Medical Displays - Global Strategic Business Report

The global market for Medical Displays was estimated at US$2.4 Billion in 2023 and is projected to reach US$3.5 Billion by 2030, growing at a CAGR of 5.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Medical Displays Market - Key Trends and Drivers Summarized

How Are Medical Displays Shaping Modern Healthcare?

Medical displays are critical tools in healthcare environments, offering high-resolution images for precise diagnostics and surgical planning. These specialized displays are used in various applications, including radiology, mammography, digital pathology, and surgery. Medical-grade displays differ from consumer-grade counterparts by providing higher levels of brightness, contrast, and grayscale performance, which are essential for accurately interpreting medical images. In radiology and diagnostics, where clarity and precision are paramount, these displays play a vital role in identifying abnormalities, guiding treatment decisions, and improving patient outcomes. Additionally, they are often integrated with healthcare information systems (HIS) and picture archiving and communication systems (PACS), enabling real-time access to patient data and images.

What Innovations Are Shaping the Medical Displays Market?

Advancements in display technology, such as organic light-emitting diode (OLED) and liquid crystal display (LCD) with high dynamic range (HDR), are significantly impacting the medical displays market. OLED displays offer superior contrast ratios and faster refresh rates, making them ideal for surgical procedures requiring real-time monitoring. Moreover, the increasing use of 4K and 8K resolution displays is providing medical professionals with unprecedented levels of detail, especially in fields like radiology and digital pathology, where minute details can be crucial. Touchscreen interfaces, coupled with the integration of artificial intelligence (AI) for image analysis, are also gaining traction, enabling enhanced interaction and data manipulation during surgical procedures.

How Do Market Segments Define the Growth of Medical Displays?

Display technologies include LCD and OLED, with LCD leading the market due to its cost-effectiveness and widespread adoption across healthcare settings. By resolution, 2MP to 8MP displays are prevalent in diagnostic imaging, with higher resolutions like 4K and 8K emerging for surgical applications. Applications span radiology, surgery, and clinical review, with radiology accounting for the largest share. End-users include hospitals, clinics, and diagnostic imaging centers, with hospitals driving demand due to high patient volumes. North America dominates the market, followed by Europe and Asia-Pacific, where healthcare infrastructure is rapidly advancing.

What Factors Are Driving the Growth in the Medical Displays Market?

The growth in the medical displays market is driven by several factors, including the increasing adoption of digital imaging systems, the rising demand for minimally invasive surgeries, and advancements in display technologies. As healthcare facilities move towards digitalization, the demand for high-resolution, reliable medical displays is increasing. The rise of minimally invasive surgeries, which require precise imaging and real-time video feeds, is also boosting demand. Additionally, the integration of medical displays with AI and data analytics tools is enabling more accurate diagnoses and treatment planning. The growing prevalence of chronic diseases, which necessitate regular imaging and diagnostics, is further driving the market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the LED-Backlit LCD Technology segment, which is expected to reach US$1.4 Billion by 2030 with a CAGR of a 5.2%. The CCFL-Backlit LCD Technology segment is also set to grow at 5.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, which was estimated at $640.0 Million in 2023, and China, forecasted to grow at an impressive 8.1% CAGR to reach $779.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Medical Displays Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Medical Displays Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Medical Displays Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Medical Displays market such as Accuray Incorporated, Advantech Co., Ltd., Alpinion Medical Systems Co., Ltd., Analogic Corporation, ASAHI Roentgen Co., Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 36 companies featured in this Medical Displays market report include:

• Accuray Incorporated
• Advantech Co., Ltd.
• Alpinion Medical Systems Co., Ltd.
• Analogic Corporation
• ASAHI Roentgen Co., Ltd.
• Axiomtek Co., Ltd.
• Barco
• BenQ Medical Technology
• COJE Co., Ltd.
• Dell
• EIZO Corporation
• FSN Medical Technologies
• HP Development Company, L.P.
• LG Display Co., Ltd.
• Mediso Ltd
• Mobisante
• Nanjing Jusha Commercial &Trading Co., Ltd.
• Novanta, Inc.
• Quest International, Inc.
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Siemens Healthcare Private Limited
• Sony Electronics, Inc.
• Steris plc