According to FutureWise analysis the market for Medical Cooling Systems in 2023 is US$ 0.75 billion, and is expected to reach US$ 1.03 billion by 2031 at a CAGR of 4.12%.
The medical cooling systems are used for condensing the heat lead that is produced by various medical devices like medical imaging systems, medical lasers and others. These cooling systems are used for enhancing equipment life cycle with the reduction of heat load. Furthermore, these systems are used by various clinics, diagnostic centres and hospitals. Some of the advantages of these systems are reduction in the surface temperature of the device, faster rate of thermal cycling and increased medical device lifespan.
Surging rise in the number of hospitals in emerging countries and rise in the utilization of these cooling devices for cooling down instruments like lasers, MRI, etc. But the risk of corrosion of these systems and these systems being expensive is expected to impede the medical cooling systems market growth. The increasing emphasis of the governments of emerging nations towards improving the healthcare infrastructure is anticipated to create growth opportunities for the market over the coming years. Additionally, the rising affordability of these devices in emerging nations has increased the penetration of these devices in countries like China and India.