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Medical Display Market is Generating Revenue of $2.85 Billion by 2026 | Alpha Display, ASUSTeK Computer Inc
Medical Display Market
According to the research report published by Allied Market Research, the global medical display market is expected to register a CAGR of 4.8% from 2019 to 2026. The research includes changing market dynamics, top impacting factors, key investment pockets, value chain, and competitive scenario. Through tabular and graphical representation, the report offers key insights on different aspects of the market such as current market size and estimations, region-wise analysis, and opportunities. Porter’s Five Forces analysis has been mentioned in the report to outline competitive intensity. The report is a helpful source of information to unlock potential from emerging countries and expand businesses to gain international presence.
Visualization of medical images presented by PACS viewer on LCD displays has been critical part of the diagnosis procedures. Performing diagnosis with medical grade displays that provide better visualization compared to consumer displays has highlighted the importance of medical displays in healthcare facilities. These displays help streamline the diagnosis as well as surgical procedures in hospitals with improvement of quality and consistency in performance. With such benefits, medical professionals such as surgeons, radiologists, and information technology specialists need medical grade displays for better healthcare outcomes.
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The key factors that drive the growth of the global medical display market include increase in number of medical establishments and rise in healthcare expenditure. Furthermore, rise in geriatric population in the countries boosts the demand for medical-aid and medical display devices worldwide. The growth in demand for multimodality displays for radiology and various medical applications to get a detailed view of ultrasound outputs and PET further drive the growth of the global medical display market.
Based on device type, the global medical display market is divided into the desktop, mobile, and all-in-one product. The desktop segment is largest among the device type with its wide usage in major applications owing to high image quality, ease of image analysis, and others. Based on panel size, the global medical display market is divided into the under-22.9-inch panels, 23.0 to 26.9-inch panels, 27.0–41.9-inch panel, and above-42-inch panels. The 27.0–41.9-inch panel segment is largest among the panel size owing to its suitability for wide range of applications including surgical as well as diagnostics. Based on resolution, the global medical display market is divided into up to 2MP, 2.1–4MP, 4.1–8MP, and above 8MP. The 2.1–4MP segment is largest among the device type owing to its decent configuration that is suitable for multiple applications. Based on application, the global medical display market is divided into digital pathology, multi-modality, surgical, radiology, mammography, and others. The surgical segment is largest among application owing to wide usage of medical displays for surgeries with its critical impact on the quality of procedures.
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North America held the largest share of the global medical display market in 2018 owing to increase in adoption of hybrid operating rooms along with the short duration of replacement cycle supports the growth of the medical display market in North America. Moreover, the lesser budget constraints on the U.S. hospitals results in the increase in purchases of equipment including medical display. On the other hand, XX is also anticipated to be the fastest-growing regional segment during the analysis period.
The Major Key Players Are:
• Alpha Display
• ASUSTeK Computer Inc.
• Axiomtek Co., Ltd.
• Barco NV
• BenQ Medical Technology
• Coje CO., LTD.
• Dell Technologies Inc.
• Double Black Imaging Corporation
• FSN Medical Technologies
• Hisense Medical
• HP INC.
• JVC Kenwood Holdings Inc.
• Nanjing Jusha Commercial & Trading Co, Ltd.
• Shenzhen Beacon Display Technology Co., Ltd.
• Steris PLC
• EIZO Corporation (EIZO)
• Sony Corporation
• LG Display Co., Ltd.
• Novanta Inc. (Novanta)
• Advantech Co., Ltd. (Advantech).
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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