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Emerging Trends Influencing The Growth Of The Medical Display Market:Advancing Medical Imaging With Enhanced Diagnostic Monitors
The Medical Display Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Medical Display Market?
There has been a significant growth in the medical display market size over the past few years. The market is expected to increase from $2.58 billion in 2024 to roughly $2.71 billion in 2025, predicting a compound annual growth rate (CAGR) of about 5.2%. This growth during the historic period can be credited to factors such as an increase in the need for diagnostic imaging, enhancements in healthcare infrastructure, higher occurrence of chronic illnesses, regulatory norms, and compliance along with the growth in telemedicine practices.
The expectations are high for the medical display market to experience a significant expansion in the coming years, reaching $3.76 billion in 2029 with a compound annual growth rate (CAGR) of 8.5%. This substantial growth through the forecast period can be linked with few key factors such as the broadening of healthcare services, the merge with health information systems, a shift towards preventive healthcare, a surge in the demand for 3D imaging and the rapid expansion of ambulatory care centers. Among the most notable trends to be seen throughout the forecast period are the emergence of hybrid displays, the increased incorporation of AI technologies, a move towards portable and mobile displays, improvements in color calibration technologies, and the assimilation of cybersecurity measures.
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What Are the Emerging Segments Within the Medical Display Market?
The medical display market covered in this report is segmented -
1) By Display Color: Monochrome Displays, Color Displays
2) By Technology: Light Emitting Diode (LED), Backlit Liquid Crystal Display, Organic Light Emitting Diode (OLED) Display, Cold Cathode Fluorescent Light (CCFL)
3) By Device: Desktop, Mobile, All In One
4) By Application: Digital Pathology, Multi-Modality, Surgical, Radiology, Mammography, Other Applications
5) By End User: Hospitals, Diagnostic Centers, Community Healthcare
Subsegments:
1) By Monochrome Displays: Grayscale Displays, Black And White Displays
2) By Color Displays: Full-Color Displays, High-Definition Color Displays
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What Long-Term Drivers Are Shaping Medical Display Market Trends?
The expansion of diagnostic centers is anticipated to fuel the progress of the medical display market. Diagnostic centers, which are scientific clinical labs that run tests on blood, triglycerides, urine, cholesterol, and other substances to identify and diagnose diseases, are increasingly reliant on these medical displays. These displays are crucial for showing patients' vital health indicators, such as pulse rate, body temperature, and blood pressure, and for interpreting and demonstrating a patient's test results. Consequently, the rising number of diagnostic centers is propelling the medical display market's growth. For example, GOV.UK reported in April 2022 that up to 160 community diagnostic centers are estimated to be functional in England by 2025, out of which 73 are already operational. Driven by unprecedented levels of health and social care funding, this surge in diagnostic centers is augmenting the growth of the medical display market.
Who Are the Top Competitors in Key Medical Display Market Segments?
Major companies operating in the medical display market include Siemens AG, Sony Corporation, EIZO Corporation, Steris Corporation, Advantech Co Ltd., LG Electronics, Barco, BenQ Medical Technology, Novanta Inc., Double Black Imaging Corporation, Coje Co Ltd., FSN Medical Technologies, Jusha Medical, Stryker Corporation, Ampronix LLC, Carl Zeiss Meditec AG, Conmed Corporation, Hologic Inc., Image Diagnostics Inc., JVC Kenwood Corporation, Mediso Medical Imaging Systems, NDS Surgical Imaging LLC, NEC Display Solutions, Planar Systems Inc., Shimadzu Corporation, Ziehm Imaging GmbH, Zonare Medical Systems Inc.
What Medical Display Market Trends Are Gaining Traction Across Different Segments?
One significant trend in the medical display market is product innovation. Major market players are focusing on introducing new solutions to maintain their market standing. In the US, LG Business Solutions USA, a company known for its commercial displays, enterprise mobility solutions, and solar modules for various businesses, have introduced a medical-grade diagnostic monitor, a 31-inch, 12-megapixel model known as 31HN713D. The monitor, which is equipped with an auto-luminance sensor for adjusting screen brightness according to environmental light conditions, also features a built-in presence sensor that turns off the display when not in use. The monitor can be used for various diagnostic procedures, including 3D mammography, and has been specifically designed to deal with the unique challenges of mammography display. It offers a comprehensive imaging solution for both remote and in-hospital radiologists.
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Which Regions Are Becoming Hubs for Medical Display Market Innovation?
North America was the largest region in the medical display market in 2024. The regions covered in the medical display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Display Market?
2. What is the CAGR expected in the Medical Display Market?
3. What Are the Key Innovations Transforming the Medical Display Industry?
4. Which Region Is Leading the Medical Display Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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