Medical Grade Display Market to Expand with Significant CAGR by 2025

For enhanced diagnostic as well as therapeutic procedure performance, the clinical field is highly dependent on imaging technology. Medical displays are crucial in the medical imaging field as it is on this display that doctors, surgeons, or patients can see the real-time image of an organ or a particular area. The medical grade display varies from traditional displays as they offer high contrast ratios, better luminance, and better grayscale production. During surgeries, this high-resolution display has an important role to play as it helps differentiate the vascular structures in the organ as well as evaluate the diseased lesions. It is therefore, no surprise that medical grade displays are being used across dental, diagnostic, surgical, and radiology specialties.

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One of the key factors boosting the global Medical Grade Display Market is the rapid advancements in technology within the imaging sector. The growing demand for the safety of patients and less incision has led to a rise in the number of minimally invasive procedures that I've been carried out which in turn is boosting the medical grade display market across the globe. There is also a growing demand for reduced hospital stays which is boosting minimally invasive procedures such as arthroscopy and endoscopy which will create a demand for medical grade displays.

Diagnostic imaging procedures such as x-ray, computed tomography, ultrasound, and medical resonance imaging are increasingly in demand. Additionally, a significant rise in the healthcare expenditure from both the private and public sectors will lead to a higher investment in the healthcare infrastructure development especially in developing nations which will also benefit the medical grade display market. On the other hand, one of the biggest challenges which is affecting the medical grade display market is the high cost of these displays in comparison to the traditional displays.

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On the basis of geography, the global medical grade display market is segmented into Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa. North America is witnessing the highest growth in the market on account of the early and high adoption of advanced technology. The increased healthcare expenditure from both private and public sectors will also help the market for medical grade display to grow in North America. Europe will also be a key market in the years to come on account of the well-established healthcare infrastructure. The Asia Pacific market for medical grade display will also witness growth in the years to come mainly due to an increase in the number of private and public health care facilities in countries such as China and India. On the other hand, it is expected that the adoption of medical-grade displays will be considerably low on account of its high cost in underdeveloped countries in the Middle East in Africa and Latin America.

Some of the leading players vendors within the market include: Barco, Contec, Nanjing Jusha Display Technology Co., Ltd, NEC Display Solutions, Koninklijke Philips N.V., NDS Surgical Imaging, Advantech Co., Ltd., Sony Electronics Inc., EIZO Inc., LLC, FSN Medical Technologies, Ampronix Inc., Panasonic Healthcare Co., Ltd.

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