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Medical Display Market to hit $1.96 Billion, By Growing at a CAGR of 4.8% from 2019 to 2026 with Top Players are Alpha Display, ASUSTeK Computer Inc., Axiomtek Co., Ltd., Barco NV, BenQ Medical Technology

03-12-2020 02:36 PM CET | Health & Medicine

Press release from: Allied Market Research

Display Medical

Display Medical

The global medical display industry was pegged $1.96 billion in 2018 and is projected to $2.85 billion by 2026, registering a CAGR of 4.8% during the forecast period.

Rise in number of medical establishments and increase in the healthcare expenditure are the major factors that drive the growth of the market. Furthermore, surge in demands for multimodality displays for radiology and several other medical applications to get detailed view of ultrasound outputs and PET fuel the market growth. However, the higher costs associated with the medical display devices restraint the market growth up to a certain extent. On the other hand, the surge in the demand for various diagnostic procedures including ultrasound, medical resonance imaging, and X-ray is expected to provide lucrative opportunities for the market growth.

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The global medical display market is divided on the basis of device, panel size, application, and geography. Based on product, the market is segmented into mobile, desktop, and all in one. The desktop segment held the largest share in 2018, contributing to 89.8% of the market. Furthermore, this segment is expected to register the fastest CAGR of 5.0% during the forecast period.

On the basis of panel size, the market is bifurcated into under-22.9-inch panels, 23.0-26.9-inch panels, 27.0-41.9-inch panel, and above-42-inch panels. The 27.0-41.9 inch segment held the lion's share in 2018, accounting for nearly two-fifths of the market share. Moreover, the segment is projected to manifest the fastest CAGR of 5.3% during the forecast period.

Based on application, the market is bifurcated into digital pathology, multi-modality, surgical, radiology, mammography, and others. The surgical segment held the highest share in 2018, accounting for more than one-fourth of the total market share. Furthermore, the segment is expected to manifest the fastest CAGR of 5.7% during the forecast period.

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The global medical display market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market, contributing to more than one-fourth of the market in 2018. Moreover, the region is estimated to register the fastest CAGR of 5.5% during the study period.

The Major market players Are:

o Alpha Display
o ASUSTeK Computer Inc.
o Axiomtek Co., Ltd.
o Barco NV
o BenQ Medical Technology
o Coje CO., LTD.
o Dell Technologies Inc.
o Double Black Imaging Corporation
o FSN Medical Technologies
o Hisense Medical
o JVC Kenwood Holdings Inc.
o Nanjing Jusha Commercial & Trading Co, Ltd.
o Shenzhen Beacon Display Technology Co., Ltd.
o Steris PLC
o EIZO Corporation (EIZO)
o Sony Corporation
o LG Display Co., Ltd.
o Novanta Inc. (Novanta)

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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