cooling systems are important equipment for clinical applications. In order to maintain patient safety, support regulatory compliance, and avoid economic losses, temperature-sensitive medical devices must be adequately protected.

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The main drivers driving the growth of the medical cooling system market are the rapid increase in the number of hospitals and diagnostic centers in developing countries and the increasing use of these devices in the medical field to cool sensitive devices such as MRIs and lasers. However, the risk of corrosion in medical cooling systems increases and the high cost of these devices is expected to hinder market growth. In addition, the attention of developing countries' governments towards improving healthcare infrastructure is expected to create profitable opportunities in the near future. The use of medical equipment has also increased significantly as medical tourism in developing countries has increased. In addition, as the economic efficiency of developing countries improves, preference for a better quality of life is increasing. This increases the penetration rate of medical cooling systems in developing countries such as India and China.

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North America occupied most of the global medical cooling system market share in 2018 and is expected to still dominate during the forecast period. This is because the use of these systems in the region is soaring and highly available. However, the Asia Pacific region is expected to grow at the fastest pace during the forecast period, as disposable income in developing countries such as India and China increases and awareness of medical laser technology increases.

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Key discoveries in the medical cooling system market:
• By type, the liquid-based technology segment had the highest market share in 2018 at 77% and is expected to grow at the fastest rate during the forecast period.
• By region, North America was a major shareholder and had the largest share of 38% in 2018.
• Depending on the application, the medical imaging system sector is expected to grow at an average annual rate of 4.5% over the forecast period.

This report provides extensive competitive analysis and profiles of key market players such as American Chillers, Cold Shot Chillers, Drake Refrigeration, Inc., Filtrine Manufacturing Company, General Air Types, Inc., Parker Hannifin Corp, Johnson Thermal Systems, and KKT Chillers. To do. , Glen Dimplex Group and Lytron Inc.

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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