Market Overview:
Surgical Instrument Tracking System Market Size Was Valued at USD 228.87 Million in 2023, and is Projected to Reach USD 400.01 Million by 2032, Growing at a CAGR of 6.4% From 2024-2032.
Surgical monitors ensure that the patient’s anatomy is presented in a realistic manner. It is crucial that images are generated promptly and without any lag, especially in image-guided surgery. Because what patients see on the screen corresponds with what actually occurs in real-time, this assures that surgeons have stronger hand-eye synchronization. For surgical monitors to be recognized as medical displays, the necessary certificates must be present. To assure the greatest image, medical-grade displays are made to be incredibly resilient, sealed, and equipped with high-quality panels. Surgical monitors may provide high-definition or 4K vision and can be mounted to surgical light arms, equipment columns, or walls. Surgical monitors can take many different forms and shapes. They range from large-screen OR monitors to screens placed close to patients.
Top Key Players in Surgical Monitors Market:
Siemens, Steris Stryker, Alcon, Eizo Inc., Barco, Koninklijke Philips N.V, Ambu A/S, Olympus Corporation, and Other major players.
Market Dynamics and Factors for Surgical Monitors Market:
Drivers:
Growing Prevalence of the Chronic Diseases
The management of chronic diseases often involves surgical interventions, such as cardiac surgeries, tumor resections, and joint replacements. As the prevalence of chronic diseases grows, the number of surgeries related to their treatment also increases, leading to higher demand for surgical monitors.
Surgical monitors play an important role in providing real-time data and feedback to healthcare professionals during surgical procedures. These monitors help in continuously assessing vital signs, blood pressure, oxygen saturation, and other critical parameters, ensuring patient safety and successful surgical outcomes.
Opportunities:
Technological Advancements in Surgical Monitor Instruments
Technological innovations have led to the development of surgical monitors with higher-resolution displays and enhanced image quality. Clearer and more detailed visuals aid surgeons in making precise decisions during surgery, improving accuracy and patient outcomes.
Advanced surgical monitors now have the capability to display multiple imaging modalities simultaneously, such as ultrasound, X-ray, and endoscopy images. This integration allows surgeons to access a comprehensive view of the surgical site, facilitating better assessment and planning. Modern surgical monitor instruments can process and display real-time data, including vital signs, patient parameters, and image analysis. This real-time data analysis provides surgeons and healthcare professionals with immediate feedback, enabling prompt intervention and adjustments during surgery.
Segmentation Analysis of the Surgical Monitors Market:
By Application, the Endoscopy segment had the largest market share. Surgical monitors enable real-time visualization of the endoscope's camera feed, providing clear and high-resolution images of the internal organs and structures being examined. This real-time feedback is crucial for healthcare professionals to navigate and manipulate the endoscope accurately during the procedure.
By End User, Hospital is likely to dominate in this area. The segment growth is attributed to an increase in demand for better imaging technology and a rise in the implementation of integrated solutions for operational and clinical efficiency in hospital settings.
Regional Analysis of the Surgical Monitors Market:
The North American region is expected to hold the largest market share. The surgical monitor market in North America is expanding owing to the adoption of cutting-edge surgical monitoring technology and favorable government policies that permit the purchase and reimbursement of cutting-edge surgical imaging devices. As the second largest medical device market in the world, Asia-Pacific is predicted to dominate the market. Due to the constantly expanding healthcare sector and increase in medical display production, China dominates the Asia-Pacific area.
Key Industry Development:
In September 2021, EIZO released Large Monitor Manager with Triple 4K Output for Increased Flexibility and Efficiency in the Operating Room.
In January 2021, ADLINK Technology, Inc. launched a series of medical-grade surgical monitors-the ASM (ADLINK Surgical Monitor) series to visualize videos and still images from multiple clinical imaging systems in ORs, ICUs, and emergency & examination rooms.
