About this market
The growing popularity of minimally invasive surgeries, there is an increase in the demand for specialized equipment that facilitates medical imaging and diagnosis in ORs. Healthcare institutes are increasingly setting up hybrid ORs, which are specially designed ORs equipped with large fixed imaging systems. These imaging systems provide real-time image guidance to healthcare professionals. Medical displays are required for the proper functioning of imaging systems used in hybrid ORs. Medical displays can effectively display imaging output from imaging systems. Healthcare professionals highly depend on medical displays because of their high resolution and consistent image quality. With the increase in the number of hybrid ORs, the demand for medical displays is expected to rise during the forecast period. The medical display market will register a CAGR of about 5% during the forecast period.
Market Overview
Increasing demand for imaging systems in diagnostics centers
The demand for diagnostic imaging centers is increasing across the world. This, in turn, is driving the demand for diagnostic imaging systems. The increasing technological advances have led to the rising adoption of new medical equipment in diagnostic centers. With the increase in the number of diagnostic imaging centers, there will be a rise in the demand for advanced medical equipment, including medical grade displays which will drive the market during the forecast period.
Stringent regulations for medical displays
Compliance with regulations and stringent norms leads to the high manufacturing cost of medical displays. The high cost of manufacturing increases the prices of medical displays. This hinders the adoption of medical displays among medical establishments with budget constraints, including hospitals in rural areas.
For the detailed list of factors that will drive and challenge the growth of the medical display market during the 2018-2022, view our report.
Competitive Landscape
The medical display market is concentrated with the presence of few established medical display manufactures. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.