UHD (Ultra High Definition) Surgical/Medical Displays are display monitors that feature resolution of HD, wide range of color technology, and a high-brightness backlights. These features enable physicians, surgeons and researchers to better view the body structures, with minimally invasive procedures. With increasing demand for minimally invasive procedures, the market for UHD displays is also expected to rise. As a result of their increasing usage, these technologies have become common in hybrid operating rooms and diagnostic centers. Increasing usage and applications of these display monitors is expected to help the market growth as well.
Key Market Trends
Usage in Diagnostic Imaging Centers is Expected to Register High Growth in the Forecast Period
UHD medical monitors come equipped with an array of functions to assist sharp and well managed medical treatment. The accurate diagnosis gets achieved with the top-notch image display that produces precise tissue level details to encourage the medical anatomy.
Due to rise in chronic diseases, the number of diagnostics centers have increased, especially in developed regions across the world. For instance, the Cancer Research UK suggests that the population suffering from cancer is expected to increase in the future. As per the report, if recent trends in incidence of major cancers and population growth are consistent, it is predicted there will be 27.5 million new cancer cases worldwide each year by 2040. This is an increase of 61.7% from 2018 and is expected to be higher in males with a rise of about 67.6% as compared to females with an estimated rise of 55.3% increase.
Increasing cases of chronic diseases will result in increased demand for diagnostic imaging centers. This will drive the growth of UHD surgical display market.
North America Dominates the Market
The United States (US) and Canada have a developed and well-structured health care system. These systems also encourage research and development. These policies encourage global players to enter the US and Canada. As a result, these countries enjoy the presence of many global market players.
Moreover, the demand for UHD displays is also high due to high number of Ambulatory and diagnostic centers in the region. For instance, United States has more than 9,000 Ambulatory surgery centers (ASC), as per a 2019 article by Definitive Healthcare. As high and increasing demand is met by the presence of global players in the region, the market is further expected to increase.
Competitive Landscape
Majority of the UHD surgical displays are being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market growth.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advantech
- Barco
- Eizo
- FSN
- LG Display
- Novanta
- Quest International
- Siemens
- Sony
- Steris
Methodology
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