Global Medical Display Market

Medical Display Market Size, Share, Growth Analysis, By Technology (LED-Backlit LCD Displays, CCFL-Backlit LCD Displays), By Panel Size, By Resolution, By Display Colour, By Application, By Region - Industry Forecast 2025-2032


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

Medical Display Market Dynamics

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.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global 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 NV ', 'EIZO Corporation ', 'Sony Electronics Inc. ', 'LG Electronics Inc. ', 'Siemens Healthineers ', 'BenQ Medical Technology ', 'Novanta Inc. (NDS Surgical Imaging) ', 'Stryker Corporation ', 'Double Black Imaging Corporation ', 'Axiomtek Co., Ltd. ', 'Dell Technologies Inc. ', 'Advantech Co., Ltd. ', 'Diva Laboratories, Ltd. ', 'Coje Co., Ltd. ', 'ALPINION Medical Systems ', 'Nanjing Jusha Commercial & Trading Co., Ltd. ', 'Steris Corporation ', 'Getinge AB ', 'ASUSTeK Computer Inc. ', 'Philips Healthcare '

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.   

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.  

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Medical Display Market

Report ID: SQMIG35G2148

$5,300
BUY NOW GET FREE SAMPLE