What is the global market size of Medical Display Market?

Medical Display Market size was valued at USD 2.2 billion in 2021 and is poised to grow from USD 3.5 billion in 2022 to USD 5.62 billion by 2030, growing at a CAGR of 6.1% in the forecast period (2023-2030).

Who are the key vendors in the Global Medical Display Market?

The market players in the global medical display industry strive to differentiate themselves through the development and manufacturing of advanced display solutions that meet the specific requirements of healthcare professionals and medical facilities. These display solutions need to comply with stringent regulatory standards, including medical-grade certifications, to ensure accuracy, reliability, and safety in medical imaging and diagnostics. 'Barco (Belgium)', 'EIZO Corporation (Japan)', 'Sony Corporation (Japan)', 'LG Display Co., Ltd. (South Korea)', 'Novanta Inc. (US)', 'Siemens Healthineers AG (Germany)', 'Advantech Co., Ltd. (Taiwan)', 'FSN Medical Technologies (US)', 'NEC Display Solutions, Ltd. (Japan)', 'Philips Healthcare (Netherlands)', 'Accuray Incorporated (US)', 'JVC Kenwood Holdings Inc. (Japan)', 'AsusTek Computer Inc. (Taiwan)', 'Canon Inc. (Japan)', 'Dell Technologies Inc. (US)', 'Hisense Medical (China)', 'Hologic, Inc. (US)', 'Planar Systems, Inc. (US)', 'Toshiba Corporation (Japan)', 'ViewSonic Corporation (US)'.

What is the key driver of Global Medical Display Market?

The adoption of Picture Archiving and Communication Systems (PACS) is witnessing a significant increase on a global scale. PACS systems enable healthcare providers to electronically store, retrieve, and share medical images, resulting in improved efficiency and accessibility of patient data. This rise in PACS adoption is driving a corresponding increase in demand for medical displays that are specifically designed for viewing and interpreting the stored images.

What is the key market trend for Global Medical Display Market?

High Rate of Morbidity and Mortality: The global medical display market is experiencing growth due to various factors. One significant driver is the increasing prevalence of new diseases, leading to higher morbidity and mortality rates. This has created a greater demand for advanced diagnostic modalities to aid in early and accurate disease detection.

Which region accounted for the largest share in Global Medical Display Market?

North America held the largest market share in the global medical display market in 2022 and is further projected to continue so during the forecast period as well. The dominance of this region can be attributed to several factors. Firstly, North America has a well-established healthcare infrastructure with a high level of technological advancements. The region is known for its advanced healthcare facilities, cutting-edge medical research, and strong investments in healthcare IT systems. The presence of major medical display manufacturers and healthcare providers further contributes to the dominance of North America in the market.

Medical Display Market Size, Share, Growth Analysis, By Display Technology Type(LED - Backlit LCD Displays, CCFL - Backlit LCD Displays and OLED Displays.), By Application(Radiology, Mammography, Digital Pathology, Surgical and Dentistry.), By Panel Size(Under 22.9 inches, 23.0 - 26.9 inches, 27.0 - 41.9 inches and Above 42 inches.), By Resolution(Up to 2MP, 2.1 - 4MP, 4.1-8MP and Above 8MP), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35G2148 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 117 | Figures: 77

Medical Display Market Regional Insights

North America secures the top spot when it comes to global medical display demand. The presence of a developed healthcare infrastructure and high use of advanced diagnostic imaging technologies are key contributors to the dominance of this region. High healthcare expenditure coupled with the quick adoption of novel technologies allows the United States to emerge as the most opportune market for medical display companies in this region. Rising use of telemedicine and home healthcare in this region are also expected to favor the sales of medical display in the long run.

Asia-Pacific is expected to emerge as the fastest-expanding regional market for medical display companies in the world. The presence of key display manufacturers, growing healthcare expenditure, and rising digitization of the healthcare industry are some major factors that promote the demand for medical displays in this region. India, China, and Japan are estimated to be the most opportune markets for medical display suppliers operating in the Asia Pacific region. Growing prevalence of chronic diseases has led to a high demand for advanced diagnostics thereby promoting the use of advanced medical display for novel diagnostic imaging products.

Medical Display Market Report Snapshots

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Medical Display Market size was valued at USD 3.50 billion in 2022 and is poised to grow from USD 3.71 billion in 2023 to USD 5.96 billion by 2031, growing at a CAGR of 6.10% in the forecast period (2024-2031).

Medical display manufacturers should focus on launching new portable and mobile offerings to meet their increasing demand. Integration of advanced technologies such as artificial intelligence and machine learning to enhance productivity through medical displays will also offer good revenue generation opportunities in the future. Focusing on diagnostic imaging will be a common trend for almost all medical display companies across the forecast period and beyond. 'Barco (Belgium)', 'EIZO Corporation (Japan)', 'Sony Corporation (Japan)', 'LG Display Co., Ltd. (South Korea)', 'Novanta Inc. (US)', 'Siemens Healthineers AG (Germany)', 'Advantech Co., Ltd. (Taiwan)', 'FSN Medical Technologies (US)', 'NEC Display Solutions, Ltd. (Japan)', 'Philips Healthcare (Netherlands)', 'Accuray Incorporated (US)', 'JVC Kenwood Holdings Inc. (Japan)', 'AsusTek Computer Inc. (Taiwan)', 'Canon Inc. (Japan)', 'Dell Technologies Inc. (US)', 'Hisense Medical (China)', 'Hologic, Inc. (US)', 'Planar Systems, Inc. (US)', 'Toshiba Corporation (Japan)', 'ViewSonic Corporation (US)'

Most medical displays are projected to be used in diagnostic imaging products owing to their extensive increase in use around the world. Advancements in diagnostic imaging technologies and crucial role of medical displays in the smooth functioning of the same are expected to help market growth over the coming years.

Demand for Minimally Invasive Surgeries: Preference for minimally invasive procedures is increasing rapidly around the world and medical display companies can target this trend to maximize their business scope over the coming years. Developing specialized medical displays for use in minimally invasive surgeries to improve their efficacy can pay off big time for medical display providers in the long run.

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Medical Display Market Regional Insights

Medical Display Market Report Snapshots

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What is the global market size of Medical Display Market?

Who are the key vendors in the Medical Display Market?

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