Portland, OR, Oct. 22, 2019 (GLOBE NEWSWIRE) -- The North America and Europe medical display market was estimated at $1.01 billion in 2018 and is expected to hit at $1.51 billion by 2026, registering a CAGR of 5.2% from 2019 to 2026. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.
Rise in adoption of hybrid operating rooms, short replacement cycles of medical display and surge in preference for minimally invasive treatments fuel the growth of the North America and Europe medical display market. On the other hand, market saturation in developed countries and increasing adoption of refurbished medical displays restrain the growth to some extent. However, technological advancements in imaging techniques are expected to create a number of opportunities in the near future.
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The desktop segment to lead the trail by 2026-
Based on the device, the desktop segment contributed to 89% of the total market revenue in 2018 and is expected to dominate throughout the forecast period. The same segment would also cite the fastest CAGR of 5.4% during 2019–2026.
The surgical segment to rule the roost during the study period-
Based on application, the surgical segment held the major share in 2018, generating more than one-fourth of the total market. The same segment is also projected to register the fastest CAGR of 6.1% till 2026.
U.S. to maintain the lion’s share in terms of revenue-
Based on geography, U.S. accounted for nearly two-fifths of the total market share in 2018 and is anticipated to retain its dominance throughout the estimated period. Simultaneously, Germany would grow at the fastest CAGR of 6.6% by 2026.
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Key players in the industry-
The key market players analyzed in the North America and Europe medical display market report include ASUSTeK Computer Inc., Barco NV, BenQ Medical Technology, Coje CO., LTD., Double Black Imaging Corporation, Advantech Co., Ltd. (Advantech), Axiomtek Co., Ltd., LG Display Co., Ltd., Dell Technologies Inc., Novanta Inc. (Novanta), Shenzhen Beacon Display Technology Co., FSN Medical Technologies, Hisense Medical, HP INC., Sony Corporation, Alpha Display, JVC Kenwood Holdings Inc., Nanjing Jusha Commercial & Trading Co, Ltd., Ltd., Steris PLC, and EIZO Corporation (EIZO). These market players have taken recourse to exclusive strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their foothold in the industry.
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