Medical Displays

Global Medical Displays Market to Reach US$3.5 Billion by 2030

The global market for Medical Displays estimated at US$2.4 Billion in the year 2023, is expected to reach US$3.5 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2023-2030. LED-Backlit LCD Technology, one of the segments analyzed in the report, is expected to record a 5.2% CAGR and reach US$1.4 Billion by the end of the analysis period. Growth in the CCFL-Backlit LCD Technology segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$640.0 Million While China is Forecast to Grow at 8.1% CAGR

The Medical Displays market in the U.S. is estimated at US$640.0 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$779.9 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

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.

Select Competitors (Total 36 Featured) -

• 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

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