Global Medical Display Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope

A medical display refers to a device with a screen that shows an electronic image made up of pixels such as pulse, blood pressure, and other medical attributes in the healthcare setting.

Sizing and Forecast

The medical display market size has grown strongly in recent years. It will grow from $2.47 billion in 2023 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growing demand for diagnostic imaging, advancements in healthcare infrastructure, increasing prevalence of chronic diseases, regulatory standards and compliance, rise in telemedicine practices..

The medical display market size is expected to see strong growth in the next few years. It will grow to $3.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to expansion of healthcare services, integration with health information systems, focus on preventive healthcare, increasing demand for 3d imaging, rapid growth of ambulatory care centers.. Major trends in the forecast period include introduction of hybrid displays, increased adoption of ai integration, shift toward portable and mobile displays, enhanced color calibration technologies, integration of cybersecurity measures..

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Segmentation & Regional Insights

The medical display market covered in this report is segmented –

1) By Display Color: Monochrome Displays, Color Displays
2) By Technology: Light Emitting Diode (LED), Backlit Liquid Crystal Display, Organic Light Emitting Diode (OLED) Display, Cold Cathode Fluorescent Light (CCFL)
3) By Device: Desktop, Mobile, All In One
4) By Application: Digital Pathology, Multi-Modality, Surgical, Radiology, Mammography, Other Applications
5) By End User: Hospitals, Diagnostic Centres, Community Healthcare

North America was the largest region in the medical display market in 2023. The regions covered in the medical display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The growing number of diagnostic centers is expected to propel the growth of the medical display market going forward. A diagnostic center is a scientific clinical laboratory that detects and diagnoses diseases by testing blood, triglycerides, urine, cholesterol, and other bodily substances. Medical displays are required in the diagnostic centers to display the medical vital signs of the patient, such as the pulse rate, body temperature, and blood pressure, on a monitor, as well as to interpret and display the test results of the patient being tested. Therefore, the growing number of diagnostic centers is driving the growth of the medical display market. For instance, in March 2023, according to the United States Census Bureau, a US-based principal agency of the U.S. Federal Statistical System, the revenue of United States medical and diagnostic laboratories increased from USD 12.41 billion in Q2 2020 to USD 16.93 billion in Q2 2021. For instance, in August 2022, according to the Centers for Medicare and Medicaid Services (CMS), a US-based federal agency under the United States Department of Health and Human Services, the number of certified clinical laboratories in the United States increased by about 13 percent, from 2,86,396 in 2020 to 3,23,086 in 2021. The growing number of diagnostic centers is driving the medical display market.

Key Industry Players

Major companies operating in the medical display market are adopting new technologies, such as light-emitting diodes to gain a competitive edge in the market. A light-emitting diode (LED) is a semiconductor device that emits light when an electric current passes through it. This happens as electrons recombine with electron holes within the semiconductor, releasing energy in the form of photons, resulting in the emission of light. For instance, in January 2023, Barco, a Belgium-based technology company introduced a cutting-edge LED solution, expanding its next-gen LED lineup alongside TruePix. This latest series delivers exceptional image performance and top-notch color quality, driven by Barco’s Infinipix Gen2 processing. Designed for LED video walls demanding impactful visuals, the NT series exceeds typical expectations. .

The medical display market report table of contents includes:

1. Executive Summary

2. Medical Display Market Characteristics

3. Medical Display Market Trends And Strategies

4. Medical Display Market – Macro Economic Scenario

 

5. Global Medical Display Market Size and Growth

….

31. Global Medical Display Market Competitive Benchmarking

32. Global Medical Display Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Medical Display Market

34. Medical Display Market Future Outlook and Potential Analysis

35. Appendix

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