Medical Display Monitor Market by Technology, by Resolution, by Display Color, by Panel Size, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023

  • ID: 4600378
  • Report
  • Region: Global
  • 162 pages
  • P&S Market Research
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Global medical display monitor market is expected to attain revenue of $2.8 billion by 2023.

The market is mainly driven by increasing prevalence of chronic diseases, increasing demand for minimally invasive treatments, rising adoption of hybrid operating room (OR) technologies, and short replacement cycle of medical display technologies.

Insights on market segments

Among all technologies, the demand for organic light-emitting diode (OLED) technology is expected to exhibit the fastest growth in the medical display monitor market, with a CAGR of 5.4%, during the forecast period. The technology is also predicted to generate revenue of more than $70.0 million by 2023.

Displays with 5MP-8MP resolution held the largest share in the medical display monitor market in 2017, accounting for 30.5% share. This can be attributed to the fact that these monitors offer better-quality images in various surgical and diagnostic applications, as compared to other monitors. During the forecast period, the market for colored medical display monitors is expected to witness faster growth, at a CAGR of 5.2%. This is because of the high preference for these monitors for surgical and diagnostic purposes.

Monitors of 23.0-26.9-inch panel sizes held the largest share in the medical display monitor market in 2017, accounting for 38.7% share. Diagnostics forms the largest application area of medical display monitors and is also anticipated to project the fastest growth, at a CAGR of 5.3%, in the market, during the forecast period. This can be attributed to the increasing adoption of these monitors in various imaging techniques, such as X-ray, magnetic resonance imaging, and computed tomography.

Market is predicted to witness the fastest growth in LATAM

During the forecast period, the medical display monitor market is expected to witness the fastest growth in LATAM. Advanced diagnostic imaging technologies are leading to a high demand for medical imaging devices, which, in turn, is boosting the market growth in LATAM.

According to a report published by the United Nations Department of Economic and Social Affairs (UNDESA) in 2017, the number of people aged 65 years and above in Brazil is expected to reach approximately 58 million by 2050. Therefore, increasing requirement for medical imaging devices and rising geriatric population in LATAM are expected to drive the medical display monitor market growth in the region in the coming years.

Surging demand for advanced display imaging systems is leading to product development

In order to increase their market share, key players of the medical display monitor industry are developing products for effective imaging in the areas of magnetic resonance imaging, digital subtraction angiography, and computed tomography. For instance, in October 2017, EIZO GmbH launched a 55-inch 4K ultra-high-definition (UHD) monitor, CuratOR LX550W, for use in interventional radiology and endoscopy. The widescreen monitor is ideal for displaying medical images for angiography, cardiology, and endoscopy in medical environments.

In June 2016, EIZO Corporation acquired the endoscopy monitor business of Panasonic Healthcare Co. Ltd. The acquisition was part of the company’s mid-term business plan, announced in 2015, to expand in the healthcare market, with a particular focus on OR. With this acquisition, EIZO Corporation aimed at providing a complete line-up of endoscopy monitors, including 3D and 4K ones, and gaining a significant competitive advantage in product development.

Some of the other key players operating in the global medical display monitor market are Siemens AG, Sony Corporation, Novanta Inc., Barco NV, LG Display Co. Ltd., Advantech Co. Ltd., Jusha Medical, JVCKENWOOD Corporation, and Steris plc.

Global Medical Display Monitor Market Segmentation

Market Segmentation by Technology

LED-backlit LCD
CCFL-backlit LCD
Organic light-emitting diode (OLED)

Market Segmentation by Resolution

5MP-8MP
Up to 2MP
Above 8MP
3MP-4MP

Market Segmentation by Display Color

Colored
Monochrome

Market Segmentation by Panel Size

23.0-26.9 inches
27.0-41.9 inches
Under 22.9 inches
Above 42 inches

Market Segmentation by Application

Diagnostic
Clinical
Surgical

Market Segmentation by Geography

North America medical display monitor market

By technology

By resolution

By display color

By panel size

By application

By country - U.S. and Canada

Europe medical display monitor market

By technology

By resolution

By display color

By panel size

By application

By country - Germany, France, U.K., Italy, Spain, and Rest of Europe

Asia-Pacific (APAC) medical display monitor market

By technology

By resolution

By display color

By panel size

By application

By country - Japan, China, India, and Rest of APAC

Latin America (LATAM) medical display monitor market

By technology

By resolution

By display color

By panel size

By application

By country - Brazil, Mexico, and Rest of LATAM

Middle East and Africa (MEA ) medical display monitor market

By technology

By resolution

By display color

By panel size

By application

By country - Saudi Arabia, U.A.E., and Rest of MEA
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Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Technology
1.3.2 Market Segmentation By Resolution
1.3.3 Market Segmentation By Display Color
1.3.4 Market Segmentation By Panel Size
1.3.5 Market Segmentation By Application
1.3.6 Market Segmentation By Geography
1.3.7 Analysis Period
1.3.8 Market Data Reporting Unit
1.3.8.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study

Chapter 3. Executive Summary
3.1 Voice Of Industry Experts/Kols

Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Technology
4.1.1.1 Led-Backlit Lcd
4.1.1.2 Ccfl-Backlit Lcd
4.1.1.3 Oled
4.1.2 By Resolution
4.1.2.1 5Mp-8Mp
4.1.2.2 Up To 2Mp
4.1.2.3 Above 8Mp
4.1.2.4 3Mp-4Mp
4.1.3 By Display Color
4.1.3.1 Colored
4.1.3.2 Monochrome
4.1.4 By Panel Size
4.1.4.1 23.0-26.9 Inches
4.1.4.2 27.0-41.9 Inches
4.1.4.3 Under 22.9 Inches
4.1.4.4 Above 42 Inches
4.1.5 By Application
4.1.5.1 Diagnostic
4.1.5.2 Surgical
4.1.5.3 Clinical
4.2 Market Dynamics
4.2.1 Trend
4.2.1.1 Increasing Application Of 3D Technology In Medical Display Monitoring Devices
4.2.2 Drivers
4.2.2.1 Increasing Prevalence Of Chronic Diseases
4.2.2.2 Rising Adoption Of Hybrid Or Technologies
4.2.2.3 Increasing Demand For Minimally Invasive Treatments
4.2.2.4 Short Replacement Cycle Of Medical Display Technologies
4.2.2.5 Impact Analysis Of Drivers On Market Forecast
4.2.3 Restraints
4.2.3.1 High Cost Of Medical Display Monitoring Devices
4.2.3.2 Increasing Adoption Of Refurbished Medical Display Monitors
4.2.3.3 Impact Analysis Of Restraints On Market Forecast
4.2.4 Opportunities
4.2.4.1 Increasing Investments In Medical Imaging Devices
4.2.4.2 Rising Awareness About Medical Display Monitors In Emerging Economies
4.3 Porter’S Five Forces Analysis
4.3.1 Bargaining Power Of Buyers
4.3.2 Bargaining Power Of Suppliers
4.3.3 Intensity Of Rivalry
4.3.4 Threat Of New Entrants
4.3.5 Threat Of Substitutes

Chapter 5. Global Market Size And Forecast
5.1 By Technology
5.2 By Resolution
5.3 By Display Color
5.4 By Panel Size
5.5 By Application
5.6 By Region

Chapter 6. North America Market Size And Forecast
6.1 By Technology
6.2 By Resolution
6.3 By Display Color
6.4 By Panel Size
6.5 By Application
6.6 By Country

Chapter 7. Europe Market Size And Forecast
7.1 By Technology
7.2 By Resolution
7.3 By Display Color
7.4 By Panel Size
7.5 By Application
7.6 By Country

Chapter 8. APAC Market Size And Forecast
8.1 By Technology
8.2 By Resolution
8.3 By Display Color
8.4 By Panel Size
8.5 By Application
8.6 By Country

Chapter 9. LATAM Market Size And Forecast
9.1 By Technology
9.2 By Resolution
9.3 By Display Color
9.4 By Panel Size
9.5 By Application
9.6 By Country

Chapter 10. MEA Market Size And Forecast
10.1 By Technology
10.2 By Resolution
10.3 By Display Color
10.4 By Panel Size
10.5 By Application
10.6 By Country

Chapter 11. Competitive Landscape
11.1 Product Benchmarking Of Key Players
11.2 Global Strategic Developments Of Key Players
11.2.1 Product Launches
11.2.2 Acquisitions
11.2.3 Other Developments

Chapter 12. Company Profiles
12.1 Steris Plc
12.1.1 Business Overview
12.1.2 Product And Service Offerings
12.1.3 Key Financial Summary
12.1.4 Strategic Growth Plans
12.2 Siemens Ag
12.2.1 Business Overview
12.2.2 Product And Service Offerings
12.2.3 Key Financial Summary
12.2.4 Strategic Growth Plans
12.3 Sony Corporation
12.3.1 Business Overview
12.3.2 Product And Service Offerings
12.3.3 Key Financial Summary
12.3.4 Strategic Growth Plans
12.4 Novanta Inc.
12.4.1 Business Overview
12.4.2 Product And Service Offerings
12.4.3 Key Financial Summary
12.4.4 Strategic Growth Plans
12.5 Barco Nv
12.5.1 Business Overview
12.5.2 Product And Service Offerings
12.5.3 Key Financial Summary
12.5.4 Strategic Growth Plans
12.6 Eizo Corporation
12.6.1 Business Overview
12.6.2 Product And Service Offerings
12.6.3 Key Financial Summary
12.6.4 Strategic Growth Plans
12.7 Lg Display Co. Ltd.
12.7.1 Business Overview
12.7.2 Product And Service Offerings
12.7.3 Key Financial Summary
12.7.4 Strategic Growth Plans
12.8 Advantech Co. Ltd.
12.8.1 Business Overview
12.8.2 Product And Service Offerings
12.8.3 Key Financial Summary
12.8.4 Strategic Growth Plans
12.9 Jusha Medical
12.9.1 Business Overview
12.9.2 Product And Service Offerings
12.9.3 Strategic Growth Plans
12.10 Jvckenwood Corporation
12.10.1 Business Overview
12.10.2 Product And Service Offerings
12.10.3 Key Financial Summary
12.10.4 Strategic Growth Plans

Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources And References
13.3 Related Reports
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