North
America Medical Equipment Cooling Market Size and Growth Rate:
The North America medical
equipment cooling market is forecasted to reach USD 116 million by 2024
from USD 84 million in 2019, at a CAGR of 19.8%.
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120 Pages of Research Report developed on North America Medical Equipment
Cooling Market @ https://www.researchcosmos.com/reports/north-america-medical-equipment-cooling-market/68616396
North
America Medical Equipment Cooling Market Growth Drivers and Restraints:
The growth in the medical equipment cooling
market in North America is largely influenced by the financial advantages
offered by cooling equipment, great frequency of cancer cases and other
disorders, and increasing aging population base. Additionally, an increase in
diagnostic centers, ambulatory units, and hospitals will also provide
remarkably towards medical equipment cooling market size over the following few
years. A fiscal benefit provided by medical equipment cooling and technological
findings in diagnostic imaging is set to offer new ranges of development for
the firms in the market. But, the rusting risk associated with the cooling
equipment is likely to pretend a threat towards the market surge during the
estimated time.
Nonetheless, reliable patient care and
economic benefits provided by medical chillers, technical modifications
embedded in medical chillers, and favorable government programs along with the
massive incidence of chronic ailments are anticipated to lift the market
trends.
Increasing incidence rates of cancer and
rising technological improvements in diagnostic imaging modalities are the two
main factors, which are anticipated to fuel the market for medical equipment
cooling in North America. The huge cost of implementation could be a potential
restraint which can hinder the growth rate of this market.
Furthermore, growth in this regional market
is mainly driven by factors such as the economic benefits offered by cooling
systems, technological improvements in diagnostic imaging modalities, growing
geriatric population, and rising incidence of cancer. But, the risk of
corrosion in cooling systems is a major factor that is expected to hinder the
growth of this market during the forecast period.
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North
America Medical Equipment Cooling Market Geographical Segmentation:
North America commands the highest share of
the global market, followed by Europe and Asia-Pacific. The high share of this
market is largely attributed to the well-established healthcare system in the
region, greater adoption of superior technologies, growing prevalence of non-communicable
disorders, and the presence of key players. Also, accelerated economic growth
in many countries; increasing government focus on healthcare sector; increasing
number of hospitals & diagnostic centers; and increasing geriatric
population in the region, support the North American industry.
Key
Players of the North America Medical Equipment Cooling Market:
The major players in thisregion include Filtrine
Manufacturing Company, Inc. (US), Legacy Chiller Systems Inc. (US), Laird
Technologies, Inc. (US), General Air Products, Inc. (US), Cold Shot Chillers
(US), Drake Refrigeration, Inc. (US),
American Chillers (US), Parker Hannifin Corp (US), Lytron, Inc. (US), Motivair
Corporation (US), Whaley Products Inc.
(US), Johnson Thermal Systems (US), and Haskris (US), among others.
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