PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1761503
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1761503
The medical displays market is projected to reach USD 3.45 billion by 2030 from USD 2.64 billion in 2025, at a CAGR of 5.5% during the forecast period.
Scope of the Report | |
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Years Considered for the Study | 2023-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD billion) |
Segments | Technology, Panel Size, Resolution, Display Color, Application, and Region |
Regions covered | North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa |
The medical displays market is influenced by several key factors, including advancements in imaging technologies, an increasing demand for accurate diagnostics, and the rising prevalence of chronic diseases. Additionally, growing healthcare investments, particularly in emerging economies, and the shift toward digital healthcare systems are driving market growth. Regulatory standards for image quality, the need for high-resolution displays in radiology and surgery, and the expansion of telemedicine also affect demand. However, high costs and limited access in underdeveloped regions may hinder market expansion.
Medical displays with a resolution of 4.1 to 8 megapixels hold the largest market share due to their ability to provide high image clarity, which is crucial for accurate diagnosis, particularly in radiology and surgical applications. These displays allow for detailed visualization of complex anatomical structures, thereby enhancing diagnostic confidence. Their combination of performance and cost-effectiveness makes them widely preferred in hospitals and diagnostic centers.
By display color, color displays dominate the medical displays market because they offer detailed, multidimensional imaging that is crucial for accurate diagnosis and surgical guidance. They are compatible with advanced imaging techniques such as MRI and CT, where color differentiation improves interpretation. Their versatility and common use across various specialties make them the preferred choice in modern healthcare settings.
The Asia Pacific region is forecasted to experience the highest growth rate in the medical displays market. This growth is driven by several factors, including increased investments in healthcare, the rapid adoption of advanced imaging technologies, and the expansion of healthcare infrastructure. Additionally, rising awareness of early disease diagnosis, a growing geriatric population, and the increasing prevalence of chronic diseases are fueling demand. Furthermore, improving government initiatives and favorable policies, along with the presence of emerging economies such as China and India, are contributing to the region's accelerated market expansion during the forecast period.
Prominent players in the medical displays market are Barco NV (Belgium), EIZO (Japan), Sony Electronics Inc. (Japan), LG Electronics (South Korea), Novanta (US), FSN Medical Technologies (South Korea), Advantech (Taiwan), Quest International (US), STERIS (UK), Jusha Medical (China), Siemens Healthineers AG (Germany), Double Black Imaging (US), HP Development Co. Ltd. (US), Stryker (US), and COJE Displays (South Korea).
Research Coverage
The report assesses the medical displays market, estimating its size and future growth potential across various segments, including technology, panel size, resolution, application, and region. Additionally, it features a competitive analysis of key players in the market, providing insights into their company profiles, product offerings, recent developments, and major market strategies.
Reasons to Buy the Report
The report is designed to help both market leaders and new entrants by providing data on revenue estimates for the overall medical displays market and its subsegments. It will also assist stakeholders in understanding the competitive landscape, allowing them to gain valuable insights for positioning their businesses and developing effective go-to-market strategies. Additionally, the report offers stakeholders a clear understanding of market trends and provides information on key drivers, challenges, obstacles, and opportunities within the market.