PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515461
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515461
Surgical Display and PACS Monitor Market size was valued at USD 681.5 Million in 2023, expanding at a CAGR of 13.50% from 2024 to 2032.
In order to display the patient's physiological parameters, pictures, and other data during surgeries, surgical displays, and PACS monitors are a type of display that is installed in operating rooms. Monitoring patient conditions, controlling treatments, and getting optimal outcomes helps surgeons and other medical personnel. A rise in the number of surgical procedures, advancements in technology, and increased global healthcare spending have all contributed to the surgical display and PACS monitor market's recent spectacular expansion.
Surgical Display and PACS Monitor Market- Market Dynamics
Increased Popularity of Cordless and Portable Surgical Monitors to Propel Market Growth
The increased popularity of cordless and portable surgical monitors is primarily responsible for the sharp increase in demand for surgical display and PACS monitors. These developments are transforming surgery and related treatments and giving medical professionals greater freedom. Due to their fixed screen connection, wired surgical monitors restrict the surgeon's movement within the operating room. In contrast, wireless surgical displays and PACS monitors offer answers to these issues. Furthermore, because portable monitors are more mobile, they can be utilized in all medical settings, including operating rooms, intensive care units, and emergency departments. The growing popularity of minimally invasive surgery also necessitates improved imaging and visualization capabilities, which raise the standard of surgical display and PACS monitoring and support market expansion.
Surgical Display and PACS Monitor Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 13.50% over the forecast period (2024-2032)
Based on screen size segmentation, the 27.0 - 32.9 Inch category was predicted to show maximum market share in the year 2023
Based on application segmentation, the endoscopy category was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Surgical Display and PACS Monitor Market is segmented on the basis of Screen Size, Application, End User, and Region.
The market is divided into the following categories based on screen size: <22.9 Inch, 23.0 - 26.9 Inch, 27.0 - 32.9 Inch, 33.0 - 41.9 Inch, and >42.0 Inches. The 27.0 - 32.9-inch category dominates the market. The size of the screen is critical in determining the quality of visual information conveyed to the surgical team at different stages of medical procedures, including basic and sophisticated minimally invasive surgeries. Portability and space constraints may lead to a rise in demand for monitors with screens smaller than 22.9 inches, particularly in settings where size is a concern, such as ASCs or mobile surgical units.
The market is divided into three categories based on end users: Hospitals, Ambulatory Surgery Centers, and clinics. The hospital category dominates the market and is likely to maintain its dominance during the forecast period. Hospitals are implementing cutting-edge surgical methods, like minimally invasive surgery, which necessitate high-definition screens for accurate viewing during operations. These displays increase patient happiness, lower complications, and improve surgical outcomes. Hospitals also use surgical displays and PACS monitors for educating surgeons, teaching patients, and learning about new procedures.
Surgical Display and PACS Monitor Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Over the course of the forecast period, Europe is anticipated to hold the greatest share of the global market for surgical display and PACS monitors. This anticipated leadership is due in part to several factors that increase the region's significance in the global healthcare industry. Europe boasts a highly developed healthcare system with state-of-the-art hospitals that are well-equipped and use extensive technology. This arrangement makes it possible for surgical monitors to be used more frequently in a variety of settings, such as specialized clinics, ASCs, and hospitals, which supports the surgical display and PACS monitor market expansion.
In addition, the surgical display and PACS monitor market is anticipated to expand at the fastest rate in the world during the projected period in Asia Pacific. The need for contemporary healthcare facilities that provide cutting-edge medical procedures like surgery and diagnostic imaging is increasing due to the population expansion in developing countries like China, India, and Japan. The country's aging population, which is more susceptible to chronic diseases, is increasing the need for screening and interventional operations using imaging technologies. It is anticipated to offer potential opportunities for the Asia Pacific industry to grow.
In the surgical display and PACS monitor market, Olympus Corporation, Barco, STERIS, Sony Europe B.V., and other companies are among the leading participants. Among the most popular growth methods are mergers and acquisitions; other techniques include trends and studies of cooperative strategies, partnerships, and joint ventures. Major firms are introducing new product introduction strategies in innovative ways in an attempt to expand their regional reach.
GLOBAL SURGICAL DISPLAY AND PACS MONITOR MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Olympus Corporation
Barco
STERIS
Sony Europe B.V.
LG Electronics
Shenzhen JLD Display Technology Co., Ltd. (Reshin)
EIZO GmbH
BenQ Materials Corporation
ADLINK Technology Inc.
Others