Medical Display Market Facts, Future Scenarios, Growth: Market to Land $1,515.8 million by 2021-2026

Rise in adoption of hybrid operating rooms, short replacement cycles of medical display and surge in preference for minimally invasive treatments fuel the growth of the North America and Europe medical display market. On the other hand, market saturation in developed countries and increasing adoption of refurbished medical displays restrain the growth to some extent. However, technological advancements in imaging techniques are expected to create a number of opportunities in the near future.

According to the report published by Allied Market Research, the North America and Europe medical display market size was valued at $1,010.5 million in 2018 and is expected to reach $1,515.8 million by 2026 with a CAGR of 5.2% during the forecast period. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, "The growth in North America and Europe medical display market is due to growth in adoption of hybrid operating rooms, shorter replacement cycles of medical displays and increase in preference for minimally invasive treatments. Furthermore, growth in demand for multimodality displays for radiology and various medical applications is expected to boost the growth of the market."

Growth in adoption of hybrid operating rooms, short replacement cycles of medical displays, and increase in preference for minimally invasive treatments fuel the growth of the North America and Europe medical display market. On the other hand, market saturation in developed countries and increasing adoption of refurbished medical displays restrain the growth to some extent. However, technological advancements in imaging techniques are expected to pave the way for a number of lucrative opportunities in the near future.

U.S. held the largest share of the 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, followed by Germany. On the other hand, Germany is also anticipated to be the fastest-growing regional segment during the analysis period due to rise in expenditure in healthcare and increase the demand for medical devices in Germany.

Major players operating in the medical display market include 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), and Advantech Co., Ltd. (Advantech).

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