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Rise in adoption of hybrid operating rooms, short replacement cycles of medical display and surge in preference for minimally invasive treatments fuel the growth of the North America and Europe medical display market. On the other hand, market saturation in developed countries and increasing adoption of refurbished medical displays restrain the growth to some extent. However, technological advancements in imaging techniques are expected to create a number of opportunities in the near future.North America and Europe Medical Display Market Outlook:
The report provides a detailed analysis of the drivers & opportunities, wavering market trends, competitive market landscape, and market size & estimates. According to the report, the North America and Europe medical display market was estimated at $1.01 billion in 2018 and is expected to hit $1.51 billion by 2026, registering a CAGR of 5.2% during the study period.
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Based on device, the desktop segment contributed to 89% of the total market revenue in 2018 and is expected to dominate throughout the forecast period. As the most widely used medical displays due to ease of usage and better compatibility, desktops have just become an inevitability in almost every surgical procedure. The same segment is also projected to grow at the fastest CAGR of 5.4% by 2026.
The surgical segment to rule the roost during the study period-
Based on application, the surgical segment held the major share in 2018, generating more than one-fourth of the total market. The same segment is also projected to register the fastest CAGR of 6.1% till 2026.
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The U.S generated the largest share in 2018-
Based on geography, the U.S segment held the major share in 2018, contributing to nearly two-fifths of the total market. Availability of medical displays with high end configurations has spurred the growth of the segment. At the same time, Germany is predicted to showcase the fastest CAGR of 6.6% during 2019–2026.
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The key market players analyzed in the report include ASUSTeK Computer Inc., Axiomtek Co., Ltd., JVC Kenwood Holdings Inc., Barco NV, BenQ Medical Technology, Sony Corporation, Coje CO., LTD., Dell Technologies Inc., LG Display Co., Ltd., Novanta Inc. (Novanta), Advantech Co., Ltd. (Advantech), Shenzhen Beacon Display Technology Co., Ltd., Double Black Imaging Corporation, FSN Medical Technologies, EIZO Corporation (EIZO), Hisense Medical, HP INC., Nanjing Jusha Commercial & Trading Co, Ltd., Alpha Display, and Steris PLC.
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