North America to Lead Global Medical Imaging Monitor Market during the Forecast Period - TechSci Research

Growing number of medical establishments across the globe are expected to drive medical imaging monitor market through 2025.

According to TechSci Research report, “Global Medical Imaging Monitor Market By Device, By Panel Size, By Type, By Display Color, By Purpose, By Technology, By Application, By Modality, By Resolution, By Grade, By Region, Competition, Forecast & Opportunities, 2025”, Global medical imaging monitor market was valued at USD 2.07 billion in 2019 by witnessing a growing CAGR of around 10% to reach USD 3.06 billion in 2025 on account of increasing geriatric population suffering from various chronic diseases such as cancer, diabetes, cardiovascular disorders, renal disorders, among others. This has drastically increased the patient pool and the need to effectively diagnose and treat these diseases, which in turn is expected to drive the market during forecast period. Additionally, increasing adoption of hybrid operating room technologies is further expected to create lucrative growth opportunities over the next few years. Growing adoption of minimal invasive treatment procedures is anticipated to fuel the market through 2025.

Advantages such as high quality of screen, clear and consistent images, accurate analysis, reliability, short replacement cycle, among others associated with medical imaging monitors are further expected to spur the market in the coming years. Besides, increasing investment in the medical imaging devices by the key players operating in the market is further expected to bolster the growth through 2025. However, high cost and maintenance of medical imaging monitors might hamper the growth during forecast period. Additionally, growing adoption of refurbished medical imaging monitors might further negatively impact the market over the course of next five years.

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"Global Medical Imaging Monitor Market"

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The global medical imaging monitor market is segmented based on device, panel size, type, display color, purpose, technology, application, modality, resolution, grade, company and region. Based on device, the market can be categorized into mobile, desktop and all-in-one. The desktop segment is expected to dominate the market with a share of around 65% in 2019 on account of their high and increasing adoption in several imaging applications such as X-ray, CT-Scan, ultrasound, MRI, among others. Based on panel size, the market can be fragmented into under-22.9-inch panels, 23.0–26.9-inch panels, 27.0–41.9-inch panels and above-42-inch panels. The 27.0–41.9-inch panels segment dominated the market until 2019 owing to their suitability for a wider range of surgical and diagnostic applications. On the other hand, the 23.0–26.9-inch panels are projected to register highest growth in years to come owing to their medium size resulting in increased clarity and more effective visualization of medical image.

Based on type, the market can be grouped into diagnostic monitors, surgical monitors, clinical monitors and others. The diagnostic display monitor segment is expected to hold the largest market share through 2025 on account of their growing adoption in various imaging applications such as X-ray, MRI, CT-Scan, among others. Based on display color, the market can be bifurcated into monochrome and colored. The colored display segment is expected to dominate the market over next few years. This can be attributed to their widespread use for carrying out diagnostic and surgical procedures since they offer better visualization effects. Based on technology, the market can be segmented into LED-Backlit LCD, OLED and CCFL-Backlit LCD. The LED-Backlit LCD dominated the market until 2019 and is expected to remain the largest technology segment during the forecast period as well since these monitors are compact in size, offer more brightness, have better contrast ratio as compared to the counterparts. Additionally, these are easily available, affordable and are the first choice of the consumers.

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Siemens Healthineers AG, Advantech Co Ltd, Steris Corporation, Jvckenwood Corporation, Canon Inc., FSN Medical Technologies, Novanta Inc., EIZO Corporation, Barco NV, Alpha Display Co. Ltd., LG Display Co., Ltd, Sony Corporation, BenQ Medical Technology Corporation, Nanjing Jusha Commercial &Trading Co, Ltd, Hisense Medical, COJE Co., Ltd., Shenzhen Beacon Display Technology Co., Ltd., Dell Technologies Inc., Quest International, Inc., Double Black Imaging Corporation, Axiomtek Co., Ltd are some of the leading players operating in the global medical imaging monitor market.

“North America is expected to dominate the medical imaging monitor market during the forecast period owing to the growing initiatives by the U.S. government towards early diagnosis and to increase the count of medical imaging procedures. Additionally, presence of a large number of hospitals with advanced healthcare infrastructure is expected to propel the market in the coming years. Rising preference for minimal invasive surgeries among the population is further expected to positively impact the region’s medical imaging monitor market through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

According to TechSci Research Report “Global Medical Imaging Monitor Market By Device, By Panel Size, By Type, By Display Color, By Purpose, By Technology, By Application, By Modality, By Resolution, By Grade, By Region, Competition, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global medical imaging monitor market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global medical imaging monitor market.