The global Medical Display Market is projected to reach USD 2.9 billion by 2028 from USD 2.3 billion in 2023, at a CAGR of 5.2% during the forecast period. There are several factors which drive the medical display market like rising technological advancements, increasing demand for diagnostic imaging, rising awareness and adoption of minimally invasive procedures and surge in telemedicine and remote diagnostics.
The market for Medical Display is dominated by companies like Barco NV (Belgium), Eizo (Japan), Sony Electronics Inc. (Japan), Lg Electronics (South Korea), Novanta (US), FSN Medical Technologies (South Korea), Advantech (Taiwan), Quest International (US), Steris (UK), Jusha Medical (China), Siemens Healthineers Ag (Germany), Double Black Imaging (US), HP Development Co. Ltd (US), Stryker (US), and Coje Display (South Korea)
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In 2022, Barco held an approximate major market share in the medical display market. The company operates through three business segments, namely, Entertainment, Enterprise, and Healthcare. The company offers various products such as displays, monitors, and workstations comprising large format displays; medical displays; and point-of-care devices. The company through the Entertainment business segment offers products for cinema venues and hospitality, the Enterprise segment offers products for control rooms and meeting rooms, and the Healthcare business segment offers displays for radiology, mammography, surgery, dentistry, pathology, and modality imaging. The company also offers DICOM-compliant review displays, digital OR systems, and point-of-care devices.
EIZO is involved in the manufacture and distribution of display monitors, computer peripherals, and imaging systems to different verticals such as business, healthcare, graphics, air traffic control, and maritime across the globe. The company operates its business in six market groups, namely, Business & Plus (B&P), Healthcare, Creative Work, V&S, Amusement, and Other. The healthcare segment offers displays and related products for medical imaging, diagnostic applications, and operating rooms. The company offers its medical display products under flagship brand named CuratOR and RadiForce. The company operates in Japan, the US, the UK, Germany, Sweden, Switzerland, Belgium, Italy, the Netherlands, Czech Republic, Austria, and China. Its major subsidiaries are EIZO Medical Solutions Inc. (Japan) EIZO Rugged Solutions Inc. (US), EIZO GmbH (Germany), EIZO Limited (UK), EIZO AG (Switzerland), and EIZO Display Technologies (Suzhou) Co., Ltd. (China).
Sony ELECTRONICS INC (Japan)
Sony is involved in developing and distributing electronic equipment, instruments & devices for consumer; mobile phones, game hardware & software; network services; still & video cameras; televisions; audio & video recorders and players; and semiconductors. The company operates its business through nine operating segments, namely, Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Semiconductors, Components, Pictures, Music, and Financial Services. The company offers its medical display products through its imaging products & solutions.
The company operates in more than 200 countries and territories across the globe. The company has its sales and distribution units in the US, Japan, the UK, China, South Korea, Taiwan, India, Brazil, UAE, and Mexico.
Medical Display Market by Technology (LED-Backlit LCD Displays, CCFL-Backlit LCD Displays, OLED Displays), Panel Size (Under 22.9 inch panels, 23.9-26.9 inch panels, 27-41.9 inch panels), Resolution, Display Color, Application - Global Forecast to 2028
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