Medical Display Monitor Market and its Future Outlook and Trends

1. Medical Display Medical Display Monitor Market Monitor Market 25 NOVEMBER 2019 Technology Application Demand Size Share

2. Medical Display Monitor Market Increasing Population Leading to Medical Display Monitor Market Growth The growth of the global medical display monitor market is mainly driven by the rising incidents of chronic diseases, increasing usage of hybrid operating room (OR) technologies, surging demand for minimally invasive treatments, and availability of advanced monitors. In 2017, the market attained a size of $2.1 billion, and it is predicted to witness a CAGR of 4.9% during the forecast period (2018–2023). These monitors are used to display the patient’s anatomy for correct diagnosis and treatment. Surgeons, radiologists, and physicians heavily depend on these monitors for providing quality healthcare. Request to Get the Sample Pages at: https://www.psmarketresearch.com/market-analysis/medical-display-monitor-market/report- sample On the basis of resolution, the medical display monitor market is classified into up to 2 MP, 3 MP–4 MP, 5 MP–8 MP, and above 8 MP. Among these, during the historical period (2013–2017), the 5 MP–8 MP classification dominated the market in terms of revenue, and it is expected to register a CAGR of 5.2% during the forecast period. Monitors with this resolution range offer better-quality images, when compared to others, for several diagnostic and surgical purposes. Further, colored medical display monitors are used more than the monochrome ones, as they provide improved visualization effects. Increasing incidents of chronic diseases, such as cancer and heart diseases, are one of the major drivers behind the progress of the medical display monitor market. As per the American Cancer Society, in the U.S., in 2017, the estimated number of cancer cases was estimated to stand at 1,688,780. The organization also claimed that in the same year, around 13.0% of young populace would be affected by rare cancers in the ratio of 6 cases per 100,000 people. Similarly, in 2014, the Australian Institute of Health and Welfare published Australia’s Health report after the 2007–2008 National Health Survey. As per the report, one-third of the population was suffering from at least one chronic condition, such as coronary heart disease (CHD), type 2 diabetes, asthma, and cerebrovascular disease (primarily stroke). The report further anticipated that the incidents of chronic diseases would rise

3. Medical Display Monitor Market with age. Hence, as the geriatric population increases across the world, so will the hospitalization rate. This would, in turn, lead to an increase in the number of healthcare settings, thereby driving the medical display monitor market. Thus, the surging incidents of chronic diseases is fueling the demand for enhanced medical display technologies, thereby augmenting the sales of such devices.

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