Medical Display Market | How the global market is adopting the technological change
The global medical display market is projected to reach USD 2.33 Billion by 2023, at a CAGR of 4.6%.
(EMAILWIRE.COM, February 01, 2019 ) Growing adoption of hybrid ORs, short replacement cycle of medical displays, increasing preference for minimally invasive treatments, and rising number of diagnostic imaging centers are the major factors driving the growth of the medical display market. However, market saturation and the increased adoption of refurbished medical displays are expected to restrain the growth of this market to a certain extent.
The report analyzes the global market by technology, panel size, resolution, display color, application, and region. On the basis of technology, the LED-backlit LCD display segment accounted for the largest share of the global market in 2017. Long lifespan, better return on investment compared to CCFL, high-quality medical images, and the power efficiency offered by LED-backlit LCD are the major factors driving its adoption in the market.
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140 – Tables
38 - Figures
199 - Pages
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Based on display color, the market is classified color displays and monochrome displays. The color displays segment accounted for the largest share of the medical display market in 2017. Features such as high-quality images and multi-modality capability are driving the adoption of the color displays segment.
The global market by application is segmented into diagnostic, surgical/interventional, dentistry, and other applications (clinical review, education, and conference and training). In 2017, the diagnostic application accounted for the largest share of the market.
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North America accounted for the largest share of the medical display market in 2017, followed by Europe. North America’s large share in the global market is primarily driven by the high penetration of advanced technologies such as hybrid operating room technologies, increasing volume of medical screening due to rising incidence/prevalence of various diseases, and replacement of older technologies with advanced display technologies such as OLED.
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