According to the latest report by IMARC Group, “Global Medical Display Market Demand, Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global medical display market reached a value of US$ 2.35 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.4 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027.
A medical display represents an output device that is used in medical-grade monitors, including mammography, picture archiving and communication systems (PACS), tomosynthesis, etc., to address various medical imaging needs, such as endoscopy, x-ray, ultrasound, or sectional. In addition to this, it usually comes with advanced image-enhancing technologies to ensure noise-free images, consistent brightness over the lifetime of the display, automated compliance with medical standards, ergonomic reading, etc. Consequently, medical display is extensively utilized in hospitals, community healthcare, diagnostic centers, etc.
Medical Display Market Trends and Drivers:
The inflating need for advanced diagnostic modalities is primarily driving the medical display market. Besides this, the expanding geriatric population who are more susceptible to chronic diseases, such as cancer, diabetes, arthritis, etc., is catalyzing the market growth. Moreover, the responsive touch feature in medical displays, when combined with antimicrobial touch glass, prevents the possibility of cross-contamination between patients and healthcare professionals, which is acting as another significant growth-inducing factor.
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Apart from this, the rising adoption of personalized treatment options and point of care (POC) testing is also positively influencing the global market. Furthermore, several leading manufacturers are introducing 4K ultra high definition (HD) product variants with a wide range of interfaces and picture formats for surgical and general clinical applications. This, in turn, is anticipated to fuel the medical display market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Medical Display Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Advantech Co. Ltd., Axiomtek Co. Ltd., Barco NV, BenQ Medical Technology, Dell Technologies Inc., EIZO Corporation, LG Electronics Inc., Novanta Inc., Siemens AG, Sony Corporation and Steris Corporation.
The report has segmented the market on the basis of region, device, panel size, resolution, technology, application and end user.
Breakup by Device:
Breakup by Panel Size:
- Up to-22.9-inch
Breakup by Resolution:
- Up to 2MP
- 2.1 to 4MP
- 4.1 to 8MP
- Above 8MP
Breakup by Technology:
- Light Emitting Diode (LED)
- Backlit Liquid Crystal Display
- Organic Light Emitting Diode (OLED) Display
- Cold Cathode Fluorescent Light (CCFL)
Breakup by Application:
- Digital Pathology
Breakup by End User:
- Diagnostic Centres
- Community Healthcare
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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