Medical Display Market Size Analysis:

The Medical Display Market size was USD 2.67 Billion in 2023 and is expected to reach USD 4.27 Billion by 2032 and grow at a CAGR of 5.37% over the forecast period of 2024-2032. This report provides a detailed analysis of the medical display market, focusing on adoption trends, pricing dynamics, and technological advancements. It examines the installed base growth of medical displays across hospitals and diagnostic centers, along with pricing trends and cost variations influenced by panel type and resolution. The report highlights healthcare IT integration, including AI-driven diagnostic imaging and cloud-based display solutions. It also assesses healthcare spending on advanced medical display systems across key regions. Additionally, it explores regulatory compliance with DICOM, FDA, and CE standards, ensuring high-quality imaging. Market forecasts cover 2023-2032, analyzing the impact of digitalization and rising demand for high-resolution medical displays.

Get more information on Medical Display Market - Request Sample Report

Medical Display Market Dynamics

Drivers

• Growing adoption of AI in medical imaging which drives the market growth. 

The increasing use of AI (Artificial Intelligence) in Medical Imaging is majorly driving the medical display market, as it allows for improving the diagnostic ability and automating the workflow for efficiency. AI-based imaging solutions are incorporated with picture archiving and communication systems (PACS) and radiology information systems (RIS) to read the pictures as the images are acquired, process them, and detect abnormalities. High-color accuracy and contrast in high-resolution medical displays are a must to support AI-driven diagnostics within specialties including radiology, pathology, and cardiology. Moreover, AI algorithms play a crucial role in decreasing errors in diagnosis, streamlining image processing, and aiding telemedicine applications, fuelling the uptake of 4K and 8K medical displays. Implementation of machine learning and deep learning models in diagnostic imaging is growing, which in turn, has encouraged healthcare organizations to invest in advanced DICOM-compliant medical-grade displays, fueling the market growth.

Restraint

• The high cost of advanced medical displays may hamper the market growth.

High cost is one of the major restraining factors, as advanced medical displays cannot be easily adopted by small and mid-sized healthcare facilities. The resolution premium medical-grade display monitors and AI Diagnostic Integrated Display are highly-grade medical devices and very expensive to purchase, maintain, and calibrate. Due to such high expenses, investing in state-of-the-art display technology becomes quite difficult for budget-constrained hospitals, diagnostic hubs, and telemedicine solution providers. Software integration, regulatory standards compliance (DICOM, FDA, CE), and regular/upgrading of systems are more aspects related to operational costs. This pricing hindrance limits availability, especially in developing economies, where healthcare institutes usually prefer budget-friendly options to premium medical displays. This might, however, limit general market expansion due to the slow adoption in price-sensitive regions.

Opportunity

• Growing adoption of PACS and cloud-based imaging solutions creates an opportunity in the market. 

One of the foremost opportunities for the growth of the medical display market lies in the high adoption of Picture Archiving and Communication Systems (PACS) and cloud-based imaging solutions. With PACS, the storage, retrieval, and sharing of medical images is streamlined for easier access, and film dependency is lessened, thus enhancing the efficiency of diagnosis. With more hospitals and diagnostic centers moving to cloud-based imaging, the need for higher resolution, medical-grade displays with higher color accuracy and DICOM-compliant characteristics has also increased. These high-end monitoring devices facilitate image cognition, allowing the radiologist and medical team to perform more accurate readings and ascertain a diagnosis. Furthermore, cloud integration facilitates remote access to medical images, making telemedicine and teleradiology possible, which is another factor that propels the demand for high-performance medical displays. As such, this trend is likely to accelerate the growth of the market, especially in regions investing heavily in the development of digital infrastructure for health care.

Challenges

• Compatibility issues with healthcare IT systems may create a challenge for the market.

One major challenge in the Medical Display Market is compatibility issues with healthcare IT systems, as seamless integration with Picture Archiving and Communication Systems (PACS), Electronic Medical Records (EMR), and AI-powered diagnostic tools is critical for efficient workflows. Like most legacy systems, many healthcare facilities do not have high-resolution medical displays at present or support legacy device resolution practices, hence causing interoperability issues. Software protocols, data formats, and calibration standards vary, leading to discrepancies in image rendering and diminishing diagnostic quality. In most hospitals and imaging centers, synchronizing DICOM-compliant displays with existing infrastructure is challenging, leading to IT upgrades and staff training expenses. This absence of standardization delays the adoption of innovative display solutions, preventing the digital healthcare transformation.

Medical Display Market Segmentation Analysis

By Device Type

Desktop held the largest market share, around 49% in 2023.  It is used for diagnostic imaging, radiology, and telemedicine applications among others. These displays have high-resolution imaging, calibration capability, and DICOM compliance to provide doctors with accurate diagnoses in hospitals and diagnostic centers. Above all, desktop displays are a cheap alternative to surgical and handheld displays, potentially opening wider markets for healthcare facilities. Additionally, they have the added advantage of larger screen size, multi-monitor setup support, and the best image quality to make the workflow more efficient for remote sessions for radiologists and medical professionals. In addition, the adoption of PACS integration is also driving the demand for artificial intelligence (AI)-powered diagnostic tools, further strengthening the dominance of desktop medical displays in the market.

By Panel Size Type

23.0–26.9-inch panels held the largest market share, around 42% in 2023. The perfect balance between screen size, resolution, and value, thus, is suitable for diagnostic imaging, radiology, and surgery applications. Utilizing high-resolution displays (most common are Full HD, 4K), these panels also offer increased brightness and contrast and true color clarity to enable accurate reading of images for medical diagnosis. They can be used in PACS workstations, electronic health records (EHR) viewing, and multi-monitor setups, effectively enhancing workflow efficiency in hospitals and diagnostic centers. Moreover, their adoption is further propelling due to mandatory compliance with DICOM standards and compatibility with AI-powered imaging tools. Along with this, the expanded scope of telemedicine and digitized pathology  further substantiating the rising penetration of 23.0–26.9-inch medical displays, thereby solidifying its position in the market.

By Resolution

The global medical displays market share, by resolution, is the range field of 2.1 to 4MP resolution medical displays, which accounted for the largest market share owing to favorable height of resolution against cost and also due to optimal mechanism between imaging needs in diagnostic, radiology, and clinical applications. They give a fine detail appearance of medical scans like X-rays, magnetic resonance imaging (MRI), CT scans etc. for diagnosis at low cost for hospitals and diagnostic centers. They are capable of DICOM-compliant resolution and can be integrated with PACS, EMR systems, and AI-powered diagnostic tools without demanding too much from the processing unit. In addition, multi-monitor workstations supporting 2.1 - 4MP displays are desirable for radiologists and healthcare professionals to optimize workflows. With telemedicine and remote diagnostics increasing in popularity, even 2.1 to 4MP displays have continued to grow in popularity and with better security of their respective market share.

By Application

The digital pathology market segment held the largest market share around 28% in 2023. Advancements in pathology workflows due to the transition from conventional microscopy to high-resolution digital imaging have made remote slide analyses and sharing possible for pathologists. Growing AI-based diagnostics solutions, image analysis automation, and cloud-based pathology platforms adoption have increased demand for medical-grade displays for Digital pathology. The high brightness, contrast, and accurate color reproduction from these displays allows for proper examination of tissue samples. In addition to this, growing cases of cancer and chronic disease and need for better pathology solutions has also been a driver for the market expansion. The dominance of digital pathology in medical display market is also enabled by the integration of telepathology and digital archiving.

Regional Insights

North America held the largest market share, around 42% in 2023.  It is superior healthcare infrastructure, high adoption of digital imaging technologies, and investments in AI-driven diagnostics. The presence of top medical display manufacturers and high regulatory standards including compliance with FDA, DICOM standards in the region will strongly drive the market for high quality diagnostic display. In contrast, the increasing telemedicine, teleradiology, and digital-pathology needs are increasing the uptake of high-resolution medical display used across hospitals and diagnostic centers. Moreover, the rising incidence of chronic disease such as cancer, and cardiovascular disorders have pushed the demand for imaging system to the next level. Additionally, government initiatives along with the increasing healthcare expenditure in the U.S. and Canada further enhance continuous technological advancements they promote to strengthen the hold of North America over medical display market.

Asia pacific held a significant share market share in 2023. It the largest market with the rising adoption of digital imaging and growing investments in telemedicine and AI-based diagnostics. Increasing healthcare investment in the region is supported by rising healthcare spending and some government drives to promote advanced medical technologies in China as well as Japan and India. Moreover, rising patient pool coupled with the rising cases of chronic disease have enabled hospitals and diagnostic centres to use high-resolution medical displays. The presence of major display manufacturers and medical device companies in the region also encourages market growth by providing cost-effective and efficient solutions. Additionally, high-fi digital pathology, teleradiology and tacit adoption has inflated Asia Pacific leadership in medial display market.

Need any customization research on Medical Display Market - Enquiry Now

Medical Display Market Key Players

• Barco NV (Nio Gray 5.8 MP, MDSC-8532 4K UHD Display)

• EIZO Corporation (RadiForce RX660, RadiForce GX560)

• Sony Electronics Inc. (LMD-X550MT 4K 3D Display, PVM-2551MD OLED Monitor)

• LG Electronics (32HL512D-B 4K Surgical Monitor, 27HJ712C-W Clinical Review Monitor)

• Siemens Healthineers AG (ACUSON Sequoia Ultrasound System, Multix Impact Radiography System)

• Advantech Co., Ltd. (PAX-332 32 Surgical Monitor, PDC-W240 Medical Display)

• NEC Display Solutions (MD302C6 Diagnostic Display, MD212G3 Medical Monitor)

• AsusTek Computer Inc. (ProArt PA32UCX 4K Monitor, ProArt PA27AC HDR Monitor)

• BenQ Corporation (MD310C Diagnostic Display, PD3200U Designer Monitor)

• Dell Technologies Inc. (UltraSharp UP3218K 8K Monitor, UltraSharp U2718Q 4K Monitor)

• HP Inc. (Healthcare Edition HC270cr Clinical Review Monitor, Z27n G2 Display)

• ViewSonic Corporation (VG2448a 24" Monitor, VP3268-4K Professional Monitor)

• JVC Kenwood Corporation (CL-S600 6MP Diagnostic Monitor, MS-S500 5MP Monitor)

• WIDE Corporation (IF2105MP 5MP Diagnostic Display, IF2103MP 3MP Monitor)

• Nanjing Jusha Display Technology Co., Ltd. (C61W 6MP Diagnostic Monitor, M55W 5MP Monitor)

• Shenzhen Beacon Display Technology Co., Ltd. (M550G 5MP Diagnostic Monitor, M320G 3MP Monitor)

• FSN Medical Technologies (FS-P3102D 31 4K Display, FS-L2702D 27 HD Monitor)

• Axiomtek Co., Ltd. (MPC153-834 Medical Panel Computer, MPC240 24 Medical Panel PC)

• Coje Co., Ltd. (CME-261QA 26 Surgical Monitor, CME-191QA 19 Medical Monitor)

• Diva Laboratories, Ltd. (Diva DICOM Viewer, Diva Medical Image Server)

Recent Development in the Medical Display Market:

• In September 2024, Philips CEO Roy Jakobs outlined the company's turnaround strategy following a significant recall, highlighting a commitment to healthcare innovation, AI-driven diagnostic advancements, and enhanced process improvements to prioritize patient safety and quality.

• In March 2023, EIZO announced that its RadiForce medical monitors and the latest version of RadiCS quality control software meet the new IEC 62563-2 international standard established by the International Electrotechnical Commission.