Medical Health & Life Science Research News

Medical display market projected to reach USD 2.33 billion by 2023

Medical Market Research

The medical display market is expected to reach USD 2.33 billion by 2023 from an estimated USD 1.86 billion in 2018, at a CAGR of 4.6%.

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High adoption of hybrid operating rooms, increasing preference for display assisted minimally invasive surgeries, shorter replacement cycles, rise in the number of diagnostic imaging clinics, development in healthcare infrastructure in emerging countries, and technological advancements are factors driving the medical display market.

Key Target Audience

  • Raw material providers
  • Medical display panel manufacturers
  • Medical display-related service providers
  • Medical display-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists and start-ups
  • Semiconductor component suppliers
  • Medical display panel and devices distributors and sales firms
  • Medical display devices end users
  • Research institutes, organizations, and consulting companies
  • Healthcare service providers
  • Medical display software and service providers
  • Business research and consulting firms

Medical display market report analyzes by technology, panel size, resolution, display color, application, and region.

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On basis of technology, LED-backlit LCD display segment accounted for largest share of market in 2017. Long lifespan, better return on investment compared to CCFL, high-quality medical images, & power efficiency offered by LED-backlit LCD are major factors driving its adoption in market.

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Geographically, medical display 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.

Global Market Drivers are as folllows

1 Demand Side

2 Increasing Demand From End-Use Industries

3 Food & Beverage Industry Represents the Largest Consumption Group of PET Packaging

4 PET Bottles Safe for Pharmaceutical Packaging

5 Shift in Consumer Preferences Towards Recyclable and Eco-Friendly Materials

6 Supply Side

7 Technological Advancements in the PET Packaging Market

The global medical display 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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Report analyzes various medical display maret and their adoption patterns. It aims at estimating the market size and future growth potential of global medical display market for different segments such as technology, panel size, resolution, display color, application, and region.

Report also includes an in-depth competitive analysis of key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.

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