Medical Display Market Synopsis

Medical Display Market Size Was Valued at USD 2.5 Billion in 2023 and is Projected to Reach USD 4.1 Billion by 2032, Growing at a CAGR of 5.5% From 2024-2032.

This essentially refers to a type of monitor that is designed and implemented to be used within domain-specific healthcare facilities, especially for diagnostic imaging applications which include X-ray imaging, magnetic resonance imaging, Computed tomography, and ultrasound imaging among others. These shows are designed to present color images with sharpness, contrast, and quality which is required for medical practitioners to conduct sound diagnoses and treatment planning. While commercial displays are more conventional in terms of design and come with commercial-grade specifications, medical displays are governed by specific regulatory guidelines and additional options, such as DICOM compatibility that guarantees images’ grayscale equivalence across most devices. They are vital in several areas such as radiology, pathology, surgery, and telemedicine, all of which require correct analysis of images.

•  The overall medical display market is quite large and expanding at a constant rate due to the use of medical imagery and display technologies in healthcare, and related facilities. Medical displays do play a critical role in diagnosis and treatment of patients since they are able to yield high end image quality that offers suitable references for doctors. It covers the display types such as LCD, OLED, and LED displays the three that differ in the display quality in terms of sharpness, brightness, and colors. High quality imaging is required in radiology, pathology, surgery and in multi-modality systems hence the high demand for these displays.
• Several factors are coming into play that will enable the market to grow and such are; increase in incidence of chronic diseases, increased population, and demand for minimal invasive surgeries. Other developments like 4K and 8K, have also played a role in growth of the market due to their effectiveness when it comes to producing better and more accurate images in diagnosis. Also, the rising healthcare spending to develop the healthcare infrastructure together with a rising trend in telemedicine increases the need for the enhanced medical displays. Some important market players are aimed at developing new technology and partnerships to meet the growing demands of health care market to promote the constant enhancement and implementation of the high quality of medical display solutions.

Medical Display Market Trend Analysis

Increasing adoption of 4K and 8K resolution displays

• Another important ongoing trend for the development of the medical display market is the boosting popularity of 4K and 8K technologies. High-resolution digital Mammography provides much better picture definition or quality and this is appropriate for diagnoses and planning of treatment. Health care practitioners can see details well when diagnosing illnesses through medical images; hence, enhanced performance in identifying medical conditions. This trend is so apparent due to the steady progress of the medical imaging technology and increase in complication of the existing diagnostic methods. Furthermore, the advancement of minimal invasive surgery as well the use of imagery in surgery is also making more demands for these advanced types of displays in the field of medicine.

Expansion of telemedicine and remote diagnostics

• Still, an emerging trend is the market of telemedicine and remote diagnostics, and equipment for it will only gain more popularity in the near future. While the telehealth services have been on a rise and with particular increase after the COVID-19 cases, there is a need to adopt high quality medical displays that offer good images of the patient for consultations or diagnosis from a distance. Such a shift in the devices’ orientation is a promising opportunity for manufacturers to create and advertise displays intended for telemedicine uses with tight accuracy and stability standards crucial for medical images. Furthermore, the incorporation of such functionalities like AI-based image analysis or real-time collaboration into these displays might broaden the is-sues of application of the medical displays in the sphere of remote healthcare and open new perspectives for development of this market.

Medical Display Market Segment Analysis:

Medical Display Market Segmented on the basis of Device, Resolution and Application.

By Device, Desktop segment is expected to dominate the market during the forecast period

• The report also identified the desktop segment as the largest and fastest-growing segment within the medical display market during the specified timeframe since it is commonly used in numerous medical applications. Desktop medical displays are widely used in health care organizations to deliver very clear and accurate images and colors which are important in diagnostic functions. These displays are widely used in radiology, pathology, and other diagnostic departments where intricate picture analysis is pertinent.
•  Also, desktop medical displays can be deemed to have other features such as DICOM compatibility, variable intensity, and ergonomic arrangements making the device more effective to use. Other factors that contribute to the proliferation of displays include improved innovations in the display technologies including the ultra-high-definition display technologies in the current market include the four-k and eight-k monitors. By striving for a higher level of accuracy and elaborated diagnostics the desktop segment will continue to be the leader in the medical display market.

By Resolution, 4.1 to 8Mp segment expected to held the largest share

• Thus, a medical display with 1 to 8M p resolution segment is expected to have largest share in the medical display market due to vision care services in various medical applications involving high resolution images. Resolution in this range is considered optimal in terms of the image detail and costs, which is why displays of this type are suitable for diagnostic procedures and most clinic specialties, including radiology, pathology, and surgeries. The increase in the fineness in the propagation of sound signals that results from the development of 4. 1 to 8Mp displays enable the healthcare professional to see the tiny clinically significant details on the images leading to correct diagnosis and improved patients’ care. This resolution range is especially useful in cases that demand good visualization, for example, in diagnosing variations in imaging investigations.
• Moreover, according to the present healthcare trends as costumers in the healthcare equipment and technologies, the applications of the advanced imaging technologies in diagnosis steps will keep increasing, and for this reason, this resolution segment will maintain its leading market share.

Medical Display Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• Keys factors such as the growing number of surgical and other medical procedures in the region and increasing healthcare expenditure will make the Asia Pacific region to continue dominating the medical display market throughout the forecast period. This region has witnessed the expansion of healthcare facilities at a rapid rate along with, more investment in healthcare technologies, which in turn is pushing the demand of high quality medical displays. China, India, and Japan are the major markets in Asia where their healthcare industry is rapidly developing due to governmental promotion and increasing health care costs.
• Also, the rising incidence of chronic diseases and the aging population are expanding the demand for more sophisticated diagnostic and imaging capabilities. The growing concept of medical tourism in the region also plays a significant role in increasing the expectations for the availability of top-notch medical equipment in diagnosis. In addition, there are many key navigation display manufacturers in the region alongside having access to affordable production facilities which continue to encase the Asia Pacific region as one of the most dominant markets globally for medical displays.

Active Key Players in the Medical Display Market

• Advantech Co., Ltd. (Taiwan)
• Barco NV (Belgium)
• BenQ Medical Technology (Taiwan)
• Canon Medical Systems Corporation (Japan)
• COJE Co., Ltd. (South Korea)
• EIZO Corporation (Japan)
• FSN Medical Technologies (USA)
• GE Healthcare (USA)
• Hisense Medical (China)
• LG Display Co., Ltd. (South Korea)
• NDS Surgical Imaging (USA)
• Novanta Inc. (USA)
• Philips Healthcare (Netherlands)
• Siemens Healthineers AG (Germany)
• Sony Corporation (Japan)
• Other key Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Medical Display Market by Device
 4.1 Medical Display Market Snapshot and Growth Engine
 4.2 Medical Display Market Overview
 4.3 Desktop
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Desktop: Geographic Segmentation Analysis
 4.4 Mobile
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Mobile: Geographic Segmentation Analysis
 4.5 All in one
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 All in one: Geographic Segmentation Analysis

Chapter 5: Medical Display Market by Resolution
 5.1 Medical Display Market Snapshot and Growth Engine
 5.2 Medical Display Market Overview
 5.3 Up to 2Mp
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Up to 2Mp: Geographic Segmentation Analysis
 5.4 2.1 to 4Mp
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 2.1 to 4Mp: Geographic Segmentation Analysis
 5.5 4.1 to 8Mp
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 4.1 to 8Mp: Geographic Segmentation Analysis
 5.6 Above 8Mp
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Above 8Mp: Geographic Segmentation Analysis

Chapter 6: Medical Display Market by Application
 6.1 Medical Display Market Snapshot and Growth Engine
 6.2 Medical Display Market Overview
 6.3 Multi-Modality
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Multi-Modality: Geographic Segmentation Analysis
 6.4 Digital Pathology
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Digital Pathology: Geographic Segmentation Analysis
 6.5 Radiology
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Radiology: Geographic Segmentation Analysis
 6.6 Surgical
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Surgical: Geographic Segmentation Analysis
 6.7 Mammography
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Mammography: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Medical Display Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 ADVANTECH CO LTD (TAIWAN)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 BARCO NV (BELGIUM)
 7.4 BENQ MEDICAL TECHNOLOGY (TAIWAN)
 7.5 CANON MEDICAL SYSTEMS CORPORATION (JAPAN)
 7.6 COJE CO LTD (SOUTH KOREA)
 7.7 EIZO CORPORATION (JAPAN)
 7.8 FSN MEDICAL TECHNOLOGIES (USA)
 7.9 GE HEALTHCARE (USA)
 7.10 HISENSE MEDICAL (CHINA)
 7.11 LG DISPLAY CO LTD (SOUTH KOREA)
 7.12 NDS SURGICAL IMAGING (USA)
 7.13 NOVANTA INC (USA)
 7.14 PHILIPS HEALTHCARE (NETHERLANDS)
 7.15 SIEMENS HEALTHINEERS AG (GERMANY)
 7.16 SONY CORPORATION (JAPAN)
 7.17 OTHER KEY PLAYERS

Chapter 8: Global Medical Display Market By Region
 8.1 Overview
 8.2. North America Medical Display Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Device
   8.2.4.1 Desktop
   8.2.4.2 Mobile
   8.2.4.3 All in one
  8.2.5 Historic and Forecasted Market Size By Resolution
   8.2.5.1 Up to 2Mp
   8.2.5.2 2.1 to 4Mp
   8.2.5.3 4.1 to 8Mp
   8.2.5.4 Above 8Mp
  8.2.6 Historic and Forecasted Market Size By Application
   8.2.6.1 Multi-Modality
   8.2.6.2 Digital Pathology
   8.2.6.3 Radiology
   8.2.6.4 Surgical
   8.2.6.5 Mammography
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Medical Display Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Device
   8.3.4.1 Desktop
   8.3.4.2 Mobile
   8.3.4.3 All in one
  8.3.5 Historic and Forecasted Market Size By Resolution
   8.3.5.1 Up to 2Mp
   8.3.5.2 2.1 to 4Mp
   8.3.5.3 4.1 to 8Mp
   8.3.5.4 Above 8Mp
  8.3.6 Historic and Forecasted Market Size By Application
   8.3.6.1 Multi-Modality
   8.3.6.2 Digital Pathology
   8.3.6.3 Radiology
   8.3.6.4 Surgical
   8.3.6.5 Mammography
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Medical Display Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Device
   8.4.4.1 Desktop
   8.4.4.2 Mobile
   8.4.4.3 All in one
  8.4.5 Historic and Forecasted Market Size By Resolution
   8.4.5.1 Up to 2Mp
   8.4.5.2 2.1 to 4Mp
   8.4.5.3 4.1 to 8Mp
   8.4.5.4 Above 8Mp
  8.4.6 Historic and Forecasted Market Size By Application
   8.4.6.1 Multi-Modality
   8.4.6.2 Digital Pathology
   8.4.6.3 Radiology
   8.4.6.4 Surgical
   8.4.6.5 Mammography
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Medical Display Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Device
   8.5.4.1 Desktop
   8.5.4.2 Mobile
   8.5.4.3 All in one
  8.5.5 Historic and Forecasted Market Size By Resolution
   8.5.5.1 Up to 2Mp
   8.5.5.2 2.1 to 4Mp
   8.5.5.3 4.1 to 8Mp
   8.5.5.4 Above 8Mp
  8.5.6 Historic and Forecasted Market Size By Application
   8.5.6.1 Multi-Modality
   8.5.6.2 Digital Pathology
   8.5.6.3 Radiology
   8.5.6.4 Surgical
   8.5.6.5 Mammography
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Medical Display Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Device
   8.6.4.1 Desktop
   8.6.4.2 Mobile
   8.6.4.3 All in one
  8.6.5 Historic and Forecasted Market Size By Resolution
   8.6.5.1 Up to 2Mp
   8.6.5.2 2.1 to 4Mp
   8.6.5.3 4.1 to 8Mp
   8.6.5.4 Above 8Mp
  8.6.6 Historic and Forecasted Market Size By Application
   8.6.6.1 Multi-Modality
   8.6.6.2 Digital Pathology
   8.6.6.3 Radiology
   8.6.6.4 Surgical
   8.6.6.5 Mammography
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Medical Display Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Device
   8.7.4.1 Desktop
   8.7.4.2 Mobile
   8.7.4.3 All in one
  8.7.5 Historic and Forecasted Market Size By Resolution
   8.7.5.1 Up to 2Mp
   8.7.5.2 2.1 to 4Mp
   8.7.5.3 4.1 to 8Mp
   8.7.5.4 Above 8Mp
  8.7.6 Historic and Forecasted Market Size By Application
   8.7.6.1 Multi-Modality
   8.7.6.2 Digital Pathology
   8.7.6.3 Radiology
   8.7.6.4 Surgical
   8.7.6.5 Mammography
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research