Medical Equipment Cooling Market Forecasts Growth from $0.63B (2026) to $0.82B by 2031, Profiling Parker Hannifin, Daikin, Thermo Fisher & Boyd Corporation

The global medical equipment cooling market is projected to grow from USD 0.68 billion in 2026 to USD 0.84 billion by 2031, at a 4.4% CAGR. Growth is driven by advanced diagnostic, laboratory and life science equipment, rising healthcare investment, biobanking, chronic diseases and smart, energy-efficient cooling. Ultra-low temperature freezers led in 2025, while hospitals and transfusion centers will see significant growth. The US is set to record North America’s highest CAGR, supported by biol