Medical Display Market - Global Industry Analysis

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For prominent therapeutic and diagnostic procedure, the medical industry is highly dependent on the display efficiency of a medical display. The medical display is used for displaying the various organs of the patients to examine them and to perform the required operation on them. Advanced medical displays offer prominent features which include better luminance, high-resolution, and high contrast ratios. Moreover, a medical display is used by surgeons & doctors for diagnostic, surgical, observatory, radiology, dental, and many other purposes.

The global medical display market is divided into its technology, display color, resolution, panel size, and application. On the basis of the technology, the medical display market is divided into OLEDs, CCFL-backlit LCD, and LED-backlit LCD. LED-backlit LCD segment is estimated to cover the largest market value because of its prominent characteristic to deliver high-quality images. 

Based on display color, the medical display market is segmented into monochrome displays and color displays. Color display segment accounted for the largest market value share in the global market.

On the basis of the resolution, the medical display market is segmented as above 8mp resolution, 4.1–8mp resolution, 2.1–4mp resolution, and up to the 2mp resolution.

Based on panel size, the medical display market is segmented as above-42-inch, 27.0–41.9-inch, 23.0–26.9-inch, and under-22.9-inch.

On the basis of the application, the medical display market is divided into surgical, diagnostic, dentistry, and others.

North America is anticipated to be the dominant region in the medical display market over the forecast period. Favorable government policies supporting the invasion of new and technological advanced displays, development in the healthcare infrastructure, and research grant by the government and ruling authorities are expected to propel the growth of the market in this region. Europe is the second largest market followed by the Asia Pacific. Large healthcare industry due to the large population base in the Asia Pacific region, especially India, China, and Japan is the significant accelerating factor for the growth of the medical display market in this region. Therefore, Asia Pacific is anticipated to show the fastest CAGR growth during the forecast period whereas Latin America market is estimated to grow at a slow to moderate rate during the forecast period. The Middle East and Africa are also expected to hold a moderate market value share in the medical display market.

Some of the key players in the medical display market include Novanta, LG Display, Sony, Eizo, Barco, Jusha Medical, Steris, Quest International, Advantech, FSN, Siemens, and others.