Medical Equipment Cooling Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Water Liquid-Based Cooling Systems, Air-Based Cooling Systems, and Thermoelectric Cooling Systems), By Application (MRI Systems, CT Scanners, X-Ray Systems, PET Scanners, Ultrasound Systems, Laboratory and Medical Lasers), By End user (Hospitals, Diagnostic Imaging Centres, Ambulatory Surgical Centres (ASCs), Research Laboratories & Academic Institutions), and Region Forecast 2020-2031

Medical Equipment Cooling Market size was valued at US$ 218.2 million in 2024 and is expected to reach US$ 280.7 million by 2031, growing at a significant CAGR of 3.2% from 2025-2031. Moreover, the U.S. Global Medical Equipment Cooling market is projected to grow significantly, reaching an estimated value of US$ 81.7 Million by 2031. The market provides cooling solutions for various medical devices and equipment that generate heat during operation. This includes systems designed to regulate temperature in medical machinery such as MRI machines, CT scanners, X-ray devices, and other imaging and diagnostic equipment. These cooling systems are critical to maintaining the optimal functioning of medical devices, ensuring their longevity, and preventing overheating, which could lead to device malfunction or failure. cooling technologies in the medical sector typically include air cooling, liquid cooling, and thermoelectric cooling systems.

The market is experiencing significant growth due to the increasing demand for advanced medical devices and imaging systems, which require efficient cooling solutions to maintain performance and reliability. With the rise in diagnostic imaging procedures and the growing adoption of sophisticated medical technologies, there is an escalating need for effective thermal management solutions. Additionally, the global increase in chronic diseases, the aging population, and advancements in medical treatments are contributing to the expansion of the market.

Facts and Figures

• Rising Number of Diagnostic Imaging Devices: The global number of MRI machines has been increasing rapidly, with over 40,000 MRI units installed worldwide as of 2021, driving the need for sophisticated cooling solutions to maintain performance and extend device lifespans.
• Energy Efficiency Trends: The growing focus on reducing energy consumption in healthcare settings has led to a shift towards eco-friendly cooling systems, with many hospitals and diagnostic centers aiming to reduce their carbon footprints by adopting more energy-efficient and sustainable cooling technologies

Key Developments:

• In January 2024, Emerson Climate Technologies partnered with AI company Sentient to develop intelligent chillers for medical facilities. These AI-powered chillers utilize machine learning to predict cooling requirements and optimize performance, resulting in higher energy efficiency and reduced downtime.
• In January 2024, Star Refrigeration entered into a strategic agreement with GE Healthcare to supply high-performance cooling solutions for GE’s MRI equipment. This partnership aims to enhance system efficiency and reliability while lowering energy usage.
• In December 2023, CoolIT Systems, a developer of direct liquid cooling solutions for high-performance medical equipment, raised $25 million to expand operations and accelerate the acceptance of its technology in the medical profession. This investment demonstrates a rising interest in innovative cooling systems for medical applications.

Medical Equipment Cooling Market Segmentation:

Based on the type:

• Water Liquid-Based Cooling Systems
• Air-Based Cooling Systems
• Thermoelectric Cooling Systems

Among the type, Water Liquid-Based cooling Systems are anticipated to lead the market, driven by their superior efficiency and capability to handle high heat loads generated by advanced imaging systems like MRI and CT scanners. These systems offer precise temperature control and consistent performance, making them ideal for use in critical diagnostic environments where even minor fluctuations can impact equipment accuracy. Their ability to cool larger machines with greater thermal intensity positions them as the preferred solution in high-end healthcare facilities. Additionally, ongoing advancements in eco-friendly refrigerants and energy-efficient designs further enhance their market appeal and adoption rate.

Based on the application:

• MRI Systems
• CT Scanners
• X-Ray Systems
• PET Scanners
• Ultrasound Systems
• Laboratory and Medical Lasers

Among the applications, MRI systems are projected to dominate the market due to their high demand and substantial thermal management requirements. MRI machines use superconducting magnets that must be maintained at extremely low temperatures to function correctly and safely, making efficient cooling systems an operational necessity. Hospitals and diagnostic centres continue to invest in advanced MRI technologies for their non-invasive and detailed imaging capabilities, further driving demand. The precision and reliability required in MRI procedures leave no room for thermal fluctuations, reinforcing the need for robust cooling infrastructure. This consistent demand positions MRI systems as the leading application segment in the market.

Based on the end user:

• Hospitals
• Diagnostic Imaging Centres
• Ambulatory Surgical Centres (ASCs)
• Research Laboratories & Academic Institutions

Among the end users, hospitals are expected to lead the market, primarily due to their high patient volume and extensive use of advanced diagnostic imaging systems. As primary centres for comprehensive medical care, hospitals operate multiple high-performance machines such as MRI, CT, and PET scanners that generate significant heat and require continuous thermal regulation. The growing demand for accurate, real-time diagnostics in emergency and inpatient settings further boosts the reliance on efficient cooling solutions. Additionally, hospitals often have larger budgets and infrastructure to adopt sophisticated, energy-efficient cooling technologies, making them the dominant consumer segment in this evolving market.