“Increase in number of medical establishments and rise in healthcare expenditure drive the growth of the global medical display market. The desktop segment dominated the market in 2018, contributing around 89% of the market. The market across the Asia-Pacific region held the largest share in 2018, accounting for more than one-fourth of the total market.”
The global medical display market accounted for $1.96 billion in 2018 and is projected to $2.85 billion by 2026, growing at a CAGR of 4.8% from 2019 to 2026.
Increase in number of medical establishments and rise in healthcare expenditure drive the growth of the global medical display market. Moreover, increase in geriatric populations, rise in demand for medical-aid and medical-aid and medical display devices supplement the market growth. However, higher costs associated with devices hinder the market growth. On the contrary, growth in demand for multimodality displays for radiology, increase in demand for various medical applications to get an in-depth view of ultrasound output and PET, and surge in demand for various diagnostic procedures such as ultrasound and X-ray are expected to create lucrative opportunities in the near future.
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The global medical display market is divided on the basis of device, panel size, resolution, application, and geography. Based on device, the market is divided into mobile, desktop, and all-in-one products. The desktop segment dominated the market in 2018, contributing around 89% of the market. However, the market is estimated to portray the fastest CAGR of 5.0% during the study period.
On the basis of panel size, the market is segmented into under-22.9-inch panels, 23.0–26.9-inch panels, 27.0–41.9-inch panels, and above-42-inch panels. Based on resolution, the market is categorized into up to 2 MP, 2.1-4 MP, 4.1-8 MP, and above 8 MP. The 8MP resolution segment is projected to manifest the fastest CAGR of 6.0% during the forecast period. However, the 2.1-4 MP segment held the largest share in 2018, contributing more than one-fourth of the market.
On the basis of resolution, the market is bifurcated into digital pathology, multi-modality, surgical, radiology, mammography, and other applications. The surgical segment is projected to portray the fastest CAGR of 5.7% during the forecast period. Moreover, the segment dominated the market in 2018, accounting for more than one-fourth of the market.
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Scope Of The Report
|Market size available for years||2019-2026|
|Base year considered||2020|
|Forecast units||Value (USD)|
|Segments covered||By Device, By Panel Size, By Resolution, By Application|
|Geographies covered||North America, Europe, Asia-Pacific, LAMEA|
The global medical display market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region held the largest share in 2018, accounting for more than one-fourth of the total market. Moreover, the region is expected to register the fastest CAGR of 5.5% during the forecast period.
The market report provides an in-depth analysis of the major market players such as ASUSTeK Computer Inc., Alpha Display, Barco NV, Axiomtek Co., Ltd., Dell Technologies Inc., BenQ Medical Technology, Coje CO., LTD., FSN Medical Technologies, Double Black Imaging Corporation, JVC Kenwood Holdings Inc., Hisense Medical, HP INC., Shenzhen Beacon Display Technology Co., Ltd., Nanjing Jusha Commercial & Trading Co, Ltd., Steris PLC, EIZO Corporation (EIZO), LG Display Co., Ltd., Sony Corporation, Novanta Inc. (Novanta), and Advantech Co., Ltd. (Advantech).
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