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Global Medical Display Market to 2028 - Growing Demand for Digital Healthcare Fuels the SectorDUBLIN, June 9, 2023 /PRNewswire/ -- The "Global Medical Display Market by Technology (LED-Backlit LCD Displays, CCFL-Backlit LCD Displays, OLED Displays), Panel Size (Under 22.9 inch panels, 23.9-26.9 inch panels, 27-41.9 inch panels), Resolution, Display Color, Application - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering. The global market for Medical Display Market is estimated to grow significantly. By 2028, it is projected to reach a value of USD 2.9 billion, showing a compound annual growth rate (CAGR) of 5.2% during the forecast period, starting from USD 2.3 billion in 2023. The expansion of the medical display market is driven by various factors, including increasing technological advancements, growing demand for digital healthcare, increasing chronic diseases, increasing diagnostic imaging imaging procedures, and a rising demand for increased diagnostic accuracy. The industry for medical display is expected to progress due to the increasing advantages of digital visualization, as well as the adoption of advanced resolution displays. The high-quality medical images and the high-power efficiency offered by LED-backlit LCD are the major factors driving its adoption in the market. Further, OLED displays produce high-contrast medical images and deliver intensely wide color gamut, as compared to the highest-quality LED-backlit LCD display. These advancements in technology contribute to the overall growth and development of the medical display sector. 27.0-41.9 Inch Panels segment was dominated by the highest share in Medical Display Market The market for Medical Display Market is characterized into five segments such as technology, panel size, resolution, color and application. The 27.0-41.9 inch panel segment in panel size accounted for the highest share of the global Medical Display Market in 2022. Increasing demand for various medical imaging applications, including radiology, surgical suites, or dental clinics are some factors that are anticipated to promote market expansion throughout the projected period. Above 8MP resolution segment accounted for the fastest growing segment of the Medical Display Market in 2022 The market for Medical Display Market is characterized into five segments such as technology, panel size, resolution, color and application. The above 8MP segment in resolution accounted for the highest share of the global Medical Display Market in 2022. Growing volume of surgical procedures, and rising hospital expenditures and the reducing ASP of display panels, the adoption rate of these displays is expected to surpass that of other resolution displays are some of the factors thatcontribute to the big proportion of this market. Asia Pacific is expected to witness the fastest growth in the forecast period In the forecast period, Asia Pacific in the Medical Display will have the fastest rising regional growth. Large number of hospitals and healthcare facilities, increasing spread of chronic diseases such as cancer, neurological disorder, dental disorders, cardiovascular disorders are the main factors driving market growth. The rise of these illnesses in Asia Pacific has resulted in a higher requirement for medical displays for diagnostic imaging procedures. In response to growing healthcare needs, advancements in medical treatments, and a growing understanding of the advantages of medical displays, the medical display technology is expanding in Asia Pacific. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Isostatic Pressing Market, by Materials 7 Isostatic Pressing Market, by Offerings 8 Isostatic Pressing Market, by Type 9 Isostatic Pressing Market, by Capacity 10 Isostatic Pressing Market, by Process Type 11 Isostatic Pressing Market, by Industry 12 Isostatic Pressing Market, by Region 13 Competitive Landscape 14 Company Profile 15 Adjacent/Related Market 16 Appendix For more information about this report visit https://www.researchandmarkets.com/r/x8l8ha About ResearchAndMarkets.com Media Contact: Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/global-medical-display-market-to-2028---growing-demand-for-digital-healthcare-fuels-the-sector-301847112.html SOURCE Research and Markets |