United States Medical Display Monitors Market to Grow with a CAGR of 7.95% through 2028
Advancements in medical imaging and mainstreaming of
telemedicine are expected to drive the United States Medical Display Monitors Market
growth in the forecast period, 2024-2028.
According to TechSci Research report, “United
States Medical Display Monitors Market – By Region, Competition, Forecast and
Opportunities, 2028”, the United States Medical Display Monitors Market
stood at USD 623.54 million in 2022 and is anticipated to grow with a CAGR of 7.95%
in the forecast period, 2024-2028. This can be attributed to awareness of early
disease detection. Public awareness regarding the importance of early disease
detection and prevention has grown substantially. Patients are more proactive
about seeking medical advice, leading to increased diagnostic tests and medical
imaging procedures. Consequently, medical display monitors have become
essential tools for healthcare providers to communicate findings and treatment
plans effectively. Furthermore, with the increasing connectivity of medical
devices and healthcare IT systems, cybersecurity is a top concern. Medical
display monitors are vulnerable to data breaches, making robust security
features and compliance with data protection regulations, such as HIPAA,
essential.
Medical displays play a pivotal role in critical
medical procedures such as cardiovascular therapy, neurosurgery, and breast
cancer surgery. These high-resolution monitors are essential for presenting
top-quality images, facilitating the seamless interpretation of medical data,
and enabling well-informed decision-making during surgical interventions. They
offer the convenience of consolidating data from various sources, including
optical microscopes, navigation displays, operating room video streams, and diagnostic
scans, into a single display monitor. This streamlines the workflow for
surgeons, eliminating the need to gather information from multiple origins.
These advantages are expected to drive robust growth in the medical display
monitor’s market. Furthermore, the market is set to benefit from the increasing
number of diagnostic imaging centers across the United States, the expansion of
diagnostic screening procedures, and the growing adoption of hybrid operating
rooms, even among smaller hospitals. The rising demand for minimally invasive surgical
procedures, characterized by faster recovery, smaller incisions, reduced
scarring, enhanced precision, and shorter hospital stays, is reshaping the
surgical landscape. Medical displays contribute significantly to this trend by
ensuring superior visibility of diagnostic images, enabling the detection of
even subtle tissue and cell variations, thereby facilitating precise and
expeditious surgeries. This technology is particularly advantageous in the
treatment of conditions like breast cancer and for patients unsuitable for
lengthy surgical procedures. Medical display monitors offer numerous benefits,
enhancing radiologists' capacity and comfort in reading images over extended
periods, which in turn fuels market demand. Moreover, the increasing prevalence
of comorbidities such as cancer and dental diseases among elderly patients is
expected to drive further market growth. Prominent companies like American
Portwell Technology, Inc. and Barco are continually innovating to support
seamless operations and ensure the availability of authentic medical-grade
monitors in the market. For instance, Portwell has introduced a medical-grade
touch monitor that interface with its all-in-one computers, enabling
human-machine interaction for dental x-rays, imaging controls, ultrasound, and
integration with Electronic Health Records (EHR) and laboratory clinic
equipment. This innovation improves digital interactivity, reduces the need for
extensive storage space, and minimizes the risk of mishandling critical patient
data. Likewise, Barco has launched a new series of display controllers for
their diagnostic displays in response to reduced radiologist staff availability
and increased workflow pressures caused by the COVID-19 pandemic. Although the
pandemic led to a dip in the market due to reduced elective surgeries,
declining emergency room admissions, and economic instability in hospitals, it is
expected to stabilize by mid-2022.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "United States Medical Display Monitors Market.”
The United States Medical Display Monitors Market is
segmented into type, aspect ratio, technology, application, regional
distribution, and company.Based on its application, the general radiology
category took the lead, capturing the most significant share of revenue in 2022.
Radiology scans serve as the foundation for various medical interventions,
underscoring the critical importance of utilizing high-definition medical
displays to minimize medical errors, potentially reducing them by as much as
70%. Factors propelling the growth of the general radiology segment include the
imperative for diagnostic precision, the reduction of errors, and the persistent
demand for top-tier imaging displays. Another vital application is mammography,
which relies on medical displays to detect subtle abnormalities, expedite
interpretation, and enhance overall accuracy.
Based on aspect ratio, the market was primarily led by
the 16:9 segment, which secured the largest portion of revenue. This dominance
was attributable to its ability to present high-definition images without
distortion. Additionally, industry participants are actively innovating to
enhance displays with a 21:9 aspect ratio, offering larger image visibility and
obviating the necessity for multiple screens. On the other hand, the 4:3 aspect
ratio display occupied the smallest market share due to its limitations in
image clarity and precision.
Major companies operating in United States Medical
Display Monitors Market are:
- Hewlett Packard Enterprise Development
LP
- Quest International SA
- Stryker Corp
- Double Black Imaging Corp
- STERIS Corp
- UTI Technology Services Ltd
- NDS Surgical Imaging LLC
- Canvys
- BenQ Corp
- Advantech Co., Ltd.
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“The United States Medical Display Monitors Market is
at the cusp of a technological revolution. High-resolution displays, AI
integration, 3D/4D imaging, and telemedicine capabilities are driving
innovation in the industry. As healthcare continues to evolve, medical display
monitors will play a pivotal role in providing healthcare professionals with
the tools they need to make more accurate diagnoses and enhance patient care.
Manufacturers who stay attuned to these emerging trends and prioritize innovation
will lead the way in shaping the future of medical display technology,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“United States Medical Display Monitors Market
By Type (Greyscale,
Color), By Aspect Ratio (16:09, 21:09, 04:03), By Technology (LED, OLED, CCFL),
By Application (General Radiology, Mammography, Surgery, Dentistry, Digital
Pathology, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of United States Medical Display Monitors 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 United States Medical Display Monitors Market.
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