Medical Display Monitor Market, Global Product Intelligence, Industry Analysis, Size, Share, Growth, Trends and Forecast 2024
The global medical display monitor market is growing at a significant rate, due to the mounting occurrence of chronic diseases, the escalating need for minimally invasive treatments.
On the basis of technology, the market is subdivided into LED-backlit LCD, organic light-emitting diode (OLED), and CCFL-backlit LCD. Of all technologies, LED-backlit LCD segment accounted for the largest share in the market, as the monitors are compact, have a better contrast ratio, easily available, and offer more brightness.
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On the basis of application, the market is subdivided into diagnostic, clinical, and surgical. Among all applications, the diagnostic application accounted the largest share and is expected to grow at the fastest rate in the medical display monitor market due to the escalating implementation of various imaging applications such as magnetic resonance imaging, x-ray, and computed tomography.
The mounting use of 3D technology in medical display monitoring devices is the trend in the medical display monitor market.
The mounting occurrence of chronic diseases, the escalating need for minimally invasive treatments, intensifying acceptance of hybrid operation room technologies, and small replacement cycle of medical display technologies are the primary growth drivers for medical display monitor market.
Mounting assets in medical imaging devices, intensifying healthcare expenditure, expanding the number of diagnostic imaging centers, and escalating alertness about medical display monitors in developing countries are also facilitating the growth for the medical display monitor market.
North America is the largest medical display monitor market as in the region the acceptance of minimally invasive surgeries is increasing. Asia-Pacific is observed to witness the fastest growth in the market, due to the large population base, and expanding the geriatric population.
Key players in the medical display monitor market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.
Steris plc, EIZO Corporation, JVC KENWOOD Corporation, Siemens AG, Advantech Co. Ltd., Sony Corporation, LG Display Co. Ltd, and Barco NV are the key players offering medical display monitor.
Source: VynZ Research
