According to Market Research Future (MRFR), the medical imaging displays market is predicted to thrive at a CAGR of 5.4% while procuring a significant market value during the forecast period by 2024.
The emergence of efficient medical software is expected to boost the medical imaging displays market 2020. The growing demand to digitalize medical imaging displays owing to its various benefits is expected to augment the market in the coming tenure. The image information systems are likely to gain prominence among radiologists and surgeons to analyze CT scans and MRIs during surgical procedures that can develop the market. Furthermore, reducing healthcare costs and the growing demand for advanced medical tools are predicted to bolster the market during the assessment period.
On the other hand, expenses associated with medical imaging displays are likely to hamper the market expansion during the evaluation period. Nevertheless, the growing investments in RD by the device manufacturers can counter restraining factors, which is likely to favor the market growth.
The segmental analysis of the medical imaging displays market is done by panel size, display technology, application, display color, and resolution.
The panel size based segments of the global medical imaging displays market are 23.0-26.9 Inch, 22.9 Inch, 27.0-41.9 Inch, and more than 42 Inch.
The display technology based segments of the global medical imaging displays market are TFT-LCD, LED, CRT, PMOLED, PM-LCD, and AMOLED.
The application-based segments of the medical imaging displays market are dentistry, general radiology, diagnostic, mammography, multi-modality, digital pathology, surgical/ interventional, and others.
The display color based segments of the medical imaging displays market are monochrome display and color display.
The resolution-based segments of the global medical imaging displays market are 2MP, 2.1–4MP, 4.1–8MP, and above 8MP.
Based on the geography, the medical imaging displays market is segmented into the Americas, Asia-Pacific, Europe, and the Middle East Africa.
As per the assessment, the Americas is expected to lead the global market during the evaluation period owing to the quick adoption of technological development in the healthcare sector. The growing incidence of chronic diseases is anticipated to further drive the regional market in the coming period. In addition, the increasing healthcare expenditure and the availability of venture capital and government funding are anticipated to bolster the market in the coming period.
Europe is anticipated to acquire a second position during the forecast period owing to the presence of a well-developed healthcare infrastructure. The growing government support to develop the healthcare sector during the review period.
The APAC region is projected to be the swiftest-growing market during the forecast period due to the increasing adoption of digital imaging systems. Furthermore, the growing awareness about health and the rising disposable income are other crucial factors that can aid in growing the regional market.
The MEA region is predicted to acquire a meager market share during the projection period owing to the underdeveloped countries. However, the Middle East countries are likely to make crucial participation in growing the regional market during the forecast period.
Eminent players of the global market for medical imaging displays market are Koninklijke Philips Canon Medical Systems Corporation (Japan), General Electric Company (US), Siemens Healthcare Private Limited (Germany), Hitachi Medical Systems Europe Holding AG (Switzerland), PHC Holdings Corporation (Japan), Carestream Health (US), Barco (Belgium), N.V. (Netherlands),