Display monitors are among the most essential and easily recognizable equipment types at healthcare settings. A lot of the diagnoses these days are made by doctors based on what they see on these monitors. From the results of imaging studies and vital sign readings to what is going on inside the body, as the surgeon operates, everything can be seen on such screens. With the increasing population around the world, the demand for healthcare services is constantly going up. With more medical centers being set up in this regard, the procurement of display monitors is also rising.
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Thus, with a higher hospitalization rate, the medical display monitor market is projected to reach $2.8 billion by 2023 from $2.1 billion in 2017, witnessing a CAGR of 4.9% during 2018–2023 (forecast period). A monitor could be a simple one attached to a physician’s computer or that integrated with a particular system, such as a vital sign monitor or an ultrasound scanner. One thing all medical professionals desire with monitors is good display quality.
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Along with diagnosis, the usage of display monitors is also rapidly rising in surgeries, especially with the advent of minimally invasive surgeries (MIS) and hybrid operating rooms (OR). A hybrid OR has a number of monitors, attached to imaging modalities, which assist surgeons in complex operational procedures. Apart from imaging systems, the vital sign monitor in ORs too have a monitor, so if any anomaly is detected in any of the waveforms, doctors can immediately do the needful.
This study covers
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders