APAC to Lead Medical Imaging Monitor Market until 2025
Growing number of medical establishments across the globe to drive medical imaging monitor market
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 Region, Competition, Forecast
& Opportunities, 2025”, the global medical imaging monitor market is projected to
reach $ 58 billion by 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, 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 more than 75% 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 is projected to grow at the highest pace 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 the most effective ones and
dominate the market with share of around 40% 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
is expected to remain the largest technology segment during the forecast period
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 AG, Steris Plc, Sony
Corporation, Novanta Inc., Barco NV, Eizo Corporation, LG Display Co. Ltd., Advantech
Co. Ltd., Jusha Medical, Jvckenwood Corporation, FSN Medical, Quest
International, Double Black Imaging Corporation, Shenzhen Beacon Display Co.,
Ltd., COJE Co, Ltd., Dell Technologies Inc., BenQ Medical Technology, Hewlett-Packard
Company, ASUSTeK Computer Inc., Advantech Co., Ltd. (Advantech), Canon Medical
Systems Corporation, Koninklijke Philips N.V., and GE Healthcare are some
of the leading players operating in the global medical imaging monitor market.
“Asia-Pacific is expected to dominate the
medical imaging monitor market during the forecast period owing to the growing
prevalence of various chronic diseases such as diabetes, cardiovascular
diseases, cancer, among others in the region. 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.
“Global Medical Imaging Monitor Market By Device, By
Panel Size, By Type, By Display Color, By Purpose, By Technology, By Application,
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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