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

Medical Display Market Drivers

Rising Use of Diagnostic Imaging 

• 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.  

Rise of Telemedicine and Teleconsultation 

• Rapid digitization of the healthcare industry has led to a major upsurge in demand for telemedicine and teleconsultation around the world. Medical displays play a vital role in the proper functioning of the aforementioned trends as they utilize advanced digital medical devices thereby driving medical display market growth as well. 

Restraints 

High Cost of Advanced Displays 

• While medical displays are becoming an integral part of the healthcare infrastructure, the use of advanced medical displays is still limited to organizations with high spending potential. Advanced medical displays are equipped with novel technologies that result in high costs of these displays and make them inaccessible to organizations with limited budgets.  

Technological Obsolescence  

• Display technologies are advancing at a rapid pace, and this has been rendering multiple old display technologies useless very fast. This rapid technological obsolescence is projected to hamper the sales of medical displays as continuously upgrading displays is not possible for all healthcare organizations especially for the ones with limited spending potential.