Medical Display Market to Garner $2.85 Bn, Globally, by 2026 at 4.8% CAGR, Says Allied Market Research

PORTLAND, Oregon, Oct. 9, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Medical Display Market by Device (Mobile, Desktop, and All-in-one products), Panel Size (Under-22.9-inch Panels, 23.0-26.9-inch Panels, 27.0-41.9-inch Panels, and Above-42-inch Panels), Resolution (Up to 2 MP, 2.1-4 MP, 4.1-8 MP, and Above 8 MP), and Application (Digital Pathology, Multi-modality, Surgical, Radiology, Mammography, and Other Applications): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global medical display industry was pegged $1.96 billion in 2018 and is projected to $2.85 billion by 2026, registering a CAGR of 4.8% during the forecast period.

https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

Chief reasons for market fluctuations

Rise in number of medical establishments and increase in healthcare expenditure have boosted the growth of the global medical display market. Moreover, rise in geriatric population increases the demand for medical-aid and medical display devices. However, higher costs associated with devices hampers the market growth. On the contrary, growth in demand for multimodality displays for radiology and surge in demand for various medical applications to get a detailed view of ultrasound outputs and PET coupled with increased demand for various diagnostic procedures such as ultrasound, medical resonance imaging, and X-ray are expected to create lucrative opportunities in the near future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6069

Desktop segment dominated the market

The desktop segment held the largest share in 2018, contributing around 89% of the global medical display market and is estimated to maintain its dominance throughout the forecast period. Moreover, the market is projected to manifest the fastest CAGR of 5.0% during the forecast period, as it is a preferred display type for major applications such as surgical procedures due to its ease of usage and better compatibility.

Above 8MP segment to portray fastest CAGR

The above 8MP resolution segment is expected to register the fastest CAGR of 6.0% through 2026, owing to its better visualization. However, the 2.1-4MP resolution segment dominated the global medical display market in 2018, contributing more than one-fourth of the market, as it offers adequate resolution for majority of diagnostic applications.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6069

Surgical segment to manifest the fastest CAGR through 2026

The surgical segment is anticipated to register the fastest CAGR of 5.7% during the study period, owing to higher adoption of medical displays in surgical procedures. Moreover, the critical nature of procedure demands medical-grade displays instead of consumer displays. The segment held the lion's share in 2018, accounting for more than one-fourth of the market. The report includes analysis of the other segments such as digital pathology, multi-modality, radiology, mammography, and others.

Asia-Pacific region to develop new opportunities

The market across the Asia-Pacific region held the largest share in 2018, contributing more than one-fourth of the global medical display market, owing to large number of healthcare facilities and increasing need for medical services. Moreover, the region is estimated to register the fastest CAGR of 5.5% during the study period. However, the market across North America is expected to portray gradual growth through 2026.

Major market players

    --  Alpha Display
    --  ASUSTeK Computer Inc.
    --  Axiomtek Co., Ltd.
    --  Barco NV
    --  BenQ Medical Technology
    --  Coje CO., LTD.
    --  Dell Technologies Inc.
    --  Double Black Imaging Corporation
    --  FSN Medical Technologies
    --  Hisense Medical
    --  HP INC.
    --  JVC Kenwood Holdings Inc.
    --  Nanjing Jusha Commercial & Trading Co, Ltd.
    --  Shenzhen Beacon Display Technology Co., Ltd.
    --  Steris PLC
    --  EIZO Corporation (EIZO)
    --  Sony Corporation
    --  LG Display Co., Ltd.
    --  Novanta Inc. (Novanta)

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Biopsy Devices Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Endoscopy Devices Market - Opportunity Analysis and Industry Forecast, 2019-2026

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

View original content:http://www.prnewswire.com/news-releases/medical-display-market-to-garner-2-85-bn-globally-by-2026-at-4-8-cagr-says-allied-market-research-300934700.html

SOURCE Allied Market Research