Furthermore, increasing healthcare expenditure and growing number of pathological and radiology labs in the region are creating high demand for medical display systems. Also, rise in demand for various diagnostic procedures such as medical resonance imaging, ultrasound and X-ray coupled with need for detailed view of these diagnostic outputs by medical professionals like radiologists, surgeons and information technology specialists is fueling the growth of Europe medical display market. Apart from this, rise in geriatric population suffering from various chronic diseases is also supporting the growth of medical display market.
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Europe medical display market is segmented based on device, panel size, display colour, display technology, end user, resolution, application and country. Based on device, the market can be split into mobile, desktop, all-in-one products. Among them, desktop is expected to register high CAGR during the forecast period on account of high image quality and ease of image analysis. The growing adoption of desktop devices is making the segment dominant one in European market.
Based on panel size, Europe medical display market can be segmented into under-22.9-inch panels, 23.0–26.9-inch panels, 27.0–41.9-inch panels and above-42-inch panels. Among them, 27.0–41.9-inch panel segment is witnessing high demand and is expected to undergo fastest growth through 2025, which can be attributed to their suitability for wide range of applications including diagnostics and surgical procedures.
Major players operating in the Europe medical display market include Axiomtek Italia Srl, Barco N.V., STERIS plc., Hewlett – Packard Limited, Dell Technologies, Foreseeson GmbH, Hisense Medical Equipment Co., Ltd., COJE Co. Ltd., Nanjing Jusha Commercial & Trading Co, Ltd., Shenzhen Beacon Display Technology Co., Ltd. and LG Display Co., Ltd. The companies are undergoing growth strategies including new product development, mergers & collaborations and partnerships.
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“The presence of prominent medical display device manufacturers in Europe is resulting in huge growth opportunities. As governments across various European nations such as Germany and Italy are increasing expenditure on healthcare sector owing to which, there is a growing demand for medical devices such as medical displays. Moreover, surge in various surgical procedures due to increasing geriatric population, is creating fueling demand for medical displays,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Europe Medical Display Market By Device (Mobile, Desktop, All-in-one Products), By Panel Size (Under-22.9-inch Panels, 23.0–26.9-inch Panels, 27.0–41.9-inch Panels, Above-42-inch Panels), By Display Colour (Colour Display, Monochrome Display), By Display Technology (LED, TFT-LCD, CRT, PM-LCD, PMOLED, AMOLED), By End User (Hospitals, Diagnostic Centres, Community Healthcare), By Resolution (Up to 2 MP, 2.1-4 MP, 4.1-8 MP, Above 8 MP), By Application (Digital Pathology, Multi-modality, Surgical, Radiology, Mammography, Others), By Country, Forecast & Opportunities, 2025” has evaluated the future growth potential of Europe medical display market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe medical display market.