Medical Display Market to be Worth $2,853.4 Million by 2026: Report

- Advertisement -

Due to its large population base in the Asia-Pacific region, in particular, India, China and Japan, the large healthcare sector is a major accelerator for the growth of the medical display market in the region

The global medical display market size was valued at $1,961.0 Million in 2018. It, as per a report by Valuates Reports, is expected to reach $2,853.4 Million by 2026 with a CAGR of 4.8 per cent during the forecast period.

“Due to its large population base in the Asia-Pacific region, in particular, India, China and Japan, the large healthcare sector is a major accelerator for the growth of the medical display market in the region,” read the report.

- Advertisement -

It continued, “Asia Pacific is expected to show the fastest CAGR growth during the forecast period, while Latin America’s demand is projected to expand at a slow to the moderate rate during the forecast period. The Middle East and Africa are also expected to have a moderate market share in the medical display market.”

Rise in healthcare expenditure

Major factors driving the growth of medical display market size are a rise in healthcare expenditure and an increased geriatric population. Furthermore, the increase in demand for multimodality displays for radiology and various medical applications in order to gain a clear view of ultrasound outputs and PET boosts the growth of the global medical display market size.

Based on type, the desktop segment is expected to hold the largest medical display market share with its wide usage in major applications due to high image quality, ease of image analysis, and others.

Based on application, the surgical segment is expected to hold the largest medical display market share due to the wide usage of medical displays for surgeries with its critical impact on the quality of procedures.

Based on the resolution, the 2.1–4MP segment is expected to hold the largest medical display market share due to its decent configuration that is suitable for multiple applications.

Based on panel size, the 27.0–41.9-inch panel segment is expected to hold the largest medical display market share due to its suitability for a wide range of applications, including surgical as well as diagnostics.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

AI Startup Funding Drops 10% YoY In 2023

0
With total investment falling by 10%, 2023 recorded AI startup backing of $42.5 billion, a decline after hitting the peak in 2021 as per...

Electric 2-Wheelers May Cost Less Than ICE Models in 4-5 Years: Report

0
In a scenario where a subsidy of ₹15,000 per kWh is provided, it is anticipated that the upfront cost parity for short- and mid-range...

Thoughtworks And AWS Unveil SDV Pulse For Industry Megatrend Navigation

0
Global technology consultancy and Amazon Web Services have released their first annual report, designed to assist automakers in quickly maximizing the potential of software-defined...

Buzz

Bharat Electronics Secures Export Worth $2.3 Billion For Fy25

0
Defence Public Sector Unit (DPSU) Bharat Electronics Limited (BEL), a leading aerospace and defence electronics company, announced on Friday that it has secured an...

Systrome Technologies Opens Electronics Manufacturing Facility in Thiruvananthapuram

0
To leverage quality telecom equipment production and local employment, Systrome Technologies recently inaugurated a new factory in the state capital of Kerala. A new manufacturing...

Hybrids Struggle For Incentives In Uttar Pradesh; Only FAME II-Certified Vehicles Eligible

0
Senior industry executives noted that Uttar Pradesh is looking to align hybrid and electric vehicle (EV) incentives with the central government's FAME II guidelines....

Important Sectors

Bharat Electronics Secures Export Worth $2.3 Billion For Fy25

0
Defence Public Sector Unit (DPSU) Bharat Electronics Limited (BEL), a leading aerospace and defence electronics company, announced on Friday that it has secured an...

Systrome Technologies Opens Electronics Manufacturing Facility in Thiruvananthapuram

0
To leverage quality telecom equipment production and local employment, Systrome Technologies recently inaugurated a new factory in the state capital of Kerala. A new manufacturing...

Hybrids Struggle For Incentives In Uttar Pradesh; Only FAME II-Certified Vehicles Eligible

0
Senior industry executives noted that Uttar Pradesh is looking to align hybrid and electric vehicle (EV) incentives with the central government's FAME II guidelines....

Hindustan Zinc Partners With Serentica for RE Solutions

0
Aiming for sustainability, Hindustan Zinc is integrating 450 MW of renewable energy into its operations across Rajasthan through a partnership with RE firm Serentica. Hindustan...

Cyient Announces Establishment Of Semiconductor Subsidiary

0
A new subsidiary acquires Cyient's semiconductor technology business, focusing on designing and selling specialised analogue mixed-signal chips using a fabless model amid India's semiconductor...

Manufacturing

India, Russia Partners To Boost India’s Defence Capabilities

0
Backed by Russia, HAL aims to produce and export Sukhoi Su-30 fighter jets in Nashik to enhance India's aerospace prowess and export potential. India's state-owned...

Zapp And Bounce Infinity Partner On Scooter Production at Bhiwadi Plant

0
The partnership will facilitate the manufacturing and distribution of Zapp's i300 electric urban motorcycles across India. Zapp Electric Vehicles Group Limited has unveiled a strategic...

Empowering Innovation: The Role of MSMEs in India’s Defence Sector

0
If large industries are the “face” of the Indian economy as they provide the most visible aspect, then the MSMEs are surely the “firm...

Quality Control With AI-Driven Optical Inspection

0
This collaboration combines optical inspection technology with high-performance Edge AI hardware, significantly improving printed circuit board assembly efficiency, reducing waste, and enhancing overall process...

River Mobility To Invest INR 1,000 cr In New EV Plant

0
River Mobility is gearing up to invest in the automotive industry with a new INR 1,000 crore plant in Telangana, strategic expansions, and robust...