A recent report published by Infinium Global Research on medical display market provides in-depth analysis of segments and sub-segments in global as well as regional medical display market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional medical display market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global medical display market. According to the report, the global medical display market is projected to grow at a CAGR of 5% over the forecast period of 2018-2024.
The medical display is a monitor that meets the high demand for medical imaging. They usually come with special image-enhancing technologies to ensure constant brightness over the lifetime of the display. The medical display has various properties like high-quality screen, clear and consistent images. This device ensures accurate diagnosis and helps to identify the best options for treatment. Many medical displays have been specifically designed for multimodality imaging. There are various types of display used in medical diagnoses such as Cathode ray tube display (CRT), Light-emitting diode display (LED), Electroluminescent display (ELD) and Organic light-emitting diode display (OLED). Medical displays are vastly used in surgical and diagnostic applications.
Medical imaging experts such as medical physicists, radiologists, and information technology specialists routinely use the medical display for diagnosis of diseases and their treatment. The growing preference for minimally invasive procedures, treatment all over the globe escalates the global Medical Display Market. Moreover, increasing popularity related to benefits of large displays in an all in one computer propelling the market growth. The growing demand of diagnostic imaging procedures such as Computed tomography (CT), Magnetic resonance imaging (MRI), and magnetic resonance angiography (MRA) has a major influence on the demand of medical display devices. However, the rise in demand for refurbished medical display may hamper the growth of the global medical display market. Going further, technological advancement within the imaging area is anticipated to create growth opportunities for the medical display market.
Among the geographies, North America accounted for the largest region in the global medical display market, followed by Europe. The factors such as faster adoption rates of new technologies, growing prevalence’s of diagnostic surgeries and tests and rising healthcare expenditure in private and public sectors are likely to boost the market in the North America region. Asia Pacific region is anticipated to be the fastest growing region due to heavy investments for the development of the healthcare facilities in countries such as China and India.
The report on global medical display market covers segments such as a display, color & monochrome and display technology. On the basis of a display, the global medical display market is categorized into radiology displays, surgical displays, and patient monitor displays. On the basis of color & monochrome, the global medical display market is categorized into resolution and screen size. On the basis of display technology, the global medical display market is categorized into led, TFT-LCD, crt, pm-LCD, pmoled, and amoled.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global medical display market such as Philips Healthcare, Beijing Leadman Biochemistry Ltd., Shanghai United Imaging Healthcare Co Ltd., Hitachi Medical Corporation, Barco, Hologic, Inc., Esaote SpA, EZISURG MEDICAL, Toshiba Medical Systems Corporation, and Carestream Health.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global medical display market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical display market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the medical display market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the medical display market to understand the present and future trends in this market and formulate their strategies accordingly.
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