Global medical imaging monitor market was valued at USD 2.07 billion in 2019 by witnessing a growing CAGR of around 10% to reach USD 3.06 billion in 2025. Growth in the market is driven by the rising prevalence of diseases, which has increased the demand for healthcare services. This has increased the demand for carrying out various diagnostic procedures such as MRI, sonography, X-ray, among others before providing any treatment to the patients, thereby positively impacting the market. Besides, increasing adoption of technologies and continuous advancements in the available technologies is further anticipated to spur the market growth over next few years.
The global medical imaging monitor market is segmented based on device, panel size, type, display color, purpose, technology, application, modality, resolution, grade, company and region. Based on application, the market can be fragmented into digital pathology, multi-modality, surgical, radiology, endoscope, mammography and others. The surgical segment is expected to dominate the market through 2025 owing to the extensive usage of medical imaging monitors for carrying out different surgical procedures with its critical impact on the quality of procedures.
Regionally, the global medical imaging monitor market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these, North America is dominating the market and is anticipated to maintain its dominance in the global medical imaging monitor market during the forecast period as well owing to the growing prevalence of chronic diseases such as cancer, diabetes, renal disorders, respiratory ailments, gastro-intestinal disorders, among others in the region.
Major players operating in the global medical imaging monitor market include Siemens Healthineers AG, Advantech Co Ltd, Steris Corporation, Jvckenwood Corporation, Canon Inc., FSN Medical Technologies, Novanta Inc., EIZO Corporation, Barco NV, Alpha Display Co. Ltd., LG Display Co., Ltd, Sony Corporation, BenQ Medical Technology Corporation, Nanjing Jusha Commercial &Trading Co, Ltd, Hisense Medical, COJE Co., Ltd., Shenzhen Beacon Display Technology Co., Ltd., Dell Technologies Inc., Quest International, Inc., Double Black Imaging Corporation, Axiomtek Co., Ltd. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and estimate the market size of global medical imaging monitor market from 2015 to 2018.
- To estimate and forecast the market size of global medical imaging monitor market from 2019 to 2025.
- To classify and forecast global medical imaging monitor market based on device, panel size, type, display color, purpose, technology, application, modality, resolution, grade, company and regional distribution.
- To identify dominant region or segment in the global medical imaging monitor market.
- To identify drivers and challenges for global medical imaging monitor market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global medical imaging monitor market.
- To identify and analyze the profile of leading players operating in global medical imaging monitor market.
- To identify key sustainable strategies adopted by market players in global medical imaging monitor market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of medical imaging monitor manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global medical imaging monitor market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Medical imaging monitor manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to medical imaging monitor
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global medical imaging monitor market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Device:
- Market, By Panel Size:
o Under-22.9-inch Panels
o 23.0–26.9-inch Panels
o 27.0–41.9-inch Panels
o Above-42-inch Panels
- Market, By Type:
o Diagnostic Monitors
o Surgical Monitors
o Clinical Monitors
- Market, By Display Color:
- Market, By Purpose:
o Enhanced 3D Reconstruction Contrast Enhancement
- Market, By Technology:
o LED-Backlit LCD
o CCFL-Backlit LCD
- Market, By Application:
o Digital Pathology
- Market, By Modality:
o X-Ray plain film
o Computed Tomography (CT)
- Market, By Resolution:
o Up to 2 MP
o 2.1-4 MP
o 4.1-8 MP
o Above 8 MP
- Market, By Grade:
- Market, By Region:
o North America
? United States
? United Kingdom
? South Korea
o Middle East & Africa
? South Africa
? Saudi Arabia
o South America
Company Profiles: Detailed analysis of the major companies present in global medical imaging monitor market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).