Growing Demand of Medical Displays in Medical Industry | Business is Expected to Reach $2.33 Billion by 2023

Growing adoption of hybrid ORs, short replacement cycle of medical displays, increasing preference for minimally invasive treatments, and rising number of Diagnostic Imaging centers are the major factors driving the growth of medical display market. However, market saturation and the increased adoption of refurbished medical displays are expected to restrain the growth of this market to a certain extent.

Medical Display Market: Impact Analysis

1. Medical Display Industry, By Application & Region
2. Medical Display Industry, Developing Countries vs Developed Countries
3. Growing Adoption of Hybrid Operating Rooms
4. Short Replacement Cycles of Medical Displays
5. Development of Healthcare Infrastructure in Emerging Markets

The medical display market was valued at USD 1.78 Billion in 2017 and is expected to reach USD 2.33 Billion by 2023, at a CAGR of 4.6%.

Key Questions Addressed in The Report:

1. Who are the top 10 players operating in the global Medical Display market?
2. What are the drivers, restraints, opportunities, and challenges in the Medical Display Industry?
3. What are the opportunities for stakeholders and provide details of the competitive landscape for key players?
4. What will be growth of Medical Display in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa?

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Medical Display Technology:

On the basis of technology, the LED-backlit LCD display segment accounted for the largest share of the global market in 2017. Long lifespan, better return on investment compared to CCFL, high-quality medical images, and the power efficiency offered by LED-backlit LCD are the major factors driving its adoption in the market.

Medical Display Color:

The color displays segment accounted for the largest share of the medical display market in 2017. Features such as high-quality images and multi-modality capability are driving the adoption of the color displays segment.

Applications of Medical Display:

The global market by application is segmented into diagnostic, surgical/interventional, dentistry, and other applications (clinical review, education, and conference and training). In 2017, the diagnostic application accounted for the largest share of the market.

North America and Europe to Dominate The Industry:

Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America accounted for the largest share of the medical display market, followed by Europe. North America’s large share in the global market is attributed to factors such as high adoption of advanced technologies such as OLED and hybrid operating rooms, increasing healthcare expenditure, favorable reimbursement policies, and increasing volume of diagnostic tests and surgeries.

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Key Players:

Prominent players in the healthcare 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).