Global Medical Display Market
Global medical display market report gives comprehensive outlook on medical display across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global medical display market gives historical, current, and future market sizes (US$ Mn) on the basis of technology, panel size, resolution, display color, device, type, application and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global medical display market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global medical display market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global medical display market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global medical display products.
Medical Display Market:
The global medical display market estimated to be valued US$ 1.92 Bn in 2018 and poised to grow at significant CAGR of 5.3 % over 2020-2026. Due to increasing in the aging population and rising in prevalence of numerous of healthcare issues and new disease day-by-day which requires accurate diagnosis and treatment. Medical professionals use picture archive communication system (PACS) viewer which displays external body and internal body medical images on the monitor’s screen which is important for the detections of various diseases and disorders. Additionally, increasing in the medical care infrastructure, government emphasis, and rise in the healthcare expenditure will fuel the market growth. However, high cost of the device and high maintenance cost will hinder the growth of the medical display market.
Increasing Rising Medical Facilities are fueling the Medical Display Market
In the recent years, Due to changing in the life styles and increased in the stress levels which leads to increase the number of many healthcare issues. The surge in the demand for various diagnostic procedures including ultrasound, medical resonance imaging, X-ray, CT scanner, MRI scanner, EEG and sleep monitoring devices which are used to investigate the diagnostic conditions and to treat these conditions is expected to propel lucrative opportunities for the market growth. Increasing demand for advanced equipped medical facilities will further boost the market growth. Additionally, medical displays play important role in monitoring the BP, heart rate, organ functioning of patients during surgeries, person in come and others.
North America Accounts for Larger Market Revenue Share in Global Medical Display Market
North America accounted for larger revenue share in global medical display market with considerable CAGR. The growth in this region can be attributed to rising in the awareness of the healthcare issues in the patient and in this region is supported by high expenses for the development of the healthcare infrastructure. European market dominates by EEG devices followed by MEG systems. In Asia region medical display is largely driven by the growing geriatric population, the accessibility of low-cost labor and skilled professionals, increase in disposable incomes, rising prevalence of many healthcare issues, and increasing government emphasis on healthcare developments in the region.
Key player’s profiles in the global medical display market include:
• LG Display Co., Ltd.
• Sony Corporation
• FSN Medical Technologies
• Quest International
• Dell Technologies Inc.
• Jusha Medical
• Alpha Display
• ASUSTeK Computer Inc.
• Axiomtek Co., Ltd.
• BenQ Medical Technology
• Shenzhen Beacon Display Technology Co., Ltd.
Global medical display market is surging owing to frequent acquisitions and launchings by the market players. In January 2017, Advantech announced to acquire 60% stakes of Kostec. This will help to expand medical displays in South Korea and also worldwide. This resulted in the important contribution of Advantech in the field of medical display market.
Key Findings of the Report:
• Global medical display market expanding at significant CAGR over 2020 to 2026 due to increase in the prevalence of the disorder and diseases.
• Based on technology, CCFL-backlit LCD Display segment accounted for larger market revenue share in 2019 and projected to gain market revenue share over the forecast period
• Players focusing on innovation of newer products and collaboration strategies to retain market position in global medical display market
- Detailed SegmentationBy Technology
- CCFL-backlit LCD Display
- LED-backlit LCD Display
- OLED Display
By Panel Size
- Under 22.9 Inch Panels
- 0-26.9 Inch Panels
- 0-41.9 Inch Panels
- Above 42 Inch Panels
- Up to 2MP Resolution Displays
- 1–4MP Resolution Displays
- 1–8MP Resolution Displays
- Above 8MP Resolution Displays
By Display Color
- Color Display
- Monochrome Display
- All-in-one Product
- Analog Frequency Synthesizer
- Digital Frequency Synthesizer
- Digital Pathology
- General Radiology
- Surgical/ Interventional
- Rest of Europe
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- South Africa
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market