Diagnostic imaging procedures are widely used to decide the journey of patient towards therapeutics or surgery. These procedures use various medical equipment such as MRI, CT, linear accelerator, PET, and others. With high demand and technological advancements in imaging technologies, adoption of medical imaging equipment is rising. This, in turn, is generating the demand for medical cooling systems which are used with imaging equipment for reducing the heat load.

The prevalence of cancer, neurological, autoimmune, cardiovascular, and infectious diseases is growing across the globe. For instance, according to the American Heart Association, the number of deaths associated with cardiovascular diseases was 17.3 million in 2013 and is expected to rise to 23.6 million by 2030, globally. These statistics indicates that there is a greater need of the effective diagnosis of such diseases at the right time, which will increase the demand for diagnostic systems. Moreover, technological advancements in imaging equipment will further increase their adoption among end users. For instance, in February 2018, Siemens Healthineers (Germany) received FDA approval for its GOKnee3D, a Magnetic Resonance Imaging (MRI) application that enables a push-button diagnostic 3D knee exam in just 10 minutes. Further, in November 2018, Hitachi Healthcare (Japan), presented Scenaria View premium performance 64/128-slice computed tomography (CT) scanner at Radiological Society of North America (RSNA), that has dose reduction feature and accommodates largest of patients.

Emerging countries such as China, India, Brazil and South Korea are cited as new revenue pockets for medical cooling systems market. Government from these countries are taking initiatives to reduce the cost of expensive imaging techniques and make them more accessible and affordable. For instance, the Indian Government has recently decided to make indigenous MRI machine so as to reduce MRI cost. Affordable medical procedures will drive the volume growth and increase the adoption of associated medical imaging systems.

Thus, growing prevalence of diseases, technological advancements, and government initiatives will help to increase the penetration ofimaging equipment which is expected to propel the medical cooling systems market growth with a lucrative CAGR of 7.5% to reach $2,799.0 million by 2024, according to the Meticulous Research®.

Browse in depth Report: https://www.meticulousresearch.com/product/medical-cooling-systems-market/

Tags: Medical Technologies Healthcare


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