The growth in the global medical display market is due to the adoption of hybrid operating rooms, shorter replacement cycles of medical displays, and increase in preference for minimally invasive treatments.
Portland, OR, Dec. 01, 2020 (GLOBE NEWSWIRE) -- According to the report, the global medical display market was pegged $1.96 billion in 2018 and is projected to $2.85 billion by 2026, registering a CAGR of 4.8% during the forecast period.
Rise in number of medical establishments and increase in the healthcare expenditure are the major factors that drive the growth of the market. Furthermore, surge in demands for multimodality displays for radiology and several other medical applications to get detailed view of ultrasound outputs and PET fuel the market growth. However, the higher costs associated with the medical display devices restraint the market growth up to a certain extent. On the other hand, the surge in the demand for various diagnostic procedures including ultrasound, medical resonance imaging, and X-ray is expected to provide lucrative opportunities for the market growth.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/6069
The demand for medical display increased as governments and private hospitals begin development of Covid centers to treat coronavirus infected patients and carry out tests.
However, there has been the supply-demand gap as the production activities of new displays carried on with a usual pace and the demand rose drastically in a short period of time. Moreover, the shortage of raw materials occurred.
Some of the hospital reallocated resources of medical displays from other departments such as surgery to Covid centers to fill the gap. As supply chain is restored, the production activities would begin in full-fledged manner and the distribution would take place.
Get detailed COVID-19 impact analysis on the Medical Display Market Request Here!
The global medical display market is divided on the basis of device, panel size, application, and geography.
Based on product, the market is segmented into mobile, desktop, and all in one. The desktop segment held the largest share in 2018, contributing to 89.8% of the market. Furthermore, this segment is expected to register the fastest CAGR of 5.0% during the forecast period.
Based on panel size, the market is bifurcated into under-22.9-inch panels, 23.0–26.9-inch panels, 27.0–41.9-inch panel, and above-42-inch panels. The 27.0–41.9 inch segment held the lion’s share in 2018, accounting for nearly two-fifths of the market share. Moreover, the segment is projected to manifest the fastest CAGR of 5.3% during the forecast period.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/6069
Based on application, the market is bifurcated into digital pathology, multi-modality, surgical, radiology, mammography, and others. The surgical segment held the highest share in 2018, accounting for more than one-fourth of the total market share. Furthermore, the segment is expected to manifest the fastest CAGR of 5.7% during the forecast period.
The global medical display market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market, contributing to more than one-fourth of the market in 2018. Moreover, the region is estimated to register the fastest CAGR of 5.5% during the study period.
Leading market players analyzed in the research Alpha Display, ASUSTeK Computer Inc., Axiomtek Co., Ltd., Barco NV, BenQ Medical Technology, Coje CO., LTD., Dell Technologies Inc., Double Black Imaging Corporation, FSN Medical Technologies, Hisense Medical, HP INC., JVC Kenwood Holdings Inc., Nanjing Jusha Commercial & Trading Co, Ltd., Shenzhen Beacon Display Technology Co., Ltd., Steris PLC, EIZO Corporation (EIZO), Sony Corporation, LG Display Co., Ltd., Novanta Inc. (Novanta), and Advantech Co., Ltd. (Advantech).
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at Request Here
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com