U.S (New York) – Report Ocean has recently published a comprehensive research report titled “North America and Europe Medical Display Market ” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
The North America and Europe medical display market was valued at $1,010.5 million in 2018 and is expected to reach $1,515.8 million by 2026 with a CAGR of 5.2% during the forecast period. Diagnosing patients accurately using Picture Archive Communication System (PACS) viewer that displays medical images on LCD monitors is important for detecting various diseases. Thus, medical display devices are significant tools for medical professionals to see images better than the physical films or CRT monitors. Streamlining the overall hospital operations and improving patient care in the healthcare system is important for proper diagnosis. Medical professionals such as surgeons, radiologists and information technology specialists need medical grade monitors for consistent and accurate performance of medical display systems. Thus, adequacy of medical display monitors is a vital element in the modern hospitals.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Increase in number of medical establishments and rise in healthcare expenditure fuel the demand for medical display devices in these regions. Furthermore, rise in geriatric population in the countries boosts the demand for medical-aid and medical display devices in North America and Europe. The growth in demand for multimodality displays for radiology and various medical applications to get a detailed view of ultrasound outputs and PET further drive the growth of the North America and Europe medical display market. Nonetheless, the higher costs associated with the devices restrict the growth of the market. The increase in demand for various diagnostic procedures such as ultrasound, medical resonance imaging, and X-ray are expected to provide newer opportunities for the market growth.
The North America and Europe medical display market is segmented into device, panel size, resolution, application, and region. Based on device, the market is categorized into mobile, desktop, and all-in-one product. Based on panel size, it is divided into under-22.9-inch panels, 23.0-26.9-inch panels, 27.0-41.9-inch panel, and above-42-inch panels. Based on resolution, it is studied across up to 2MP resolution displays, 2.1-4MP resolution displays, 4.1-8MP resolution displays, and above 8MP resolution displays. Based on application, it is classified into digital pathology, multi-modality, surgical, radiology, mammography, and others. Based on region, it is analyzed across North America and Europe.
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KEY MARKET BENEFITS
> This report entails a detailed quantitative analysis along with the current North America and Europe medical display market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
> The market forecast is studied from 2019 to 2026.
> The market size and estimations are based on a comprehensive analysis of key developments in the industry.
> A qualitative analysis based on innovative products facilitates strategic business planning.
> The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
LIST OF KEY PLAYERS PROFILED IN THE REPORT
> ALPHA DISPLAY
> Advantech Co., Ltd. (Advantech)
> ASUSTeK Computer Inc.
> Axiomtek Co., Ltd.
> Barco NV
> BenQ Medical Technology
> COJE CO., LTD.
> Dell Technologies Inc.
> Double Black Imaging Corporation
> EIZO Corporation (EIZO)
> FSN Medical Technologies
> Hisense Medical
> HP INC
> JVC Kenwood Holdings Inc.
> LG Display Co., Ltd.
> Nanjing Jusha Commercial & Trading Co, Ltd.
> Novanta Inc. (Novanta)
> Shenzhen Beacon Display Technology Co., Ltd.
> Sony Corporation
> Steris PLC
Key market segments
BY DEVICE
> Mobile
> Desktop
> All-in-one Product
BY PANEL SIZE
> Under 22.9-inch Panels
> 23.0-26.9-inch Panels
> 27.0-41.9-inch Pane
> Above 42-inch Panels
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BY RESOLUTION
> Up To 2MP Resolution Displays
> 2.1-4MP Resolution Displays
> 4.1-8MP Resolution Displays
> Above 8MP Resolution Displays
BY APPLICATION
> Digital Pathology
> Multi-modality
> Surgical
> Radiology
> Mammography
> Others
BY REGION
> North America and Europe
o U.S.
o Canada
o Germany
o France
o UK
o Italy
o Spain
o Rest of Region
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