U.S. Medical Display Monitors Market To Hold a High Potential for Growth by 2028: Grand View Research Inc.

 U.S. Medical Display Monitors Market Growth & Trends

The U.S. medical display monitors market size is estimated to reach USD 1.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.7% from 2021 to 2028. The rise in the number of diagnostic imaging centers across the U.S., increased adoption of hybrid operating rooms, rise in minimally invasive surgeries, increased cancer prevalence, and high volume of diagnostic imaging procedures are the factors responsible for market growth.

The display allows surgeons and medical practitioners to view diagnostic and surgical images in higher resolution for clear identification of tissues and blood vessels. A single monitor has the capacity to display data from optical microscopes, navigation displays, video streaming of the operating room, and diagnostic scans, to reduce surgeons’ burden to obtain data from different sources. This tool is of utmost importance for the radiologist, as it plays a key role in diagnosis accuracy and helps reduce errors.

Market leaders are developing display monitors integrated with computer systems to ultimately interact with all medical devices within the medical setting to enhance operability and improve data security. Additionally, to tackle issues like reduced radiology staff and increased work pressure on radiologists after the outbreak of Covid 19, Barco has developed a display controller. This eased their workflow and improved efficiency. However, the market dropped in 2020, due to the reduced elective surgeries, hospital economic instability, and reduced emergency room admissions. However, the market is anticipated to normalize by mid-2022.

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U.S. Medical Display Monitors Market Report Highlights

• The greyscale segment accounted for the largest revenue share in 2020 in the type outlook as it provides ease of workflow and is cost-efficient
• The 16:9 aspect ratio segment held the largest revenue share in 2020
• LED is the largest revenue-generating segment in this market owing to the Low energy requirement, brighter images, high operational life, reduced heat generation, non-reactive to the temperature-sensitive environment, and lower power consumption, in this end-user setting
• The general radiology segment accounted for the largest revenue share in the application segment as it provides diagnostic accuracy, reduction in errors, and constant need for high-quality imaging displays

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U.S. Medical Display Monitors Market Segmentation

Grand View Research has segmented the U.S. medical display monitors market on the basis of type, aspect ratio, technology, and application:

U.S. Medical Display Monitors Type Outlook (Revenue, USD Million, 2016 - 2028)

• Greyscale
• Color

U.S. Medical Display Monitors Aspect ratio Outlook (Revenue, USD Million, 2016 - 2028)

• 16:09
• 21:09
• 04:03

U.S. Medical Display Monitors Technology Outlook (Revenue, USD Million, 2016 - 2028)

• LED
• OLED
• CCFL

U.S. Medical Display Monitors Application Outlook (Revenue, USD Million, 2016 - 2028)

• General Radiology
• Mammography
• Surgery
• Dentistry
• Digital Pathology
• Others

List of Key Players of U.S. Medical Display Monitors Market

• HP Development Company, L.P
• Quest International
• Stryker
• Double Black Imaging
• Steris
• UTI Technology
• NDS Surgical Imaging, A Novanta Company
• Canvys
• Advantech Co. Ltd.
• Barco
• Eizo Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.