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Medical Display Market Analysis

The Medical Display Market size is estimated at USD 2.46 billion in 2024, and is expected to reach USD 3.11 billion by 2029, at a CAGR of 4.82% during the forecast period (2024-2029).

Key drivers of the studied market include the surging demand for minimally invasive surgeries, the growing adoption of digital imaging, the escalating need for telemedicine, the ongoing digital transformation of the healthcare sector, and notable technological strides in medical displays.

The rising demand for minimally invasive surgeries boosts the use of high-resolution medical displays. These displays ensure precise visualization during surgeries, minimizing patient complications. An article in the March 2023 edition of the Interdisciplinary Cardiovascular and Thoracic Surgery Journal highlighted that in the UK, minimally invasive surgeries (MIS) accounted for about 8% of mitral valve cardiac surgeries. In contrast, Germany, with a slightly larger population, saw a significant 55% representation in 2022. This disparity underscores the growing global emphasis on MIS, further fueling the demand for advanced medical displays that aid in surgeries and promote quicker patient recovery.

Technological innovations in medical displays, like high definition and 4K resolution, are elevating image quality. This enhancement is spurring demand for these displays in the medical field. For example, EIZO Corporation, a visual technology leader, unveiled its RadiForce MX243W in June 2022. This 24.1-inch monitor, boasting a 2.3 megapixel (1920 x 1200 pixels) resolution, is tailored for hospitals and clinics. Its versatility shines through its color display capability, catering to endoscopy, nuclear medicine, 3D rendering, and fusion imaging. Such launches underscore the growing reliance on advanced medical displays in healthcare.

Strategic moves, like product launches, are amplifying the accessibility of medical displays in healthcare settings. For instance, LG Electronics introduced its 55-inch surgical monitor (model 55MH5K) in November 2023. This monitor, with its 4K resolution and wide viewing angles, boasts features like damage resilience, convenient failover technology, and a unique ability to showcase multiple images in a 2x2 grid. Such innovations not only enhance the functionality of medical displays but also broaden their adoption in the healthcare sector.

In conclusion, the surging demand for minimally invasive surgeries, technological leaps in medical displays, and proactive strategies by industry leaders are set to propel the studied market. However, the rising trend of adopting refurbished medical displays poses a potential challenge to this growth trajectory.

Medical Display Market Trends

Surgical Intervention is Expected to Hold Significant Market Share Over the Forecast Period.

Medical Display Industry Segmentation

As per the scope of the report, a medical display is a specialized monitor for viewing diagnostic images in healthcare settings, meeting strict quality and calibration standards. The medical display market is segmented into service technology, resolution, application, panel size, display color, and geography. By technology, the market is segmented into LED backlit displays, OLED displays, and TFT LCD displays. By resolution, the market is segmented into Up to 2mp, 2.1–4³¾±è, 4.1–8³¾±è, and Above 8mp. By application, the market is segmented into Diagnostics, surgical intervention, dentistry, point of care, telehealth, and others. By panel size, the market is segmented into under 22.9-inch panels, 23.0-26.9-inch panels, 27.0-41.9-inch panels, and above 42-inch panels. By display color, the market is segmented into color displays and monochrome displays. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers values (in USD) for the above segments.