According to a new report published by Allied Market Research, titled, “Medical Display Market, by Device, Panel Size, Resolution, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global medical display market was valued at $2.1 billion in 2019, and is projected to reach $3.2 billion by 2027, registering a CAGR of 4.90% from 2020 to 2027
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Key Market Players
- ASUSTEK COMPUTER INC
- AXIOMTEK CO., LTD
- BARCO NV
- BENQ MEDICAL TECHNOLOGY
- COJE CO., LTD
- DELL TECHNOLOGIES INC
- DIVA LABORATORIES. LTD
- DOUBLE BLACK IMAGING CORPORATION
- EIZO CORPORATION
- FSN MEDICAL TECHNOLOGIES
- NOVANTA INC. (NDS SURGICAL IMAGING)
- SONY CORPORATION
The growth of the global medical display market is majorly driven by growth in adoption of hybrid operating rooms, increase in preference for minimally invasive treatments, surging number of medical establishments, and rise in healthcare expenditure across the world. The growth in demand for multimodality displays for radiology and various medical applications to get a detailed view of ultrasound outputs and positron emission tomography (PET) further drive growth of the global medical display market.
COVID-19 Impact
Coronavirus disease (COVID-19) was discovered in late December in Hubei province of Wuhan city in China. The disease is caused by a virus, namely, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted from humans to humans. After its discovery in Wuhan, the disease rapidly spread to other parts of the globe. Moreover, this virus causes various symptoms in a patient, which ranges from common symptoms to serious symptoms. On March 11, 2020, the World Health Organization made an assessment that COVID-19 can be characterized as a pandemic. In addition, no drugs are currently licensed for COVID-19 treatment or prevention. Thus, social distancing is observed as the most important measure to stop spread of this disease. Furthermore, to maintain social distancing, various countries across the world have adopted nationwide lockdowns.
Key Findings Of The Study
- By device, the desktop segment was the highest contributor to the market in 2019
- On the basis of panel size, the 27.0 to 41.9 inch panels segment dominated the market in 2019, and is expected to continue this trend during forecast period with a CAGR of 5.40%
- On the basis of resolution, the above 8MP segment spearheaded the market among other resolution
- On the basis of application, the surgical segment held a prominent share in 2019 and is likely to continue its status quo throughout the study period
- On the basis of region, Asia-Pacific accounted for the largest share in 2019; and is anticipated to grow at the highest CAGR of 5.70% during the forecast period
Key Market Segments
- BY APPLICATION
- Digital pathology
- Multi-modality
- Surgical
- Radiology
- Mammography
- Others
- BY PANEL SIZE
- Up to-22.9-inch panels
- 23.0–26.9-inch panels
- 27.0–41.9-inch panels
- Above-42-inch panels
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.