Innovations in medical display technologies such as high resolution and 4K resolution have significantly improved image quality. This improvement has driven an increase in demand for these sophisticated displays within the healthcare sector. High-resolution displays continue to grow as healthcare professionals seek better diagnosis and patient care by leveraging superior imaging capabilities.
New Delhi, February 7, 2025 (Globe Newswire) – According to a recent survey from Astute Analytica, the global medical exhibition market was valued at US$210 million in 2023 and reached US$4,063.8 million in 2032 It is estimated to generate revenue. At a CAGR of 7.61% over the forecast period of 2024-2032.
The demand for medical exhibits has witnessed a significant increase, driven primarily by the increase in diagnostic imaging procedures and the increased adoption of advanced healthcare technologies. In 2023, the Global Healthcare sector recorded over 3 billion medical imaging procedures, highlighting the pressing need for accurate imaging solutions that can support accurate diagnosis and effective treatment plans. The role of high-quality medical displays becomes even more important as healthcare providers are increasingly relying on imaging techniques to guide clinical decisions.
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One important factor that contributes to the increased demand for medical exhibits is the surge in minimally invasive surgery (MIS). Notable studies published in the March 2023 edition of the Journal of Interdisciplinary Cardiovascular and Thoracic Surgery show growth trends in minimally invasive surgery. In the UK, MIS accounts for around 8% of the mitral valve heart, reflecting emerging preferences for these technologies among healthcare providers.
However, comparisons with Germany, which has a slightly larger population, revealed a great contrast. In 2022, MIS represents 55% of similar surgeries. This disparity underlines the growing global emphasis on minimally invasive approaches, which drives the demand for sophisticated medical displays that improve surgical performance and accelerate patient recovery.
LED backlight LCD display technology has emerged as the basis for the medical display market, which leads an impressive market share of over 44.53%. This dominance can be attributed to the superior performance of technology specifically tailored to meet the stringent needs of medical imaging.
One of the key benefits of LED-Backlit LCDS is its reliability and lifespan. These displays typically have an operating lifespan of over 50,000 hours, which significantly reduces the need for frequent maintenance and replacements. This durability is important in medical environments where equipment downtime is serious in patient care.
In addition to its lifespan, LED backlight LCDs are characterized by fast response times and high refresh rates, essential for real-time imaging applications. These functions are particularly important in procedures such as endoscopic examinations and surgical navigation. In this procedure, immediate visual feedback is essential to guide healthcare professionals during complex interventions. The ability to deliver real-time images with minimal delay increases the accuracy of these procedures and ultimately contributes to improving patient outcomes.
Medical displays are primarily used in diagnostic applications
Medical displays firmly establish dominance in the realm of diagnostic applications within the medical display market. As of 2023, this segment accounted for more than 27.52% of the total market. This is a number that highlights its important role in improving both the accuracy and efficiency of medical diagnosis. The importance of medical displays in diagnostics cannot be overstated. These are the key tools healthcare professionals rely on to make informed decisions about patient care.
A key factor that strengthens the market position of medical displays is the strict regulatory standards that govern their use in diagnostic settings. These medical displays have firmly established dominance within the medical display market, particularly in diagnostic applications. In 2023, the Diagnostics Applications segment accounted for more than 27.52% of the market share, highlighting the important role these displays play in increasing the accuracy and efficiency of medical diagnostics.
Strict regulatory standards that govern the use of medical grade displays for diagnostic purposes allow only displays that meet certain performance standards to be used, further strengthening the market position. The widespread adoption of digital imaging and healthcare information systems such as picture archives and communication systems (PACS) has contributed significantly to the growing demand for medical displays.
These advanced systems require displays that can accurately reproduce digital images without degradation, allowing medical professionals to access high-quality visual information for informed decisions . This demand has led the medical exhibition market to develop and integrate cutting-edge technologies that meet the evolving needs of the healthcare industry.
North America stands as the best revenue contributor to the market
North America has established itself as the world's largest medical display market, and is a status achieved through a unique combination of advanced medical infrastructure, substantial healthcare spending and early adoption trends of innovative technology . The health sector in the region is particularly robust, with a critical network of over 6,000 hospitals in the United States alone, as reported by the American Hospital Association. This extensive healthcare system provides a solid foundation for increasing diagnostic accuracy and integrating advanced medical display technologies that are essential for improving patient care.
In 2023, healthcare costs in the US reached an astounding $4.9 trillion, reflecting a 7.5% increase from the previous year. The spending is an impressive average of $14,570 per person, highlighting the country's commitment to investing in healthcare. As the demand for advanced medical displays continues to grow, the US healthcare sector is making significant investments in healthcare IT and imaging technologies. These investments are important to help healthcare facilities meet the evolving needs of healthcare providers and patients.
The US medical imaging market is valued at over $15 billion as of 2023, and the environment for the application of medical display technology is becoming more and more popular. This vibrant market is driven by an increase in diagnostic procedures, including an impressive annual total, including MRI scans of over 40 million people across the country. A large amount of these scans should use high-resolution displays to ensure accurate diagnosis and effective treatment plans. As a result, the North American medical display market is not only robust, but also essential for the continued advancement of healthcare services.
Major companies:
Advantech Co. Ltd
Asustek Computer Inc
Axiomtek Co., Ltd.
B. Brown
Balco
Benq Medical Technology
Coje Co., Ltd.
Dell Inc.
Diva Research Institute. Ltd
Double black imaging
Eizo Corporation
FSN Medical Technology
General Electric Company (GE Healthcare)
HP Inc.
LG Corporation
Manage the Engine
New Vision Display (Shenzhen) Co, Ltd.
Novanta Inc
Siemens AG
Sony Electronics Inc.
Sotto Medical System
Wide Corporation
Other well-known players
Important segmentation:
Depending on the product
Surgical Field Camera
Distribution system
monitor
server
Hybrid Visual System
By technology
LED-Backlit LCD Display
CCFL-Backlit LCD Display
OLED display
Depending on the panel size
Less than 22.9 inch panel
23.0-26.9 inch panel
27.0-41.9 inch panel
42 inch or more panels
By the solution
Up to 2mp
2.1-4MP
4.1-8MP
Over 8MP
Depending on the color displayed
Color display
Monochrome display
By application
diagnosis
General radiology
Mammography
Digital Pathology
Multimodality
Surgical/Intervention
Dentistry
others
By region
North America
Europe
Asia Pacific
Middle East and Africa
south america
For more information about this report, please visit: https://www.astuteanalytica.com/industry-report/medical-display-market
On acute analysis
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