Global Medical Display Market to Grow AT A CAGR OF 5.1% During The Forecast Period

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 medical display systems are crucial elements of imaging systems used in healthcare. They are, in a way, the last and one of the most useful tools in the medical chain where certified readers like technicians, physicians, or radiologists use the data displayed for medical diagnosis. As a whole, a medical display involves both the hardware as well as software that is used to process medical data and display it on the screen with complete accuracy and clarity.

The global medical display market has evolved considerably over the last few decades. Starting from heavy cathode-ray tubes capable of providing only monochrome images and below-par spatial resolution to the latest LCD which can produce highly contrasting images with complete sharpness.

Covid-19 had an overall positive impact on the global market because of the rising demand for patient care during the first and second waves. The second wave was more intense due to the large number of hospitalizations registered and the exponential rise in the demand for medical displays. During the first wave, due to disruptions in the supply chain, the growing demand could not be met but once the restrictions eased, the supply caught up with the demand, and the global market is expected to grow steadily during the forecast period.

The growing number of medical cases as well as healthcare facilities is expected to boost the global medical display market in the future. A steady shift towards minimally invasive techniques is observed amongst the general population. These minimally invasive operative methods require medical displays to properly monitor the patients' health during operational procedures.

This is coupled with an increase in hybrid operation theatres where medical displays are a necessity. The changing dynamics in operation theatres are expected to propel the global market growth. Advancement in the field of monitor displays providing better image capture techniques, more medical data on the screen, and better screen resolution is a contributing factor in the global market growth. Multiple standalone diagnostic centers have opened up in the last few years. These diagnostic centers need only medical displays as their main inventory and are anticipated to aid the global market expansion.

Increased use of refurbished medical displays may hamper the growth of the global market while growing healthcare infrastructure may have numerous opportunities for the global market growth during the forecast period. However, as display technology progresses, the picture pipeline and display assessment have become more complicated leading to challenges in the global market.

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 inches, 23.0 to 26.9 inches, 27.0-41.9 inches, and above 42 inches. 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 a monochrome display and color display.

Asia-Pacific is expected to dominate the global medical display market during the forecast period owing to the presence of multiple large-scale medical display manufacturers, space availability to set up manufacturing units, and the availability of highly skilled labor. An increase in government undertakings to attract foreign investors coupled with the increasing number of treatment and diagnostic facilities in the medical sector of the region is expected to aid the regional market growth.

North America is anticipated to register high CAGR in the coming years because of multiple FDA approvals for medical displays which are safe to be used as well as their extremely equipped healthcare facilities and installation of medical displays in ambulances.

Europe & the Middle East are expected to grow significantly during the forecast period followed by Latin America and Africa.

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.

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.

Browse the full “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.” Report at https://www.zionmarketresearch.com/report/medical-display-market

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

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com