The global medical display market is expected to exhibit strong growth, reaching USD 4.2 billion by 2030. As per the report titled "Medical Display Market Size, Share & Recession Impact Analysis, By Device (Desktop, Mobile and All in one), By Panel Size (Up to 22.9, 23.0 to 26.9, 27.0 to 41.9 and Above 42), By Resolution (Up to 2Mp, 2.1 to 4Mp, 4.1 to 8Mp and Above 8Mp), By Application (Multi-Modality, Digital Pathology, Radiology, Surgical and Mammography), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 2.7 billion and USD 4.2 billion in 2030. The market is expected to exhibit a CAGR of 6.50% during the forecast period.
RadiForce MX243W, a 24.1-Inch, 2.3-Megapixel (1920 x 1200 pixel) Monitor, was Introduced by EIZO Corporation
In June 2022, the RadiForce MX243W, a 24.1-inch, 2.3-megapixel (1920 x 1200 pixel) monitor, was introduced by EIZO Corporation. The 24.1-inch 2.3 megapixel (1920 x 1200 pixel) monitor was made for meticulously monitoring and diagnosing the entire physiology of patient systems in clinics and hospitals. A new medical equipment was added to the portfolio as a result of the launch, which also provided outstanding market purity.
Increasing Healthcare Infrastructure Will Fuel Market Growth
In numerous nations, governments and nonprofit groups place a strong emphasis on creating a health infrastructure that will reduce illness burden and deliver better medical care. The use of technologically advanced medical equipment, screens, monitors, and other gadgets has also grown. During the projected period, all of these variables are likely to produce positive possibilities for market expansion. In the upcoming years, major expenditures by key players in the introduction of innovative products and updated features may also help the market. Furthermore, it is anticipated that the market for these healthcare facilities will be driven by rising government initiatives and incentives, rising demand for cost-effective healthcare services, rising demand for technical solutions, rising high mobility of information, and rising funding for high-quality medical displays in hospitals and research facilities.
Increased Use of Reconditioned Medical Displays will Impede Market Expansion
Due to inadequate healthcare infrastructure, the majority of healthcare establishments, including hospitals, clinics, and imaging labs, favour used medical displays in developing nations. However, the market's expansion may be hampered by the simple availability of refurbished medical displays in new, cutting-edge medical displays at a cheaper price and with little to no complete loss owing to underutilised assets. The expansion of the industry can also be hampered by the rising number of sellers of refurbished medical displays.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the medical display market plan acquisitions to improve their brand recognition globally. For instance, in May 2021, the Nio Fusion 12MP medical display was introduced by Barco. As a result of the product introduction, the product portfolio was improved, sales increased, and the medical display product line was expanded across North America and Europe.
Recent Development:
RadiForce MX243W, a 24.1-Inch, 2.3-Megapixel (1920 x 1200 pixel) Monitor, was Introduced by EIZO Corporation
In June 2022, the RadiForce MX243W, a 24.1-inch, 2.3-megapixel (1920 x 1200 pixel) monitor, was introduced by EIZO Corporation. The 24.1-inch 2.3 megapixel (1920 x 1200 pixel) monitor was made for meticulously monitoring and diagnosing the entire physiology of patient systems in clinics and hospitals. A new medical equipment was added to the portfolio as a result of the launch, which also provided outstanding market purity.
Increasing Healthcare Infrastructure Will Fuel Market Growth
In numerous nations, governments and nonprofit groups place a strong emphasis on creating a health infrastructure that will reduce illness burden and deliver better medical care. The use of technologically advanced medical equipment, screens, monitors, and other gadgets has also grown. During the projected period, all of these variables are likely to produce positive possibilities for market expansion. In the upcoming years, major expenditures by key players in the introduction of innovative products and updated features may also help the market. Furthermore, it is anticipated that the market for these healthcare facilities will be driven by rising government initiatives and incentives, rising demand for cost-effective healthcare services, rising demand for technical solutions, rising high mobility of information, and rising funding for high-quality medical displays in hospitals and research facilities.
Increased Use of Reconditioned Medical Displays will Impede Market Expansion
Due to inadequate healthcare infrastructure, the majority of healthcare establishments, including hospitals, clinics, and imaging labs, favour used medical displays in developing nations. However, the market's expansion may be hampered by the simple availability of refurbished medical displays in new, cutting-edge medical displays at a cheaper price and with little to no complete loss owing to underutilised assets. The expansion of the industry can also be hampered by the rising number of sellers of refurbished medical displays.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the medical display market plan acquisitions to improve their brand recognition globally. For instance, in May 2021, the Nio Fusion 12MP medical display was introduced by Barco. As a result of the product introduction, the product portfolio was improved, sales increased, and the medical display product line was expanded across North America and Europe.
Recent Development:
- In November 2021, double Black Imaging expands its line of digital breast imaging displays with the Gemini 12MP. The Gemini 12MP offers many resolution modes with 6MP and 12MP options for modality optimization.
List of Key Players Profiled in the Report
- LG Display
- FSN Medical
- EIZO
- Sony
- Double Black Imaging
- Barco
- STERIS
- Jusha Medical
- Advantech
- Quest International
Further Report Findings
- The market in the Asia Pacific is expected to gain a huge portion of the global Medical display market share in the coming years because there are more public and private healthcare institutions.
- This is the outcome of growing patient awareness of medical technology, a surge in medical tourism in developing countries like China and India, and a rise in healthcare spending in the region.
- In North America, the growth in this region is primarily driven by growing acceptance of minimally invasive surgery and advancements in healthcare.
| Attributes | Details |
| Market Size in 2022 | USD 2.7 Billion |
| Market Forecast in 2030 | USD 4.2 Billion |
| Compound Annual Growth Rate | 6.50 % |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Device, By Panel Size, By Resolution, By Application, and By Geography |
| By Device |
|
| By Panel Size |
|
| By Resolution |
|
| By Application |
|
| By Region |
|
| Base Year | 2022 |
| Historical Year | 2016-2021 |
| Forecast Year | 2023-2030 |
