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.
Browse 318 market data Figures & Tables spread through 316
Pages and an in-depth TOC on
"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.
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