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 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).

The market players in the 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)'

The adoption of Picture Archiving and Communication Systems (PACS) is witnessing a significant increase on a 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.

High Rate of Morbidity and Mortality: The 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.

North America held the largest market share in the 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.