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Medical Display Market

Medical Display Market Size, Share & Segment By Device Type (Desktop, Mobile, All-in-one), By Panel Size Type (Up to-22.9-inch panels, 23.0–26.9-inch panels, 27.0–41.9-inch panels, Above-42-inch panels), By Resolution (Up to 2MP, 2.1 to 4MP, 4.1 to 8MP, Above 8MP), By Application Type (Digital pathology, Radiology, Multi-modality, Surgical, Mammography, Others), and by Regions | Global Forecast 2022-2028

Report Id: SNS/HC/1779 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Medical Display Market Size was valued at USD 2.60 billion in 2021, and is expected to reach USD 3.93 billion by 2028, and grow at a CAGR of 6.1% over the forecast period 2022-2028.

Medical display technology is popular because it produces crisper, clearer, and sharper images with less noise, and it lasts longer than conventional displays. In several areas, like mammography, chest imaging, and bone imaging, it is regarded the gold standard. Homogeneity correction, which gives considerably more consistent brightness and colour over the whole display, is one of the technologies used in medical displays to address image accuracy.

Medical Display Market

Medical displays are one of the quickest segments of the worldwide imaging market, thanks to technological advancements. The image display system's appropriate and repeatable performance is a critical component of information digital solutions in a modern radiology department. Medical imaging equipment have gained significance as a result of advances in imaging technology, an ageing population, changing epidemiological patterns, and changing patient care practice.

MARKET DYNAMICS

DRIVERS

  • Minimally invasive procedures are preferred.

  • Centers for Medical Imaging

RESTRAINT

  • High cost of Machinery

  • The ever-increasing demand for refurbished items

OPPORTUNITIES

  • Fast technological advancements

  • Patient safety and fewer incisions are on the rise.

  • The ever-increasing number of diagnostic and imaging centres

CHALLENGES

  • Lack of infrastructure in healthcare place

  • Lack of awareness

IMPACT OF COVID-19

The COVID-19 outbreak had a wide range of effects on the medical display business. During the pandemic, significant operations were deferred to stay away from the transmission of the Covid. The rate of COVID-19 patients is increasing as the acute respiratory syndrome ( sars syndrome coronavirus 2 (SARS-CoV-2) spread. The circumstance exacerbated hospitalisation, bolstering the medical display market's growth.

By Device Type

Desktop, mobile, and all-in-one are the three market segments. Desktop medical displays are believed to be more ideal for viewing of various crucial procedures such as surgeries, diagnostics, and medical imaging, and are likely to continue to lead the market in 2021. Because of its growing uses in medical software imaging and electronic medical records, the all-in-one sector will overtake the desktop segment in terms of value over the research period (EMR)

By Panel Size Type

Up to 22.9-inch panels, 23.0-26.9-inch panels, 27.0–41.9-inch panels, and above 42-inch panels make up the world medical display industry. The market is likely to be led by the 27.0–41.9-inch panel segment, which is extensively used in radiology, computed tomography (CT), magnetic resonance imaging (MRI), and ultrasound.

By Resolution

The medical display market is divided into four segments: displays with resolutions of up to 2MP (megapixels), displays with resolutions of 2.1–4MP, displays with resolutions of 4.1–8MP, and displays with resolutions of more than 8MP. The 2.1–4MP resolution screens segment has reigned supreme in 2021, owing to its reasonable configuration, which is appropriate for surgical and diagnostic applications.

By Application Type

Digital pathology, multi-modality, surgical, radiology, mammography, and other segments comprise the medical display market. The multi-modality application category is expected to remain in second place in terms of value during the assessment period, as several modalities allow healthcare facilities to use medical displays for different departments based on their needs.

COMPETITIVE LANDSCAPE

Some of the Major Key Players are as follows: Philips Healthcare, Shanghai United Imaging Healthcare Co Ltd., Beijing Leadman Biochemistry Ltd., Hologic, Inc., Esaote SpA, Hitachi Medical Corporation, Barco, and other players.

MARKET SEGMENTATION

By Device Type

  • Desktop

  • Mobile

  • All-in-one

By Panel Size Type

  • Up to-22.9-inch panels

  • 23.0–26.9-inch panels

  • 27.0–41.9-inch panels

  • Above-42-inch panels

By Resolution

  • Up to 2MP

  • 2.1 to 4MP

  • 4.1 to 8MP

  • Above 8MP

By Application Type

  • Digital pathology

  • Radiology

  • Multi-modality

  • Surgical

  • Mammography

  • Others

Medical Display Market

REGIONAL ANALYSIS

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa make up the Medical Display Market.  North America had the best piece of the pie, while Europe had the second-biggest. The region currently has the world's largest economy and is expected to continue to be a major factor in the global economy for some time. This strength in North America's worldwide market position can be attributed to its domination in terms of exporting capabilities as well as dominance in a diverse market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Medical Display Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 113.24 Billion
Market Size by 2028 US$ 106.41 Billion
CAGR CAGR of 5.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Device Type (Desktop, Mobile, All-in-one)
• By Panel Size Type (Up to-22.9-inch panels, 23.0–26.9-inch panels, 27.0–41.9-inch panels, Above-42-inch panels)
• By Resolution (Up to 2MP, 2.1 to 4MP, 4.1 to 8MP, Above 8MP)
• By Application Type (Digital pathology, Radiology, Multi-modality, Surgical, Mammography, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Philips Healthcare, Shanghai United Imaging Healthcare Co Ltd., Beijing Leadman Biochemistry Ltd., Hologic, Inc., Esaote SpA, Hitachi Medical Corporation, Barco, and other players.
DRIVERS • Minimally invasive procedures are preferred.
• Centers for Medical Imaging
RESTRAINTS • High cost of Machinery
• The ever-increasing demand for refurbished items


Frequently Asked Questions (FAQ) :

key drivers of the Medical Display Market is Minimally invasive procedures are preferred, and Centers for Medical Imaging.

The challenges faced by Medical Display is Lack of infrastructure in healthcare place, Lack of awareness.

The device type is divided into 3 sub segments is Desktop, Mobile, and All-in-one.

North America had the best piece of the pie, while Europe had the second-biggest.

The medical Display Market is expected to reach USD 106.41 billion by 2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Medical Display Market Segmentation By Device Type

8.1 Desktop

8.2 Mobile

8.3 All-in-one

 

 

9. Medical Display Market Segmentation, By Panel Size Type

9.1 Up to-22.9-inch panels

9.2 23.0–26.9-inch panels

9.3 27.0–41.9-inch panels

9.4 Above-42-inch panels

 

10. Medical Display Market Segmentation, By Resolution

10.1 Up to 2MP

10.2 2.1 to 4MP

10.3 4.1 to 8MP

10.4 Above 8MP

 

11. Medical Display Market Segmentation, By Application Type

11.1 Digital pathology

11.2 Radiology

11.3 Multi-modality

11.4 Surgical

11.5 Mammography

11.6 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13 Company Profiles

13.1 Philips Healthcare

            13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Shanghai United Imaging Healthcare Co Ltd.

13.3 Beijing Leadman Biochemistry Ltd.

13.4 Hologic, Inc.

13.5 Esaote SpA

13.6 Hitachi Medical Corporation

13.7 Barco.

 

14 Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15 Conclusion

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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