The latest report by IMARC Group, titled “Medical Display Market Report by Device (Mobile, Desktop, All-in-one), Panel Size (Up to-22.9-inch, 23.0–26.9-inch, 27.0–41.9-inch, Above-42-inch), Resolution (Up to 2MP, 2.1 to 4MP, 4.1 to 8MP, Above 8MP), Technology (Light Emitting Diode (LED), Backlit Liquid Crystal Display, Organic Light Emitting Diode (OLED) Display, Cold Cathode Fluorescent Light (CCFL), and Others), Application (Digital Pathology, Multi-modality, Surgical, Radiology, Mammography, and Others), End User (Hospitals, Diagnostic Centres, Community Healthcare), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the medical display market size.

What is the outlook for the global medical display market?

The global medical display market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.

Factors Driving Growth in the Medical Display Industry:

• Rising Prevalence of Chronic Diseases:

The global upsurge in chronic diseases, such as cardiovascular conditions, cancer, and diabetes, is a significant driver of market expansion. Advanced diagnostic imaging for early detection and continuous monitoring is essential for managing these conditions effectively. Consequently, there is an escalating demand for sophisticated medical imaging equipment, including high-quality medical displays. These displays play a pivotal role in accurately interpreting medical images, supporting precise treatment planning and monitoring. As the global population ages and chronic diseases become more prevalent, the need for advanced diagnostic imaging and high-quality medical displays is expected to grow, further fueling market expansion.

• Technological Advancements:

Rapid advancements in display technologies are significantly propelling market growth. Modern medical displays integrate high-definition, 4K resolution, and OLED technology, yielding sharper, more precise images crucial for diagnostics and treatment planning. The enhanced resolution and color accuracy improve the visualization of intricate medical images, such as MRI scans, X-rays, and ultrasound images, aiding in more accurate diagnoses. These advanced displays are designed to meet stringent medical imaging requirements, offering consistency in luminance and improved contrast ratios, which are vital for detecting subtle nuances in medical images. The increasing complexity of medical procedures drives the demand for high-quality displays, making technological advancements a key growth factor in the medical display market.

• Expanding Remote Monitoring:

The proliferation of telemedicine and remote monitoring services stands as a significant driver for market expansion. The COVID-19 pandemic accelerated the adoption of telehealth services, necessitating the use of high-quality medical displays for remote consultations and diagnosis. Medical displays are imperative in telemedicine setups for clear visualization of patient data and images, ensuring accurate diagnosis and effective patient care from a distance. Additionally, the trend towards remote patient monitoring in chronic disease management requires reliable medical displays for constant monitoring of patient health data. As telemedicine becomes increasingly prevalent, the demand for specialized medical displays is anticipated to rise, contributing to market growth.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

• Advantech Co. Ltd.
• Axiomtek Co. Ltd.
• Barco NV
• BenQ Medical Technology
• Dell Technologies Inc.
• EIZO Corporation
• LG Electronics Inc.
• Novanta Inc.
• Siemens AG
• Sony Corporation
• Steris Corporation

Medical Display Market Report Segmentation:

By Device:

• Mobile
• Desktop
• All-in-one

Desktop hold the largest position in the market as they offer superior image quality and color accuracy, making them essential for medical professionals.

By Panel Size:

• Up to-22.9-inch
• 0–26.9-inch
• 0–41.9-inch
• Above-42-inch

27.0–41.9-inch holds the largest market share as medical professionals can view images, such as X-rays, MRIs, and CT scans, with greater detail, which is crucial for accurate diagnosis and treatment planning.

By Resolution:

• Up to 2MP
• 1 to 4MP
• 1 to 8MP
• Above 8MP

2.1 to 4 MP accounts for the largest market share as this pixel range provides the level of detail required for accurate diagnosis and treatment planning, making them a preferred choice for healthcare professionals.

By Technology:

• Light Emitting Diode (LED)
• Backlit Liquid Crystal Display
• Organic Light Emitting Diode (OLED) Display
• Cold Cathode Fluorescent Light (CCFL)
• Others

Based on technology, the market is divided into light emitting diode (LED), backlit liquid crystal display, organic light emitting diode (OLED) display, cold cathode fluorescent light (CCFL), and others.

By Application:

• Digital Pathology
• Multi-modality
• Surgical
• Radiology
• Mammography
• Others

On the basis of application, the market is classified into digital pathology, multi-modality, surgical, radiology, mammography, and others.

By End User:

• Hospitals
• Diagnostic Centres
• Community Healthcare

Diagnostic centres dominate the market as they use high-resolution medical displays to provide accurate and detailed images to physicians for diagnosis and treatment planning.

By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific leads the market due to increased healthcare spending and investments in advanced medical technologies, including medical displays.

Medical Display Market Trends:

• Integration of AI and ML: The integration of AI and ML into medical display technology is a burgeoning trend, facilitating enhanced image analysis for quicker and more accurate diagnoses. AI algorithms assist in detecting abnormalities in medical images, boosting the efficiency of radiologists and other healthcare professionals. As AI and ML technologies continue to evolve, their increased integration into medical displays is expected to become more prevalent, emerging as a leading trend in the market.
• Adoption of Wireless and Mobile Medical Displays: There is a growing trend towards the adoption of wireless and mobile medical displays, allowing for enhanced flexibility and mobility within medical facilities. These technologies enable healthcare providers to access patient data and medical images anywhere, particularly crucial in emergency situations and bedside consultations. The rise of mobile health (mHealth) applications and portable diagnostic devices is expected to further fuel this trend, shaping the landscape of the medical display industry.

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