LATEST News Technology Top Trending

Medical Equipment Cooling Market Trends and Forecast to 2024- Industry Analysis by Regions, Growth, Size Type and Applications

Medical Equipment Cooling Market
Medical Equipment Cooling Market

ReportsnReports.com added New Report “Medical Equipment Cooling Market 2019: Global Industry Analysis, Market Growth and Opportunity Assessment, Segmentation and Regional Overview | Outlook to 2024” to its Database.

#Download PDF Sample Brochure of report Global Medical Equipment Cooling Market 2019 across with 136 Pages and in-depth TOC Analysis @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=2017956

Key Players: Glen Dimplex Group (Ireland), Legacy Chiller Systems Inc. (US), and Filtrine Manufacturing Company, Inc. (US), Laird Technologies, Inc. (US), Cold Shot Chillers (US), KKT Chillers (Germany), General Air Products, Inc. (US), Drake Refrigeration, Inc. (US), Lytron, Inc. (US), Motivair Corporation (US), American Chillers (US), Parker Hannifin Corp (US), Whaley Products Inc. (US), Johnson Thermal Systems (US), and Haskris (US), among others.

“The medical equipment cooling market is projected to grow at a CAGR of 3.8% during the forecast period.”

The global medical equipment cooling market is projected to reach USD 233 million by 2024 from USD 193 million in 2019, at a CAGR of 3.8%. Growth in this market is largely driven by factors such as the economic benefits offered by cooling systems, technological advancements in diagnostic imaging modalities, growing geriatric population, and rising incidence of cancer. However, the risk of corrosion in cooling systems is a major factor that is expected to challenge the growth of this market during the forecast period.

“Europe accounted for the second-largest share of the global market in 2018.”

Based on region, the medical equipment cooling market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World. Europe accounted for the second-largest share of the global medical equipment cooling market in 2018. The increasing incidence of cancer, growing geriatric population, the growing healthcare expenditure, the need for early diagnosis, and the increased adoption of advanced systems are the major factors propelling the demand for medical equipment cooling in Europe.

Analysis of Medical Equipment Cooling Market by Type (Liquid & Air-based Cooling), Compressor (Scroll, Screw, Centrifugal, Reciprocating), Configuration (Packaged, Modular, Split), Application (MRI, CT, PET, LINAC, Medical Lasers), End User (OEMS, Hospitals & Labs, Diagnostic Treatment Centers & Laboratories) – Global Forecast to 2024.

“The air-based cooling segment is to witness higher growth in the medical equipment cooling market during the forecast period.”

Based on type, the medical equipment cooling market is segmented into liquid-based cooling, (liquid-liquid configuration, liquid-air heat transfer configuration, and compressor-based recirculating configuration) and air-based cooling (direct-air configuration and air-to-air configuration). The air-based cooling segment of the medical equipment cooling market is expected to grow at a higher CAGR during the forecast period. The high growth of this segment can be attributed to it slower cost and the risk of failure associated with air-based cooling.

“The OEMs segment accounted for the largest share of the medical equipment cooling market in 2018.”

Based on end user, the medical equipment cooling market is segmented into original equipment manufacturers (OEMs); hospitals, laboratories, and outpatient clinics; independent diagnostic & treatment centers and laboratories, and other end users. The OEMs segment accounted for the largest share of the global medical equipment cooling market in 2018. The large share of this segment can be attributed to the increasing usage and demand of devices such as diagnostic imaging systems, lasers, and LINAC to meet the increasing prevalence of chronic diseases. Furthermore, the availability of custom cooling solutions by manufacturers to suit the specific requirement of medical equipment manufacturers is adding significant growth opportunities to this end-user segment.

Place a Direct Purchase Order on this Latest Research Report @  https://www.reportsnreports.com/purchase.aspx?name=2017956

Breakdown of supply-side primary interviews:

  • By Company Type: Tier 1- 25%, Tier 2 -30%, and Tier 3- 45%
  • By Designation: C-level- 26%, Director-level – 30%, and Others- 44%
  • By Region: North America – 34%, Europe-26%, APAC – 23%, and the RoW-17%

Research Coverage

This report studies the medical equipment cooling market based on type, compressor, configuration, application, end user, and region. The report also studies factors such as drivers, restraints, and challenges that affect market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to individual growth trends and forecasts the revenue of the market segments with respect to four main regions and the respective countries in these regions.

Key Benefits of Buying the Report

This report focuses on various levels of analysis—industry trends, market shares of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the medical equipment cooling market, and high-growth regions along with their drivers, restraints, challenges, and opportunities. This report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.

Enquire here and get customization & check discount for report @ https://www.reportsnreports.com/contacts/discount.aspx?name=2017956

In the end, the Global Medical Equipment Cooling Market report’s conclusion part notes the estimation of the industry veterans.

Connect Us for more information at sales@reportsnreports.com or Call Us + 1 888 391 5441.

About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.

/* ]]> */