The global medical display market was valued at $2,052.77 million in 2019, and is projected to reach $3,194.72 million by 2027, registering a CAGR of 4.90% from 2020 to 2027.
Medical-grade displays feature an array of technologies, which address image accuracy, including uniformity correction, thereby providing consistent brightness and color across the full display. Medical-grade displays have higher luminance, provide extended warranties, and calibrate to Digital Imaging and Communications in Medicine (DicOM) standards.
The growth of the global medical display market is majorly driven by growth in the adoption of hybrid operating rooms, short replacement cycles of medical displays, and increase in preference for minimally invasive treatments. The need for ultra-high-resolution imaging and multimodality monitors in hospitals and diagnostic centers for surgeries creates new opportunities for the medical display market in the near future. Recent advances in the medical imaging techniques such as 3D technology, open and portable MRIs, digital mammography, and AI are expected to offer remunerative opportunities for major players.
On the contrary, increase in the adoption of refurbished medical displays and adoption of consumer-grade displays are the factors anticipated to restrain the market growth during the forecast period. The consumer-grade displays have specific functions making them option for hospitals and clinics, where consumers like features such as low configurations with respect to resolution, or compatibility with various modalities are required. Consumer displays have a glossy finish, thus can be beneficial in low light settings and windows, preventing distraction.
On the basis of device, the global medical display market is categorized into desktop, mobile, and all-in-one.
By panel size, the global medical display market is segmented into up to 22.9-inch panels, 23.0-26.9-inch panels, 27.0-41.9-inch panel, and above 42-inch panels.
By resolution, the global medical display market is classified into up to 2MP (megapixel) resolution displays, 2.1-4MP resolution displays, 4.1-8MP resolution displays, and above 8MP resolution displays.
On the basis of application, the global medical display market is classified into the digital pathology, multi-modality, surgical, radiology, mammography, and others.
On a regional level, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific medical display market accounted for the largest share in 2019 and is projected to grow with the highest CAGR of 5.70% during the forecast period.
Competitive rivalry in the global medical display market was observed at a high level as major players have focused on the adoption of growth strategies such as, product launches, mergers and acquisitions (M&As), product developments, partnerships, and distributor agreements to strengthen their foothold in the competitive market. The key players operating in the global medical display market include ASUSTeK Computer Inc., Axiomtek Co., Ltd., Barco, BenQ Medical Technology, COJE Co. Ltd., Dell Inc., Double Black Imaging, FSN Medical Technologies, Sony Corporation, DIVA Laboratories. Ltd., EIZO Corporation, and Novanta Inc. (NDS Surgical Imaging).
Key Benefits for Stakeholders
Key Market Segments
By Device
By Panel Size
By Resolution
By Application
By Region
Medical-grade displays feature an array of technologies, which address image accuracy, including uniformity correction, thereby providing consistent brightness and color across the full display. Medical-grade displays have higher luminance, provide extended warranties, and calibrate to Digital Imaging and Communications in Medicine (DicOM) standards.
The growth of the global medical display market is majorly driven by growth in the adoption of hybrid operating rooms, short replacement cycles of medical displays, and increase in preference for minimally invasive treatments. The need for ultra-high-resolution imaging and multimodality monitors in hospitals and diagnostic centers for surgeries creates new opportunities for the medical display market in the near future. Recent advances in the medical imaging techniques such as 3D technology, open and portable MRIs, digital mammography, and AI are expected to offer remunerative opportunities for major players.
On the contrary, increase in the adoption of refurbished medical displays and adoption of consumer-grade displays are the factors anticipated to restrain the market growth during the forecast period. The consumer-grade displays have specific functions making them option for hospitals and clinics, where consumers like features such as low configurations with respect to resolution, or compatibility with various modalities are required. Consumer displays have a glossy finish, thus can be beneficial in low light settings and windows, preventing distraction.
On the basis of device, the global medical display market is categorized into desktop, mobile, and all-in-one.
By panel size, the global medical display market is segmented into up to 22.9-inch panels, 23.0-26.9-inch panels, 27.0-41.9-inch panel, and above 42-inch panels.
By resolution, the global medical display market is classified into up to 2MP (megapixel) resolution displays, 2.1-4MP resolution displays, 4.1-8MP resolution displays, and above 8MP resolution displays.
On the basis of application, the global medical display market is classified into the digital pathology, multi-modality, surgical, radiology, mammography, and others.
On a regional level, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific medical display market accounted for the largest share in 2019 and is projected to grow with the highest CAGR of 5.70% during the forecast period.
Competitive rivalry in the global medical display market was observed at a high level as major players have focused on the adoption of growth strategies such as, product launches, mergers and acquisitions (M&As), product developments, partnerships, and distributor agreements to strengthen their foothold in the competitive market. The key players operating in the global medical display market include ASUSTeK Computer Inc., Axiomtek Co., Ltd., Barco, BenQ Medical Technology, COJE Co. Ltd., Dell Inc., Double Black Imaging, FSN Medical Technologies, Sony Corporation, DIVA Laboratories. Ltd., EIZO Corporation, and Novanta Inc. (NDS Surgical Imaging).
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the global medical display market size along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers market analysis from 2020 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis of the region assists to understand the regional market and facilitate the strategic business planning and determine prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global medical display market growth.
Key Market Segments
By Device
- Mobile
- Desktop
- All-in-one
By Panel Size
- Up to 22.9
- 23.0 to 26.9
- 27.0 to 41.9
- Above 42
By Resolution
- Up to 2MP
- 2.1 to 4MP
- 4.1 to 8MP
- Above 8MP
By Application
- Digital Pathology
- Multi-modality
- Surgical
- Radiology
- Mammography
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- ASUSTeK Computer Inc.
- Axiomtek Co., Ltd.
- Barco
- BenQ Medical Technology
- COJE Co. Ltd.
- Dell Inc.
- Double Black Imaging
- FSN Medical Technologies
- Sony Corporation
- DIVA Laboratories. Ltd.
- EIZO Corporation
- Novanta Inc. (NDS Surgical Imaging)
- LG Display
- Jusha Medical
- Advantech Co., Ltd.
- Nanjing Jusha Commercial &Trading Co Ltd.
- Quest International
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL MEDicAL DISPLAY MARKET, BY DEVicE
CHAPTER 5: GLOBAL MEDicAL DISPLAY MARKET, BY PANEL SIZE
CHAPTER 6: GLOBAL MEDicAL DISPLAY MARKET, BY RESOLUTION
CHAPTER 7: GLOBAL MEDicAL DISPLAY MARKET, BY APPLICATION
CHAPTER 8: GLOBAL MEDicAL DISPLAY MARKET, BY REGION
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 268 |
| Published | December 2020 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 2052.77 million |
| Forecasted Market Value ( USD | $ 3194.72 million |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
