Medical Display Market by Technology (LED, OLED) Panel Size (≤22.9”, 27.0-41.9”, ≥42”) Resolution (≤2MP, 4.1-8MP, ≥8MP), Application (Radiology, Mammography, Digital Pathology, Multi-modality, Surgical), & Display color - Global Forecast to 2023
“The global medical display market projected to grow at a CAGR of 4.6%.”
The medical display market is expected to reach USD 2.33 billion by 2023 from an estimated USD 1.86 billion in 2018, at a CAGR of 4.6%.
High adoption of hybrid operating rooms, increasing preference for display assisted minimally invasive surgeries, shorter replacement cycles, rise in the number of diagnostic imaging clinics, development in healthcare infrastructure in emerging countries, and technological advancements are factors driving the medical display market. However, market saturation in matured markets and the increasing adoption of refurbished and consumer-grade displays may hinder the adoption of these solutions among healthcare providers to a certain extent.
“The OLED display segment is expected to register the highest CAGR during the forecast period.”
On the basis of technology, the medical display market is segmented into LED-backlit LCD display, CCFL-backlit LCD display and OLED displays. The OLED displays segment is expected to register the highest CAGR during the forecast period. The high growth in this segment is attributed to the fact that OLED technology is more technologically advanced than LED-backlit LCD displays and produces more vivid and high-quality images.
“Diagnostic application is expected to grow at the highest CAGR from 2018 to 2023.”
Based on application, the medical display market is segmented into diagnostic, surgical/ interventional, dentistry and other applications (clinical review, education and conferencing & training). The surgical/ interventional segment is expected to grow at the highest CAGR during the forecast period. Factors such as increasing preference for minimally invasive surgeries and the high adoption of hybrid operating room displays are the key driving factors of this market segment.
“Latin America is projected to witness the highest growth during the forecast period.”
North America held the largest share of the global medical display market in 2017. On the other hand, Latin America is expected to witness the highest CAGR during the forecast period. Factors such as government incentive programs, hospital building projects, rapid transition to digital technology are driving the Latin American market.
Break of primary participants was as mentioned below:
• By Company Type – Tier 1–38%, Tier 2–27% and Tier 3–35%
• By Designation – C-level–28%, Director Level–42%, Others–30%
• By Region – North America–36%, Europe–24%, Asia Pacific–17%, Rest of the World–23%
Prominent players in the healthcare medical display market are Barco (Belgium), EIZO (Japan), Sony (Japan), LG Display (South Korea), Novanta (US), FSN Medical (South Korea), Advantech (Taiwan), Quest International (US), STERIS (UK), Jusha Medical (China), Double Black Imaging (US), Dell (US), HP (US), Shenzhen Beacon Display (China), COJE Display (South Korea), and Axiomtek (Taiwan).
The report analyzes the various medical displays and their adoption patterns. It aims at estimating the market size and future growth potential of the global medical display market for different segments such as technology, panel size, resolution, display color, application, and region. The report also includes an in-depth competitive analysis of key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market, which in turn could help them garner a greater market share.
This report provides insights on the following pointers:
Market Penetration: Comprehensive information on product portfolios offered by the top players in the global medical display market. The report analyzes the global medical display market by technology, panel size, resolution, display color, application, and region
Product Development/Innovation: Detailed insights on upcoming trends and product launches in the global medical display market
Market Development: Comprehensive information on the lucrative emerging regions by technology, panel size, resolution, display color, and application
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global medical display market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and products of leading players in the global medical display market
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