Market Overview

The Global Medical Display Monitors Market in terms of revenue was estimated to be worth USD 2.6 Billion in 2023 and is poised to reach USD 3.2 Billion by 2032, growing at a CAGR of 5.2% from 2024 to 2032.

The Forecast Period of Medical Display Monitors Market:

Global Medical Display Monitors Market This segment is growing fast because there is a significant need for medical advanced imaging technology in health care. Such special monitors ensure that medical images are accurately interpreted in various applications including radiology, mammography, surgery, and diagnostics. Medical display monitors provide high resolution, brightness, contrast, and colour calibration which are all critical in maximizing the clarity of complex medical images to help healthcare providers make accurate diagnoses and treatment.

The increasing incidence of chronic diseases such as cancer and cardiovascular conditions are the biggest growth drivers for the medical display monitors market. In most instances, chronic diseases require imaging techniques like MRI, CT scans, and X-rays; therefore, these need proper high-performance medical display monitors to produce readings. Another factor is the increased age of patients, as well as the growing awareness of the need for early diagnosis, driving the demand for medical imaging and consequently, the use of advanced medical display monitors.

The market is growing with the key role played by technological advancement. OLED and 4K display technologies have been developed, and better ergonomic design monitors with higher durability for better user experience and efficiency in medical imaging. It enables high-quality images and minimizes eye strain for those professionals analysing images for longer periods of time, growing in importance in high-stakes medical environments.

In addition, the digitalization of health systems worldwide has resulted in the implementation of medical display monitors with sophisticated software solutions to enhance workflow efficiency and data management. The growth of telemedicine and remote consultations is also boosting the demand for medical display monitors since the quality imaging process is required for virtual diagnoses and consultations.

Market Drivers

Growing use of hybrid operating rooms

• Hybrid operating rooms are becoming increasingly used for complex and less invasive surgeries by hospitals across the globe. This means that older technologies for displaying images have been replaced by more recent, higher resolution medical displays. Hybrid operating rooms are often used for image-guided interventions like endovascular operations, catheter-based therapies, and minimally invasive surgeries. Medical displays are necessary for surgeons to view the anatomy and real-time imaging of a patient at the same time to show imaging data. Imaging and surgical instruments combine together to enhance the accuracy, safety, and results of the procedure.
• Hybrid operating rooms mostly integrate a couple of imaging modalities; this will include MRI scanners, ultrasound machines, and even angiography. It becomes possible for the surgeon as well as radiologists to look at and compare images taken with various modalities side-by-side due to medical displays. This enables them to offer wholesome care to their patients because workflow becomes more streamlined, the coordination of both the surgical and the imaging teams improves. Desires for hybrid operating rooms have been fuelled by the fact that they offer a range of benefits over standard operating rooms, especially better visualization, fewer complications, and shorter hospital stays.

Growing inclination towards least invasive procedures

• The inclination for the minimum invasive approach in medical technology industry is increasingly boosting demand among advance medical devices and instruments used in treatments. Benefits provided by the minimally invasive surgeries such as the smallest possible injury to body area, smaller chances of complication with rapid recovery have added a trend which is why these have gain popularity nowadays. These are relatively smaller incisions where surgeons use specialized instruments. Thus, they can have greater precision and cause less trauma on the body compared to traditional open surgeries.
• Among the key drivers for such change is that more and more patients prefer rapid recovery and less postoperative discomfort. Informed patients are taking an active role in choosing treatment options based on these principles, such as quicker return to daily activities and better quality of life. In addition, clinicians and healthcare providers are also benefiting by embracing minimally invasive techniques due to the fact that most of them have shorter hospital stay outcomes and lower overall healthcare expenditures overall. Technological improvements can be said to facilitate much of this trend. Higher definition imaging systems and technology, robotic-assisted surgical systems, and state-of-the-art medical monitors designed to display images have highly augmented the accuracy and the positive outcomes of minimally invasive procedures. These advancements ensure clearer, more defined pictures as well as better control to assure successful procedures with fewer risks involved.

Market Opportunity

Increasing public and private sector investments in emerging economies' healthcare systems

• Asia hosts nearly half of the world's population. The region's growing population is driving the demand for healthcare services. Many governments in Asian countries are investing heavily in modernizing the infrastructure of their healthcare systems to meet the increasing demand for better healthcare providers. Rapid urbanization, population aging, and population increase are common in emerging economies. These factors lead to the investment in healthcare facilities, infrastructure, and services because of their contribution to the increased demand for healthcare. Both public and private sectors realize that the healthcare systems have to be developed and expanded in order to meet the increased demands of their population. Besides the increase in disposable income, the middle class has also increased significantly in many developing countries. Because of this upward economic mobility, more high-quality health care services are demanded. Because of the increase in middle-class population, governments and private investors capitalize on the need by making investments in clinics, hospitals, and medical technology. This will be seen as a large opportunity for companies in the medical devices market for revenue growth.

Infrastructure development for healthcare in emerging markets

• The infrastructure of healthcare in developing markets has a lot to offer as an opportunity to growth across different sectors within the health care industry. As a result of this increase, regions such as the Asia-Pacific, Latin America, and Africa are heavily investing in healthcare infrastructure as governments and private firms seek to address this surge in demand for quality health care. Growing incomes, rapid urbanization, and an increasingly large middle class are among the factors fuelling the demand for better medical facilities, advanced diagnostic tools, and more efficient healthcare delivery systems.
• The expansion of clinics, hospitals, and diagnostic centres-all vital to increasing access to healthcare in these regions-is among the primary opportunities. Upgrading healthcare infrastructure is turning into a national agenda as several developing market countries are moving towards universal healthcare coverage. Due to the rising demand for modern equipment that would enable the development of health care, this growth is an opportunity for manufacturers of medical equipment, devices, and digital health technologies to gain access to these markets. Additionally, emerging nations in their efforts to overcome the developed healthcare models, there is increased usage of telemedicine, digital health platforms, and EHRs. These technologies will have the potential to save costs, streamline operations, and improve patient outcomes when integrated into healthcare infrastructure. Continuous digital change in these areas will be beneficial to businesses offering telehealth services, medical display monitors, and healthcare IT solutions.

Market Restraining Factors

Refurbished medical displays are being used more frequently

• The increasing demand for refurbished equipment is a major challenge that industry players, especially small manufacturers, face. In order to strengthen their market positions and establish a strong user base for their imaging systems, industry players must either sell their products at lower prices or design superior or more complex technologies that will address the unsatisfied needs in the industry. A number of factors, including cost savings, quality and dependability, longevity, the availability of legacy systems, the quick obsolescence of technology, and established refurbishing channels, have contributed to the growing use of refurbished medical displays in healthcare institutions.

Saturation of the market in developed nations

• Market saturation in developed countries is one major limitation to the expansion of most health care industries, be it medical equipment, pharmaceutical, or healthcare. Healthcare infrastructure in many of the developed countries, including the United States, Western Europe, and Japan, has been highly established with a very advanced technological level and universal availability of medical services. As a result, new health care products and services usually come with a slower demand level than emerging markets with a healthcare development still at its growth stage.
• The low growth rate in saturated markets is due to a limited scope for expansion. There is already saturation in many healthcare facilities in developed nations. Most of them have been fitted with state-of-the-art medical equipment; hence no frequent large-scale investments are needed for new equipment. Besides, there is stiff competition among established players. Hence, the market share can't be significantly increased unless new, outstanding innovations are introduced or high-priced mergers and acquisitions are undertaken. This competitive environment often generates price pressures, squeezing profit margins for manufacturers and service providers.
• Another driver of market penetration is the growing aged population in many developed countries, which, while increasing demand for some health care, also stretches public and private healthcare budgets. Governments in these countries continue to rely on cost containment and value-based care, making limited scope for entry of new, costly drugs or medical technologies unless they can prove significant patient outcome improvements or cost-savings.

Segmentation Analysis

The market scope is segmented because of by Panel Size, by Technology, by Resolution, by Display Colour, by Display Type, by Application, by End-use.

By Panel Size

Based on the Panel Size of the market is segmented into under 22.9-inch panels, 23.9-26.9-inch panels, 27-41.9-inch panels, above 42 inch panels.

The 27–41.9 inch panel category leads the market in medical display monitors. It is these panel sizes that offer the best balance between screen real estate and picture quality-the reason for their supremacy, especially for medical imaging applications including radiology, surgery, and diagnostics. The need for several monitors can be eliminated, but the detail at which the health professional can study intricate medical images is increased through the availability of bigger display surface through monitors in this range. This is especially important with applications like diagnostic imaging that require clear and precise representation for correct interpretation of images such as MRIs, CT scans, and X-rays.

These panels are also appropriate for use in specialty environments like OR rooms as well as general medical settings. While they are not as large or expensive as the 42-inch panels noted above, which are not as commonly used due to their size and expense, their larger size compared to smaller panels enhances visibility. The 27–41.9-inch panels are best because of the perfect balance made among the cost, space, and use by medical establishments which opt for quality imaging solutions.

In addition, the demand for these panels has been boosted because of the adoption of advanced technologies, such as 4K resolution and high dynamic range (HDR) that enhance the image quality and are necessary for accurate diagnosis and treatment planning.

By Technology

Based on the Technology of the market is segmented into LED-backlit LCD, CCFL-backlit LCD, OLED.

LED-backlit LCD has dominated the global medical display monitors market in recent years. This is mainly due to the superior advantages of LED-backlit technology over the alternatives, such as CCFL-backlit LCD and OLED.

One of the prominent reasons for LED-backlit LCD monitor popularity is its energy efficiency, as it uses much lesser power compared to CCFL-backlit LCDs; this is critical in medical environments where the devices used are often deployed for several hours. Further, in LED technology, higher brightness, which enhances the image with more clarity and precision at critical medical applications such as radiology, mammography, and surgery? Such improved visual performance will be crucial for correct diagnoses and treatments of patients.

The second benefit of LED-backlit LCD monitors is their longer lifespan and environment-friendliness, because they do not contain mercury, which is found in CCFL-backlit displays. They are also a cost-effective and reliable choice for long-term medical display investments for hospitals and clinics.

While OLED technology boasts better colour contrast and deeper blacks, it has not yet surpassed LED-backlit LCDs because of its higher cost and shorter lifespan. OLED monitors are more susceptible to screen burn-in, which is a major disadvantage in medical environments where image quality must be consistent. Therefore, the LED-backlit LCD segment remains the market leader because of its balanced performance, affordability, and wide availability.

By Regional Snapshots

By region, Insights into the markets in North America, Europe, Asia-Pacific, Latin America and MEA are provided by the study. North America has been traditionally dominating the global medical display monitors market. The dominance of the region is facilitated by a number of prominent factors, including its well-developed healthcare infrastructure, its high adoption of advanced medical technologies, and the presence of dominant medical device manufacturers. In North America, mostly in the United States, has a lot of demand from high resolution medical display monitor due to the growing trend of the advanced diagnostic imagery, particularly in radiology, mammography, as well as surgical procedures. Similarly, North America has a tremendous number of hospitals and clinics with some of the best infrastructure for conducting imaging procedures across the entire region.

Moreover, it has a high expenditure in healthcare and positive reimbursement policies, which favours the usage of advanced medical technologies like high-performance medical display monitors. The regulatory framework is also very strong in this region, ensuring that only good quality and reliable products are used, thus contributing to the dominance of the market.

The Asia-Pacific region, however, is expected to be the growth leader in the next coming years. The reason for this growth is rapid expansion of healthcare infrastructure, growing investments in healthcare technology, and increasing healthcare expenditure in countries like China, India, and Japan. Accelerating the adoption of medical display monitors in the region are the growing middle class, along with increasing demand for better healthcare services and improved diagnostic accuracy. Government efforts to develop the healthcare systems and provide greater access to medical care are further motivating markets to expand, and Asia-Pacific would be the hub for future growth.

List of Companies Profiled

• Sony Corporation
• Benq Medical Technology
• Barco NV
• Coje Co., Ltd
• Stryker
• Diva Laboratories. Ltd
• Novanta Inc. (NDS Surgical Imaging)
• Siemens Healthineers
• EIZO Corporation
• Asustek Computer Inc
• Axiomtek Co., Ltd
• Double Black Imaging Corporation
• Advantech Co., Ltd.
• JVC Kenwood Corporation
• FSN Medical Technologies
• Dell Technologies Inc
• Viewsonic Corporation

Key Industry Developments

• In April 2023, LG electronics launched 32HQ713D-B, which has latest high-resolution 8MP diagnostic medical monitor. It combines 1000 nits of brightness with LG’s proprietary IPS Black panel to deliver an enhanced 2,000:1 contrast ratio with deep blacks, while greatly simplifying color calibration through an automatic integrated sensor and software.
• In February 2023, Eizo launched a 21.3-inch 2-megapixel (1200 x 1600 pixels) color monitor for displaying patient charts and reviewing diagnostic imaging in hospital and clinic environments.

Report Coverage

The report will cover the qualitative and quantitative data on the global Medical Display Monitors Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Regional Analysis

North America accounted for the highest xx% market share in terms of revenue in the Medical Display Monitors market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Medical Display Monitors. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Medical Display Monitors companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Medical Display Monitors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Medical Display Monitors Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Medical Display Monitors Market valued?
• Which region has the largest share in 2024 for the global Medical Display Monitors Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Medical Display Monitors Market

• Historic year: 2019-2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Medical Display Monitors Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: