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Medical Display Monitor Market Opportunities by Types, Top Manufactures and Application in Grooming Regions

05-25-2018 07:24 AM CET | Health & Medicine

Press release from: P&S Market Research

Medical Display Monitor Market Opportunities by Types, Top

Global medical display monitor market is expected to attain revenue of $2.8 billion by 2023, according to P&S Market Research.
Among all technologies, the demand for organic light-emitting diode (OLED) technology is expected to exhibit the fastest growth in the medical display monitor market, with a CAGR of 5.4%, during the forecast period. The technology is also predicted to generate revenue of more than $70.0 million by 2023.

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Displays with 5MP–8MP resolution held the largest share in the medical display monitor market in 2017, accounting for 30.5% share. This can be attributed to the fact that these monitors offer better-quality images in various surgical and diagnostic applications, as compared to other monitors. During the forecast period, the market for colored medical display monitors is expected to witness faster growth, at a CAGR of 5.2%. This is because of the high preference for these monitors for surgical and diagnostic purposes.

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Monitors of 23.0–26.9-inch panel sizes held the largest share in the medical display monitor market in 2017, accounting for 38.7% share. Diagnostics forms the largest application area of medical display monitors and is also anticipated to project the fastest growth, at a CAGR of 5.3%, in the market, during the forecast period. This can be attributed to the increasing adoption of these monitors in various imaging techniques, such as X-ray, magnetic resonance imaging, and computed tomography.

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In June 2016, EIZO Corporation acquired the endoscopy monitor business of Panasonic Healthcare Co. Ltd. The acquisition was part of the company’s mid-term business plan, announced in 2015, to expand in the healthcare market, with a particular focus on OR. With this acquisition, EIZO Corporation aimed at providing a complete line-up of endoscopy monitors, including 3D and 4K ones, and gaining a significant competitive advantage in product development.

Some of the other key players operating in the global medical display monitor market are Siemens AG, Sony Corporation, Novanta Inc., Barco NV, LG Display Co. Ltd., Advantech Co. Ltd., Jusha Medical, JVCKENWOOD Corporation, and Steris plc.

About P&S Market Research
P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research-based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

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