#UHD Surgical Display Market Analysis 2023

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UHD Surgical Display Market Size Growing at 1% CAGR Set to Reach USD 1,240.12 Million By 2030

The UHD Surgical Display Market size is expected to grow from USD 670 Million in 2022 to USD 1,240.12 Million by 2030, at a CAGR of 1 % during the forecast period.

UHD Surgical/Medical Displays are display monitors that have a resolution of HD, a wide range of color technology, and high-brightness backlighting. The UHD moniker stands for "ultra-high definition." Because of these properties, doctors, surgeons, and researchers can do minimally invasive treatments while yet having a clearer view of the body's components. The market for ultra-high definition (UHD) screens is anticipated to grow as a result of the growing desire for minimally invasive procedures.

Top Key Players for UHD Surgical Display Market:

CONMED Corporation (United States), Hiliex (United States), Eizo (Japan), Barco (Europe), Siemens (Germany), Sony (Japan), Synergy Medical Inc (United States), Shenzhen Jld Display Expert Co. Ltd (China), FSN Medical Technologies (United States), Richardson Electronics Ltd (United States), and Other Major Players

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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.

Market Dynamics and Factors for UHD Surgical Display Market:

Drivers:

Growing Healthcare Infrastructure

As healthcare infrastructure and facilities advance, there is a greater focus on incorporating cutting-edge technology to improve patient care. UHD Surgical Displays can offer higher resolution, better color accuracy, and increased detail during medical procedures, which can be beneficial for surgeons and medical staff.  Surgical procedures often require precise and detailed visualization. UHD displays can offer superior image quality, allowing surgeons to see critical anatomical structures more clearly, leading to improved accuracy during surgeries.

Opportunities:

Technological Advancement in Medical Display Instruments

As medical display technology advances, UHD Surgical Displays offer higher resolution and pixel density, resulting in improved image quality and greater detail. This enhanced visualization can be crucial during complex surgical procedures, enabling surgeons to see fine anatomical structures and make more precise decisions. Technological advancements in medical display instruments present significant opportunities for UHD Surgical Displays. These advancements create a favorable environment for the adoption and utilization of UHD displays in various medical settings.

Segmentation Analysis of the UHD Surgical Display Market:

By Product

LED UHD Display

LCD UHD Display

By Application

Surgical Imaging

Diagnostic Imaging

Dental Imaging

Medical Education

Tele-medicine

By End-User

Hospitals

Diagnostic Imaging Centers

Academic and Research Centers

Ambulatory Surgical Centers

Others

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By region:

(U.S., Canada, Mexico)

(Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

(Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

(China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

(Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

(Brazil, Argentina, Rest of SA)

Key Industry Development:

In June 2022, EIZO Corporation launched RadiForce MX243W – a 24.1-inch 2.3-megapixel (1920 x 1200 pixels) monitor. The 24.1-inch 2.3 megapixels (1920 x 1200 pixels) monitor has been designed for careful monitoring and diagnosis of the complete physiology of patient systems in clinics and hospitals. The launch resulted in the addition of a new medical device to the portfolio and offered exceptional market purity.

In May 2021, Barco launched the Nio Fusion 12MP medical display. The product launch resulted in an enhanced product portfolio and a rise in sales and expansion of the medical display product line across North America and Europe.

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Medical Display Monitor Market Analysis, Demand, Growth Opportunities and Recent Trends by Leading Manufacturers and Regions

Global medical display monitor market is expected to attain revenue of $2.8 billion by 2023, according to P&S Market Research.

The market is mainly driven by increasing prevalence of chronic diseases, increasing demand for minimally invasive treatments, rising adoption of hybrid operating room (OR) technologies, and short replacement cycle of medical display technologies.

Displays with 5MP–8MP resolution held the largest share in the medical display monitor market in 2017, accounting for 30.5% share. This can be attributed to the fact that these monitors offer better-quality images in various surgical and diagnostic applications, as compared to other monitors. During the forecast period, the market for colored medical display monitors is expected to witness faster growth, at a CAGR of 5.2%. This is because of the high preference for these monitors for surgical and diagnostic purposes.

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Monitors of 23.0–26.9-inch panel sizes held the largest share in the medical display monitor market in 2017, accounting for 38.7% share. Diagnostics forms the largest application area of medical display monitors and is also anticipated to project the fastest growth, at a CAGR of 5.3%, in the market, during the forecast period. This can be attributed to the increasing adoption of these monitors in various imaging techniques, such as X-ray, magnetic resonance imaging, and computed tomography.

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According to a report published by the United Nations Department of Economic and Social Affairs (UNDESA) in 2017, the number of people aged 65 years and above in Brazil is expected to reach approximately 58 million by 2050. Therefore, increasing requirement for medical imaging devices and rising geriatric population in LATAM are expected to drive the medical display monitor market growth in the region in the coming years.

In order to increase their market share, key players of the medical display monitor industry are developing products for effective imaging in the areas of magnetic resonance imaging, digital subtraction angiography, and computed tomography. For instance, in October 2017, EIZO GmbH launched a 55-inch 4K ultra-high-definition (UHD) monitor, CuratOR LX550W, for use in interventional radiology and endoscopy. The widescreen monitor is ideal for displaying medical images for angiography, cardiology, and endoscopy in medical environments.

Some of the other key players operating in the global medical display monitor market are Siemens AG, Sony Corporation, Novanta Inc., Barco NV, LG Display Co. Ltd., Advantech Co. Ltd., Jusha Medical, JVCKENWOOD Corporation, and Steris plc.

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