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Global 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

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The global medical display market size was valued at USD 2.7 billion in 2022. The market is projected to grow from USD 2.7 billion in 2022 to USD 4.2 billion by 2030, exhibiting a CAGR of 6.50% during the forecast period.
 
While the market penetration for medical imaging systems and the number of diagnostic care units are dramatically increasing, the global market for medical displays is expanding at a rapid rate. Furthermore, the number of diseases and disorders requiring radiological evaluation and diagnosis is significantly rising, and the use of hardcopy-based imaging films is actively being decreased. The additional quick expansion of this market is anticipated to be accelerated by an increase in healthcare and wellness awareness, evolving medical practises, government assistance, and an increase in the number of radiology departments and other healthcare facilities implementing medical displays.
 
RECESSION IMPACT

The recession will have a significant effect on the market for medical display. The effects of a recession on the market for medical displays would vary depending on a number of variables, such as the depth and length of the economic slump as well as the overall level of demand for medical displays. Budget cuts for healthcare during a recession may result in less money being spent on medical technology, particularly medical displays. The market for medical displays may be impacted if hospitals and healthcare facilities postpone or abandon investments in new machinery and technology.
 
DRIVING FACTORS

Increasing Preference for Less Invasive Medicine to Support Market Growth

The demand for minimally invasive treatments (MIT) is increasing due to numerous benefits including decreased post-operative pain, fewer major post-operative complications, shorter hospital stays, quicker recovery times, less scarring, less immune system stress, smaller incisions, and for some procedures it decreased operating time and costs as well. For detecting and treating a variety of thoracic problems that traditionally required sternotomy or open thoracotomy, minimally invasive surgery is a great option. Globally, the frequency of chronic conditions requiring surgery has increased. Many patients favour less invasive treatment because of its many benefits. Medical displays are in greater demand as a result of this feature's ability to enable hospitals to undertake sophisticated surgical procedures. The demand for medical monitors is also influenced by rising healthcare costs as well as an increase in the number of radiology and pathology labs. With the help of cutting-edge technology and surgical techniques, physicians may perform less hazardous operations on people's bodies thanks to minimally invasive surgery. As a result, more people are anticipated to seek out minimally invasive procedures.
 
RESTRAINING FACTORS

High Cost of Medical Display to Limit Market Growth

The main obstacle impeding market expansion, particularly in nations where the reimbursement environment is unfavourable, is the high cost of display devices and the high installation costs. Due to the high installation and maintenance costs of modern medical equipments and the limited financial resources available, the majority of healthcare facilities in poor nations, including hospitals and diagnostic centres, are unable to invest in new technologically advanced systems. These elements may hinder the adoption of cutting-edge technologies for diagnosis and analysis as well as the digitisation of healthcare facilities. The price of the devices has increased as a result of technical development that has produced cutting-edge and creative display technologies. Thus, it is anticipated that the high price of display devices will limit the market's expansion.
 
SEGMENTATION

By Device

Medical Display Market By Device
Based on device, the medical display market is segmented into desktop, mobile and all in one. The desktop category dominated the market in 2022. For displaying medical pictures such as X-rays, MRIs, CT scans, and other imaging modalities, these are frequently used in hospitals and clinics. They frequently have very big, high-resolution displays with excellent accuracy and visual clarity.
 
By Panel Size

Based on panel size, the medical display market is segmented into up to 22.9, 23.0 to 26.9, 27.0 to 41.9 and above 42. The up to 22.9 category dominated the market in 2022. The popularity of panels smaller than 22.9 inches is rising as technology develops. These displays are less expensive and more useful for a variety of purposes when compared to the other sizes available for medical displays.
 
By Resolution

Based on resolution, the medical display market is segmented into up to 2Mp, 2.1 to 4Mp, 4.1 to 8Mp and above 8Mp. The 4.1 to 8Mp category dominated the market in 2022. These displays are suitable for a variety of medical imaging applications since they have a resolution ranging from 4.1 to 8 million pixels. The majority of medical displays in this market are employed in high-precision imaging applications like mammography, radiology, and others where precise details are essential for diagnosis and treatment.
 
By Application

Based on application, the medical display market is segmented into multi-modality, digital pathology, radiology, surgical and mammography. The radiology category dominated the market in 2022. Any interventions are built on the results of radiology scans. So, using the high-definition medical display is crucial if you want to cut down on medical errors by over 70%. The general radiology industry is seeing market growth due to reasons such as increased diagnostic accuracy, decreased error rates, and a continuing requirement for high-quality imaging displays.
 
REGIONAL INSIGHTS

Medical Display Market By Region 
Asia Pacific is projected to hold the largest share of the medical display market over the forecast period due to an increase in the variety of private and public healthcare facilities. This is a result of rising medical technology awareness, a boom in medical tourism, growing demand for sophisticated surgical display equipment in developing nations like China and India, and an increase in healthcare spending in the area. On the other hand, North America medical display market is anticipated to grow significantly because more hybrid operating rooms are being used, there is a greater demand for multimodality displays, and more complex technologies are being used in medical display equipment. The expanding preference for minimally invasive surgeries, the development of the healthcare system, and the rise in chronic illness incidence are the key drivers of market expansion in the area.
 
LIST OF KEY COMPANIES PROFILED:
  • LG Display
  • FSN Medical
  • EIZO
  • Sony
  • Double Black Imaging
  • Barco
  • STERIS
  • Jusha Medical
  • Advantech
  • Quest International
Recent Development:
  • In April 2021, the 31-inch, 12-megapixel 31HN713D, the newest addition to LG's comprehensive line of professional, medical-grade diagnostic monitors that can be utilised for a number of diagnostic investigations, including 3-D mammography, has been released by LG Business Solutions USA.
REPORT SCOPE AND SEGMENTATION
 
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
  • Desktop
  • Mobile
  • All in one
By Panel Size
  • Up to 22.9
  • 23.0 to 26.9
  • 27.0 to 41.9
  • Above 42
By Resolution
  • Up to 2Mp
  • 2.1 to 4Mp
  • 4.1 to 8Mp
  • Above 8Mp
By Application
  • Multi-Modality
  • Digital Pathology
  • Radiology
  • Surgical
  • Mammography
By Region
  • North America: U.S and Canada
  • Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
  • APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
  • Latin America: Brazil, Argentina, Chile
  • The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2016-2021
Forecast Year 2023-2030
Chapter 1    Preface

    1.1    Report Scope and Description
        1.1.1    Study Purpose
        1.1.2    Target Audience
        1.1.3    USP and Key Offerings
    1.2    Key Benefits for Stakeholders
    1.3    Report Scope

Chapter 2    Report Summary

    2.1    Key Findings
        2.1.1    Top Investment Pockets
    2.2    Market Snapshot: Global Medical Display Market
    2.3    Global Medical Display Market, 2018 – 2028 (US$ Mn)

Chapter 3    COVID 19 Impact Analysis

    3.1    Impact Assessment of COVID-19 Pandemic, By Region
        3.1.1    North America: Impact of COVID-19 Pandemic
        3.1.2    Europe: Impact of COVID-19 Pandemic
        3.1.3    Asia pacific: Impact of COVID-19 Pandemic
        3.1.4    Latin America: Impact of COVID-19 Pandemic
        3.1.5    Middle-East and Africa: Impact of COVID-19 Pandemic
    3.2    Key Strategies Undertaken by Companies to Tackle COVID-19
    3.3    Quarterly Market Revenue by Region 2021 & 2022
    3.4    Pre COVID-19 Market Revenue, By Region, 2016-2019        (USD Million)
    3.5    Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    3.6    Short Term Dynamics
    3.7    Long Term Dynamics

Chapter 4    Global Medical Display Market, By Device Segment Analysis

    4.1    Medical Display Market Overview, By Device Segment
        4.1.1    Global Medical Display Market Revenue Share, By Device, 2022 & 2028 (Value, %)
    4.2    Desktop
        4.2.1    Medical Display Share Forecast, By Region (USD Million)
        4.2.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.2.3    Key Market Trends, Growth Factors, & Opportunities
    4.3    Mobile
        4.3.1    Medical Display Share Forecast, By Region (USD Million)
        4.3.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.3.3    Key Market Trends, Growth Factors, & Opportunities
    4.4    All in one
        4.4.1    Medical Display Share Forecast, By Region (USD Million)
        4.4.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.4.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 5    Global Medical Display Market, By Panel Size Segment Analysis

    5.1    Medical Display Market Overview, By Panel Size Segment
        5.1.1    Global Medical Display Market Revenue Share, By Panel Size, 2022 & 2028 (Value, %)
    5.2    Up to 22.9
        5.2.1    Medical Display Share Forecast, By Region (USD Million)
        5.2.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.2.3    Key Market Trends, Growth Factors, & Opportunities
    5.3    23.0 to 26.9
        5.3.1    Medical Display Share Forecast, By Region (USD Million)
        5.3.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.3.3    Key Market Trends, Growth Factors, & Opportunities
    5.4    27.0 to 41.9
        5.4.1    Medical Display Share Forecast, By Region (USD Million)
        5.4.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.4.3    Key Market Trends, Growth Factors, & Opportunities
    5.5    Above 42
        5.5.1    Medical Display Share Forecast, By Region (USD Million)
        5.5.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.5.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 6    Global Medical Display Market, By Resolution Segment Analysis

    6.1    Medical Display Market Overview, By Resolution Segment
        6.1.1    Global Medical Display Market Value Share, By Resolution, 2021 & 2028 (Value, %)
    6.2    Up to 2Mp
        6.2.1    Medical Display Share Forecast, By Region (USD Million)
        6.2.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.2.3    Key Market Trends, Growth Factors, & Opportunities
    6.3    2.1 to 4Mp
        6.3.1    Medical Display Share Forecast, By Region (USD Million)
        6.3.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.3.3    Key Market Trends, Growth Factors, & Opportunities
    6.4    4.1 to 8Mp
        6.4.1    Medical Display Share Forecast, By Region (USD Million)
        6.4.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.4.3    Key Market Trends, Growth Factors, & Opportunities
    6.5    Above 8Mp
        6.5.1    Medical Display Share Forecast, By Region (USD Million)
        6.5.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        6.5.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 7    Global Medical Display Market, By Application Segment Analysis

    7.1    Medical Display Market Overview, By Application Segment
        7.1.1    Global Medical Display Market Revenue Share, By Application, 2022 & 2028 (Value, %)
    7.2    Multi-Modality
        7.2.1    Medical Display Share Forecast, By Region (USD Million)
        7.2.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        7.2.3    Key Market Trends, Growth Factors, & Opportunities
    7.3    Digital Pathology
        7.3.1    Medical Display Share Forecast, By Region (USD Million)
        7.3.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        7.3.3    Key Market Trends, Growth Factors, & Opportunities
    7.4    Radiology
        7.4.1    Medical Display Share Forecast, By Region (USD Million)
        7.4.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        7.4.3    Key Market Trends, Growth Factors, & Opportunities
    7.5    Surgical
        7.5.1    Medical Display Share Forecast, By Region (USD Million)
        7.5.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        7.5.3    Key Market Trends, Growth Factors, & Opportunities
    7.6    Mammography
        7.6.1    Medical Display Share Forecast, By Region (USD Million)
        7.6.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        7.6.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 8    Medical Display Market – Regional Analysis, 2022 – 2028

    8.1    Medical Display market Overview, by Region Segment
        8.1.1    Global Medical Display market Revenue Share, By Region, 2022 & 2028
        8.1.2    Global Medical Display Market Revenue, By Region, 2017 – 2028 (US$ Mn)
        8.1.3    Global Medical Display market Revenue, By Device, 2017 – 2028 (US$ Mn)
        8.1.4    Global Medical Display market Revenue, By Panel Size, 2017 – 2028 (US$ Mn)
        8.1.5    Global Medical Display Market Revenue, By Resolution, 2017 – 2028 (US$ Mn)
        8.1.6    Global Medical Display Market Revenue, By Application, 2017 – 2028 (US$ Mn)
    8.2    North America
        8.2.1    North America Medical Display Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        8.2.2    North America Medical Display Market Revenue, By Device, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.2.3    North America Medical Display Market Revenue, By Panel Size, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.2.4    North America Medical Display Market Revenue, By Resolution, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.2.5    North America Medical Display Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.2.6    U.S. Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.2.7    Canada Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.2.8    Mexico Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    8.3    Europe
        8.3.1    Europe Medical Display Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        8.3.2    Europe Medical Display Market Revenue, By Device, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.3.3    Europe Medical Display Market Revenue, By Panel Size, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.3.4    Europe Medical Display Market Revenue, By Resolution, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.3.5    Europe Medical Display Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.3.6    Germany Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.3.7    France Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.3.8    U.K. Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.3.9    Italy Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.3.10    Spain Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.3.11    Rest of Europe Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    8.4    Asia Pacific
        8.4.1    Asia Pacific Medical Display Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        8.4.2    Asia Pacific Medical Display Market Revenue, By Device, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.4.3    Asia Pacific Medical Display Market Revenue, By Panel Size, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.4.4    Asia Pacific Medical Display Market Revenue, By Resolution, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.4.5    Asia Pacific Medical Display Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.4.6    China Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.4.7    Japan Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.4.8    India Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.4.9    South Korea Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.4.10    South-East Asia Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.4.11    Rest of Asia Pacific Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    8.5    Latin America
        8.5.1    Latin America Medical Display Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        8.5.2    Latin America Medical Display Market Revenue, By Device, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.5.3    Latin America Medical Display Market Revenue, By Panel Size, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.5.4    Latin America Medical Display Market Revenue, By Resolution, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.5.5    Latin America Medical Display Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.5.6    Brazil Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.5.7    Argentina Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.5.8    Rest of Latin America Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    8.6    The Middle-East and Africa
        8.6.1    The Middle-East and Africa Medical Display Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        8.6.2    The Middle-East and Africa Medical Display Market Revenue, By Device, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.6.3    The Middle-East and Africa Medical Display Market Revenue, By Panel Size, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.6.4    The Middle-East and Africa Medical Display Market Revenue, By Resolution, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.6.5    The Middle-East and Africa Medical Display Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        8.6.6    GCC Countries Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.6.7    South Africa Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        8.6.8    Rest of Middle-East Africa Medical Display Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)

Chapter 9    Medical Display Market – Industry Analysis

    9.1    Introduction
    9.2    Market Drivers
        9.2.1    Driving Factor 1 Analysis
        9.2.2    Driving Factor 2 Analysis
    9.3    Market Restraints
        9.3.1    Restraining Factor Analysis
    9.4    Market Opportunities
        9.4.1    Market Opportunity Analysis
    9.5    Porter’s Five Forces Analysis
    9.6    PEST Analysis
    9.7    Regulatory Landscape
    9.8    Technology Landscape
    9.9      Value Chain Analysis

Chapter 10    Competitive Landscape

    10.1    Company Market Share Analysis – 2022
        10.1.1    Global Medical Display market: Company Market Share, 2022
        10.1.2    Global Medical Display Market: Company Market Share, 2022
    10.2    Strategic Developments
        10.2.1    Acquisitions & Mergers
        10.2.2    New Product Launch
        10.2.3    Regional Expansion
    10.3    Company Strategic Developments – Heat Map Analysis

Chapter 11    Company Profiles

    11.1    LG Display
        11.1.1    Company Overview
        11.1.2    Key Executives
        11.1.3    Product Portfolio
        11.1.4    Financial Overview
        11.1.5    Operating Business Segments
        11.1.6    Business Segment Performance
        11.1.7    Recent Developments
    11.2    FSN Medical
    11.3    EIZO
    11.4    Sony
    11.5    Double Black Imaging
    11.6    Barco
    11.7    STERIS
    11.8    Jusha Medical
    11.9    Advantech
    11.10    Quest International

Chapter 12    Research Methodology

    12.1    Research Methodology
    12.2    Phase I – Secondary Research
    12.3    Phase II - Data Modeling
        12.3.1    Company Share Analysis Model
        12.3.2    Revenue Based Modelling
    12.4    Phase III – Primary Research
    12.5    Research Limitations
        12.5.1    Assumptions
No Methodology
No Available