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Medical Equipment Cooling Market worth $0.84 billion by 2031 | MarketsandMarkets™

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MarketsandMarkets

07 Jul, 2026, 14:15 GMT

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DELRAY BEACH, Fla., July 7, 2026 /PRNewswire/ -- According to MarketsandMarkets™, the Medical Equipment Cooling Market is projected to grow from about USD 0.68 billion in 2026 to USD 0.84 billion by 2031, at a CAGR of 4.4%.

Browse 300 market data Tables and 60 Figures spread through 300 Pages and in-depth TOC on 'Medical Equipment Cooling Market - Global Forecast to 2031'

Medical Equipment Cooling Market Size & Forecast:

  • Market Size Available for Years: 2025–2031
  • 2026 Market Size: USD 0.68 billion
  • 2031 Projected Market Size: USD 0.84 billion
  • CAGR (2026–2031): 4.4%

Medical Equipment Cooling Market Trends & Insights:

  • By product, the ultra-low temperature freezers segment is expected to register a CAGR of 4.6% between 2026 and 2031.
  • By end user, the blood collection centers & blood component providers segment held a 45-50% share of the medical equipment cooling market in 2025.
  • North America accounted for a 40-45% share of the global medical equipment cooling market in 2025.

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The market is reshaped by the rapid adoption of high-power imaging systems, minimally invasive surgical platforms, and AI-enabled diagnostic equipment, all of which generate greater thermal loads. Growing demand for compact, portable, and home-based medical devices is accelerating innovation in miniaturized, energy-efficient cooling technologies. Increasing regulatory focus on patient safety, equipment reliability, and operational uptime is driving investment in precision thermal management solutions. Additionally, sustainability goals are encouraging the use of low-noise, environmentally friendly, and energy-efficient cooling systems, while digital healthcare expansion is creating opportunities for smart, predictive cooling solutions that enhance device performance and lifecycle value.

Plasma freezers segment held a major share of the medical equipment cooling market in 2025.

Based on product, the plasma freezers segment held a major market share in 2025 due to its critical role in preserving plasma for therapeutic, transfusion, and research applications. Plasma freezers maintain stable ultra-low temperatures, ensuring the quality, safety, and efficacy of plasma-derived products, such as immunoglobulins, clotting factors, and albumin. Growing demand for plasma-based therapies, increasing prevalence of immune and coagulation disorders, and expanding biopharmaceutical research have accelerated adoption. Additionally, rising blood donation volumes, the expansion of blood banks and plasma collection centers, and stringent regulatory requirements for plasma storage have further strengthened the demand for advanced plasma freezing systems worldwide.

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Blood collection centers & blood component providers segment to exhibit the highest CAGR between 2026 and 2031.

The blood collection centers & blood component providers segment is expected to grow at the fastest CAGR during the forecast period due to the increasing global demand for plasma-derived therapies, rising blood and plasma donation programs, and expanding plasma fractionation capacity. The growing prevalence of chronic, autoimmune, and rare diseases is driving higher plasma collection volumes, requiring advanced cold chain infrastructure for safe storage and transportation. Governments and private organizations are also investing in new plasma collection facilities and modernizing existing centers to improve supply chain efficiency. Additionally, stringent regulatory requirements for maintaining plasma quality and traceability are boosting the adoption of advanced medical equipment cooling solutions in these facilities.

Asia Pacific to be the fastest-growing region in the medical equipment cooling market from 2026 to 2031.

By region, Asia Pacific is expected to exhibit the highest growth rate during the forecast period. This is mainly attributed to the rapid expansion of healthcare infrastructure, increasing investments in pharmaceutical and biotechnology manufacturing, and growing adoption of advanced diagnostic and laboratory equipment. Rising healthcare expenditure, improving access to medical services, and expanding blood banks, research laboratories, and biobanking facilities are driving the demand for reliable medical cooling solutions. China, India, Japan, and South Korea are witnessing significant growth in life sciences research, vaccine production, and biologics manufacturing, further increasing the need for precision refrigeration and ultra-low-temperature storage systems. Government initiatives supporting healthcare modernization, cold chain infrastructure development, and domestic medical device manufacturing are also contributing to market growth. Additionally, the large patient population, rising prevalence of chronic diseases, increasing clinical research activities, and strengthening pharmaceutical supply chains continue to create substantial opportunities, making it the fastest-growing region during the forecast period.

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Top Companies in Medical Equipment Cooling Market:

The Top Companies in Medical Equipment Cooling Market include Thermo Fisher Scientific, Inc. (US), Haier Biomedical (Haier Group) (China), Avantor, Inc. (US), Eppendorf SE (Germany), Blue Star Limited (India), B Medical Systems (Azenta) (US), Godrej and Boyce Manufacturing Co. Ltd. (India), BioLife Solutions (US), Berlinger & Co. AG (Germany), and Vestfrost Solutions A/S (Denmark).

Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting

Related Reports:

Diagnostic Imaging Market - Global Forecast to 2030

Temperature Monitoring Systems Market - Global Forecast to 2030

Patient Temperature Monitoring Market - Global Forecast to 2032

Biobanking Market - Global Forecast to 2030

Medical Equipment Maintenance Market - Global Forecast to 2030

About MarketsandMarkets™ 

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

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