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Medical Equipment Cooling Market - By Product, By Compressor, By Configuration, By Application, By End Use - Global Forecast, 2026 - 2035
Report ID: GMI3679
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Published Date: January 2026
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Report Format: PDF
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Authors: Mariam Faizullabhoy , Gauri Wani
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Base Year: 2025
Companies covered: 19
Tables & Figures: 240
Countries covered: 18
Pages: 150
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Medical Equipment Cooling Market
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Medical Equipment Cooling Market Size
The global medical equipment cooling market was estimated at USD 474.1 million in 2025. The market is expected to grow from USD 490.2 million in 2026 to USD 710.8 million in 2035, at a CAGR of 4.2% during the forecast period, according to the latest report published by Global Market Insights Inc. The medical equipment cooling market is driven by numerous factors such as the increasing prevalence of chronic diseases, rising adoption of minimally invasive surgical techniques, technological advancements in diagnostic imaging modalities, and growing demand for temperature control, among other factors.
The critical role of thermal management systems in ensuring the reliability, longevity, and optimal performance of sophisticated medical equipment across healthcare facilities worldwide is expected to propel the industry demand. Daikin Industries, Glen Dimplex Group, Copeland, Ingersoll Rand, Atlas Copco, and Lytron Chillers are among the leading players operating in the market. These players mainly focus on product innovation and installations, geographic expansion, use of novel materials, adoption of the latest technologies in devices, and collaboration with local or regional healthcare providers, among others.
The market has increased from USD 433.4 million in 2022 and reached USD 459.4 million in 2024, with the historic growth rate of 3%. One of the key factors supporting the market growth is the increasing prevalence of chronic diseases. The world's chronic disease population is growing at a notable rate, impacting healthcare delivery and contributing to the demand for diagnostic and therapeutic equipment.
For instance, according to the World Health Organization, chronic diseases, including cardiovascular conditions, cancer, diabetes, and respiratory illnesses, account for 74% of all deaths globally, with the number of affected individuals projected to increase by 57% between 2020 and 2030. Thus, with such changes in the epidemiology of chronic diseases, there will be a greater demand for diagnostic imaging services, continuous patient monitoring systems, and advanced laboratory testing facilities, which require reliable cooling systems, thereby fueling the market growth.
Additionally, an increase in the number of older people living in developed countries has resulted in greater use of diagnostic imaging services. For example, the International Atomic Energy Agency reports that the number of CT scans performed globally increased from approximately 360 million in 2020 to over 490 million in 2024, while MRI procedures grew from 150 million to 205 million during the same period.
All imaging technologies require substantial amounts of cooling infrastructure for operation, with an average of 30-50 kW of cooling necessary for each high-field-strength MRI unit. In addition, the incidence rates of various cancers are also related to the demand for radiation therapy equipment, positron emission tomography-computed tomography scanners, and pathology lab equipment and, therefore contribute to the continued and increasing requirement for medical equipment cooling solutions by oncology centers all over the world.
Further, the shift toward more precise clinical treatment approaches i.e., precision medicine is driving demand for ultracold temperature storage systems, temperature- and coolant-controlled centrifuges, and thermally protected clinical analysis instruments. The growing adoption of biobanks, which store biological samples for research and clinical applications, requires strictly controlled storage environments typically −80°C for long-term specimen preservation and +4°C for samples in active use. Moreover, adherence to Good Manufacturing Practice (GMP) and Good Laboratory Practice (GLP) standards is expected to fuel demand for advanced cooling systems equipped with redundancy, continuous monitoring, and robust documentation capabilities to ensure regulatory compliance.
Medical equipment cooling refers to the systems and technologies used to remove excess heat from medical devices so they can operate safely, accurately, and reliably. Modern medical machines like MRI scanners, CT scanners, surgical lasers, blood analyzers, and lab instruments generate significant heat during operation. Cooling ensures these devices don’t overheat, malfunction, or compromise patient safety.
Around 8.5%
Medical Equipment Cooling Market Trends
The medical equipment cooling industry is experiencing transformative trends that are reshaping product development, market competition, and customer expectations. Emphasis on energy efficiency and environmental sustainability, expanding applications of cooling systems in novel medical technologies, and growing investment in advanced medical imaging and diagnostic equipment are among the key trends expected to fuel the industry growth over the projected timeline.
Medical Equipment Cooling Market Analysis
In 2022, the market was valued at USD 433.4 million and grew to USD 445.9 million in 2023, reaching USD 459.4 million by 2024. Growing emphasis on energy efficiency and environmental sustainability is a key factor contributing to industry growth.
Based on product, the global medical equipment cooling market is segmented into liquid-based cooling and air-based cooling. The liquid-based cooling segment accounted for a majority share of 54.9% in 2025. New product launches focused on niche and valued cooling solutions is anticipated to fuel the segmental growth. The segment is expected to reach USD 394.8 million by 2035, growing at a CAGR of 4.3% during the forecast period.
Based on compressor, the global medical equipment cooling market is segmented into reciprocating compressors, scroll compressors, screw compressors, and centrifugal compressors. The scroll compressors segment accounted for a leading share and was valued at USD 155.2 million in 2025.
Based on configuration, the global medical equipment cooling market is segmented into packaged systems, modular systems, and split systems. The packaged systems segment accounted for a majority share of 50.8% in 2025.
Based on application, the global medical equipment cooling market is segmented into medical devices, cold storage and testing, dehumidification, and analytical & laboratory equipment. The medical devices segment accounted for a leading share and was valued at USD 165.3 million in 2025.
Based on end use, the medical equipment cooling market is segmented into original equipment manufacturers (OEMs), hospitals, diagnostic laboratories, and other end users. The original equipment manufacturers segment accounted for the leading market share of 48.8% in 2025.
North America Medical Equipment Cooling Market
North America market accounted for majority share of 34.4% in 2025 in the global medical equipment cooling industry and is anticipated to show notable growth over the forecast period.
Europe Medical Equipment Cooling Market
Europe accounted for a significant share of the global market and was valued at USD 136.2 million in 2025.
Asia Pacific Medical Equipment Cooling Market
The Asia Pacific market accounted for a substantial share of the market and was valued at USD 115.1 million in 2025.
Latin America Medical Equipment Cooling Market
The Latin American market is anticipated to exhibit remarkable growth during the analysis period.
Middle East and Africa Medical Equipment Cooling Market
The Middle East and Africa market is expected to experience substantial growth over the analysis timeframe.
Medical Equipment Cooling Market Share
Currently, the top 4 manufacturers account for approximately 28% of the global medical equipment cooling industry share in 2025. Most other manufacturers include small- to mid-sized global and regional manufacturers, specialized manufacturers of cooling equipment, and HVAC contractors serving customers in healthcare. The medical equipment cooling market tends to have moderate concentration due to lower barriers to entry for standard applications, better opportunities for product differentiation among manufacturers, and significant loyalty for regional service companies and existing relationships with customers.
Daikin has developed strategic alliances with major manufacturers of medical equipment. These alliances range from partnerships with major manufacturers of integrated HVAC solutions and other equipment providers to contractual agreements for factory-installed or bundled integrated cooling solutions that are supplied with the medical imaging products. All of these partnerships are intended to ease the complexity of purchasing the medical imaging product and ensure that its thermal management performance is optimized through the use of Daikin's products. The company's development plan for the next few years is based on phasing out existing refrigerants and developing products using or implementing R-32, R-454B, or CO2 refrigerants on a global basis.
Copeland manufactures condensing units designed for use in medical applications featuring low sound, corrosion-resistant design, and remote monitoring capabilities that help allow predictive maintenance programs to operate correctly. Various other participants within the market have a strong local and regional market presence. For instance, American Chillers competes in North America by providing customizable chiller systems designed specifically based on application engineering, along with fast delivery, and targeting replacement and retrofit business. Similarly, Glen Dimplex Group supplies cooling equipment through its Dantherm Division to Europe’s healthcare sector, based on the provision of energy efficient solutions as well as a complete customer service network.
Further, the competitive environment within the market emphasizes a scenario where product reliability and uptime performance are maintained as critical success factors. Energy efficiency has quickly become an important method for differentiating between competitors in this marketplace. Premium efficient equipment generally commands 25-40% higher acquisition costs compared with baseline efficient equipment. However, the energy cost savings associated with a premium-efficient piece of equipment justify the increased initial acquisition cost, especially in the case of large institutional applications.
Medical Equipment Cooling Market Companies
A few of the prominent players operating in the global medical equipment cooling industry include:
Ingersoll Rand expands industrial portfolio through strategic acquisitions, focusing on energy-efficient air treatment and compressor ecosystems while strengthening presence in high-growth sustainable end markets.
Boyd Chillers (Lytron Chillers) provides high-performance liquid-cooling systems with customization, engineering support, and lifecycle services to meet demanding thermal-management needs across critical applications.
Atlas Copco advances leadership in compressed-air and gas solutions by emphasizing innovation, energy efficiency, niche expansion, and global presence, supported by strong service growth and targeted acquisitions.
Medical Equipment Cooling Industry News
The global medical equipment cooling market research report includes an in-depth coverage of the industry with estimates and forecasts in terms of revenue in (USD Million) from 2022 - 2035 for the following segments:
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Market, By Product
Market, By Compressor
Market, By Configuration
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: