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Medical Display Monitor Market Regional Revenue, Trends, Opportunities and Future Prospects Analysis with Key Company Like Siemens, Sony Corporation, Novanta, Barco, LG, Advantech, Jusha Medical, JVCKENWOOD Corporation, Steris

07-22-2019 08:03 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Medical Display Monitor Market Regional Revenue, Trends,

The market is mainly driven by increasing prevalence of chronic diseases, increasing demand for minimally invasive treatments, rising adoption of hybrid operating room (OR) technologies, and short replacement cycle of medical display technologies.

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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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During the forecast period, the medical display monitor market is expected to witness the fastest growth in LATAM. Advanced diagnostic imaging technologies are leading to a high demand for medical imaging devices, which, in turn, is boosting the market growth in LATAM.

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According to a report published by the United Nations Department of Economic and Social Affairs (UNDESA) in 2017, the number of people aged 65 years and above in Brazil is expected to reach approximately 58 million by 2050. Therefore, increasing requirement for medical imaging devices and rising geriatric population in LATAM are expected to drive the medical display monitor market growth in the region in the coming years.

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 Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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