Deals at global events like RSNA (Radiological Society of North America) showcase cutting-edge solutions, fostering collaborations. With the growing prevalence of chronic diseases and the expansion of telemedicine, the market is poised for growth, emphasizing the need for precise, durable, and efficient imaging displays. The expanding 3D Imaging Market and
3D Display Market are also contributing to this growth, particularly in diagnostic imaging and surgical planning.
Key Takeaways
- The Global Medical Imaging Display Market is predicted to value USD 2.9 billion in 2024 and is anticipated to reach USD 4.7 billion by 2033 at a CAGR of 5.7%.
- The LED segment is expected to dominate the medical imaging displays market with the highest revenue share of 44.9%.
- The monochrome segment is expected to dominate the market with a high revenue share in 2024.
- The hardware segment is anticipated to hold the lead in the global medical imaging displays market in 2024.
- The diagnostic display segment is predicted to dominate with a large share of 31.5% of the market during the forecast period of 2024 to 2033.
- North America is anticipated to dominate the global medical imaging display market with a revenue share of 34.1% in 2024.
Use Cases
- Medical Imaging displays are extensively used by radiologists to interpret various types of medical images such as X-rays, CT scans, MRI scans, ultrasound, and PET scans as they provide high-resolution images with accurate color representation.
- Real-time imaging displayed on high-quality monitors helps surgeons navigate and perform procedures accurately during surgery.
- These play an important role in treatment planning for cancer patients as oncologists use imaging modalities like CT, MRI, and PET scans to precisely delineate tumor boundaries and adjacent healthy tissues.
- It is also a valuable tool in medical education and research as it allows instructors to present case studies, demonstrate anatomy, and illustrate pathological conditions to medical students, residents, and fellows.
Market Dynamic
The medical imaging display market is growing due to the development of new products and the need for diagnostic imaging techniques. Also, the global increase in the aging population is expected to raise the need for these devices as chronic diseases are more common at this stage. Further, there is a demand for innovative diagnostic imaging as traumatic injuries are frequent and common nowadays, which increases the market growth.
These imaging displays are used to identify pathological alterations and structural abnormalities in the body, which are becoming popular for full-body checkup purposes hence driving the growth of this market. The display technique can detect eye abnormalities that humans are unable to detect, hence this market is also useful for ophthalmology purposes.
However, technological advancements introduced more complex and high-resolution imaging modalities, which hindered the growth of this market. Emerging trends in the
Industrial Display Market also influence the development of rugged, high-durability imaging systems for field diagnostics and portable healthcare applications.
Research Scope and Analysis
By Type
The monochrome segment as a type is anticipated to dominate the medical imaging display market with a high revenue share in 2024.
Medical pictures like computed tomography scans, magnetic resonance imaging, and X-rays can be viewed on monochrome displays due to their superior grayscale contrast and resolution. These displays work longer than color panels for which they are frequently used in the
healthcare setting.
Further, monochrome displays are famous for their long-term stability and consistency as any difference in image quality can have a significant influence on patient care, driving the growth of this market. The Full HD segment is expected to grow at a fast rate as it is becoming popular in many professions in healthcare due to its compatibility with imaging modalities like CT scans, MRIs, X-rays, and ultrasound machines. Advanced 3D imaging capabilities, closely related to the
3D Imaging Market, are also influencing adoption trends.
By Component
The hardware segment is predicted to lead the global medical imaging displays market in 2024 due to high-resolution screens and graphics cards ensuring that pictures are seen properly, enabling medical professionals to make accurate diagnoses. Medical grade displays fulfill many regulatory criteria and provide advanced security. Moreover, it includes multi-modality support which shows images in real-time from many imaging devices. It also provides tools for altering and enhancing images.
In addition, the software is the fastest-growing segment in this market due to medical imaging technologies like MRI, CT scans, and ultrasound becoming more advanced.
By Display Technology
The LED segment is expected to dominate the medical imaging displays market based on display technology with the highest revenue share of 44.9% in 2024 due to its high contrast ratios and ability to display genuine blacks. The organic light-emitting diode (OLED) panel is important for medical imaging due to its ability to detect even minute differences in grayscale levels, which helps identify anomalies or fine details in images.
These panels provide constant brightness levels across the screen, resulting in consistent image quality and lowering the risk of losing important details due to uneven illumination. Further, LED displays require less power than other technologies in surgical or diagnostic rooms. Furthermore, the form format, resolution, and size of screens can be customized due to OLED technology, which drives the growth of this segment.
By Application
The diagnostic display segment is expected to dominate the largest share of 31.5% of the market during the forecast period of 2024 to 2033 as it is used to display high-resolution images with accurate color reproduction. It is important for healthcare professionals to accurately assess and diagnose medical concerns, which drives the growth of this segment in this market.
Display screens are designed to survive prolonged and careful use in the clinical domain as they have strong backlighting and long-lasting components. Also, the mammography segment is anticipated to show continuous growth in this market due to the frequency of breast cancer in women.
The Medical Imaging Display Market Report is segmented based on the following:
By Type
- Monochrome
- Full HD
- 3D
- Others
By Component
- Hardware
- Software
- Services
By Display Technology
- Light emitting diode (LED)
- Liquid-crystal display (LCD)
- Cathode Ray Tube (CRT)
By Application
- Diagnostic
- Mammography
- Dentistry
- Surgical
- Digital Pathology
- Others
Regional Analysis
North America region is expected to have a
revenue share of 34.1% for the medical imaging display market in the year 2024 which is mainly due to rising healthcare spending along with government support to the healthcare sector. New ways to diagnose using CT scans as well as digital radiography increase the designing of modern imaging displays.
The government in this region invests in the latest technologies to enhance accuracy and improve patient outcomes. The rising healthcare concerns in this region are also increasing the demand for advanced display solutions. Asia-Pacific is the second fastest-growing region in this market due to its flourishing technology, vast, diversified population, and rising middle-class population.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The Medical Imaging Display Market is facing intense competition from established companies that are strong in terms of advanced products, good quality products, and a strong brand image that drives revenue growth. Some of the major players in the market include
LG Display,
FSN Medical,
EIZO, and more.
Key market players implement such strategies as partnerships, new product launches, and acquisitions to strengthen their market positions and broaden their market presence. Further, manufacturers invest in research and development to introduce innovative features like multi-modality displays, touchscreen interfaces, and built-in calibration tools. Additionally, companies are coming up with medical display devices with new designs to improve their product offerings and attract new customers from different markets.
Some of the prominent players in the global medical imaging display market are:
- LG Display
- FSN Medical
- EIZO
- Sony
- Double Black Imaging
- Barco
- STERIS
- Jusha Medical
- Advantech
- Quest International
- Others
Recent Development
- In February 2024, Perimeter Medical Imaging AI announced commercial expansion within a major national healthcare system, with a follow-on placement of its flagship Perimeter S-Series OCT system at a new hospital site in North Texas.
- In November 2023, Fujifilm Healthcare Americas Corporation, a leading provider of diagnostic and enterprise imaging solutions, uncovered several new medical systems at the 2023 Radiological Society of North America which include three new digital radiography suites, two new fluoroscopy systems, a 0.4T MRI system, and a 128- slice computed tomography system.
- In October 2023, Abbott announced the launch of its new vascular imaging platform powered by Ultreon 1.0 Software in India which offers physicians a detailed view of blood flow and blockages within coronary arteries with the help of optical coherence tomography and artificial intelligence.
- In September 2023, Exo, a medical imaging startup, announced the launch of its newest imaging device, Exo Iris, which is a portable ultrasound device that combines point-of-care imaging, artificial intelligence, and health information technology systems.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 2.9 Bn |
| Forecast Value (2033) |
USD 4.7 Bn |
| CAGR (2023-2032) |
5.7 % |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Display Technology (LED, CRT, LCD), By Panel Size (Less than 22.9 inch, 23.0-26.9 inch, 27.0-41.9 inch, More than 42.0 Inch), By Resolution (Less than 2.0 MP, 2.1-4.0 MP, 4.1-8 MP, Above 8 MP), By Application (Diagnostic, Dentistry, Surgical, Digital Pathology, Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
LG Display, FSN Medical, EIZO, Sony, Double Black Imaging, Barco, STERIS, Jusha Medical, Advantech, Quest International, Others, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |