Global Medical Equipment Cooling Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Liquid and Air

By Configuration;

Packaged, Modular, and Split

By Compressor;

Scrull, Screw, Centrifugal, and Reciprocating

By Application;

MRI , CT , PET, LINAC, and Medical Lasers

By End User;

OEMS, Hospitals & Labs, and Diagnostic Treatment Centers & Laboratories

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn545668186 Published Date: May, 2025 Updated Date: June, 2025

Medical Equipment Cooling Market Overview

Medical Equipment Cooling Market (USD Million)

Medical Equipment Cooling Market was valued at USD 231.36 million in the year 2024. The size of this market is expected to increase to USD 312.32 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.


Global Medical Equipment Cooling Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 4.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.4 %
Market Size (2024)USD 231.36 Million
Market Size (2031)USD 312.32 Million
Market ConcentrationHigh
Report Pages337
231.36
2024
312.32
2031

Major Players

  • Drake Refrigeration, Inc
  • Cold Shot Chillers
  • American Chillers
  • Legacy Chiller Systems.
  • Johnson Thermal Systems
  • Filtrine Manufacturing Company
  • Laird Technologies

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Medical Equipment Cooling Market

Fragmented - Highly competitive market without dominant players


The medical equipment cooling market is experiencing significant momentum as healthcare facilities increasingly adopt advanced imaging and therapeutic technologies. These high-performance systems require reliable cooling to prevent overheating, ensure accurate operation, and extend equipment lifespan—making efficient cooling solutions essential to modern clinical environments.

Rising Demand for Efficient Cooling Solutions
With over 60% of diagnostic equipment malfunctions linked to heat-related issues, thermal regulation has become a top priority. The growing integration of complex systems like MRI scanners and radiation therapy devices is fueling demand for compact, energy-efficient cooling technologies capable of sustaining optimal temperatures during prolonged use.

Innovation and Technological Advancements
Technological innovations are reshaping the market, with liquid-based cooling systems, AI-driven temperature controls, and modular designs leading the way. These advancements have been shown to reduce maintenance frequency and improve operational uptime by nearly 45%, translating to enhanced workflow efficiency and reduced equipment downtime.

Surging cases of chronic illnesses, expanding diagnostic networks, and the shift toward personalized medicine are accelerating market growth. Furthermore, nearly 70% of medical facilities are projected to replace outdated cooling units with sustainable, eco-friendly alternatives, opening new opportunities for next-generation cooling technologies.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Configuration
    3. Market Snapshot, By Compressor
    4. Market Snapshot, By Application
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. Medical Equipment Cooling Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Emerging Innovations in Medical Cooling Systems

        2. Rising Need for Equipment Temperature Control

        3. Stringent Standards Driving Cooling Adoption

      2. Restraints
        1. High Installation and Maintenance Costs

        2. Lack of Awareness Among End Users

        3. Regulatory Hurdles Limiting Market Entry

      3. Opportunities
        1. Advanced Cooling Tech Driving Innovation

        2. Expanding Healthcare Facilities Fuel Demand

        3. Eco-Friendly Cooling Systems Gaining Traction

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Medical Equipment Cooling Market, By Type, 2021 - 2031 (USD Million)
      1. Liquid
      2. Air
    2. Medical Equipment Cooling Market, By Configuration, 2021 - 2031 (USD Million)
      1. Packaged
      2. Modular
      3. Split
    3. Medical Equipment Cooling Market, By Compressor, 2021 - 2031 (USD Million)
      1. Scrull
      2. Screw
      3. Centrifugal
      4. Reciprocating
    4. Medical Equipment Cooling Market, By Application, 2021 - 2031 (USD Million)
      1. MRI
      2. CT
      3. PET
      4. LINAC
      5. Medical Lasers
    5. Medical Equipment Cooling Market, By End User, 2021 - 2031 (USD Million)
      1. OEMS
      2. Hospitals & Labs, and
      3. Diagnostic Treatment Centers & Laboratories.
    6. Medical Equipment Cooling Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Glen Dimplex Group
      2. Legacy Chiller Systems Inc.
      3. Filtrine Manufacturing Company, Inc.
      4. Laird Technologies, Inc.
      5. Cold Shot Chillers
      6. KKT Chillers
      7. General Air Products, Inc.
      8. Drake Refrigeration, Inc.
      9. Lytron, Inc.
      10. Motivair Corporation
      11. American Chillers
      12. Parker Hannifin Corp
      13. Whaley Products Inc.
      14. Johnson Thermal Systems
      15. Haskris
  7. Analyst Views
  8. Future Outlook of the Market