[199 Pages Report] The medical display market was valued at USD 1.78 Billion in 2017 and is expected to reach USD 2.33 Billion by 2023, at a CAGR of 4.6% during the forecast period. The base year considered for the study is 2017.

Objectives of the Study

To define, describe, segment, and forecast the global market by technology, panel size, resolution, display color, application, and region

To forecast the size of the medical display market in North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa

To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)

To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market

To analyze market opportunities for stakeholders and provide details of the competitive leadership mapping for key players

To profile key players in the market and comprehensively analyze their core competencies2 and market shares

To track and analyze competitive developments such as acquisitions; product launches; collaborations, partnerships, & agreements; and expansions in the market

Research Methodology

Top-down and bottom-up approaches were used to validate the size of the global medical display industry and estimate the size of other dependent submarkets. Various secondary sources such as directories, industry journals, databases such as Bloomberg Business, Factiva, and Dun & Bradstreet; white papers; annual reports; company house documents; and SEC filings of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market. The breakdown of profiles of primaries is shown in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

Prominent players in the Medical Display market are Barco (Belgium), EIZO (Japan), Sony (Japan), LG Display (South Korea), Novanta (US), FSN Medical (South Korea), Advantech (Taiwan), Quest International (US), STERIS (UK), Jusha Medical (China), Double Black Imaging (US), Dell (US), HP (US), Shenzhen Beacon Display (China), COJE Display (South Korea), and Axiomtek (Taiwan).

Target Audience

Raw material providers

Medical display panel manufacturers

Medical display-related service providers

Medical display-related associations, organizations, forums, and alliances

Government bodies, such as regulating authorities and policymakers

Venture capitalists and start-ups

Semiconductor component suppliers

Medical display panel and devices distributors and sales firms

Medical display devices end users

Research institutes, organizations, and consulting companies

Healthcare service providers

Medical display software and service providers

Business research and consulting firms

Scope of the Report

The research report categorizes the market into the following segments and subsegments:

Medical Display Market, by Technology

LED-backlit LCD Display

CCFL-backlit LCD Display

OLED Display

Medical Display Market, by Panel Size

Under 22.9 Inch Panels

23.0-26.9 Inch Panels

27.0-41.9 Inch Panels

Above 42 Inch Panels

Medical Display Market, by Resolution

Up to 2MP

2.1�4MP

4.1�8MP

Above 8MP

Medical Display Market, by Display Color

Color Display

Monochrome Display

Medical Display Market, by Application

Diagnostic

General Radiology

Mammography

Digital Pathology

Multi-modality

Surgical/ Interventional

Dentistry

Others

Medical Display Market, by Region

North America US Canada

Europe Germany UK France Rest of Europe

Asia Pacific Japan China India Rest of Asia Pacific

Latin America

Middle East & Africa

Available Customization

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix which gives a detailed comparison of the product portfolios of the top companies

Geographic Analysis

Further breakdown of the European market into Spain and Italy

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

The global medical display market is projected to reach USD 2.33 Billion by 2023 from USD 1.86 Billion in 2018, at a CAGR of 4.6%. Growing adoption of hybrid ORs, short replacement cycle of medical displays, increasing preference for minimally invasive treatments, and rising number of Diagnostic Imaging centers are the major factors driving the growth of the market. However, market saturation and the increased adoption of refurbished medical displays are expected to restrain the growth of this market to a certain extent.

The report analyzes the global market by technology, panel size, resolution, display color, application, and region. On the basis of technology, the LED-backlit LCD display segment accounted for the largest share of the global market in 2017. Long lifespan, better return on investment compared to CCFL, high-quality medical images, and the power efficiency offered by LED-backlit LCD are the major factors driving its adoption in the market.

Based on display color, the market is classified color displays and monochrome displays. The color displays segment accounted for the largest share of the medical display market in 2017. Features such as high-quality images and multi-modality capability are driving the adoption of the color displays segment.

The global market by application is segmented into diagnostic, surgical/interventional, dentistry, and other applications (clinical review, education, and conference and training). In 2017, the diagnostic application accounted for the largest share of the market.

Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America accounted for the largest share of the medical display market, followed by Europe. North America�s large share in the global market is attributed to factors such as high adoption of advanced technologies such as OLED and hybrid operating rooms, increasing healthcare expenditure, favorable reimbursement policies, and increasing volume of diagnostic tests and surgeries.

Prominent players in the healthcare market are Barco (Belgium), EIZO (Japan), Sony (Japan), LG Display (South Korea), Novanta US), FSN Medical (South Korea), Advantech (Taiwan), Quest International (US), STERIS (UK), Jusha Medical (China), Double Black Imaging (US), Dell (US), HP (US), Shenzhen Beacon Display (China), COJE Display (South Korea), and Axiomtek (Taiwan).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst