North America Medical Display Market 2021 is expected to hit at $1.51 billion by 2026, at CAGR of 5.2%
Pune, Maharashtra, India, February 17 2021 (Wiredrelease) Allied Analytics –:Growth in adoption of hybrid operating rooms, short replacement cycles of medical displays, and increase in preference for minimally invasive treatments fuel the growth of the North America and Europe medical display market. On the other hand, market saturation in developed countries and increasing adoption of refurbished medical displays restrain the growth to some extent. However, technological advancements in imaging techniques are expected to pave the way for a number of lucrative opportunities in the near future.
Allied Market Research recently published a report, titled, “North America and Europe Medical Display Market was estimated at $1.01 billion in 2018 and is expected to hit at $1.51 billion by 2026, registering a CAGR of 5.2% from 2019 to 2026. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.
North America and Europe Medical Display Market by Device (Mobile, Desktop, and All-in-one products), Panel Size (Under-22.9-inch Panels, 23.0–26.9-inch Panels, 27.0–41.9-inch Panels, and Above-42-inch Panels), Resolution (Up to 2 MP, 2.1-4 MP, 4.1-8 MP, and Above 8 MP), and Application (Digital Pathology, Multi-modality, Surgical, Radiology, Mammography, and Other Applications): Opportunity Analysis and Industry Forecast, 2019–2026
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The desktop segment to lead the trail during the study period-
Based on device, the desktop segment contributed to 89% of the total market revenue in 2018 and is expected to dominate throughout the forecast period. As the most widely used medical displays due to ease of usage and better compatibility, desktops have just become an inevitability in almost every surgical procedure. The same segment is also projected to grow at the fastest CAGR of 5.4% by 2026.
The surgical segment to rule the roost during the study period-
Based on application, the surgical segment held the major share in 2018, generating more than one-fourth of the total market. The same segment is also projected to register the fastest CAGR of 6.1% till 2026.
he U.S generated the largest share in 2018-
Based on geography, the U.S segment held the major share in 2018, contributing to nearly two-fifths of the total market. Availability of medical displays with high end configurations has spurred the growth of the segment. At the same time, Germany is predicted to showcase the fastest CAGR of 6.6% during 2019–2026.
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Frontrunners in the industry-
The key market players analyzed in the report include ASUSTeK Computer Inc., Axiomtek Co., Ltd., JVC Kenwood Holdings Inc., Barco NV, BenQ Medical Technology, Sony Corporation, Coje CO., LTD., Dell Technologies Inc., LG Display Co., Ltd., Novanta Inc. (Novanta), Advantech Co., Ltd. (Advantech), Shenzhen Beacon Display Technology Co., Ltd., Double Black Imaging Corporation, FSN Medical Technologies, EIZO Corporation (EIZO), Hisense Medical, HP INC., Nanjing Jusha Commercial & Trading Co, Ltd., Alpha Display, and Steris PLC.
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