Medical Display Market By Type (LED Display and OLED Display), By Application (Diagnostic Use, Operation/IVR, Dental, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Medical display is a monitor to meet the demands of medical imaging. It comes with special image-enhancing technologies that ensure consistent brightness, noise-free images, ergonomic reading and automated compliance with DICOM. Medical displays are specifically designed for multimodality imaging. It allows display of multiple modalities on a single screen, enabling side-by-side comparisons and image fusions, without switching displays. The medical displays are designed to have greater luminance stability through life.

Medical Display market is estimated to reach $4.4 billion by 2030; growing at a CAGR of 6.5% till 2030

Market Dynamics

Increasing adoption of medical displays in Healthcare centers is boosting the global Medical Display market. For instance, The increasing Ultrasound, CT scan, MRI, and other procedures are growing the demand for medical displays. In 2018, 42.7 million imaging tests are performed in England, with an increase of 1.4% from the previous year. In 2018, 22.9 million procedures of X-ray, 9.51 million procedures of Diagnostic Ultrasonography, 5.15 million procedures of CT Scan, and 5.15 million procedure of MRI were performed in England. In Australia, more than 27 million diagnostic images procedures are performed in 2018. Medical Display helps to ensure successful outcome in operation. The imaging techniques are used in the operating room like IVR and endoscope, with the medical display aiming to view the surgical procedure in the monitor. Increasing number of diagnostic imaging centers are key driving factors of the market. However, High costs of medical display might hamper market growth. Technological advancement in the products would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global Medical Display market is mainly classified based on Type, Application. Type is further segmented into LED Display, OLED Display. LED Display is dominating the global Medical Display market, due to the increasing commercialization, and technological advancement of the products. For instance, AU Optronics Corp has introduced medical professional displays. A 12-inch full-colour TFT driven Micro-LED Display Technology, with applications to use as ultrasound, imaging modality, endoscopic, and micro-invasive surgeries. LED medical display consumes less energy. LED Display provides bright image quality by enhancing the contrast and enriching the range of colors. Global LED Display market is estimated to reach $ 1,871.4 Million; growing at a CAGR of 4.7%. By Application, the market is further divided into Diagnostic Use, Operation/IVR, Dental, Others.

Regional Analysis

Based on geography, the global Medical Display market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America is dominating the global Medical Display market due to the increasing number of diagnostic imaging centers and procedures performed. According to the U.S. Census Bureau, in 2017, there were 6,598 diagnostic imaging centers in the U.S. 80 million CT scans are performed each year in the U.S. In 2017, 36 million MRI scans were performed in the United States.

North America Medical Display market is estimated to reach $ 928.6 Million.
 
Competitive landscape

Key players operating in the Medical Display industry include Barco, Eizo, Sony, LG Display, Novanta, FSN Medical Technologies, Advantech, Quest International, Steris, Nanjing Jusha Display Technology, Shenzhen Beacon, Panasonic, Philips, NEC Display Solutions, Micromax Health, Santax.

Formation of strategic collaborations and commercialization of approved products are the few business strategies adopted by the key companies, with a focus on maintaining a competitive advantage over others. The companies are focused on technological advancement and expansion of business activities on a global scale. For instance, on April 11, 2019, Contec Americas Inc., has introduced new line of medical-grade monitors to stringent image quality and safety requirements of clinical applications. The company has released seven displays features DICOM Part 14 image quality and IEC 60601 compliance to medical safety and performance standards. The monitors are designed for long life solutions suited for a wide variety of hospital and laboratory applications.

Medical Display Market Key Segments:
By Type
• LED Display
• OLED Display
By Application
• Diagnostic Use
• Operation/IVR
• Dental
• Others
 
By Geography
• North America
o The U.S.
o Canada
o Mexico
• Europe
o U.K
o Germany
o France
o Italy
o Rest of Europe
• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific
• South America
o Brazil
o Argentina
o Rest of South America
• Middle East & Africa
o GCC Countries
o Egypt
o South Africa
o Rest of Middle East & Africa
Key Global Medical Display Industry Players
• Barco
• Eizo
• Sony
• LG Display
• Novanta
• FSN Medical Technologies
• Advantech
• Quest International
• Steris
• Nanjing Jusha Display Technology
• Shenzhen Beacon
• Panasonic
• Philips
• NEC Display Solutions
• Micromax Health
• Santax

Table of Content
1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources
3. Medical Display Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Increasing adoption of medical displays in Healthcare centers
3.3.2. Increasing number of diagnostic imaging centers
3.4. Restraints
3.4.1. High costs of medical display
3.5. Opportunity
3.5.1. Technological advancement in the products
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis
4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. LED Display
4.2.1. Market Size & Forecast
4.3. OLED Display
4.3.1. Market Size & Forecast
5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Diagnostic Use
5.2.1. Market Size & Forecast
5.3. Operation/IVR
5.3.1. Market Size & Forecast
5.4. Dental
5.4.1. Market Size & Forecast
5.5. Others
5.5.1. Market Size & Forecast
6. Medical Display Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Medical Display Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. The U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Medical Display Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Medical Display Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Medical Display Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Medical Display Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast
7. Company Profile
7.1. Barco
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Barco Product Category, Application, and Specification
7.1.3. Barco Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Eizo
7.3. Sony
7.4. LG Display
7.5. Novanta
7.6. FSN Medical Technologies
7.7. Advantech
7.8. Quest International
7.9. Steris
7.10. Nanjing Jusha Display Technology
7.11. Shenzhen Beacon
7.12. Panasonic
7.13. Philips
7.14. NEC Display Solutions
7.15. Micromax Health
7.16. Santax