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Medical Display Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019-2023
2019 Research Report on Global Medical Display Market is a professional and comprehensive report on the Medical Display industry.#Download Free PDF Sample Brochure of report Global Medical Display Market 2019 across with 199 Pages and in-depth TOC Analysis @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1406699
Key Players: Barco (Belgium), EIZO (Japan), Sony (Japan), LG Display (South Korea), Novanta (US), FSN Medical (South Korea), Advantech (Taiwan), Quest International (US), STERIS (UK), Jusha Medical (China), Double Black Imaging (US), Dell (US), HP (US), Shenzhen Beacon Display (China), COJE Display (South Korea), and Axiomtek (Taiwan).
“The global medical display market projected to grow at a CAGR of 4.6%.”
The medical display market is expected to reach USD 2.33 billion by 2023 from an estimated USD 1.86 billion in 2018, at a CAGR of 4.6%.
High adoption of hybrid operating rooms, increasing preference for display assisted minimally invasive surgeries, shorter replacement cycles, rise in the number of diagnostic imaging clinics, development in healthcare infrastructure in emerging countries, and technological advancements are factors driving the medical display market. However, market saturation in matured markets and the increasing adoption of refurbished and consumer-grade displays may hinder the adoption of these solutions among healthcare providers to a certain extent.
“The OLED display segment is expected to register the highest CAGR during the forecast period.”
On the basis of technology, the medical display market is segmented into LED-backlit LCD display, CCFL-backlit LCD display and OLED displays. The OLED displays segment is expected to register the highest CAGR during the forecast period. The high growth in this segment is attributed to the fact that OLED technology is more technologically advanced than LED-backlit LCD displays and produces more vivid and high-quality images.
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“Diagnostic application is expected to grow at the highest CAGR from2018 to 2023.”
Based on application, the medical display market is segmented into diagnostic, surgical/ interventional, dentistry and other applications (clinical review, education and conferencing & training). The surgical/ interventional segment is expected to grow at the highest CAGR during the forecast period. Factors such as increasing preference for minimally invasive surgeries and the high adoption of hybrid operating room displays are the key driving factors of this market segment.
“Latin America is projected to witness the highest growth during the forecast period.”
North America held the largest share of the global medical display market in 2017.On the other hand, Latin America is expected to witness the highest CAGR during the forecast period. Factors such as government incentive programs, hospital building projects, rapid transition to digital technology are driving the Latin American market.
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