New York, United States , July 24, 2023 (GLOBE NEWSWIRE) -- The Global Medical Display Market Size is To Grow from USD 2.3 Billion in 2022 to USD 4.5 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period.
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A medical display is a monitor that provides stringent medical imaging requirements. Image-enhancing technology that provides steady brightness over the life of the display, noise-free images, ergonomic reading, and automated compliance with digital imaging and communications in medicine (DICOM) and other medical standards are frequently included. Medical imaging technologies have improved healthcare by providing powerful diagnostic tools, allowing non-invasive examination of wounds and internal anomalies, and enabling the early detection of infections. Medical screens are preferable to consumer displays when used for medical imaging. The simplest alternative is to ensure that medical displays fulfil visual quality, medical requirements, and quality assurance standards.
Hospitals throughout the world are progressively converting to hybrid operating rooms to do intricate and less intrusive surgery. As a result, obsolete display systems have been replaced with newer, higher-resolution medical displays. Image-guided treatments such as minimally invasive surgeries, endovascular procedures, and catheter-based therapies are commonly performed in mixed operating rooms. Medical displays are crucial in displaying imaging data because they allow surgeons to see the patient's anatomy as well as real-time imaging at the same time. The use of imaging and surgical equipment together improves precision, safety, and operating outcomes. Furthermore, the increased demand for transformed goods poses a substantial challenge for industry participants, particularly small companies. To strengthen their market position and generate a strong user base for their imaging systems, industry participants must either lower their prices or develop better or more complex technologies that meet unmet consumer expectations.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the, "Global Medical Display Market Size, Share, and COVID-19 Impact Analysis By Technology (LED-Backlit LCD Displays, CCFL-Backlit LCD Displays, OLED Displays), By Panel Size (Under 22.9-inch panels, 23.9-26.9 inch panels, 27-41.9 inch panels), By Resolution (Up to 2Mp, 2.1 to 4Mp, 4.1 to 8Mp, & Above 8Mp), By Application (Diagnostic Applications, Surgical/Interventional Applications, Dentistry, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022– 2032." Get Detailed Report Description Here:
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The OLED displays segment is dominating the market with the largest market share over the forecast period.
The worldwide medical display market is divided into three categories based on technology: LED-backlit LCD displays, CCFL-backlit LCD displays, and OLED displays. Among these segments, the OLED displays segment has the largest revenue share during the forecast period because OLED displays help healthcare practitioners see extremely minute features such as faint color changes between various tissues and hemodynamics, which many LED displays lack. Furthermore, OLED medical displays are increasingly being used in radiology and diagnostic imaging medical applications, which are expected to fuel market expansion during the forecast period.
The 27-41.9 inch panels segment is influencing the largest market share over the forecast period.
The global medical display market is bifurcated into different segments based on panel sizes such as under 22.9-inch panels, 23.9-26.9-inch panels, and 27-41.9-inch panels. The market is dominated by the 27-41.9 inch panels segment. because they are extensively used in radiology, computed tomography (CT), magnetic resonance imaging (MRI), and ultrasound.
The 2.1 to 4MP segment is influencing the largest market share over the forecast period.
The global medical display market is divided into four resolution categories: up to 2Mp, 2.1 to 4Mp, 4.1 to 8Mp, and above 8Mp. The 2.1 to 4MP group leads the market. The 2.1-4MP resolution monitor is frequently used because of its suitability for surgical and diagnostic applications. Furthermore, the 2.1-4 MP medical displays provide better picture detail, larger screen real estate, multi-modality support, accurate image rendering, DICOM compliance, broad viewing angles, and reliability. These advantages will keep their market share during the forecast period.
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The diagnostic applications segment is influencing the largest market share over the forecast period.
The worldwide medical display market is segmented by application into diagnostic applications, surgical/interventional applications, dentistry, and others. Among these sectors, diagnostic applications dominate the market. The market for medical display systems in diagnostic applications is growing as display systems become more commonly employed in various imaging modalities.
North America dominates the global medical display market with the largest market growth during the forecast period
North America is expected to dominate the significant market growth during the forecast period due to rising demand for diagnostic imaging, technological advancements, and increased use of picture archiving and communication systems (PACS). The availability of improved healthcare infrastructure, as well as increasing R&D spending on medical displays, account for North America's substantial market position.
Asia Pacific is predicted to have robust revenue market growth over the projection period, due to the government's efforts to encourage the healthcare business and the region's expanding senior population. Also, the growing number of public and private healthcare facilities is increasing market demand.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in Global Medical Display Market include LG Display, FSN Medical, EIZO, Sony, Double Black Imaging, Barco, STERIS, Jusha Medical, Advantech, Quest International, and Others.
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In June 2022, EIZO Corporation's RadiForce MX243W is a 24.1-inch, 2.3-megapixel (1920 x 1200 pixel) monitor. The 24.1-inch, 2.3-megapixel (1920 x 1200 pixel) monitor is designed for rigorous monitoring and diagnosis of the full physiology of the human system in clinics and hospitals. The addition of new medical equipment to the range brought tremendous market purity.
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