New York, NY, Sept. 13, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Global Medical Display Market by Technology (OLED, CCFL-Backlit LCD, and LED-Backlit LCD), by Display Color (Monochrome Displays and Color Displays), and by Resolution (Up to 2mp Resolution, 2.1–4mp Resolution, 4.1–8mp Resolution, and above 8mp Resolution), by Panel Size (Under-22.9-Inch, 23.0–26.9-Inch, 27.0–41.9-Inch, and Above-42-Inch), and by Application (Surgical, Diagnostic, Dentistry, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global medical display market was valued at approximately USD 1.8 billion in 2017 and is expected to generate revenue of around USD 2.5 billion by end of 2024, growing at a CAGR of around 4.5% between 2018 and 2024.
Dependability on the display system in the medical industry along with trending advancement in the display screens according to the changing needs of the industry is estimated to accelerate the growth of medical display market in the forecast period.
Browse through 88 Tables & 38 Figures spread over 110 Pages and in-depth TOC on “Global Medical Display Market Size & Share 2017: Industry Type, Trends, Growth, Segments Analysis and Forecast, 2024”.
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The medical display market is primarily driven by its significant characteristics which include quality screening, enhanced productivity, reduced diagnostic errors, and précised pointing. Additionally, the medical display market is driven by the adoption of minimum invasion techniques which requires high-resolution screening. Moreover, improved features of the medical display services such as better luminance, high-resolution, and high contrast ratios have boosted the demand for medical display market. However, the high cost of the display is acting as a restraint for medical display and may affect its growth in the long term. Nonetheless, the growing demand for diagnostic procedures such as ultrasound, X-ray, medical resonance imaging, etc. and significant investment by the government in the medical display to provide more advanced & improved version of the system across the globe are likely to disclose the new avenues for the market.
The global medical display market is divided into its technology, display color, resolution, panel size, and application. On the basis of the technology, the medical display market is divided into OLEDs, CCFL-backlit LCD, and LED-backlit LCD. LED-backlit LCD segment is estimated to cover the largest market value because of its prominent characteristics to deliver high-quality images.
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Based on display color, the medical display market is segmented into monochrome displays and color displays. Color display segment accounted for the largest market value share in the global market.
On the basis of the resolution, the medical display market is segmented as above 8mp resolution, 4.1–8mp resolution, 2.1–4mp resolution, and up to the 2mp resolution.
Based on panel size, the medical display market is segmented as above-42-inch, 27.0–41.9-inch, 23.0–26.9-inch, and under-22.9-inch.
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On the basis of the application, the medical display market is divided into surgical, diagnostic, dentistry, and others.
In the medical display market, North America is by far the leading region and is further anticipated to grow over the upcoming years. By country, the U.S. is expected to cover a prominent market value share in North America medical display market. Increasing adoption of hybrid operating rooms along with the short duration of replacement cycle is supporting the growth of medical display market in North America.
Browse the full "Global Medical Display Market by Technology (OLED, CCFL-Backlit LCD, and LED-Backlit LCD), by Display Color (Monochrome Displays and Color Displays), and by Resolution (Up to 2mp Resolution, 2.1–4mp Resolution, 4.1–8mp Resolution, and above 8mp Resolution), by Panel Size (Under-22.9-Inch, 23.0–26.9-Inch, 27.0–41.9-Inch, and Above-42-Inch), and by Application (Surgical, Diagnostic, Dentistry, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/medical-display-market
North America is anticipated to be followed by Europe and is expected to show a significant growth in the near future. This growth in the medical display market is mainly driven by the increasing demand for a precise and quality diagnosis and reduced diagnostic errors.
Asia Pacific is expected to accelerate with a prominent CAGR over the near future. Developed & developing countries of the Asia Pacific such as China, India, and Japan is expected to show significant growth in the medical display market. Growth in Asia Pacific market is supported by the rising number of diagnostic centers and adoption of minimum invasion techniques.
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The Middle East & Africa region is expected to witness low to moderate growth rate due to the lack of accessibility to the medical display mainly because of low per capita income and lack of awareness. Moreover, Latin America is a prominent region witnessing the significant growth in the medical display market.
Some of the key players in the medical display market include among Novanta, LG Display, Sony, Eizo, Barco, Jusha Medical, Steris, Quest International, Advantech, FSN, Siemens, and others.
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This report segments the global medical display market as follows:
Global Medical Display Market: By Technology
- OLED
- CCFL-Backlit LCD
- LED-Backlit LCD
Global Medical Display Market: By Display Color
- Monochrome Displays
- Color Displays
Global Medical Display Market: By Resolution
- Up to 2mp Resolution
- 2.1–4mp Resolution
- 4.1–8mp Resolution
- Above 8mp Resolution
Global Medical Display Market: By Panel Size
- Under-22.9-Inch
- 23.0–26.9-Inch
- 27.0–41.9-Inch
- Above-42-Inch
Global Medical Display Market: By Application
- Surgical
- Diagnostic
- Dentistry
- Others
Global Medical Display Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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