Advanced Medical Grade Display Industry Analysis - Projection, Market Size, Share, Growth, Trends and Forecast 2017 - 2025

Imaging has been a crucial technology in the development of clinical field as it has helped in enhancing the diagnostic abilities as well therapeutic procedure performance. Displays play a major role in the medical imaging field as they offer real time image of the organ or the subject of interest to physicians or surgeons. The medical grade display differs from the conventional display as the former offers better luminance, better grayscale production, and higher contrast ratios. The high resolution display plays a crucial role during surgeries as it helps in differentiating among vascular structures in the organ and evaluation of diseased lesions. Medical displays are used across specialties such as radiology, surgical, dental, and diagnostic. Rapid technological advances in the imaging industry have contributed to the growth of the global medical grade display market.

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Increasing demand for short-term hospital stays, less incision, and safety of patients has led to the surge in minimally invasive procedures such as endoscopy and arthroscopy, which is projected to drive the expansion of the global market for medical grade display in the near future. In addition, rise in demand for diagnostic imaging such as computed tomography, medical resonance imaging, X-ray, and ultrasound is anticipated to propel the market growth. High health care expenditure from both public and private sectors and growing investment in health care infrastructure development in emerging markets are likely to boost the growth of the market during the forecast period. However, availability of low cost conventional as well commercial displays is anticipated to restrain the growth of the global market for medical grade display.

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The global medical grade display market is segmented based on technology, resolution, imaging, end-user, and region. In terms of technology, the market has been segmented into liquid crystal display (LCD), light-emitting diode (LED), and organic light-emitting diode (OLED). With the introduction of LCD displays, the market has seen a drastic shift from conventional CRT displays. It is projected to shift further to LED displays as these displays offer better color differentiation at lower temperature. In terms of resolution, the global market is segmented into less than 2 megapixel (MP), 2.1 to 3 MP, 3.1 to 4 MP, 4.1 to 5 MP, and more than 5.1 MP. Choice of the medical grade display vary with its application area such as for CT, MRI and other imaging modalities, display with resolution of 2 MP is recommended while for mammography, orthopedic and few surgical application display with resolution of minimum 5 MP is used. In terms of imaging, the market is categorized into two-dimensional and three-dimensional segments. Based on end-user, the global market for medical grade display is segmented into hospitals, ambulatory surgical centers, diagnostic laboratories, research institutes, and others. Increasing adoption of minimally invasive technology and growing number of ambulatory surgical centers are likely to propel the market growth of the ambulatory surgical centers segment during the forecast period.

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Geographically, the global medical grade display market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. High adoption rate of technology and high health care expenditure from both public and private sectors are likely to contribute to the high market share of North America. Europe is anticipated to account for a significant share of the global market during the forecast period due to well-established health care infrastructure. Increasing number of public as well private health care facilities in emerging markets such as China and India is likely to fuel the growth of the Asia Pacific market. High cost and reluctance in the adoption of medical grade displays in underdeveloped countries are projected to hamper the market growth in Latin America and Middle East & Africa.

Major players operating in the global medical grade display market include Barco, NEC Display Solutions, Advantech Co., Ltd., EIZO Inc., NDS Surgical Imaging, LLC, Ampronix Inc., Sony Electronics Inc., FSN Medical Technologies, Contec, Koninklijke Philips N.V., Panasonic Healthcare Co., Ltd., and Nanjing Jusha Display Technology Co., Ltd.

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