Medical Cooling Systems Market By Product [Equipment (Standard, Customize), Accessories], Type (Air Cooled), Model (Split, Modular System), Compressor (Scroll, Screw), Application (MRI, CT, PET, Laser), End User (OEM, Hospital)- Global Forecast To 2024
Medical Cooling Systems Market by Product [Equipment (Standard, Customize), Accessories], Type (Air Cooled), Model (Split, Modular System), Compressor (Scroll, Screw), Application (MRI, CT, PET, Laser), End User (OEM, Hospital)- Global Forecast to 2024
Global medical cooling systems market is expected to reach $2,799.0 million by 2024, at a CAGR of 7.5% in the forecast period from 2018 to 2024.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities in the market dynamics segment. The growth of this market is mainly driven by reliable patient care and economic benefits offered by medical chillers, technological advancements in medical chillers, government initiatives to boost the number of hospitals, and increasing elderly population coupled with growing prevalence of chronic diseases. However, high cost of medical imaging systems hinders the growth of this market.
The report further provides an extensive outlook on various end users served by the medical cooling systems. These industries include Original Equipment Manufacturers (OEMs), hospitals and clinics, and diagnostic imaging centers. Apart from the end users, the report provides insights on adoption of medical cooling systems in various application segments of the market.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. The geographic analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, and government & private investments. The report identifies North America being the largest market followed by Europe, Asia Pacific, and Rest of World. The geographical analysis section also comments on the key market players shaping the growth of the industry in the respective countries.
The key players in the global medical cooling systems market are Lytron Inc. (U.S.), Filtrine Manufacturing Company (U.S.), Carrier Corporation (U.S.), Ecochillers Inc. (U.S.), Parker Hannifin Corporation (U.S.), Legacy Chiller Systems, Inc. (U.S.), Motivair Corporation (U.S.), Cold Shot Chillers (U.S.), American Chiller Service, Inc. (U.S.), General Air Products, Inc. (U.S.), Drake Refrigeration, Inc. (U.S.), KKT chillers, Inc. (U.S.), Glen Dimplex Group (Ireland), Johnson Thermal Systems Inc.(U.S.), and Whaley Products, Inc. (U.S.), among others.
Key questions answered in the report:
OEMs are driving the adoption of medical cooling systems
How does the penetration of medical cooling systems differ among various end users?
Which are the major OEM customers of medical cooling system vendors?
Air-cooled Chillers is the fastest growing product segment of the medical cooling systems market
What factors are propelling the growth of air-cooled chillers market?
What factors contribute to the declining demand for water-cooled chillers?
Imaging Applications is the largest application segment of the medical cooling systems market
What factors are responsible for the largest adoption of medical cooling systems in imaging application segment?
Which region contributed largest share in adopting medical cooling systems for imaging applications?
The North American region has the largest adoption of cooling systems compared to other regions
Which product segments of the North American medical cooling systems market are expected to offer lucrative growth in the forecast period and why?
What are the major drivers, restraints, opportunities, challenges, and trends in the North American medical cooling systems market?
What are the geographic trends and high growth regions/countries?
Scope of the Report:
Market, by Product
Medical Cooling Equipment
Standard Cooling Equipment
Customized Cooling Equipment
Medical Cooling System Accessories
Market, by Type
Water Cooled Chillers
Air Cooled Chillers
Market, by Model
Market, by Compressor Type
Market, by Application
Cold Storage and Testing
Market, by End User
Original Equipment Manufacturers (OEMs)
Hospitals and Clinics Diagnostic
Diagnostic Imaging Centers
Market, by Geography
Rest of Europe (RoE)
Rest of APAC (RoAPAC)
Rest of World
Middle East & Africa
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