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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Market Overview 4.2 Medical Display Market, By Application & Region 4.3 Market: Geographic Snapshot 4.4 Market: Regional Mix 4.5 Medical Display Market, Developing Countries vs Developed Countries
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 184.108.40.206 Growing Adoption of Hybrid Operating Rooms 220.127.116.11 Short Replacement Cycles of Medical Displays 18.104.22.168 Increasing Preference for Minimally Invasive Treatments 22.214.171.124 Rising Number of Diagnostic Imaging Centers 5.2.2 Restraints 126.96.36.199 Market Saturation in Developed Countries 188.8.131.52 Increasing Adoption of Refurbished Medical Displays 5.2.3 Opportunities 184.108.40.206 Development of Healthcare Infrastructure in Emerging Markets 220.127.116.11 Technological Advancements 5.2.4 Challenges 18.104.22.168 Adoption of Consumer-Grade Displays 22.214.171.124 Fluctuating Average Selling Prices of Display Panels
6 Industry Insights 6.1 Regulatory Analysis 6.2 Technology Trends 6.2.1 Multi-Modality Displays 6.2.2 Panel Technology Advancements 6.2.3 Virtual and Augmented Reality Technologies 6.3 Value Chain Analysis
7 Medical Display Market, By Technology 7.1 Introduction 7.2 LED-Backlit LCD 7.3 CCFL-Backlit LCD 7.4 OLED