Global Medical Display Market: Brief Account
In recent years, the healthcare sector has undergone tremendous evolution owing to rising prevalence of numerous diseases all across the world. With rapid advancement in technology the healthcare sector has witness lifesaving inventions and discoveries. Introduction of new and enhanced treatment as well equipment have helped to build trust among people to go for medical treatment. Medical display is one such invention which has helped and improved diagnostic along with therapeutic procedure performance. Growing inclination towards imaging technology for treating complex as well as minor cases has boosted medical display market.
Rising awareness among people regarding the new technology and treatments in the healthcare sector have drawn more people, which has directly helped the medical display market to grow. Increase in disposable income throughout the world and government’s initiative to develop the healthcare sector have aided the market to reach new heights.
Global Medical Display Market: Trends and Opportunities
One of the major reason pushing the medical display market is the significant progress in the imaging sector. Increasing demand for the safety of patients and growing cases of surgeries has developed a trend for non-invasive procedures that reduces hospital stays and cuts the hospital bill is helping the market grow exponentially. Growing health conscious population all across the world due to rise in obesity and diabetes cases owing to intake of processed foods, ready to eat food, fast foods, and canned food have propelled them to uptake sports related activities. Rise in physical activities have resulted in sports related injuries such as bone fracture. This has increased the demand arthroscopy and endoscopy which completely depend on medical display screen for treatment purposes.
Surge in geriatric population have helped the market to flourish as old people due to their low immunity tend to fall sick more often. This has resulted in the uptake of medical display systems in most of the hospitals and diagnostics centers to identify the issue. Surge in demand for diagnostic imaging procedures such as computed tomography, x-ray, medial resonance imaging, and ultrasound owing to increase in various kind of infections have helped the market to gain significant momentum. Apart from this, noteworthy increase in the healthcare expenditure from public as well as private sectors is expected to ascend investment in the healthcare infrastructure development particularly in emerging countries, this will directly have a positive impact on the market.
However, the market witnesses several restraints such as the high cost of these displays in relation to traditional displays is prognosticated to pull down market in drastic manner. Nonetheless, the advancement in the healthcare sector is likely to catapult the market growth.
Global Medical Display Market: Regional Outlook
On the basis of geography, the market is present in North America, Europe, Middle East and Africa, Latin America, and Asia Pacific. Amongst these, North America is predicted to account for major share owing to early adoption of technology. Presence of major player in the region also favors the region to rise. Although, Asia Pacific is predicted to witness a strong demand in the medical displays due to government’s initiatives to develop healthcare sector and rise in pool of geriatric population in the region. Increase in number of public and private healthcare facilities in the reason is fueling the market demand.
Global Medical Display Market: Companies Mentioned
Some of the major players in the market are LG Display, Quest International, Siemens, Advantec, FSN, Jusha Medica, Sony, Barco, Eizo, and Novanta.
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