Medical Equipment Cooling Market size is anticipated to gain massive growth between 2023 to 2032 due to the increasing requirement for chillers for cooling down medical components, such as MRI machines and CT scanners. These cooling machines are designed to reduce the thermal stress of highly sensitive medical equipment. They require customized equipment with precise temperature, pressure, and flow control of cooling fluids.
Increasing chronic illness cases, such as cancer, are expected to drive medical equipment cooling industry trends by 2032. Based on data from the WHO, breast cancer accounted for 2.26 million new cancer cases in 2020, which might promote the use of medical cooling machines for equipment used in medical imaging and other cancer detection processes. Additionally, the use of novel technologies such as AI in diagnostic imaging to capture better scans would increase demand for medical cooling systems to minimize heat created by equipment during diagnostic processes.
From a regional standpoint, the Asia Pacific medical equipment cooling market is set to record extensive gains by 2032 owing to the increasing prevalence of chronic illnesses among the aging population. According to estimates, over 75% of elderly persons in India have chronic conditions. This factor along with strong government emphasis on increasing public health spending will promote the implementation of medical cooling equipment throughout healthcare settings in the country over the coming years.
Medical equipment cooling industry in the medical devices application segment is poised to observe profitable progress by 2032. This rise will be credited to the elevated risks among people suffering from cardiovascular illnesses and neurological problems across the world. With the widespread use of positron emission tomography (PET) scanners and other imaging devices to assist discover cardiac illnesses as well as a range of other health concerns such as brain disorders, the demand for medical equipment cooling systems would elevate in the medical devices segment.
Whaley Products, Inc., Lytron (Aavid Thermalloy, LLC), Legacy Chiller Systems, Parker-Hannifin Corp., Motivair, Laird Thermal Systems, KKT Chillers, General Air Products, Johnson Thermal Systems, Haskris, Dimplex Thermal Solutions, Filtrine Manufacturing Company, Drake Refrigeration, American Chiller Service, and Cold Shot Chillers are some of the prominent players in the medical equipment cooling market.
The Russia-Ukraine war is expected to have a negative impact on the medical devices sector in Russia hampering the medical equipment cooling market growth. Worsening financial sanctions has influenced the import of most medical devices from the US and Europe. However, the impact of this crisis on the market would is likely to be more politically driven rather than financially driven.