Medical Display Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
Published date -30th Jan 2024
Formats -PDF, CSV
What is the Market Size & CAGR of Medical Display market in 2021?
The global medical display market had a market size of USD 2.5 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 5.8% from 2021 to 2028. The market is anticipated to grow to USD 4.1 billion by 2028.
COVID-19 Impact on the Medical Display Market
The COVID-19 pandemic had a significant impact on the medical display market. The increased demand for medical displays for diagnostic purposes and telemedicine during the pandemic led to a surge in the market growth. The adoption of digital healthcare solutions further fueled the market expansion during these challenging times.
Medical Display Dynamics
The medical display market is driven by technological advancements in display technology, increasing demand for healthcare services, and the growing prevalence of chronic diseases. The shift towards digital imaging and the need for accurate and reliable medical displays in healthcare facilities are key factors driving market growth.
Segments and Related Analysis
The medical display market is segmented based on type, resolution, panel size, application, and geography. Segmentation allows for a comprehensive analysis of the market landscape, trends, and opportunities for key players in the industry.
By Region Analysis
The medical display market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has its unique market dynamics, key players, and growth opportunities in the medical display sector.
Key Market Players and Competitive Landscape
Key players in the medical display market include Sony Corporation, Barco NV, EIZO Corporation, LG Display Co., Ltd., and Advantech Co., Ltd. The competitive landscape is characterized by partnerships, acquisitions, and product launches to gain a competitive edge and expand market reach.
Recent Happenings in the Medical Display Market
In recent developments, Sony Corporation introduced a new line of medical display monitors aimed at enhancing diagnostic accuracy and efficiency. EIZO Corporation launched a high-resolution medical display monitor with advanced features for enhanced imaging quality. Barco NV partnered with leading healthcare providers to deliver cutting-edge medical display solutions for improved patient care outcomes.