Medical Display Market worth USD 3,194.7 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Medical Display Market by Device (Mobile, Desktop, and All-in-one), by Panel Size (Up to 22.9-inch Panels, 23.0–26.9-inch Panels, 27.0–41.9-inch Pane, and Above 42-inch Panels), by Resolution (Up to 2MP Resolution Displays, 2.1–4MP Resolution Displays, 4.1–8MP Resolution Displays, and Above 8MP Resolution Displays), by Application (Digital Pathology, Multi-modality, Surgical, Radiology, Mammography, and Others), by Region – Global Share and Forecast to 2027". The global medical display market size is expected to grow from USD 2,288.8 million in 2020 to USD 3,194.7 million by 2027, at a CAGR of 4.9% during the forecast period. The length of the replacement cycle results in recurring demand for a device. According to the data published by North Western University, the useful life of a medical display is approximately 3 to 5 years. Thus, there is a need to replace these medical display monitors in the hospitals, operating rooms, and specialty clinics, driving the demand for medical display devices across the regions. The outcome of a minimally invasive procedure depends highly on the imaging chain, as the medical professionals rely on indirect visualization during the entire surgery. In addition, the image quality is determined by the image sensor, the processing unit, and the display. Thus, several clinical specialties have adopted these minimally invasive surgeries, including cardiovascular therapies, ear & throat surgery, obstetrics, gynecology, and neurosurgery.

Global Medical Display Market Segmentation

The medical display market has been segmented into device, panel size, resolution, application, and region.

• By Device (Mobile, Desktop, and All-in-one)
• By Panel Size (Up to 22.9-inch Panels, 23.0–26.9-inch Panels, 27.0–41.9-inch Pane, and Above 42-inch Panels)
• By Resolution (Up to 2MP Resolution Displays, 2.1–4MP Resolution Displays, 4.1–8MP Resolution Displays, and Above 8MP Resolution Displays)
• By Application (Multi-modality, Surgical, Radiology, Digital Pathology, Mammography, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

27.0–41.9-inch panel, by panel size, is estimated to hold the largest market share during the forecast period

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 panels, and above 42-inch panels. The 27.0–41.9-inch panel segment is expected to dominate the market owing to its suitability for a wide range of applications that include surgical and diagnostics.

27.0–41.9-inch panels are medium-sized medical displays commonly used in radiology, computerized tomography (CT), magnetic resonance imaging (MRI), and ultrasound. Available in monochrome and color variants, these displays are also effective for surgical applications. LMD-3251MT (Sony Corporation), JUSHA-C61 (Nanjing Jusha Display Technology), Barco Coronis MDCC-6430 (Barco) are some of the commercially available products.

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The Asia Pacific accounts for the largest market share in the medical display market 2020

Based on the regions, the global medical display market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the highest market share of 29.7% in the global medical display market and was anticipated to maintain its dominance throughout the forecast period. Corrections in the inverted duty structure to boost domestic manufacturing of medical display devices and clarifications of standards for medical display devices have particularly for detecting diseases in the early stages to prevent the higher costs further, have resulted in a rise in demand for advanced surgical display devices in the emerging countries such as China and India. In addition, campaigns such as "Make in India" boost the domestic manufacturing of medical display devices in India. Other favorable initiatives like exemption from Phase I clinical trials for medical devices are expected to drive medical display devices in the Asia-Pacific region.

Moreover, according to United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in 2016, approximately 12.4%of the population in the region was 60 years or older, but this is projected to increase to more than a quarter or 1.3 billion individuals by 2050. There are, however, variations across the region. The medical needs in Asia-Pacific are vast and spread across different countries, cultures, and development levels. Healthcare spending in the region is growing, driven primarily by the increase in income levels.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the medical display market. It also consists of leading companies such as Axiomtek Co., Ltd, Barco Nv, Benq Medical Technology, Coje Co., Ltd, Dell Technologies Inc, FSN Medical Technologies, Asustek Computer Inc, Diva Laboratories. Ltd, Double Black Imaging Corporation, Eizo Corporation, Sony Corporation, and Novanta Inc. (Nds Surgical Imaging).

Browse complete report: https://www.marketstatsville.com/medical-display-market

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