Medical Equipment Cooling Market Analysis

Product Type (Liquid-based Cooling, Air-based Cooling)

Based on product type, the liquid-based cooling segment in medical equipment cooling market is expected to account for a significant revenue share during the forecast period owing to increasing demand for thermal management systems and solutions and high preference for liquid-based cooling systems for better performance and reliability. One of the recent developments is the launch of the SPC Series Liquid to Liquid Cooling Heat Exchanger by Diversified Heat Transfer (DHT) in December 2024. This product is designed to meet the demanding cooling needs for medical equipment such as MRI machines, CT scanners, electron microscopes, and PET scanners. In addition, rapid advancements in materials and cooling technologies have resulted in the rising development of efficient thermal management solutions. This is expected to boost segment growth during the forecast period.

End use (Original Equipment Manufacturers (OEMs), Hospitals, Diagnostic Laboratories, Others)

The hospital segment is likely to hold medical equipment cooling market share of over 43.8% by the end of 2037 owing to rising healthcare facility upgrades, large patient base and hospital utilization, and increasing adoption of advanced cooling technologies. High usage of cooling systems for uninterrupted performance of medical equipment during surgeries and operations results in the growing need for precise cooling solutions.  The segment growth is also rising as many hospitals are transitioning towards greener practices to reduce energy consumption and environmental impact. 

Our in-depth analysis of the global medical equipment cooling market includes the following segments: