Medical Cooling Systems Market (2018-2024)

In healthcare industry, medical imaging systems are frequently used for diagnosis of diseases. These systems generate lot of heat during the procedures. The medical cooling systems help to reduce the heat produced by the equipment and thereby maintain the equipment in good working condition and achieve the healthcare organization’s objective of quality patient care. Medical cooling systems market consists of equipment and accessories, wherein, equipment dominated the market owing to high demand from medical imaging system manufacturers and higher revenue volume compared to accessories.

Water-cooled medical cooling systems have been used since long. This is due to their advantages such as low compressor cost, greater life span, low noise, suitability for facilities with small space and restricted air flow, and absence of toxic refrigerants. However, the trend is rapidly shifting towards adoption of air-cooled medical cooling systems. Their growing efficiency and mounting shortage of water across the globe are two of the major driving factors for the shift in the trend.

Though, packaged systems is the dominating segment of the medical cooling systems, the modular systems are expected to grow at fastest rate due to growing demand attributed to compact size and multiple modes of operations within a single unit. Further, the technological advancement in modular systems have led to enhanced flexibility and multi-functional configurations as well as energy efficiency & cost saving compared to other systems.

Scroll compressors due to their advantages such as higher efficiency in terms of heat rejection capacity and less vibrations & noise compared to other types, commanded the largest share. Moreover, the medical cooling systems comprising oil-free scroll compressors are likely to witness high demand from the medical industry.

Based on application, the market is segmented into imaging applications, cold storage and testing, dehumidification, and laser application. The imaging application segment including MRI, CT, Linear Accelerator, PET, and others represented more than 50% demand in 2017 and will continue to have the greatest impact on gains through 2024.

OEMs are the major end users owing to the fact that the medical cooling systems are largely required by them for manufacturing of diagnostic imaging systems. In addition to this, the ample availability of imaging equipment specific cooling systems from various manufacturers and relatively high purchasing power of OEMs will further boost the demand for medical cooling equipment. OEMs such as General Electric (U.S.), Siemens (Germany), and Philips (the Netherlands) are some of the major customers of medical cooling system vendors.