In 2022, the under 22.9-inch panels segment held the largest share of the global medical display market. This is due to the increasing use of advanced technologies in medical displays, such as wireless data transmission, microcontroller functions, micro-circuits, and front-end amplification. These technologies allow medical displays to be more versatile and user-friendly, which is essential for various medical applications. For instance, wireless data transmission allows medical professionals to easily share images and data between different devices, improving the efficiency of diagnosis and treatment. Microcontroller functions allow medical displays to be customized to meet the specific needs of different users, such as radiologists, surgeons, and nurses.
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Data Bridge Market Research analyses that the Medical Display Market will grow at a CAGR of 6.20% in the forecast period of 2022 to 2029 and is expected to reach USD 1,113.11 million by 2029 from USD 687.92 million in 2021. Medical displays are used in a variety of critical applications, such as surgery, radiology, and digital pathology. As a result, there is a high demand for high-quality displays that can provide accurate and high-resolution images. The healthcare industry is increasingly adopting digital technologies, such as electronic health records (EHRs) and picture archiving and communication systems (PACS). This is driving the demand for medical displays that can be integrated with these systems.
Growing adoption of OLED displays is expected to drive the market's growth rate
OLED displays offer a number of advantages over traditional LCD displays, such as better image quality, wider viewing angles, and faster response times. This is driving the adoption of OLED displays in the medical display market. High-resolution displays are becoming increasingly important in medical applications, such as surgery and radiology. This is driving the demand for high-resolution medical displays. Healthcare providers are increasingly focused on patient safety. This drives the demand for medical displays with features such as touch screens, anti-glare screens, and high contrast ratios.
Segment Analysis:
Global medical display market is categorized into thirteen notable segments which are based on technology, panel size, viewing mode, megapixel, resolution, display type, imaging technology, display color, aspect ratio, component, application, end user and distribution channel.
- On the basis of technology, the global medical display market is segmented into LED-backlit LCD display, CCFL-backlit LCD display, TFT LCD display and OLED display LED-backlit LCD display segment is expected to dominate the global medical display market with a market share of 19.25% due to longer life and better energy efficiency than plasma and CCFL LCD TVs.
- On the basis of panel size, the global medical display market is segmented into less than 22.9, 23.0- 32.0, 32.1-42.0 and more than 42. Less than 22.9 segment is expected to dominate the global medical display market with a market share of 57.58% due to less vertical space.
- On the basis of viewing mode, the global medical display market is segmented into 2D and 3D. 2d segment is expected to dominate the global medical display market with a market share of 44.68%. It is expected to reach USD 5,638.24 million by 2029, growing with the highest CAGR of 7.1%, in the forecast period of 2022 to 2029.
- On the basis of megapixel, the global medical display market is segmented into 2.1-4mp, 4.1-8m, above 8mp and upto 2mp. 2.1-4MP segment is expected to dominate the global medical display market with a market share of 35.83%. It is expected to reach USD 436.38 million by 2029, growing with the highest CAGR of 7.6%, in the forecast period of 2022 to 2029.
- On the basis of resolution, the global medical display market is segmented into 4k, ultra full hd, full hd and others. 4K segment is expected to dominate the global medical display market with a market share of 39.75% as a majority 4K resolution highest effective resolution.
- On the basis of display type, the global medical display market is segmented into wall mounted, portable and modular. Wall mounted segment is expected to dominate the global medical display market with a market share of 50.78%.It is expected to reach USD 577.35 million by 2029, growing with the highest CAGR of 6.5%, in the forecast period of 2022 to 2029.
- On the basis of imaging technology, the global medical display market is segmented into touch screen, scratch resistant font glass, failsafe mode, cleanable options, softglow spotview and others. Touch screen segment is expected to dominate the global medical display market with a market share of 37.88%. It is expected to reach USD 451.27 million by 2029, growing with the highest CAGR of 7.3%, in the forecast period of 2022 to 2029.
- On the basis of display color, the global medical display market is segmented into colour and monochrome. Colour segment is expected to dominate the global medical display market with a market share of 77.29% due to flexible mounting space, and floor space being saved.
- On the basis of aspect ratio, the global medical display market is segmented into 16.09, 21.09 and 4.03. 16:09 segment is expected to dominate the global medical display market with a market share of 47.94%. It is expected to reach USD 550.21xx million by 2029, growing with the highest CAGR of 6.7%, in the forecast period of 2022 to 2029.
- On the basis of component, the global medical display market is segmented into hardware and services. Hardware segment is expected to dominate the global medical display market with a market share of 77.07%. It is expected to reach USD 882.34 million by 2029, growing with the highest CAGR of 6.6%, in the forecast period of 2022 to 2029.
- On the basis of application, the global medical display market is segmented into diagnostics, surgical/interventional, patient worn monitoring, consultation, telehealth, teaching/practice, dentistry, point of care, fetal monitoring and others. Diagnostics segment is expected to dominate the global medical display market with a market share of 38.09%. It is expected to reach USD 469.13 million by 2029, growing with the highest CAGR of 7.8%, in the forecast period of 2022 to 2029.
- On the basis of end user, the global medical displaymarket is segmented into hospitals, clinics, nursing facilities, diagnostics laboratories, imaging/ radiology laboratory, laborartory,rehabilation centres and others. Hospitals segment is expected to dominate the global medical display market with a market share of 33.79%. It is expected to reach USD 419.62 million by 2029, growing with the highest CAGR of 7.9%, in the forecast period of 2022 to 2029.
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