The global Medical Display Market size is estimated to reach USD 3.06 billion from USD 1.84 billion in 2019, delivering a CAGR of 5.7% through 2027. The increasing penetration of medical imaging systems in the diagnostic care units across the world is driving the market growth.

The medical display technology is gaining massive popularity as it generates crisper, sharper, clearer images with less noise and also offers a longer life span as compared to the commercial displays. Extensive product application in mammography, bone, and chest imaging is supplementing medical display market revenue share. Rapid advancement in the technologies, along with rising awareness among the populace, is also fuelling the industry growth. Moreover, the global expansion of the geriatric population base will further offer lucrative scope for industry growth.

Medical Display Market Overview:

The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.

Major Highlights of the Medical Displayy tests Market Report:

• Based on display resolution, the Up to 2MP segment is estimated to exhibit a growth rate of 4.4% over the projected timeframe.
• In terms of display size, the 23 to 41 Inches segment accounted for the largest market revenue share in 2019 and is set to register a CAGR of 6.2% through 2027.
• Based on form factor, the multimodality systems segment is estimated to register a CAGR of 7.1% through 2027. These systems are medical-grade displays that are specifically designed for multimodality images or both color and greyscale images for enhanced understanding.
• In terms of end-user, the hospital segment is anticipated to account for 49.5% of the medical display market share, delivering a CAGR of 5.8% through 2027 on account of large-scale incorporation of high-quality medical displays all the concerned departments. 
• The clinics diagnostic centers segment is forecast to hold 32.7% of the medical display market share, exhibiting a growth rate of 4.1% through 2027.
• With the extensive usage of high end IT medical systems, North America will dominate the market landscape, and the Asia Pacific, due to rapid technological advancements in the healthcare industry, may witness the fastest growth. The U.S., Germany, and Japan remain prominent players in the global medical display market.
• The APAC region is likely to witness the fastest growth rate of 8% during the analysis period on account of the record number of patients with chronic diseases and growth in the number of super-specialty healthcare centers due to and mounting need for diagnostic screening health check-ups in the region.
• North America is estimated to exhibit a notable growth rate of 6% over the forecast period on account of the extensive proliferation of medical displays in hospitals and ambulatory centers coupled with the growing prevalence of geriatric diseases and the associated demand for diagnostic screening in the region.
• Led by Germany, Europe is forecast to be a major contributor to the medical display market growth in the region, with a CAGR of 5.4% through 2027.

Top Companies Profiled in the Report Include:

Sony Corporation, Samsung Electronics, LG Display Co Ltd, Novanta Inc., Barco NV, Siemens AG, Steris PLC, Eizo Corporation, The Hewlett-Packard Company, and Advantech Co., Ltd., among others.

Additionally, the report consists a detailed analysis of the segmentation of the Medical Displayy tests Market based on product types and end-use/application offered in the Medical Displayy tests Market –

Display Resolution Outlook (Revenue, USD Billion; 2017-2027)

• Up to 2MP
• 1MP to 4MP
• 1MP to 8MP
• Above 8MP

Sales Channel Outlook (Revenue, USD Billion; 2017-2027)

• Online Retailing
• Medical Stores Brand Outlet

Technology Outlook (Revenue, USD Billion; 2017-2027)

• CCFL based LED
• LCD based LED
• OLED

Form Factor Outlook (Revenue, USD Billion; 2017-2027)

• Color
• Grayscale
• Multimodality System

Display Size Outlook (Revenue, USD Billion; 2017-2027)

• Below 23 Inches
• 23 to 41 Inches
• Above 41 Inches

End-User Outlook (Revenue, USD Billion; 2017-2027)

• Hospitals
• Clinics Diagnostic Centers
• Ambulatory Centers Dental Chambers
• Others

Key Regional Markets Studied in the Report:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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