About Medical Cooling Systems
The medical cooling systems mainly serve the purpose of reducing the heat load produced by different medical equipment like the imaging systems, medical lasers, and others. These systems enrich the life cycle of the equipment by the means of reducing their heat load. Furthermore, these devices are nowadays also being used by various hospitals, diagnostic centers, and clinics. The key benefit of these devices mainly includes the reduction of the device surface temperature for the patient contacting surfaces, much faster thermal cycling, and also an increased life span of the medical equipment. In addition, to all these the medical cooling systems is also important equipment for many clinical applications. Thereby, ensuring that the temperature-sensitive medical devices are appropriately safeguarded which is highly necessary so as to maintain the patient’s safety, avoid economic losses, and support regulatory compliance.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Cooling Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
United Technologies Corporation (United States), Lytron Inc. (United States), Parker Hannifin (United States), Glen Dimplex Group (Ireland), Cold Shot Chillers (United States), Laird Technologies, Inc. (United States), General Air Products (United States), American Chiller (United States), Drake Refrigeration (United States), Haskris (United States) and Johnson Thermal Systems Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Whaley Products, Inc. (United States), Legacy Chiller Systems, Inc. (United States), KKT chillers, Inc. (United States), Filtrine Manufacturing (United States), Motivair Corporation (United States) and Ecochillers Chillers (United States).
Segmentation Overview
AMA Research has segmented the market of Global Medical Cooling Systems market by Type (Water Cooled Chillers, Air Cooled Chillers and Others), Application (Medical Imaging, Medical Lasers, Medical Cold Storage and Testing, Healthcare Dehumidification and Other) and Region.
On the basis of geography, the market of Medical Cooling Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Original Equipment Manufacturers (OEMs) will boost the Medical Cooling Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Increased Accuracy will boost the Medical Cooling Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rising Advantages Of Water-Cooled Medical Cooling Systems Like Low Compressor Costs, Greater Life Span, Less Noise, Suitability For Facilities With Small Space And Restricted Air Flow, And Absence Of Toxic Refrigerants
Market Growth Drivers:
Growth in the Reliable Patient Care and Economic Benefits Offered By Medical Cooling Systems and Increasing Elderly Population Coupled With Growing Prevalence of Chronic Diseases
Challenges:
Unawareness About the Medical Cooling Systems in the Under Developed Regions
Restraints:
The Risk of Corrosion in Cooling Systems Is Expected to Challenge the Market’s Growth
Opportunities:
Technological Advancements in Medical Cooling Systems and Increasing Government Initiatives So As To Boost the Number of Hospitals
Market Leaders and their expansionary development strategies
In November 2023, Metso launched the upgraded Evaporative Cooling Tower, an efficient dry gas cleaning solution designed to cool down hot furnace off-gases by means of evaporation. The Evaporative Cooling Tower, which is normally followed by a hot electrostatic precipitator or a bag filter, cools the gas from about 600-700 °C to about 200-350 °C. The tower operates dry, meaning that all water added is evaporated.
Key Target Audience
Manufacturers of Medical Cooling Systems, Suppliers and Distributors of Medical Cooling Systems, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.