Global Medical Display Market is projected to witness a CAGR of 5% by 2027 - Transforming Medical Imaging

Medical displays are purpose-built solutions which offer quick improvements in viewing angle, longevity, luminance, and noise reduction to assure substantially superior accuracy and effectiveness of medical images.

Technological Developments and Innovations in Medical Display Drives the Growth of the Global Medical Display Market

With the rapid innovations and developments in medical technology, many high-end medical equipment's are being introduced in the global market. Flat-panel displays, holograms, and head-mounted displays are quickly changing the manner in which medical messages are being communicated. The majority of displays used for medical imaging are liquid crystal displays (LCDs) backlit with either CCFLs or LEDs. 

For instance, 

  • In January 2023, Barco announced the release of a new LED solution which completes its next-generation LED portfolio.

Adoption of Multimodality Display Fuels the Global Growth of the Medical Display Market 

With the fast evolution of the medical imaging technology, hospitals are now handling a larger volume and broader range of image data. Accordingly, medical facilities are faced with following various display systems for image interpretation. Multimodality imaging allows different images of diverse medical modalities (both color and grayscale) to be displayed on a single screen, thus enabling side-by-side comparisons and image fusions. Most medical displays are designed to support multimodality imaging to enhance the diagnostic convenience and streamline system infrastructure. 

An Increasing Potential of Medical Display in Diagnostics Segment Triggers the Growth of the Global Medical Display Market 

Broad range of medical images are used in the diagnostics segment, such as mammography, computed radiography (CR), etc. Unclear images make diagnosis difficult and lengthy. For an accurate diagnosis, fine shadow and slight grayscale changes need to be reproduced onscreen exactly. Medical displays helps to enhance and deliver the performance for many types of images which diagnostic professionals require, mostly large-format color displays with 6MP and 8MP resolution. Thus, the demand for diagnostics is projected to enhance the demand for high-definition medical display monitors in the upcoming years. 

High-Resolution Imaging Opens Up Ample Growth Opportunities in the Medical Display Market 

High-resolution imaging and detection technologies enable precise timely diagnosis, decrease invasive and unessential procedures, and support preventive care. Medical displays contains essential medical imaging technologies which assures an effective performance according to the DICOM 3.14 GSDF standard for an improved image interpretation and diagnostic accuracy. 

North America Accounts for the Largest Market Share in the Global Medical Display Market

From a geographical outlook, North America accounts for the largest market share in the global medical display market. This can be mainly attributed to an increasing adoption of digital solutions in the operating room infrastructure, the resumption of mammography after Covid-19 pandemic, and global adoption of high-end medical display products in North America. 

Competitive Landscape Analysis: Global Medical Display Market

Some of the leading and established players operating in the global medical display market are FSN Medical, Sony, EIZO, Barco, STERIS, and Advantech. 

Aggressive Growth Strategies Followed by the Key Market Players to Establish Their Foothold in the Global Medical Display Market

All the leading players operating in the worldwide market are adopting aggressive growth strategies such as partnerships and collaborations, takeovers, and new product launches to acquire a higher market share in the global medical display market.

For instance, 

  • In March 2023, EIZO Corporation announced that their RadiForce medical monitors and the latest version of RadiCS medical monitor quality control (hereafter QC) software comply with the new international standard IEC 62563-2 set forth by the IEC.
  • In February 2023, Barco announced they have received EU Medical Device Regulation (MDR) certificate and CE mark for their medical display portfolio.

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