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. These technologies allow medical displays to be more versatile and user-friendly, which is essential for various medical applications. For instance, wireless data transmission allows medical professionals to easily share images and data between different devices, improving the efficiency of diagnosis and treatment. Microcontroller functions allow medical displays to be customized to meet the specific needs of different users, such as radiologists, surgeons, and nurses. \
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Data Bridge Market Research analyses that the Medical Display Market will grow at a CAGR of 6.20% in the forecast period of 2022 to 2029 and is expected to reach USD 1,113.11 million by 2029 from USD 687.92 million in 2021. Medical displays are used in a variety of critical applications, such as surgery, radiology, and digital pathology. As a result, there is a high demand for high-quality displays that can provide accurate and high-resolution images. The healthcare industry is increasingly adopting digital technologies, such as electronic health records (EHRs) and picture archiving and communication systems (PACS). This is driving the demand for medical displays that can be integrated with these systems.
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.
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.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: BenQ (Taiwan), ALPINION MEDICAL SYSTEMS Co., Ltd (U.S.), Nanjing Jusha Commercial & Trading Co., Ltd (China), COJE CO.,LTD. (U.S.), Axiomtek Co., Ltd. (Taiwan), Dell Inc. (U.S.), H.P. Development Company, L.P. (U.S.), Reshin (China), Onyx Healthcare Inc. (Taiwan), Shenzhen Beacon Display Technology Co., Ltd. (China), Rein Medical (Germany), STERIS. (U.K.), Barco. (Belgium), Hisense. (China), Sony Corporation (Japan), Advantech Co., Ltd. (Taiwan), L.G. Electronics. (South Korea), Sharp NEC Display Solutions (Japan), Koninklijke Philips N.V. (Netherlands), Siemens Healthcare GmbH (Germany), Panasonic Corporation (Japan).
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