Medical Display Monitors Helping Diagnose and Treat Diseases
The growing cases of chronic illnesses, like cancer and cardiovascular diseases (CVD), have boosted the adoption of display monitors in hospitals, clinics, nursing homes, homecare settings, and nursing homes. According to the American Cancer Society, the U.S. will record around 608,570 cancer deaths and 1.9 million new cancer cases in 2021. In recent years, physicians have switched from cathode ray tube (CRT) monitors to flat-panel liquid crystal display (LCD) variants to diagnose chronic disorders, as LCDs are more compact, have a better contrast ratio, and offer more brightness than the former.
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Moreover, the surging awareness regarding display monitors and burgeoning investments in medical imaging device development will drive the medical display monitor market at a 4.9% CAGR during the forecast period (2018–2023).
Globally, North America adopts the highest number of medical display monitors due to the increasing shift toward minimally invasive surgeries (MISs) and growing cases of chronic disorders. For instance, the American Society of Plastic Surgery (ASPS) states that the U.S. recorded 16.3 million cosmetic MISs in 2019. Moreover, the U.S. Centers for Disease Control and Prevention (CDC) estimates that the country witnesses at least one CVD- related death every 36 seconds. Additionally, the huge healthcare spending in the U.S. will boost the installation of medical display screens in the future.
The Latin American (LATAM) medical display monitor market is expected to register the fastest growth throughout the forecast period. This can be owed to the widescale adoption of innovative diagnostic imaging technologies and booming population of the elderly. According to a 2017 report of the United Nations Department of Economic and Social Affairs (UNDESA), the population of individuals aged 65 years and above in Brazil is projected to reach around 58 million by 2050. The aged population is more susceptible to chronic diseases, which require medical imaging devices during diagnostic, screening, and surgical processes.
Thus, the increasing prevalence of life-threatening diseases and improving healthcare infrastructure will boost the integration of medical display monitors in surgical and diagnostic settings.