Medical Imaging Display Procedures Market

Report Description
Table of Contents

Report Description

The global medical imaging display procedures market size is estimated to be USD xx billion in 2021 and is anticipated to witness a CAGR of xx% during the forecast period. Increase in adoption rate for hybrid operating rooms is a key driver for the growth of the global medical imaging display procedures market. Additionally, short time period required for replacement of medical displays and growing preference for minimally invasive treatments among patients are some of the other drivers propelling the market growth. Nevertheless, market inundation in the developed economies and increase in acceptance of renovated medical displays are expected to restrain the global market growth.

Global Medical Imaging Display Procedures Market Size (USD Billion), 2021-2029

Source: Erevna Healthcare

By Device

Based on device, the market is segmented into desktop, mobile, and all-in-one. In 2021, the desktop segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to desktop being more appropriate for visualization of some critical processes such as diagnostics, surgeries, and medical imaging worldwide. All-in-one segment projected to grow at a profitable CAGR during the forecast period. This is attributed to the all-in-one segment finding applications in electronic medical records (EMR) and medical software imaging.

By Panel Size

Based on panel size, the market is categorized into up to-22.9-inch panels, 23.0–26.9-inch panels, 27.0–41.9-inch panels, and above-42-inch panels. In 2021, the 27.0–41.9-inch panels segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to increase in this panel size finding application used in ultrasound, radiology, magnetic resonance imaging (MRI), and computerized tomography (CT) worldwide. The above-42-inch panels segment is anticipated to grow at a profitable CAGR during the forecast period, due the launch of new products is the key factors driving the market worldwide.

By Resolution

Based on resolution, the market is categorized into 1-4MP, Up to 2MP, 1-8MP, and above 8MP. In 2021, the Up to 2MP segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the suitability of this resolution for surgical and diagnostic applications worldwide. The above 8MP segment is anticipated to grow at a profitable CAGR during the forecast period, due the high rate of penetration of above 8MP in healthcare industry.

By Application

Based on application, the market is categorized into surgical, digital pathology, radiology, multi-modality, mammography, and other applications. In 2021, the multi-modality segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the multiple modalities allow flexibility to healthcare facilities for using medical displays for different departments worldwide. The surgical segment is anticipated to grow at a profitable CAGR during the forecast period, due the high rate of surgeries being conducted in the hospitals on a daily basis.

Regional Insights

In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the favourable repayment scenarios, growth in initiatives from government, accessibility of technological advanced products in the region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the less stringent regulations, growing government and corporate investment in healthcare sector, and availability of skilled labor forces at economic costs, are the major factors in this region.

Competitor Insights

Some of the key players in the medical imaging display procedures market are AsusTek Computer Inc. (Taiwan); Axiomtek Co., Ltd. (Taiwan); Barco NV (Belgium); BenQ Medical Technology (Taiwan); COJE Co.,Ltd. (South Korea); Dell Technologies Inc. (U.S.); DIVA Laboratories. Ltd. (Taiwan); Double Black Imaging Corporation (U.S.); EIZO Corporation (Japan); and FSN Medical Technologies (U.S.). The leading players operating in the medical imaging display procedures industry are adopting various strategies including R&D investments, adaption of advanced techniques, new technology launches, mergers & acquisitions, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The medical imaging display procedures market report is categorized into the following segments and subsegments: