Medical Display Global Market Report 2024

Description

“Medical Display Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on medical display market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for medical display? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The medical display market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Display Color: Monochrome Displays; Color Displays
2) By Technology: Light Emitting Diode (LED); Backlit Liquid Crystal Display; Organic Light Emitting Diode (OLED) Display; Cold Cathode Fluorescent Light (CCFL)
3) By Device: Desktop; Mobile; All In One
4) By Application: Digital Pathology; Multi-Modality; Surgical; Radiology; Mammography; Other Applications
5) By End User: Hospitals; Diagnostic Centers; Community Healthcare
Companies Mentioned: Siemens AG; Sony Corporation; EIZO Corporation; Steris Corporation; Advantech Co Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A medical display is a device featuring a screen that exhibits electronic images, including vital signs such as pulse, blood pressure, and other medical attributes, within healthcare settings.

The primary color types for medical displays include monochrome displays and color displays. Monochrome refers to a computer display system in which computer text and images are presented in varying shades of only one color. Various display technologies include light-emitting diode (LED), backlit liquid crystal display, organic light-emitting diode (OLED) display, and cold cathode fluorescent light (CCFL). These technologies are applied in desktops, mobile devices, and all-in-one systems, with usage in digital pathology, multi-modality, surgical procedures, radiology, mammography, and other medical applications. End-users of medical displays include hospitals, diagnostic centers, and community healthcare facilities.

The medical display market research report is one of a series of new reports from The Business Research Company that provides medical display market statistics, including medical display industry global market size, regional shares, competitors with a medical display market share, detailed medical display market segments, market trends and opportunities, and any further data you may need to thrive in the medical display industry. This medical display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medical display market size has grown strongly in recent years. It will grow from $2.47 billion in 2023 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The expansion observed in the historical period can be attributed to the growing demand for diagnostic imaging, advancements in healthcare infrastructure, the increasing prevalence of chronic diseases, adherence to regulatory standards and compliance, and the rise in telemedicine practices.

The medical display market size is expected to see strong growth in the next few years. It will grow to $3.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to the expansion of healthcare services, integration with health information systems, a focus on preventive healthcare, the increasing demand for 3D imaging, and the rapid growth of ambulatory care centers. Major trends expected in the forecast period include the introduction of hybrid displays, increased adoption of AI integration, a shift toward portable and mobile displays, enhanced color calibration technologies, and the integration of cybersecurity measures into medical displays.

The anticipated growth of the medical display market is driven by the increasing number of diagnostic centers. Diagnostic centers, which detect and diagnose diseases through clinical testing, utilize medical displays to present vital signs and interpret test results. This demand is escalating as reflected in the revenue of United States medical and diagnostic laboratories, which increased from USD 12.41 billion in Q2 2020 to USD 16.93 billion in Q2 2021. Additionally, the Centers for Medicare and Medicaid Services reported a 13% increase in the number of certified clinical laboratories in the United States, rising from 286,396 in 2020 to 323,086 in 2021.

Government initiatives in healthcare research and development are expected to further boost the medical display market. These initiatives, aimed at addressing specific health-related goals, have seen significant funding, such as the UK government's commitment of £260 million (US $270.65 million) to support healthcare research and manufacturing. These funds contribute to projects in diagnostics, treatment, privacy-preserving platforms, and clinical research services, indicating strong government support for advancements in medical display technology.

The anticipated expansion of the medical display market is also driven by rising healthcare expenditure. The increasing spending on healthcare costs, amounting to $331 billion in 2022, plays a crucial role in supporting the development and accessibility of medical display technologies. The growth rate of 0.8% in 2022 and 7.6% in 2021 showcases the financial commitment to healthcare, which in turn contributes to the growth of the medical display market.

The medical display market is witnessing a notable trend in product innovation, with major companies actively developing novel solutions to maintain their market positions. LG Business Solutions USA, a prominent US-based company specializing in commercial displays, enterprise mobility solutions, and solar modules, has introduced a noteworthy product. Specifically, the 31-inch, 12-megapixel 31HN713D medical-grade diagnostic monitors address critical needs in healthcare. These monitors are equipped with advanced features, including an auto-luminance sensor that adapts screen brightness to ambient lighting conditions and a built-in presence sensor that conserves energy by turning off the display when not in use. Designed for various diagnostic studies, including 3D mammography, these monitors are optimized to meet the challenges of mammography displays, providing a comprehensive imaging solution for both remote and in-hospital radiologists.

Major companies in the medical display market are embracing cutting-edge technologies, such as light-emitting diodes (LEDs). An LED is a semiconductor device that emits light when an electric current passes through it. This emission of light results from the recombination of electrons with electron holes within the semiconductor, releasing energy in the form of photons. For example, in January 2023, Barco, a leading Belgium-based technology company, unveiled an advanced LED solution as part of its next-gen LED lineup, complemented by TruePix technology. This innovative NT series stands out with exceptional image performance and top-notch color quality, driven by Barco's Infinipix Gen2 processing. Specifically designed for LED video walls that demand impactful visuals, the NT series surpasses typical expectations, showcasing the industry's commitment to leveraging state-of-the-art display technologies.

Major companies operating in the medical display market report are Siemens AG, Sony Corporation, EIZO Corporation, Steris Corporation, Advantech Co Ltd., LG Electronics, Quest International Inc., HP Development Company L P, Barco, BenQ Medical Technology, Dell Inc., Novanta Inc., Double Black Imaging Corporation, Nanjing Jusha Commercial &Trading Co Ltd., Coje Co Ltd., Sony Electronics Inc., FSN Medical Technologies, Jusha Medical, Stryker Corporation, Accuray Incorporated, AccuVein Inc., Ampronix LLC, Carl Zeiss Meditec AG, Conmed Corporation, Hologic Inc., Image Diagnostics Inc., Intermed NDT, JVC Kenwood Corporation, Mediso Medical Imaging Systems, NDS Surgical Imaging LLC, NEC Display Solutions, Planar Systems Inc., Shimadzu Corporation, Sony Medical Systems, Toshiba Medical Systems Corporation, ViewSonic Corporation, WIDE Corporation, Ziehm Imaging GmbH, Zonare Medical Systems Inc

North America was the largest region in the medical display market in 2023. The regions covered in the medical display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the medical display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The medical display market consists of display sales of holography, surgical field cameras, monitors and servers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11132

1. Executive Summary

2. Medical Display Market Characteristics

3. Medical Display Market Trends And Strategies

4. Medical Display Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Medical Display Market Size and Growth

5.1. Global Medical Display Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Medical Display Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Medical Display Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Medical Display Market Segmentation

6.1. Global Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Monochrome Displays
Color Displays
6.2. Global Medical Display Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Light Emitting Diode (LED)
Backlit Liquid Crystal Display
Organic Light Emitting Diode (OLED) Display
Cold Cathode Fluorescent Light (CCFL)
6.3. Global Medical Display Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Desktop
Mobile
All In One
6.4. Global Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Digital Pathology
Multi-Modality
Surgical
Radiology
Mammography
Other Applications
6.5. Global Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals
Diagnostic Centres
Community Healthcare

7. Medical Display Market Regional And Country Analysis

7.1. Global Medical Display Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Medical Display Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Medical Display Market

8.1. Asia-Pacific Medical Display Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Medical Display Market

9.1. China Medical Display Market Overview
9.2. China Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Medical Display Market

10.1. India Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Medical Display Market

11.1. Japan Medical Display Market Overview
11.2. Japan Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Medical Display Market

12.1. Australia Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Medical Display Market

13.1. Indonesia Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Medical Display Market

14.1. South Korea Medical Display Market Overview
14.2. South Korea Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Medical Display Market

15.1. Western Europe Medical Display Market Overview
15.2. Western Europe Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Medical Display Market

16.1. UK Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Medical Display Market

17.1. Germany Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Medical Display Market

18.1. France Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Medical Display Market

19.1. Italy Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Medical Display Market

20.1. Spain Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Medical Display Market

21.1. Eastern Europe Medical Display Market Overview
21.2. Eastern Europe Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Medical Display Market

22.1. Russia Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Medical Display Market

23.1. North America Medical Display Market Overview
23.2. North America Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Medical Display Market

24.1. USA Medical Display Market Overview
24.2. USA Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Medical Display Market

25.1. Canada Medical Display Market Overview
25.2. Canada Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Medical Display Market

26.1. South America Medical Display Market Overview
26.2. South America Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Medical Display Market

27.1. Brazil Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Medical Display Market

28.1. Middle East Medical Display Market Overview
28.2. Middle East Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Medical Display Market

29.1. Africa Medical Display Market Overview
29.2. Africa Medical Display Market, Segmentation By Display Color, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Medical Display Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Medical Display Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Medical Display Market Competitive Landscape And Company Profiles

30.1. Medical Display Market Competitive Landscape
30.2. Medical Display Market Company Profiles
- 30.2.1. Siemens AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Sony Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. EIZO Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Steris Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Advantech Co Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Medical Display Market Competitive Benchmarking

32. Global Medical Display Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Medical Display Market

34. Medical Display Market Future Outlook and Potential Analysis

34.1 Medical Display Market In 2028 - Countries Offering Most New Opportunities
34.2 Medical Display Market In 2028 - Segments Offering Most New Opportunities
34.3 Medical Display Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer