PUBLISHER: The Business Research Company | PRODUCT CODE: 1664484
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664484
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 $2.58 billion in 2024 to $2.71 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growing demand for diagnostic imaging, advancements in healthcare infrastructure, increasing prevalence of chronic diseases, regulatory standards and compliance, rise in telemedicine practices.
The medical display market size is expected to see strong growth in the next few years. It will grow to $3.76 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to expansion of healthcare services, integration with health information systems, focus on preventive healthcare, increasing demand for 3d imaging, rapid growth of ambulatory care centers. Major trends in the forecast period include introduction of hybrid displays, increased adoption of AI integration, shift toward portable and mobile displays, enhanced color calibration technologies, and integration of cybersecurity measures.
The increasing number of diagnostic centers is anticipated to drive the growth of the medical display market in the future. A diagnostic center is a clinical laboratory that identifies and diagnoses diseases through the analysis of blood, urine, cholesterol, triglycerides, and other bodily substances. Medical displays are essential in these centers for showing vital patient signs, such as pulse rate, body temperature, and blood pressure, as well as for interpreting and displaying test results. Therefore, the expansion of diagnostic centers is fueling the growth of the medical display market. For example, in April 2022, the GOV.UK website reported that England plans to establish up to 160 community diagnostic centers by 2025, with 73 already in operation. This initiative is backed by unprecedented funding levels for health and social care, further emphasizing the impact of increasing diagnostic centers on the medical display market.
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 include Siemens AG, Sony Corporation, EIZO Corporation, Steris Corporation, Advantech Co Ltd., LG Electronics, Barco, BenQ Medical Technology, Novanta Inc., Double Black Imaging Corporation, Coje Co Ltd., FSN Medical Technologies, Jusha Medical, Stryker Corporation, Ampronix LLC, Carl Zeiss Meditec AG, Conmed Corporation, Hologic Inc., Image Diagnostics Inc., JVC Kenwood Corporation, Mediso Medical Imaging Systems, NDS Surgical Imaging LLC, NEC Display Solutions, Planar Systems Inc., Shimadzu Corporation, Ziehm Imaging GmbH, Zonare Medical Systems Inc.
North America was the largest region in the medical display market in 2024. 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.
Medical Display Global Market Report 2025 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.
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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.