Press release
Growth in Diagnostic Centers Drives Demand for Medical Displays : Core Growth Enabler in the Medical Display Market, 2025
Medical Display
What Will the Medical Display Industry Market Size Be by 2025?
There has been substantial growth in the size of the medical display market in the past few years. The market is projected to expand from $2.58 billion in 2024 to $2.71 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.2%. Factors contributing to this growth during the historic period include an increased need for diagnostic imaging, improvements in healthcare infrastructure, a rise in the incidence of chronic diseases, compliance with regulatory standards, and an uptick in telemedicine practices.
What's the Long-Term Growth Forecast for the Medical Display Market Size Through 2029?
The market size of medical displays is anticipated to witness substantial ascension in the forthcoming years, skyrocketing to $3.76 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. Multiple factors contribute to this growth during the forecast timeline, such as the widening scope of healthcare services, fusion with health information systems, an emphasis on preventive healthcare, a surge in demand for 3D imaging, and the rapid proliferation of ambulatory care centres. The upcoming trends during the prediction period embrace the emergence of hybrid displays, the amplified adoption of AI incorporation, transition to portable and mobile displays, improvement in colour calibration technologies, and the incorporation of cybersecurity precautions.
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What Are the Key Growth Drivers Fueling the Medical Display Market Expansion?
The burgeoning quantity of diagnostic centers is anticipated to fuel the expansion of the medical display market. Diagnostic centers are essentially medical labs that identify and diagnose ailments by examining substances like blood, triglycerides, urine, cholesterol, and others in the body. These centers rely on medical displays to present vital patient data such as heartbeat, body temperature, and blood pressure, as well as to interpret and showcase the patient's test results. Consequently, the increase in diagnostic centers fosters the growth of the medical display market. For example, the UK government's official website, GOV.UK, reported in April 2022 that as many as 160 community diagnostic centers will be established in England by 2025, with 73 already in operation; this effort is backed by unprecedented health and social care funding. Therefore, the rapid rise in diagnostic centers is accelerating the growth of the medical display market.
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What Are the Key Trends Driving Medical Display Market Growth?
A prevailing trend in the medical display market is the increasing focus on product innovations. Major firms in this market, such as the US-based LG Business Solutions USA specializing in commercial displays, enterprise mobility solutions, and solar modules, are channeling their resources towards creating new solutions to maintain their dominance in the market. An example of this is the launch of their medical-grade diagnostic monitors, the 31HN713D with a 31-inch, 12-megapixel screen. This monitor is specifically designed with an auto-luminance sensor that accommodates screen brightness according to the ambient light levels and a presence sensor that conserves energy by shutting off the display when a user is not present. It delivers multifaceted diagnostic capabilities such as 3D mammography and is fine-tuned to overcome the unique display challenges mammography poses, all the while offering a comprehensive imaging line for both remote and on-site radiologists.
How Is the Medical Display Market Segmented?
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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Which Companies Are Leading the Charge in Medical Display Market Innovation?
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.
Which Regions Are Leading the Global Medical Display Market in Revenue?
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
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