Medical Display Market (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; 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) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Acumen Research and Consulting predict that the global medical display market is expected to grow at a CAGR of around 4.4% from 2020 to 2027 and expected to reach the market value of around US$ 2,979.0 Mn by 2027.

The medical display is the monitor used in the healthcare and pharmaceutical industry to meet the essential requirement of medical imaging. These have special image-enhancing technologies noise-free images, ergonomic reading, and automated compliance with DICOM and other medical standards. These displays are manufactured with LED-backlit LCD display, CCFL-backlit LCD display, and OLED display technology.

Market Dynamics

The rising adoption of hybrid operating rooms across the hospitals in various developing economies is driving the market value. The short replacement cycles of medical displays and the rising number of diagnostic imaging centers are additionally accelerating the market value. The increasing preference for minimally invasive treatments coupled with the increasing number of patients with chronic diseases across the globe is further bolstering the demand for medical display in various treatment procedures. Furthermore, the development of healthcare infrastructure in emerging markets coupled with technological advancements is the factor projected to create potential opportunities over the estimated period from 2020 to 2027.

On the other side, market saturation in developed countries, and increasing adoption of refurbished medical displays are the factors expected to hinder the market growth over the estimated period.          

Desktop segment accounted for the major share in the market

In 2019, the desktop segment by device type has registered maximum share in terms of value. The segment is accounted for the major share owing to high image quality and ease of image analysis. Additionally, the desktop display provides an easy connection with the endoscopic cameras, imaging, and radiology equipment to visualize medical procedures is another factor supporting the segmental market value.

The market research study on “Medical Display Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global medical display market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global medical display market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global medical display market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The medical display market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

North America accounted for the major share in the market

In 2019, North America accounted for the major share (%) in terms of value in the medical display market. The region is particularly gaining growth on account of its advanced healthcare infrastructure and accessibility to technological devices. The presence of major players such as Double Black Imaging (US), Dell (US), HP (US), and Novanta (US) is additionally supporting the regional market value. Apart from these, the rising prevalence of chronic diseases in the regional market is further bolstering the market value.

The players profiled in the report include Advantech Co., Ltd., Alpha Display, 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, and Steris PLC.

Market Segmentation

Market By Device

• Mobile
• Desktop
• All-in-one Product

Market By Panel Size

• Under 22.9-inch Panels
• 23.0–26.9-inch Panels
• 27.0–41.9-inch Pane
• Above 42-inch Panels

Market By Resolution

• Up to 2MP Resolution Displays
• 2.1–4MP Resolution Displays
• 4.1–8MP Resolution Displays
• Above 8MP Resolution Displays

Market By Application

• Digital Pathology
• Multi-modality
• Surgical
• Radiology
• Mammography
• Others

Market By Geography

North America

• U.S.
• Canada

Europe

• UK.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa