The North America and Europe medical display market was estimated at $1.01 billion in 2018 and is expected to hit at $1.51 billion by 2026, registering a CAGR of 5.2% from 2019 to 2026. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.
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Growth in adoption of hybrid operating rooms, short replacement cycles of medical displays, and increase 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 pave the way for a number of lucrative opportunities in the near future.
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.
Key players in the industry-
The key market players analyzed in the North America and Europe medical display market report include ASUSTeK Computer Inc., Barco NV, BenQ Medical Technology, Coje CO., LTD., Double Black Imaging Corporation, Advantech Co., Ltd. (Advantech), Axiomtek Co., Ltd., LG Display Co., Ltd., Dell Technologies Inc., Novanta Inc. (Novanta), Shenzhen Beacon Display Technology Co., FSN Medical Technologies, Hisense Medical, HP INC., Sony Corporation, Alpha Display, JVC Kenwood Holdings Inc., Nanjing Jusha Commercial & Trading Co, Ltd., Ltd., Steris PLC, and EIZO Corporation (EIZO). These market players have taken recourse to exclusive strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their foothold in the industry.
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The surgical segment to remain lucrative till 2026-
Based on application, the surgical segment accounted for more than one-fourth of the total market share in 2018 and is anticipated to rule the roost throughout 2019–2026. This is attributed to the higher adoption of medical displays in surgical procedures. Simultaneously, the segment would grow at the fastest CAGR of 6.1% during the estimated period.
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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