Medical Display Industry Tremendous Growth and Shares | Barco, Sony Electronics, LG Display, Siemens, Dell, HP, Analogic
The Global Medical Display Market is expected to reach USD 2.59 Billion by 2025, from USD 1.83 Billion and market is growing at a CAGR of 4.4% Forecast to 2025.
Leading Players of Medical Display Market are Barco, Sony Electronics, LG Display, EIZO Inc., Siemens, BenQ Medical Technology Corp., Accuray, Alpinion Medical Systems, Mobisante, Novanta Inc., STERIS Corporation, Dell, HP, and others
This market report defines the market trends and forecast the upcoming opportunities and threats of the medical display market in the next 8 years. Medical displays are used in the medical monitoring devices such as diagnostic display, clinical, medical image consulting, endoscopy and surgical display and ultrasound display. As the population increases new diseases also discovered every year, which in turn will result in the increased disease diagnostics and requirement of medical imaging equipment. In order to increase the market value of medical display products several companies are making agreements like licensing, collaboration, merger, acquisition, and development partnership. Mindray Medical International made major contribution in the medical display market in China.
Recent Industry Developments
MobiUS SP1 system was the first product to be cleared by the FDA in January 2011 and launched in the USA market in October 2011. MobiUS SP1 system became the first cellphone-based diagnostic device to be cleared by the FDA.
In January 2017, Advantech announced to acquire 60% stake in Kostec.
This resulted in the important contribution of Advantech in the field of medical display market in South Korea. Apart from South Korea, Kostec is trying to expand worldwide. Barco technology produces better pixel and lumen devices which are used for medical imaging. Advancement of new technology in the medical display helping the market for instance, Kostec to launched new KT series of medical grade, monitors specifically designed for healthcare professionals and medical applications. KT-D190 is for radiology applications. Pixelworks is based on digital natural expression technology and measures color temperature for automated calibration.
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Segmentation: By Resolution (Above 8mp Resolution and others ), By Panel Size (Under-22.9-Inch, 23.0–26.9-Inch and others), By Display Color (Color and monochrome,) By Application (Diagnostic and Others), By Technology (LED-backlit and others), By End Users, By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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