A medical display serves as a specialized monitor designed to meet the stringent demands of medical imaging. Equipped with image-enhancing technologies, it ensures consistent brightness, noise-free images, ergonomic readability, and automatic compliance with medical standards, including digital imaging and communications in medicine (DICOM).
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.
Introduction:
The evolution of medical imaging technologies has significantly transformed healthcare, offering robust diagnostic tools for non-invasive injury and internal issue assessments, leading to early disease detection. Medical displays, distinguished by their adherence to image quality standards, medical regulations, and quality assurance, are preferred over consumer displays in medical imaging applications.
The main reasons for the growth of the medical display market is the rising demand for minimally invasive treatments (MIT) due to multiple benefits such as less post-operative pain, fewer operative, and major post-operative complications, shortened hospital stay, faster recovery times, less scarring, less stress on the immune system, smaller incision, and for some procedures it reduced operating time and reduced costs as well.
A medical display refers to a specialized monitor designed to meet the stringent requirements of medical imaging. It is equipped with specific image-enhancing technologies to ensure consistent brightness throughout its lifespan, noise-free images, ergonomic readability, and compliance with medical standards such as digital imaging and communications in medicine (DICOM).
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.
Drivers
The Growing Trend Towards Minimally Invasive Treatment
The main reasons for the growth of the global medical display market is the rising demand for minimally invasive treatments (MIT) due to multiple benefits such as less post-operative pain, fewer operative.
Growing Healthcare Infrastructure:
Governments and non-profit organizations in several countries mainly focus on developing health infrastructure to minimize disease burden and provide better health services. In addition, the adoption of technologically advanced medical devices, screens, monitors, and various other devices has increased.
The hospitals segment will dominate the end user segment of the medical display market
The hospitals segment will emerge as the dominating segment end user segment. This is because of the growing number of hospitals in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
The direct tender segment will dominate the distribution channel segment of the medical display market
The direct tender segment will emerge as the dominating segment under distribution channel. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the healthcare industry all around the globe will further bolster the growth of this segment.
Opportunity
- Technological Advancements In Medical Display Instruments
As the market-focus drive toward the production of orally deliverable dosage forms, there is a constant struggle to develop appropriate formulations of new molecules that allow oral administration and, simultaneously, ensure the drug has optimal bioavailability in patients.
To overcome this, pharmaceutical excipient manufacturers are developing easier products and reducing development time and cost. The development of medical display technologies has changed the healthcare industry, providing diagnostic tools, telehealth, providing support for non-invasive treatment, allowing diseases to be assessed and allowing the diseases to be detected earlier.
Restraint/Challenges
- High Costs Of Medical Display Devices
The high cost of display devices and the high implementation is the major factor restraining market growth, specifically in countries where the reimbursement scenario is poor.
Market Development
- In 2022, EIZO Corporation launched RadiForce MX243W in June. This 24.1-inch, 2.3-megapixel monitor is designed to carefully monitor and diagnose the complete physiology of patient systems in clinics and hospitals. The launch of this new medical device has added to EIZO’s portfolio and has helped to improve market penetration.
- In 2021, Barco launched the Nio Fusion 12MP medical display in May 2021. This product launch has enhanced Barco’s product portfolio and has led to increased sales and expansion of the medical display product line across North America and Europe.
- In 2020, Sony Corporation expanded its product line in May 2020 with the introduction of NUCLeUS. NUCLeUS includes wireless video streaming that allows clinical staff to access images with a smartphone from any modality. The launch of this product is expected to increase the product range across North America and Europe and increase customer base and sales.
- In 2020, FSN Medical Technologies partnered with RGB Spectrum in September 2020 to provide medical display video solutions to the medical market. This partnership has resulted in the expansion of FSN Medical Technologies’ product and business portfolio.
BY APPLICATION
- DIAGNOSTICS
- SURGICAL/INTERVENTIONAL
- PATIENT WORN MONITORING
- CONSULTATION
- TELEHEALTH
- TEACHING/PRACTICE
- DENTISTRY
- POINT OF CARE
- FETAL MONITORING
- OTHERS
MEDICAL DISPLAY MARKET, BY IMAGING TECHNOLOGY
- TOUCH SCREEN
- SCRATCH RESISTANT FONT GLASS
- FAILSAFE MODE
- CLEANABLE OPTIONS
- SOFTGLOW & SPOTVIEW
- OTHERS
BY END USER
- HOSPITALS
- BY TECHNOLOGY
- CLINICS
- NURSING FACILITIES
- DIAGNOSTIC LABORATORIES
- IMAGING/RADIOLOGY LAB
- LABORATORY
- REHABILITATION CENTERS
- OTHERS
Key Pointers Covered in the Medical Display Market Industry Trends
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Healthcare Outcomes
- Market Cost of Care Analysis
- Market Regulatory Framework and Changes
- Market Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study’
AI is expected to play a central role in the evolution of medical displays. Advanced algorithms will enhance image analysis, aiding in the detection of subtle abnormalities and providing automated insights to healthcare professionals.
The incorporation of augmented reality (AR) and virtual reality (VR) technologies into medical displays is likely to enhance the visualization and interpretation of medical images. This immersive experience could improve surgical planning and medical training.
The future of medical displays may involve a widespread adoption of 3D imaging technologies. This advancement can provide a more comprehensive and detailed view of anatomical structures, particularly in fields such as surgery, cardiology, and radiology.
Research Methodology: Medical Display Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional, and Vendor Share Analysis. Please request analyst call in case of further inquiry.
The advantages of medical displays in healthcare include:
- High Image Quality:
- Consistent Brightness
- Compliance with Standards
- Accurate Color Reproduction
- Noise Reduction
- Ergonomic Design
- Precise Calibration
- Diagnostic Confidence
- Integration with Advanced Technologies
- Enhanced Collaboration
- Customization for Specialty Areas
In conclusion, medical displays stand as indispensable tools in the realm of healthcare, offering a multitude of advantages that significantly impact patient diagnosis, treatment, and overall medical care. Their precision in visualizing high-quality images, adherence to regulatory standards, and integration with advanced technologies mark them as pivotal components in modern medical practices.
The consistent brightness, accurate color reproduction, and ergonomic design of medical displays contribute to the efficiency and confidence of healthcare professionals during image interpretation. Their ability to reduce noise in medical images enhances clarity and aids in the identification of subtle details crucial for accurate diagnosis.
Moreover, medical displays play a crucial role in supporting collaboration among healthcare teams, providing a standardized platform for reviewing and discussing medical images. Customization options cater to the diverse needs of different medical specialties, ensuring optimal performance in various healthcare applications.
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