Medical Display Market Size Projected to Garner USD 3.8 Billion by 2032 growing at 5.4% CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

The Global Medical Display Market Size is predicted to reach USD 3.8 Billion by 2032 from USD 2.3 Billion in 2022, at a CAGR of 5.4% between 2023 and 2032, as per the Acumen Research and Consulting

In recent years, medical displays have experienced a significant surge in utilization across various sectors within the healthcare industry. This trend can be attributed to several factors, including advancements in display technology, increasing demand for precise and high-quality imaging in diagnosis and treatment, and the digitalization of healthcare systems. Medical displays are now indispensable tools in radiology departments, operating rooms, diagnostic laboratories, and telemedicine setups, facilitating improved patient care and clinical outcomes.

One of the primary drivers behind the increased adoption of medical displays is the evolution of imaging modalities such as MRI, CT scans, ultrasound, and digital pathology. These modalities produce large volumes of high-resolution medical images that require specialized displays capable of rendering subtle details accurately. Medical-grade displays offer superior image quality, color accuracy, and contrast, enabling healthcare professionals to make more precise diagnoses and treatment decisions. Moreover, the integration of advanced features like 3D rendering, multi-modality image fusion, and real-time image processing further enhances the utility of medical displays in various medical procedures. Additionally, the growing emphasis on telemedicine and remote healthcare services has propelled the demand for medical displays.

Medical Display Market Analysis

Medical Display Market Statistics

  • Global medical display market value was worth USD 2.3 Billion in 2022, with a 5.4% CAGR from 2023 to 2032
  • North America medical display market share occupied around 36% in 2022
  • Asia-Pacific region is expected to expand at the highest CAGR between 2023 and 2032
  • By device, the desktop segment captured the largest market share in 2022
  • Technological advancements in display resolution and image quality, propel the medical display market revenue

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Medical Display Market Trends

The medical display market has been experiencing robust growth in recent years, driven by various factors such as technological advancements, increasing demand for better diagnostic tools, and the expanding application of medical displays across healthcare facilities globally. One significant factor fueling market growth is the continuous innovation in display technology, leading to the development of high-resolution, color-accurate, and energy-efficient medical displays. These advancements enable healthcare professionals to visualize medical images with greater clarity and detail, thereby enhancing diagnostic accuracy and patient care outcomes. Moreover, the integration of features such as touch-screen interfaces, ergonomic designs, and compatibility with medical imaging software further expands the utility and adoption of medical displays across different healthcare settings.

Another key driver of market growth is the increasing adoption of digital healthcare systems and the transition from traditional film-based imaging to digital imaging solutions. Healthcare facilities are investing in Picture Archiving and Communication Systems (PACS) and Radiology Information Systems (RIS) to manage and store medical images efficiently, driving the demand for medical displays with compatibility and connectivity features. Furthermore, the rising prevalence of chronic diseases, growing geriatric population, and the expanding scope of medical imaging applications in areas such as oncology, cardiology, and neurology are also contributing to the medical display market growth.

Medical Display Market Segmentation

Acumen Research and Consulting has segmented the global medical display market by device, resolution, panel size, technology, application, and region.

  • By device, the industry is categorized into all-in-one, mobile, and desktop.
  • By resolution, the market is divided into up to 2MP, 2.1 to 4MP, 4.1 to 8MP, and above 8MP.
  • By panel size, the market is classified into up to-22.9-inch, 23.0-26.9-inch, 27.0-41.9-inch, and above-42-inch.
  • By technology, the market is split into light emitting diode (LED), cold cathode fluorescent light (CCFL), organic light emitting diode (OLED) display, backlit liquid crystal display, and others.
  • By application, the market is bifurcated into digital pathology, surgical, multi-modality, mammography, radiology, and others.
  • By region, the market is classified into Asia-Pacific, North America, Europe, Latin America, and the MEA.

Medical Display Market Regional Overview

According to the medical display industry analysis, the Asia-Pacific region has emerged as a significant and rapidly growing market for medical displays, fueled by several factors contributing to the expansion of healthcare infrastructure, increasing investments in medical technology, and rising demand for advanced diagnostic and treatment solutions. Countries within the Asia-Pacific region, including China, Japan, India, South Korea, and Australia, are witnessing substantial growth in healthcare expenditure, driven by factors such as population growth, urbanization, and aging demographics. One of the primary drivers of the growth in the Asia-Pacific medical display market is the increasing adoption of digital healthcare solutions and the expansion of medical imaging facilities across the region. Governments and healthcare providers are investing in upgrading healthcare infrastructure, including hospitals, diagnostic centers, and clinics, to accommodate the growing demand for medical services. This includes the installation of advanced medical imaging equipment such as MRI machines, CT scanners, ultrasound systems, and digital X-ray machines, which require high-quality medical displays for image visualization and interpretation.

Medical Display Market Players

Some of the prominent medical display market companies are Advantech Co. Ltd., Barco NV, Axiomtek Co. Ltd., Sony Corporation, BenQ Medical Technology, EIZO Corporation, Dell Technologies Inc., Sony Corporation, LG Electronics Inc., Siemens AG, Novanta Inc., and Steris Corporation.

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Acumen Research and Consulting

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