Medical Display Monitor Market Emerging Trend, Advancement, Growth and Business Opportunities
The global medical display monitor market is experiencing growth, according to P&S Intelligence. This growth can be ascribed to the growing occurrence of chronic illnesses, increasing acceptance of hybrid operating room technologies, increasing need for minimally invasive treatments, and short standby cycle of medicinal display technologies are the main reasons boosting the growth of the market.
Based on technology, the medical display monitor industry is divided into CCFL-backlit LCD, LED-backlit LCD, and OLED, among which, LED-backlit LCD dominates the industry. Monitors based on this expertise are more compressed, provide more illumination, and have an improved contrast ratio than other technologies.
Request free sample copy of this report: https://www.psmarketresearch.c....om/market-analysis/m
Also, the easy obtainability of such monitors and high consumer fondness are contributing to their huge demand. The technology held a 75.7% market share in recent years.
Based on the resolution, the medical display monitor market has been divided into 3MP–4MP, 5MP–8MP, 2MP, and above 8MP displays. In the coming few years, the industry for monitors of 5MP–8MP resolution is projected to experience the fastest development, with a CAGR of 5.2%.
This is mainly because of the fact that such monitors offer better-quality pictures, as compared to other monitors, for several surgical and diagnostic drives.
North America held the major share of the medical display monitor industry. The industry development in the continent is large because of the increasing fondness for minimally invasive operations, cutting-edge healthcare infrastructure, and the growing occurrence of chronic illnesses.
As per the American Society of Plastic Surgery (ASPS), 17.5 million medical and minimally invasive cosmetic procedures were achieved in the U.S. in 2017.
The National Health Expenditure Account (NHEA) stated that healthcare expenditure in the U.S. touched USD 3.3 trillion in 2016 and reported for 17.6% of the GDP.
Therefore, increasing healthcare expenditure is growing the affordability for the analysis and treatment of illnesses, which, ultimately, is driving the development of the medical display monitor industry in the continent.
The growing occurrence of chronic illnesses, like cancer and heart diseases, is one of the main boosters for the development of the medical display monitor industry. As per the
American Cancer Society (ACS), the count of cancer cases identified in the U.S. would stand at 1,688,780 for the year 2017. It was also projected that in 2017, nearly 13% of the young populace 20 years old or above would be impacted by rare cancer in the ratio of 6 cases per 100,000 people.
Hence, the growing occurrence of chronic illnesses, increasing acceptance of hybrid operating room technologies, increasing need for minimally invasive treatments, and short standby cycle of medicinal display technologies are the major factors propelling the medical display monitor market.
SOURCE: P&S Intelligence
#medicaldisplaymonitormarket #medical #medicaldisplaymonitor
#psintelligence #psmarketresearch #marketshare #marketsize #markettrends
