Medical Display Market Size to Grow by $ 486.40 mn through 2021-2025  

Technavio research projects the medical display market to grow by $ 486.40 mn, accelerating at a CAGR of almost 5% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Medical Display Market: Key Market Driver

One of the primary factors that will trigger the growth of the medical display market size is Growing number of medical establishments. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Medical Display Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advantech Co. Ltd., Axiomtek Co. Ltd., Barco NV, Dell Technologies Inc., Double Black Imaging, EIZO Inc., FSN Medical Technologies, HP Inc., LG Electronics Inc., and Novanta Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

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The Global Medical Display Market is expected to grow by $ 486.40 million, accelerating at a CAGR of almost 5% during the forecast period. Although the Information Technology industry is expected to witness mixed growth as a result of COVID-19, the impact of the pandemic on the market in focus is expected to remain POSITIVE. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Preview our latest report

"The growing number of medical establishments will drive the growth prospects for the Global Medical Display Market in the forthcoming years. 42% of the market growth will originate from North America during the forecast period", says senior research analyst for the Information Technology Industry at Technavio.

Medical Display Market: Product Segment Highlights

• Product Segmentation: LCD and OLED
• Factors such as the growing number of medical establishments, increasing demand for imaging systems in diagnostic centers, and rising adoption of hybrid ORs will offer immense growth opportunities.
•  North America will offer several growth opportunities to market vendors during the forecast period. 42% of the market growth will originate from North America during the forecast period. The US is a key market for medical displays in North America. 

Medical Display Market: Competitive Analysis

• The Medical Display Market is fragmented due to the presence of several vendors.
• Market vendors focused on market expansion, innovations, and expansion of distribution networks.
• Advantech Co. Ltd., Axiomtek Co. Ltd., Barco NV, Dell Technologies Inc., Double Black Imaging, EIZO Inc., FSN Medical Technologies, HP Inc., LG Electronics Inc., and Novanta Inc. are some of the major market participants. Although the growing demand will offer immense growth opportunities, high price of medical displays, the development of 3D medical display systems, and stringent regulations for medical displays may impede market growth. 

Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report