SEATTLE, March 18, 2021, (MEDGADGET) — Monochrome Medical Monitors Offer High Resolution and are More Efficient than Color Monitors
In medicine, monitoring is the observation of a disease or condition or one or several medical parameters over the time. Medical monitors have in practice for a while in the healthcare sector with device being updated many times. Monochrome medical monitors display image of a single color, however, in varied shades. These colors may include green, white or amber screens. Cathode Ray Tube (CRT) technology is the first ever technology used for monochrome displays. LCD and LED are the more preferred technologies used in most monitors available in the market. In the recent past, clinicians have shifted from CRT displays to LCD displays for medical imaging. LCD monitors offer higher resolution as compared to color monitors and are more efficient in displaying image. Monochrome medical monitors are widely preferred by healthcare professionals for application in diagnostic radiology due to its higher luminance. The monitors are connected to a picture archiving and communication system (PACS) workstation for image display. Monochrome medical monitors are considered to be highly efficient in delivering imaging solutions in the field of diagnostics, radiology, and surgery, among others.
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Market Dynamics- Drivers
Increasing number of surgeries and diagnostic tests driving market growth
Increasing prevalence of chronic diseases such as diabetes, stroke, asthma, and obesity, which leads to increasing number of surgical procedures is expected to drive growth of the global monochrome medical monitor market during the forecast period. According to the American Society of Plastic Surgeons, 1.7 million cosmetic surgeries were performed worldwide in 2015, which is an increase of 2% as compared to 2014. Moreover, increasing number of diagnostic tests and growing awareness among people regarding early diagnosis and treatment of diseases is expected to drive the global monochrome medical monitor market over the forecast period.
Market Dynamics- Restraints
High cost associated with monochrome medical monitors due to their high resolution is expected to restrain growth of the global monochrome medical monitor market in the near future.
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Global Monochrome Medical Monitor Market Taxonomy
Global monochrome medical monitor market is segmented on the basis of product type, application, end use, and region. On the basis of product type, monochrome medical monitor market is classified as Cathode Ray Tube (CRT) monitors, LCD monitors, and LED monitors. LCD monitors are the commonly available monochrome medical monitors, owing to high resolution image quality. On the basis of application, the market is segmented into diagnostic display, surgical display, radiology display, clinical review displays, and others. On the basis of end use, monochrome medical monitor market is segmented into hospitals, clinics, diagnostic centers, pathology labs, and others. Geographically, the monochrome medical monitor market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Regional Insights
North America is the Largest Market for Monochrome Medical Monitors
Among regions, North America holds the largest market share in the global monochrome medical monitors. This is owing to high adoption of advanced technology in the region. Countries such as the U.S. are increasing their healthcare expenditure, which is expected to further improve the infrastructure in hospitals and other medical facilities. Moreover, favorable reimbursement policies such as Medicare and Medicaid Services has led to greater penetration of monochrome medical monitors in North American region. Furthermore, Asia Pacific is expected to witness significant growth during the forecast period, owing to rising awareness among the populace and increasing healthcare spending in the region. Various proactive healthcare initiatives by governments, especially in emerging economies, to educate and train the healthcare professionals to provide improved healthcare services is in turn fueling adoption of these monitors. Hence, immense opportunity lies in this region for the key players to cater to unmet needs of the target population. Moreover, Europe is expected to witness rapid growth during the forecast period, in order to cater to vast target population demanding for such devices.
Competitive Landscape
Barco and Eizo Corporation are some of the Key Players in the Global Monochrome Medical Monitor Market
Major companies operating in the global monochrome medical monitor market are Ampronix Inc., Barco N.V., Eizo Corporation, KOSTEC CO., LTD., JVCKENWOOD Corporation, Richardson Electronics, Ltd., and NEC Display Solutions among others. Development of innovative products is fueling monochrome medical monitor market growth. For instance, in September 2010, Eizo Corporation launched 29.8-inch RadiForce RX430 at RSNA 2010, which is capable of displaying monochrome as well as color images simultaneously.
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Key Developments
Product developments by market players and approvals by regulatory authorities is expected to facilitate growth of the monochrome medical monitor market. For instance, in September 2018, EIZO Corporation’s RadiForce GX560 5 Megapixel Monochrome Medical Monitor received the 510(k) Clearance from the U.S. Food and Drug Administration for Breast Tomosynthesis and Digital Mammography.
Moreover, key players are focused on continuous innovations in order to expand their product portfolio and position in the market. For instance, in September 2018, Ampronix Inc. announced the extension of its Medical Grade Printer portfolio with the Sony UP-X898MD and Sony UP-DR80MD/WU printing technology.
In March 2019, EIZO Corporation announced the release of 2 megapixel color medical monitor, RadiForce MX216, which will have application in viewing medical charts, and monochrome and color medical images.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- PEST Analysis
- Market Dynamics
- Global Monochrome Medical Monitor – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Safety Syringes for COIVD-19 Vaccines
- Global Monochrome Medical Monitor Market, By Product Type, 2016 – 2027, (US$ Mn)
- Global Monochrome Medical Monitor Market, By Application, 2016 – 2027, (US$ Mn)
- Global Monochrome Medical Monitor Market, By End User, 2016 – 2027, (US$ Mn)
- Global Monochrome Medical Monitor Market, By Region, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2027
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
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