(EMAILWIRE.COM, September 25, 2018 ) 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 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.

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.

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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.Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America accounted for the largest share of the medical display market, followed by Europe. North America’s large share in the global market is attributed to factors such as high adoption of advanced technologies such as OLED and hybrid operating rooms, increasing healthcare expenditure, favorable reimbursement policies, and increasing volume of diagnostic tests and surgeries.

Prominent players in the healthcare market are Barco (Belgium), EIZO (Japan), Sony (Japan), LG Display (South Korea), Novanta US), FSN Medical (South Korea), Advantech (Taiwan), Quest International (US), STERIS (UK), Jusha Medical (China), Double Black Imaging (US), Dell (US), HP (US), Shenzhen Beacon Display (China), COJE Display (South Korea), and Axiomtek (Taiwan).