The Medical Display Market Size was valued at USD 2.2 billion in 2023 and is expected to reach USD 3.27 billion by 2031, and grow at a CAGR of 5.1% over the forecast period 2024-2031.
Medical display technology is popular because it produces crisper, clearer, and sharper images with less noise, and it lasts longer than conventional displays. In several areas, like mammography, chest imaging, and bone imaging, it is regarded the gold standard. Homogeneity correction, which gives considerably more consistent brightness and colour over the whole display, is one of the technologies used in medical displays to address image accuracy.
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Medical displays are one of the quickest segments of the worldwide imaging market, thanks to technological advancements. The image display system's appropriate and repeatable performance is a critical component of information digital solutions in a modern radiology department. Medical imaging equipment have gained significance as a result of advances in imaging technology, an ageing population, changing epidemiological patterns, and changing patient care practice.
DRIVERS
Minimally invasive procedures are preferred.
Centers for Medical Imaging
RESTRAINT
High cost of Machinery
The ever-increasing demand for refurbished items
OPPORTUNITIES
Fast technological advancements
Patient safety and fewer incisions are on the rise.
The ever-increasing number of diagnostic and imaging centres
CHALLENGES
Lack of infrastructure in healthcare place
Lack of awareness
The COVID-19 outbreak had a wide range of effects on the medical display business. During the pandemic, significant operations were deferred to stay away from the transmission of the Covid. The rate of COVID-19 patients is increasing as the acute respiratory syndrome ( sars syndrome coronavirus 2 (SARS-CoV-2) spread. The circumstance exacerbated hospitalisation, bolstering the medical display market's growth.
By Device Type
Desktop, mobile, and all-in-one are the three market segments. Desktop medical displays are believed to be more ideal for viewing of various crucial procedures such as surgeries, diagnostics, and medical imaging, and are likely to continue to lead the market in 2021. Because of its growing uses in medical software imaging and electronic medical records, the all-in-one sector will overtake the desktop segment in terms of value over the research period (EMR)
By Panel Size Type
Up to 22.9-inch panels, 23.0-26.9-inch panels, 27.0–41.9-inch panels, and above 42-inch panels make up the world medical display industry. The market is likely to be led by the 27.0–41.9-inch panel segment, which is extensively used in radiology, computed tomography (CT), magnetic resonance imaging (MRI), and ultrasound.
By Resolution
The medical display market is divided into four segments: displays with resolutions of up to 2MP (megapixels), displays with resolutions of 2.1–4MP, displays with resolutions of 4.1–8MP, and displays with resolutions of more than 8MP. The 2.1–4MP resolution screens segment has reigned supreme in 2021, owing to its reasonable configuration, which is appropriate for surgical and diagnostic applications.
By Application Type
Digital pathology, multi-modality, surgical, radiology, mammography, and other segments comprise the medical display market. The multi-modality application category is expected to remain in second place in terms of value during the assessment period, as several modalities allow healthcare facilities to use medical displays for different departments based on their needs.
By Device Type
Desktop
Mobile
All-in-one
By Panel Size Type
Up to-22.9-inch panels
23.0–26.9-inch panels
27.0–41.9-inch panels
Above-42-inch panels
By Resolution
Up to 2MP
2.1 to 4MP
4.1 to 8MP
Above 8MP
By Application Type
Radiology
Multi-modality
Surgical
Mammography
Others
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa make up the Medical Display Market. North America had the best piece of the pie, while Europe had the second-biggest. The region currently has the world's largest economy and is expected to continue to be a major factor in the global economy for some time. This strength in North America's worldwide market position can be attributed to its domination in terms of exporting capabilities as well as dominance in a diverse market.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the Major Key Players are as follows: FSN Medical Technologies, Advantech, Steris, Siemens Healthineers AG, Barco NV, Eizo, Sony Electronics Inc., LG Electronics, HP Development & Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 2.2 Billion |
| Market Size by 2031 | US$ 3.27 Billion |
| CAGR | CAGR of 5.1% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Device Type (Desktop, Mobile, All-in-one) • By Panel Size Type (Up to-22.9-inch panels, 23.0–26.9-inch panels, 27.0–41.9-inch panels, Above-42-inch panels) • By Resolution (Up to 2MP, 2.1 to 4MP, 4.1 to 8MP, Above 8MP) • By Application Type (Digital pathology, Radiology, Multi-modality, Surgical, Mammography, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Philips Healthcare, Shanghai United Imaging Healthcare Co Ltd., Beijing Leadman Biochemistry Ltd., Hologic, Inc., Esaote SpA, Hitachi Medical Corporation, Barco, and other players. |
| DRIVERS | • Minimally invasive procedures are preferred. • Centers for Medical Imaging |
| RESTRAINTS | • High cost of Machinery • The ever-increasing demand for refurbished items |
Ans: The Medical Display Market size was valued at US$ 2.2 Bn in 2023.
The challenges faced by Medical Display is Lack of infrastructure in healthcare place, Lack of awareness.
The device type is divided into 3 sub segments is Desktop, Mobile, and All-in-one.
North America had the best piece of the pie, while Europe had the second-biggest.
Ans: The Medical Display Market is to grow at a CARR of 5.1% over the forecast period 2024-2031.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Medical Display Market Segmentation By Device Type
8.1 Desktop
8.2 Mobile
8.3 All-in-one
9. Medical Display Market Segmentation, By Panel Size Type
9.1 Up to-22.9-inch panels
9.2 23.0–26.9-inch panels
9.3 27.0–41.9-inch panels
9.4 Above-42-inch panels
10. Medical Display Market Segmentation, By Resolution
10.1 Up to 2MP
10.2 2.1 to 4MP
10.3 4.1 to 8MP
10.4 Above 8MP
11. Medical Display Market Segmentation, By Application Type
11.1 Digital pathology
11.2 Radiology
11.3 Multi-modality
11.4 Surgical
11.5 Mammography
11.6 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 FSN Medical Technologies
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Advantech
13.3 Steris
13.4 Siemens Healthineers AG
13.5 Barco NV
13.6 Eizo
13.7 Sony Electronics Inc.
13.8 LG Electronics
13.9 HP Development
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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