Medical Display Market By Technology, Type, Size and is Expected to Reach The Value of USD 1,113.11 Million by 2029
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The finest Medical Display Market survey report work with respect to opportunities, challenges, drivers, market structures, and competitive landscape for the clients. The report is a complete overview of the market, covering various aspects including product definition, market segmentation based on various parameters, and the prevailing vendor landscape. The report is helpful to present better solutions in terms of product trends, future products, marketing strategy, future events, actions or behaviours. The statistics are represented in a graphical format in this winning market analysis report for a clear understanding on facts and figures. Readers will find Medical Display Market report very helpful in understanding Medical Display Market in depth.
The effect of Porter’s five forces on the development of the market has been examined in the persuasive Medical Display Market business report. By keeping in mind the way people live, believe, and expend, market research analysis has been carried out to provide quality market insights. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. This industry report acts as a powerful source that gives answers to many of the business challenges more quickly. The consistent Medical Display Market report delivers comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the market.
Data Bridge Market Research analyzes that the medical display market is expected to reach the value of USD 1,113.11 million by 2029, at a CAGR of 6.2% during the forecast period. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Medical Display Market Analysis and Insights
The main reasons for the growth of the medical display market is the rising demand for minimally invasive treatments (MIT) due to multiple benefits such as less post-operative pain, fewer operative, and major post-operative complications, shortened hospital stay, faster recovery times, less scarring, less stress on the immune system, smaller incision, and for some procedures it reduced operating time and reduced costs as well.
A medical display is a monitor that meets the high demands of medical imaging. It usually comes with special image-enhancing technologies to ensure consistent brightness over the lifetime of the display, noise-free images, ergonomic reading and automated compliance with digital imaging and communications in medicine (DICOM) and other medical standards.
The development of medical imaging technologies has progressed healthcare, providing powerful diagnostic tools, supporting the non-invasive assessment of injuries and internal issues, and enabling diseases to be detected far earlier than ever before. Medical displays are preferred over consumer displays when used for medical imaging. The reason is simple: medical displays meet set requirements for image quality, medical regulations, and quality assurance.
The future of medical display devices are based on the developments in artificial intelligence (AI) and data analytics. Medical devices are advancing disease management by allowing clinicians to personalize medicine like never before. These technologies provide revelatory insights into individual patients in real-time.
Medical Display Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
The Growing Trend Towards Minimally Invasive Treatment
The main reasons for the growth of the global medical display market is the rising demand for minimally invasive treatments (MIT) due to multiple benefits such as less post-operative pain, fewer operative, and major post-operative complications, shortened hospital stay, faster recovery times, less scarring, less stress on the immune system, smaller incision, and for some procedures it reduced operating time and reduced costs as well.
Minimal invasive surgery is an excellent approach for diagnosing and treating a wide range of thoracic disorders that previously required sternotomy or open thoracotomy. The prevalence of chronic diseases requiring surgery has increased worldwide. Due to the many advantages of minimally invasive treatment, many patients prefer it. In addition, vascular and endovascular surgeries, neurological and spinal surgeries, orthopedic trauma care, and cardiac surgeries are performed in hybrid operating rooms. This feature allows hospitals to perform advanced surgical operations, which increases the demand for medical displays. In addition, increasing healthcare costs and the number of pathology and radiology laboratories drive the demand for medical monitors.
Minimally invasive surgery allows surgeons to use modern technology and advanced surgical techniques to operate on the human body in a less harmful way. This is expected to boost the demand for minimally invasive surgeries.
Growing Healthcare Infrastructure
Governments and non-profit organizations in several countries mainly focus on developing health infrastructure to minimize disease burden and provide better health services. In addition, the adoption of technologically advanced medical devices, screens, monitors, and various other devices has increased. All such factors are likely to create favorable opportunities for market growth during the forecast period. In addition, heavy investments by key players in innovative product launches and updated features in the coming years can also boost the market.
Moreover, the increasing demand for cost-effective healthcare services, increasing demand for technical solutions, increasing high mobility of information, increasing government initiatives and incentives, and increasing funding for high-quality medical displays in hospitals and research centers are expected to drive these healthcare facilities in the market. Medical software infrastructure has formed the basis for recent advances in medical displays, digital medical libraries, and management information systems. These factors are expected to drive the growth of the global medical display market.
As the market-focus drive toward the production of orally deliverable dosage forms, there is a constant struggle to develop appropriate formulations of new molecules that allow oral administration and, simultaneously, ensure the drug has optimal bioavailability in patients. To overcome this, pharmaceutical excipient manufacturers are developing easier products and reducing development time and cost. The development of medical display technologies has changed the healthcare industry, providing diagnostic tools, telehealth, providing support for non-invasive treatment, allowing diseases to be assessed and allowing the diseases to be detected earlier.
The launch of technological developments in medical display devices is enhancing the efficiency of the medical display and increasing the ease of using medical display devices. The surge in technological applications in medical display devices would result in less workforce and swift diagnosis and recovery of diseases. In the future, artificial intelligence technology will replace the medical display market. This factor is expected to act as an opportunity for global medical display market growth in the forecast period.
High Costs Of Medical Display Devices
The high cost of display devices and the high implementation is the major factor restraining market growth, specifically in countries where the reimbursement scenario is poor. Most healthcare facilities in developing countries, such as hospitals and diagnostic centers, cannot afford these devices due to the high installation and maintenance costs and due to the high cost of these medical equipment’s and low financial resources, healthcare facilities in emerging countries are reluctant to invest in new technologically advanced systems. These factors can hamper the digitalization in healthcare facilities and impact the adoption of advanced technologies for diagnosis and analysis.
The advancement in technology leading to the development of advanced and innovative display devices escalates the cost of the devices. Thus, the high cost of display devices is expected to restrain the market’s growth.
In June 2022, EIZO Corporation launched RadiForce MX243W – a 24.1-inch 2.3 megapixel (1920 x 1200 pixels) monitor. The 24.1-inch 2.3 megapixels (1920 x 1200 pixels) monitor has been designed for careful monitoring and diagnosis of complete physiology of patient system in clinics and hospitals. The launch resulted in the addition of a new medical device to the portfolio and offered exceptional market purity
In May 2021, Barco launched the Nio Fusion 12MP medical display. The product launch resulted in an enhanced product portfolio and a rise in sales and expansion of medical display product line across North America and Europe
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Global Medical Display Market Scope
Global medical display market is categorized into thirteen notable segments which are based on technology, panel size, viewing mode, megapixel, resolution, display type, imaging technology, display color, aspect ratio, component, application, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
GLOBAL MEDICAL DISPLAY MARKET, BY TECHNOLOGY
LED-BACKLIT LCD DISPLAY
CCFL-BACKLIT LCD DISPLAY
TFT LCD DISPLAY
On the basis of technology, the medical display market is segmented into LED-backlit LCD display, CCFL-backlit LCD display, TFT LCD display and OLED display.
GLOBAL 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
On the basis of panel size, the medical display market is segmented into under 22.9″ inch panels, 23.0″- 32.0″ inch panels, 27.0-41.9 inch panels and above 42 inch panels.
GLOBAL MEDICAL DISPLAY MARKET, BY VIEWING MODE
On the basis of viewing mode, the medical display market is segmented into 2D and 3D.
GLOBAL MEDICAL DISPLAY MARKET, BY MEGAPIXEL
UP TO 2MP
On the basis of megapixel, the medical display market is segmented into UP TO 2MP, 2.1–4MP, 4.1–8MP and above 8MP.
GLOBAL MEDICAL DISPLAY MARKET, BY RESOLUTION
UTRA FULL HD
On the basis of resolution, the medical display market is segmented into full HD, ultra-full HD, 4K, and others.
GLOBAL MEDICAL DISPLAY MARKET, BY DISPLAY TYPE
On the basis of display type, the medical display market is segmented into wall mounted, portable and modular.
GLOBAL MEDICAL DISPLAY MARKET, BY IMAGING TECHNOLOGY
SCRATCH RESISTANT FONT GLASS
SOFTGLOW & SPOTVIEW
On the basis of imaging technology, the medical display market is segmented into touch screen, scratch resistant font glass, failsafe mode, cleanable options, softglow & spotview and others.
GLOBAL MEDICAL DISPLAY MARKET, BY DISPLAY COLOR
On the basis of display color, the medical display market is segmented into color and monochrome.
GLOBAL MEDICAL DISPLAY MARKET, BY ASPECT RATIO
On the basis of aspect ratio, the medical display market is segmented into 16:09, 21:09 and 4:03.
GLOBAL MEDICAL DISPLAY MARKET, BY COMPONENT
On the basis of component, the medical display market is segmented into hardware and services.
GLOBAL MEDICAL DISPLAY MARKET, BY APPLICATION
PATIENT WORN MONITORING
POINT OF CARE
On the basis of application, the medical display market is segmented into consultation, diagnostic, surgical/interventional, telehealth, teaching / practice, fetal monitoring, dentistry, point of care, patient-worn monitoring and others.
GLOBAL MEDICAL DISPLAY MARKET, BY END USER
On the basis of end user, the medical display market is segmented into hospitals, clinics, nursing facilities, diagnostic laboratories, imaging/radiology lab, laboratory, rehabilitation centers and others.
GLOBAL MEDICAL DISPLAY MARKET, BY DISTRIBUTION CHANNEL
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Key Pointers Covered in the Medical Display Market Industry Trends and Forecast to 2029
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Market Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
Medical Display Market Regional Analysis/Insights
The medical display market is analyzed and market size information is provided technology, panel size, viewing mode, megapixel, resolution, display type, imaging technology, display color, aspect ratio, component, application, end user and distribution channel.
The countries covered in this market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Switzerland, Netherlands, Turkey, Belgium, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, and Rest of Middle East & Africa.
Asia-Pacific is expected to dominate the market as it is the largest medical device market in the world. China dominates the Asia-Pacific region due to rapidly growing healthcare market coupled with rise in medical display production.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and impact of sales channels are considered while providing forecast analysis of the country data.
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Key Market Competitors Covered in the report
Advantech Co., Ltd
Quest International Inc
Siemens Healthcare Private Limited
BenQ Medical Technology
Alpinion Medical Systems Co., Ltd
Nanjing Jusha Commercial &Trading Co,Ltd
Axiomtek Co Ltd
HP Development Company
L.P., Analogic Corporation
ASAHI ROENTGEN. CO.,LTD
Shenzhen Mindray Bio-Medical Electronics Co Ltd,
Competitive Landscape and Medical Display Market Share Analysis
The medical display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus on the medical display market.
FREQUENTLY ASKED QUESTIONS
What are the Major Companies Operating in the Medical Display Market?
Which Countries Data is Covered in the Medical Display Market?
What are the Main Data Pointers Covered in Medical Display Market Report?
Which region dominates the market ?
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