Medical Display Market is segmented By Device (Desktop, Mobile, All-in-one), By Panel Size (27.0–41.9-inch panels, Up to-22.9-inch panels, 23.0–26.9-inch panels, Above-42-inch panels), By Application (Multi-modality, Digital pathology, Surgical, Radiology, Mammography, Others), By Resolution (2.1 to 4MP, Up to 2MP, 4.1 to 8MP, Above 8MP), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Medical Display Market Report Summary
The medical display market report analyses the size, shares, recent trends, competitive intelligence, and future market outlook. Medical display usage in medical imaging is on the rise. Demand for minimally invasive treatments in the USA is spiking. The competitive rivalry intensifies with ASUSTeK Computer Inc.; Axiomtek Co., and others active in the market.
A medical display is a monitor that meets the high demands of medical imaging. It usually comes with special image-enhancing technologies to ensure consistent brightness over the lifetime of the display, noise-free images, ergonomic reading, and automated compliance with digital imaging and communications in medicine (DICOM) and other medical standards.
Medical Display Market Scope and Summary
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Metrics |
Details |
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Market CAGR |
5.3% |
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Segments Covered |
By Device, By Panel Size, By Application, By Resolution, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Medical Display Market Dynamics and Trends
The medical display market growth is driven by the increasing prevalence of chronic diseases, rising adoption of hybrid operating room (OR) technologies, growing demand for minimally invasive treatments, and short replacement cycle of medical display technologies are the key factors driving the market growth.
The rising adoption of hybrid operating room (OR) technologies, is expected to drive growth in the forecast period
Hybrid OR technologies allow physicians to perform activities using a real-time image guidance system and ascertain the procedure's effectiveness. In November 2017, the Getinge Group, a medical technology provider, installed its 1,000th hybrid OR. In addition, advancements in hybrid OR technologies, such as wireless C-arm, surgical robots, and electrosurgical technologies, are expected to create a more efficient work environment for surgeons and back the growth of the medical display monitor market in the coming years.
Increasing adoption of refurbished medical displays is likely to hinder the market growth
Downward pricing pressure owing to its commodity nature and the increase in the number of refurbished medical display adoptions are restraining the growth of the medical display market.
COVID-19 Impact on Medical Display Market Growth
COVID-19 is an infectious disease that originated in the Hubei province of Wuhan city in China in late December. However, the COVID-19 pandemic continues to transform the growth of various industries, and the immediate impact of the outbreak is varied. For example, the increase in the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) induced respiratory failure leading to COVID-19 disease has increased hospitalization and thereby supported the market growth globally.
On the other hand, imposing new government rules and the lockdown has disrupted the supply chain of medical devices, including medical displays. Thus, it resulted in a decrease in the manufacturing and operations of medical displays. Further, after mid-2020, various COVID-19 awareness initiatives were organized and promoted by a few market players to help COVID-19 patients, which has increased the adoption of monitors/displays in hospitals.
Medical Display Market Segment and Shares
The desktop segment is expected to hold the largest share in this market segment
Desktop medical displays are more suitable for visualization of some critical procedures such as surgeries, diagnostics, and medical imaging. This segment accounts for the major share owing to high image quality and ease of image analysis. Additionally, the desktop display provides an easy connection with the endoscopic cameras, imaging, and radiology equipment to visualize medical procedures is another factor supporting the segmental market value.
The 27.0–41.9-inch panels segment is expected to hold the largest share in this market segment
The 27.0–41.9-inch panel segment is expected to lead the market as these are commonly used in radiology, computerized tomography (CT), magnetic resonance imaging (MRI), and ultrasound.
The 2.1–4MP resolution displays segment is expected to hold the largest share in this market segment
The decent configuration suitable for surgical and diagnostic applications, the 2.1–4MP resolution displays segment has witnessed supremacy. This can be attributed to the fact that these monitors provide better-quality images than other monitors for various surgical and diagnostic purposes.
The multi-modality segment is expected to hold the largest share in this market segment
The multi-modality application segment is anticipated to hold the second position throughout the assessment period in terms of value as multiple modalities enable flexibility for healthcare facilities to use medical displays for different departments according to their needs.
Medical Display Market Geographical Analysis
North American region holds the largest market share of the global medical display market
North America is expected to gain significant traction due to advancements in technologies such as the adoption of organic light-emitting diode (OLED) in medical treatments amongst various hospitals and the presence of major market players such as Novanta Inc., Quest International, Double Black Imaging, and Dell Inc. drive the growth of the market. The market growth in the region is mainly due to the rising preference for minimally invasive surgeries, advanced healthcare infrastructure, and the increasing prevalence of chronic diseases. According to the American Society of Plastic Surgery (ASPS), 17.5 million surgical and minimally invasive cosmetic procedures were performed in the U.S. in 2017.
The National Health Expenditure Account (NHEA) reported that healthcare spending in the U.S. reached $3.3 trillion in 2016 and accounted for 17.6% of the GDP. Thus, rising healthcare spending is increasing the affordability of the diagnosis and treatment of diseases, which, in turn, is contributing to the growth of the medical display market in the region.
Medical Display Companies and Competitive Landscape
The global medical display market is highly competitive with the presence of global companies. Some of the key players which are contributing to the growth of the 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; EIZO Corporation; and Novanta Inc. (NDS Surgical Imaging). The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the market globally. For instance, In June 2017, LG Display Co. Ltd. launched a 77-inch flexible and transparent OLED display. It is a large-sized OLED display with a UHD resolution of 3840 x 2160 with 40% transparency and an 80 mm radius of curvature.
Medical Display Market Key Companies to Watch
EIZO Corporation
Overview: Eizo Nanao Corporation was founded as Hakui Electric Corporation in the quiet city of Hakui, Japan. EIZO began as an original equipment manufacturer (OEM) of black and white televisions. EIZO is one of the leading healthcare display brands worldwide. EIZO diagnostic displays and medical monitors are at the forefront of medical imaging technology. Their medical monitors and medical display solutions address imaging needs, including mammography displays, PACS displays, tomosynthesis displays, endoscopy, x-ray, ultrasound, or sectional imaging, and provide a critical part of the diagnostic chain.
Product Portfolio: The Company’s portfolio comprised of includes Business Enterprise, Graphics, Color Management, Medical displays, Channel Sales/Other Products, and Air Traffic Control (ATC).