Medical Display Market Size, Share, Growth Report 2030

Medical Display Market

Medical Display Market By Resolution (Up to 2MP, 2.1 to 4MP, 4.1 to 8MP, and Above 8MP), By Panel Size (Under 22.9 Inch, 23.0 to 26.9 Inch, 27.0-41.9 Inch, and Above 42 Inch), By Technology (OLED Display, CCFL-backlit LCD Display, and LED-backlit LCD Display) By Application (Digital Pathology, Mammography, General Radiology, Diagnostic, Dentistry, Surgical/ Interventional, Multi-modality, and Others ), By Display Color (Monochrome Display and Color Display), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028

Category: Healthcare Report Format : PDF Pages: 166 Report Code: ZMR-3358 Published Date: Apr-2022 Status : Published

The global medical display market was valued USD 2.33 billion in 2021 and is expected to reach USD 3.04 billion by 2028, growing at 5.1 percent CAGR.

Industry Prospective:

The global medical display market was worth around USD 2.33 billion in 2021 and is estimated to grow to about USD 3.04 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.1 percent over the forecast period. The report analyzes the medical display market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the medical display market.

Medical Display Market: Overview

A medical display is a screen that is designed to fulfill the high requirements of medical imaging. They are generally equipped with image-enhancing technologies that assure steady brightness throughout the display's lifespan, noise-free pictures, ergonomic reading, and automatic compatibility with DICOM as well as many medical standards. It assists medical workers in achieving improved health outcomes and working more effectively in an ever-complex healthcare environment. A broad variety of healthcare specialties benefit from the vast line-up of high-precision medical monitors. Pathology, dentistry, surgery, mammography, radiology, and clinical review imaging are just a few of the fields that employ medical display systems.

Global Medical Display MarketRequest Free Sample

COVID-19 Impact:

During the Covid-19 pandemic, the demand for medical displays surged to meet the demands of a rise in the number of coronavirus-infected patients and a surge in hospitalization. The lockdown enforced by many governments, however, put a stop to the production of these displays. Furthermore, the supply chain was affected, resulting in a lack of basic supplies. During the pandemic, many surgical operations were postponed, and only urgent surgeries were performed. As a result, hospitals and healthcare organizations reallocated resources from other departments, particularly medical displays, to meet the growing demands in Covid wards.

Medical Display Market: Growth Drivers

Growing inclination toward minimally invasive treatment is predicted to foster the market growth

One of the primary reasons driving the growth of the global medical display market is the growing demand for minimally invasive treatments due to benefits such as faster recovery and reduced discomfort. There is the increase in prevalence of chronic diseases across the world that requires surgery. Owing to numerous benefits of minimally invasive treatment, a large number of patients prefer it. In addition to this, vascular & endovascular operations, neurological & spinal surgeries, orthopedic trauma treatments, and heart surgeries are all performed in hybrid operating rooms. This capability allows hospitals to perform sophisticated surgical operations, boosting demand for medical displays. Thus, the growing popularity of hybrid operating rooms has a positive impact on the medical display industry. In addition, rising healthcare expenditure and an increase in the number of pathology and radiology laboratories are driving up demand for medical displays. In addition, the growing demand for numerous diagnostic procedures such as X-ray, ultrasound, and magnetic resonance imaging as well as the need for medical professionals such as surgeons, radiologists, and information technology specialists to have a detailed view of these diagnostic outputs, is propelling the market growth.

Report Scope:

 

Medical Display Market: Restraints

Increase in use of refurbished medical displays to hamper the growth of market

In most developing countries, owing to poor healthcare infrastructure, most healthcare facilities including hospitals, clinics, and imaging labs prefer refurbished medical displays. In addition to this, the easy availability of refurbished medical displays in new state-of-the-art medical displays at a lower cost and with little or no complete loss due to underused assets may impede the market growth. Also, the growing number of suppliers of refurbished medical displays may hinder market growth.

Medical Display Market: Opportunities

Growing healthcare infrastructure may have numerous opportunities for the market growth during the forecast period.

Governments of several countries and non-profit organizations are majorly focusing on the development of healthcare infrastructure to minimize the burden of diseases and provide better healthcare facilities. Also, there is an increase in the adoption of technologically advanced medical devices, monitors, displays, and several other equipments. All such factors are likely to create beneficial opportunities for the growth of the market during the forecast period. Furthermore, heavy investments by the major plays for innovative product launches and upgraded features may also boost the global medical display market growth in the forthcoming years.

Medical Display Market: Challenges.

In the evaluation and access to patient medical information, visual information is crucial. The medical community has attempted to take advantage of developments in larger color gamuts, better display mobility, and more immersive visuals as display technology have progressed. These picture quality upgrades have improved healthcare quality by increasing efficiency, increasing diagnostic accuracy, adding functionality, improving training, and improving health records. However, as display technology progresses, the picture pipeline and display assessment become more complicated leading to measurement challenges. This may act as a challenge for the market growth.

Medical Display Market: Segmentation

The global medical display market is divided based on resolution, panel size, technology, application, display color, and region. The resolution segment is bifurcated into up to 2MP, 2.1 to 4MP, 4.1 to 8MP, and above 8MP. Based on the panel size, the global market is split into under 22.9 Inch, 23.0 to 26.9 Inch, 27.0-41.9 Inch, and above 42 Inch. The technology segment consists of OLED display, CCFL-backlit LCD display, and LED-backlit LCD display. Digital pathology, mammography, general radiology, diagnostic, dentistry, surgical/ interventional, multi-modality, and others are the applications included in the market for medical display. The display color segment comprises monochrome display and color display.

Recent Developments

  • In November 2021, with the Gemini 12MP, Double Black Imaging strengthens its digital breast imaging display line. For modality optimization, the Gemini 12MP has multi-resolution modes, featuring 6MP & 12MP settings.
  • In April 2021, LG Business Solutions USA has launched the 31-inch, 12-megapixel 31HN713D, the newest addition to LG's entire range of professional, medical-grade diagnostic monitors, that can be used for a variety of diagnostic studies, including 3-D mammography.

Medical Display Market: Regional Landscape

Asia Pacific region is projected to lead the global medical display market

Asia-Pacific is anticipated to account for the greatest share of the global medical display market, and it is predicted to grow at the highest CAGR value during the predicted period. This is owing to rising demand for sophisticated surgical display devices in emerging nations like India and China, as well as increasing knowledge of medical technology, growth in medical tourism, and an increase in healthcare expenditure in the region. The market in North America and Europe is also expected to grow at a healthy growth rate owing to the increase in adoption of hybrid operating rooms, growing demand for multimodality displays, and adoption of advanced technologies in healthcare medical display devices.

Medical Display Market: Competitive Landscape

Some of the major players that are functioning in the global medical display market include FSN Medical, LG Display, Sony, EIZO, Barco, Double Black Imaging, Jusha Medical, STERIS, Quest International, and Advantech among others.

Global medical display market is segmented as follows:

By Resolution

  • Up to 2MP
  • 2.1 to 4MP
  • 4.1 to 8MP
  • Above 8MP

By Panel Size

  • Under 22.9 Inch
  • 23.0 to 26.9 Inch
  • 27.0-41.9 Inch
  • Above 42 Inch

By Technology

  • OLED Display
  • CCFL-backlit LCD Display
  • LED-backlit LCD Display

By Application

  • Digital Pathology
  • Mammography
  • General Radiology
  • Diagnostic
  • Dentistry
  • Surgical/ Interventional
  • Multi-modality
  • Others

By Display Color

  • Monochrome Display
  • Color Display

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

One of the primary reasons driving the growth of the medical display market is the growing demand for minimally invasive treatments due to benefits such as faster recovery and reduced discomfort. In addition, the growing demand for numerous diagnostic procedures such as X-ray, ultrasound, and magnetic resonance imaging as well as the need for medical professionals such as surgeons, radiologists, and information technology specialists to have a detailed view of these diagnostic outputs, is propelling the market growth.

According to the Zion Market Research report, the global medical display market was worth about 2.33 (USD billion) in 2021 and is predicted to grow to around 3.04 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 5.1 percent.

 

market, and it is predicted to grow at the highest CAGR value during the predicted period. This is owing to rising demand for sophisticated surgical display devices in emerging nations like India and China, as well as increasing knowledge of medical technology, a growth in medical tourism, and an increase in healthcare expenditure in the region.

 

Some of the major players that are functioning in the global medical display market include FSN Medical, LG Display, Sony, EIZO, Barco, Double Black Imaging, Jusha Medical, STERIS, Quest International, and Advantech among others.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed