Global Monochrome Medical Monitor Market – Global Industry Analysis 2024

Monochrome medical monitors are higher resolution and efficient than color monitors

Monochrome medical monitors display image of a single color, however, in varied shades. It may include white, green or amber screens. It shows a greyscale medical display. Cathode Ray Tube (CRT) technology is the first ever technology used for monochrome displays. Nowadays, LCD and LED are widely available. The emerging trend is to shift from CRT displays to LCD displays for medical imaging. This kind of medical monitors provide higher resolution as compared to color monitors and monochrome display monitors are more efficient in displaying the image in comparison to color monitors. Monochrome medical monitors are widely preferred by healthcare professionals for application in diagnostic radiology due to its higher luminance. The monitors are connected to a picture archiving and communication system (PACS) work station for image display. Monochrome medical monitors are considered as highly efficient in delivering imaging solutions in the field of diagnostics, radiology, surgery and others.

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Increasing number of surgeries and diagnostic tests are driving the monochrome medical monitors market

Increasing prevalence of chronic diseases such as diabetes, stroke, asthma and obesity is one of the leading causes for the growth of the monochrome medical monitors market. Rising number of surgical procedures due to it is expected to drive the demand for these monitors pertaining to surgical displays. According to American Society of Plastic Surgeons, 1.7 million cosmetic surgeries had been performed in 2015 globally, which is an increase of 2% from the 2014 data. Moreover, with growing diagnostic tests and awareness among people in early diagnosis and treatment of diseases is also anticipated to accentuate the sales of monochrome medical monitors. However, monochrome medical monitors are considered as costlier than color monitors. This is mainly due to the fact that they generate high resolution pictures.

LCD monitors are the commonly available monochrome medical monitors owing to high resolution image quality

Global monochrome medical monitor market is segmented on the basis of product type, application, end use and region. On the basis of product type, monochrome medical monitor market is classified as Cathode Ray Tube (CRT) monitors, LCD monitors, and LED monitors. Based on application, the market is segmented as diagnostic display, surgical display, radiology display, clinical review displays and others. On the basis of end use, monochrome medical monitor market is segregated into hospitals, clinics, diagnostic centers, pathology labs and others. Geographically, the monochrome medical monitor market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America is the largest player for the market

North America monochrome medical monitor market generated the significant revenue. This is due to the adoption of advanced technology in such region. Countries like U.S. are increasing their healthcare expenditure which is expected to improve the infrastructure for hospitals and other medical facilities. Moreover, favorable reimbursement policies like the Medicare and Medicaid Services has led to greater penetration of monochrome medical monitors in North American region. Asia Pacific region is expected to gain lucrative growth over the forecasted period due to rising awareness among the people of this region. Government initiatives are also being taken in order to educate and train the healthcare professionals pertaining to the usage of these monitors so that efficient healthcare services can be provided to the people in the developing countries like India. Hence, immense opportunity lies in this region for the key players to cater the unmet needs of the target population. Europe is also witnessing enormous development activities related to medical monitors in order to cater to vast target population demanding for such devices.

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Barco and Eizo Corporation are some of the key players of the market

Some of the key players include Ampronix Inc., Barco N.V., Eizo Corporation, KOSTEC CO., LTD., JVCKENWOOD Corporation, Richardson Electronics, Ltd. and NEC Display Solutions among others. Innovative product development is facilitating growth of the market. For instance, in September 2010, Eizo Corporation launched 29.8-inch RadiForce RX430 at RSNA 2010, which is capable of displaying monochrome as well as color images simultaneously.

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