Medical Imaging Displays Market Overview
The global medical imaging displays market is expected to exhibit a strong 5.4% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global medical imaging displays market is set to exhibit a robust growth rate over the forecast period due to the growing demand for sophisticated and capable medical imaging displays and the growing use of medical imaging in diagnostic and surgical procedures. The report presents a detailed breakdown of the major factors affecting the global medical imaging displays market’s growth positively as well as negatively, providing the readers with a comprehensive overview of the global medical imaging displays market’s economic environment and major drivers and restraints. Major players in the global medical imaging displays market are also profiled in the report with the help of detailed competitive profiles, providing the readers with a complete overview of the competitive landscape of the market.
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The medical imaging displays market has exhibited robust growth over the last few years due to the growing demand for medical imaging displays in diagnostic procedures. The dentistry sector has emerged as a major end user of diagnostic imaging devices in the recent past, as the growing demand for oral procedures has led to a growing demand for diagnostic imaging devices. The increasing availability of advanced, highly sophisticated imaging techniques for dental diagnosis and surgeries is a key driver for the medical imaging devices market over the forecast period.
The increasing demand for minimally invasive surgeries is also likely to be a major driver for the global medical imaging displays market over the forecast period. Minimally invasive surgeries are surgeries that minimize the need for cutting up and opening up a patient’s body and instead rely on superior imaging tools to acquire a picture of the area being operated. This is a key driver for the medical imaging displays market over the forecast period.
Competitive Analysis:
Leading players in the global medical imaging displays market include General Electric Company, Carestream Health, Canon Medical Systems Corporation, Koninklijke Philips N.V., Hitachi Medical Systems Europe Holding AG, Siemens Healthcare Private Limited, PHC Holdings Corporation, Barco, The Contec Group, NDS Surgical Imaging LLC, EIZO Corporation, and Ampronix. Leading players in the global medical imaging displays market are likely to focus on product development in the coming years, as there is significant scope in the market for major product advancements providing a significant update in terms of technology and capability.
In September 2019, Richardson Healthcare announced CE Mark approval for its ALTA750 X-ray tube.
Segmentation:
The global medical imaging displays market has been segmented by display technology, panel size, resolution, application, display color, and region.
By display technology, the global medical imaging displays market has been segmented into LED, TFT-LCD, CRT, PM-LCD, PMOLED, and AMOLED.
By panel size, the medical imaging displays market has been segmented into less than 22.9 inches, 23.0-26.9 inches, 27.0-41.9 inches, and more than 42 inches.
By resolution, the market has been segmented into up to 2MP, 2.1–4MP, 4.1–8MP, and above 8MP.
By application, the medical imaging displays market has been segmented into diagnostic, general radiology, mammography, digital pathology, multi-modality, surgical/ interventional, dentistry, and others.
By display color, the global medical imaging displays market is segmented into color display and monochrome display.
Regional Analysis:
The Americas is the dominant regional market for medical imaging displays, followed by Europe. The strong presence of medical device manufacturers in North America and Europe is majorly responsible for this breakdown, as this leads to easier and widespread availability of the latest product and technology advancements. Increasing availability of venture funding and the rising expenditure on the healthcare sector are also likely to be major drivers for the medical imaging displays market in the Americas. Asia Pacific is expected to be the fastest growing market for medical imaging displays due to the strong growth prospects of the healthcare sector in the region.
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