Medical Grade Display Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
- Medical Equipments
Imaging has been a crucial technology in the development of clinical
field as it has helped in enhancing the diagnostic abilities as well
therapeutic procedure performance. Displays play a major role in the
medical imaging field as they offer real time image of the organ or the
subject of interest to physicians or surgeons. The medical grade display
differs from the conventional display as the former offers better
luminance, better grayscale production, and higher contrast ratios. The
high resolution display plays a crucial role during surgeries as it helps
in differentiating among vascular structures in the organ and evaluation of
diseased lesions. Medical displays are used across specialties such as
radiology, surgical, dental, and diagnostic. Rapid technological advances
in the imaging industry have contributed to the growth of the global
medical grade display market.
Increasing demand for short-term hospital stays, less incision, and safety of patients has led to the surge in minimally invasive procedures such as endoscopy and arthroscopy, which is projected to drive the expansion of the global market for medical grade display in the near future. In addition, rise in demand for diagnostic imaging such as computed tomography, medical resonance imaging, X-ray, and ultrasound is anticipated to propel the market growth. High health care expenditure from both public and private sectors and growing investment in health care infrastructure development in emerging markets are likely to boost the growth of the market during the forecast period. However, availability of low cost conventional as well commercial displays is anticipated to restrain the growth of the global market for medical grade display.
The global medical grade display market is segmented based on technology, resolution, imaging, end-user, and region. In terms of technology, the market has been segmented into liquid crystal display (LCD), light-emitting diode (LED), and organic light-emitting diode (OLED). With the introduction of LCD displays, the market has seen a drastic shift from conventional CRT displays. It is projected to shift further to LED displays as these displays offer better color differentiation at lower temperature. In terms of resolution, the global market is segmented into less than 2 megapixel (MP), 2.1 to 3 MP, 3.1 to 4 MP, 4.1 to 5 MP, and more than 5.1 MP. Choice of the medical grade display vary with its application area such as for CT, MRI and other imaging modalities, display with resolution of 2 MP is recommended while for mammography, orthopedic and few surgical application display with resolution of minimum 5 MP is used. In terms of imaging, the market is categorized into two-dimensional and three-dimensional segments. Based on end-user, the global market for medical grade display is segmented into hospitals, ambulatory surgical centers, diagnostic laboratories, research institutes, and others. Increasing adoption of minimally invasive technology and growing number of ambulatory surgical centers are likely to propel the market growth of the ambulatory surgical centers segment during the forecast period.
Geographically, the global medical grade display market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. High adoption rate of technology and high health care expenditure from both public and private sectors are likely to contribute to the high market share of North America. Europe is anticipated to account for a significant share of the global market during the forecast period due to well-established health care infrastructure. Increasing number of public as well private health care facilities in emerging markets such as China and India is likely to fuel the growth of the Asia Pacific market. High cost and reluctance in the adoption of medical grade displays in underdeveloped countries are projected to hamper the market growth in Latin America and Middle East & Africa.
Major players operating in the global medical grade display market include Barco, NEC Display Solutions, Advantech Co., Ltd., EIZO Inc., NDS Surgical Imaging, LLC, Ampronix Inc., Sony Electronics Inc., FSN Medical Technologies, Contec, Koninklijke Philips N.V., Panasonic Healthcare Co., Ltd., and Nanjing Jusha Display Technology Co., Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Medical Equipments
Medical DevicesNebulizers-Medical Devices Pipeline Product Landscape, 2021