Medical Equipment Cooling Market - By Product Type (Liquid & Air-Based), Compressor (Scroll, Screw, Centrifugal) Configuration (Packaged, Modular, Split), Application (Medical Device, Dehumidification, Cold Storage), End-use - Global Forecast, 2024 - 2032

Medical Equipment Cooling Market - By Product Type (Liquid & Air-Based), Compressor (Scroll, Screw, Centrifugal) Configuration (Packaged, Modular, Split), Application (Medical Device, Dehumidification, Cold Storage), End-use - Global Forecast, 2024 - 2032

Medical Equipment Cooling Market size is anticipated to register more than 4.5% CAGR between 2024 and 2032, owing to rising medical technological advancements. The increasing complexity of medical equipment leading to higher heat generation is necessitating efficient cooling solutions to maintain optimal performance and reliability. Additionally, the rising prevalence of chronic diseases and the growing demand for diagnostic and therapeutic procedures have made way for the expansion of the healthcare sector, thereby augmenting the industry growth. As per WHO, non-communicable diseases (NCDs) claim the lives of 41 million individuals annually, accounting for 74% of total global deaths.

Moreover, with patients becoming more discerning about their healthcare experiences, there is a growing demand for medical devices that offer quiet and efficient cooling while minimizing discomfort during diagnostic procedures and treatment. The strong need to reduce energy consumption and operational costs in healthcare facilities has further led to the growing emphasis on energy-efficient cooling solutions for medical equipment.

The medical equipment cooling industry is classified on the basis of product type, compressor, configuration, application, end-use and region.

Based on compressor, the market value from the centrifugal compressor segment is slated to witness 3.9% growth rate during 2024-2032, driven by the ability to offer efficient and reliable compression solutions across various industries. Centrifugal compressors are preferred for their high capacity, minimal maintenance requirements, and ability to handle large volumes of gas or air with relatively low power consumption. Additionally, these compressors are known for their versatility, making them suitable for a wide range of applications, including power generation, oil & gas processing, chemical manufacturing, and refrigeration.

In terms of end-use, the medical equipment cooling market from the diagnostic laboratories segment is poised to record 4.6% CAGR over the forecast period, due to their increasing reliance on sophisticated diagnostic imaging equipment like MRI machines, CT scanners, and ultrasound systems. These devices generate substantial heat during operations, necessitating efficient cooling solutions to maintain optimal performance and ensure accurate diagnostic results.

Europe medical equipment cooling market size is projected to witness 3.8% CAGR during 2024-2032. With healthcare facilities upgrading their medical equipment to meet growing patient demands and technological advancements across the region, there is a corresponding need for innovative cooling solutions tailored to the requirements of these sophisticated devices. Growing stringent regulations and standards governing medical device safety and performance are also underscoring the importance of reliable cooling systems to prevent overheating and ensure patient safety. The strong emphasis on energy efficiency and sustainability in healthcare facilities will drive the demand for eco-friendly cooling solutions, stimulating the regional industry growth.