The global medical display market was valued at $2,052.77 million in 2019, and is projected to reach $3,194.72 million by 2027, registering a CAGR of 4.90% from 2020 to 2027. The growth of the global medical display market is majorly driven by growth in adoption of hybrid operating rooms, short replacement cycles of medical displays, and increase in preference for minimally invasive treatments. The need for ultra-high-resolution imaging and multimodality monitors in hospitals and diagnostic centers for surgeries creates new opportunities for the medical display market in the near future. Recent advances in the medical imaging techniques such as 3D technology, open and portable MRIs, digital mammography, and AI are expected to offer remunerative opportunities for major players.
Medical-grade displays feature an array of technologies, which address image accuracy, including uniformity correction, thereby providing consistent brightness and color across the full display. Medical-grade displays have higher luminance, provide extended warranties, and calibrate to Digital Imaging and Communications in Medicine (DICOM) standards.
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On the contrary, increase in adoption of refurbished medical displays and adoption of consumer-grade displays are the factors anticipated to restrain the market growth during the forecast period. The consumer-grade displays have specific functions making them option for hospitals and clinics, where consumers like features such as low configurations with respect to resolution, or compatibility with various modalities are required. Consumer displays have a glossy finish, thus can be beneficial in low light settings and windows, preventing distraction.
On the basis of device, the global medical display market is categorized into desktop, mobile, and all-in-one.
By panel size, the global medical display market is segmented into up to 22.9-inch panels, 23.0-26.9-inch panels, 27.0-41.9-inch panel, and above 42-inch panels.
By resolution, the global medical display market is classified into up to 2MP (megapixel) resolution displays, 2.1-4MP resolution displays, 4.1-8MP resolution displays, and above 8MP resolution displays.
On the basis of application, the global medical display market is classified into the digital pathology, multi-modality, surgical, radiology, mammography, and others.
On a regional level, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific medical display market accounted for the largest share in 2019 and is projected to grow with the highest CAGR of 5.70% during the forecast period.
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KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the global medical display market size along with the current trends and future estimations to elucidate the imminent investment pockets.
– It offers market analysis from 2020 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
– A comprehensive analysis on region assists to understand the regional market and facilitate the strategic business planning and determine prevailing opportunities.
– The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global medical display market growth.
List of key players profiled in the report
– ASUSTeK Computer Inc.
– Axiomtek Co., Ltd.
– Barco
– BenQ Medical Technology
– COJE Co.,Ltd.
– Dell Inc.
– Double Black Imaging
– FSN Medical Technologies
– Sony Corporation
– DIVA Laboratories. Ltd.
– EIZO Corporation
– Novanta Inc. (NDS Surgical Imaging)
List of other players in the value chain (profiles not included in the report):
– LG Display
– Jusha Medical
– Advantech Co., Ltd.
– Nanjing Jusha Commercial &Trading Co,Ltd
– Quest International
KEY MARKET SEGMENTS
By Device
– Mobile
– Desktop
– All-in-one
By Panel Size
– Up to 22.9
– 23.0 to 26.9
– 27.0 to 41.9
– Above 42
By Resolution
– Upto 2MP
– 2.1 to 4MP
– 4.1 to 8MP
– Above 8MP
By Application
– Digital Pathology
– Multi-modality
– Surgical
– Radiology
– Mammography
– Others
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By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Rest of Europe
– Asia-Pacific
o Japan
o China
o India
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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