Global Surgical Display Market By Type (Low-end, Mid-end, and High-end), By Technology (LED-Backlit LCD, CCFL-Backlit LCD, and OLED), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Surgical Displays Market Overview:

The global surgical display market is estimated to reach USD 875.4 million in 2021. This market will grow at a compound annual growth rate of 1.2% between 2023-2032.

Global Surgical Display Market

Type Analysis

In 2021, the market for surgical displays was dominated by the mid-end segment. This segment had more than 44.0% of the total revenue. The market growth can be attributed primarily to the demand for improved imaging technology as well as an increase in hospital integration solutions.

Market growth can also be attributed to the growing variety of image acquisition options and recording solutions.

The market for surgical display is forecast to grow at 1.2% annually in high-end segments. High-end surgical devices offer top-of-the-line features and superior quality for efficiency, patient outcomes, and clinical safety. While the initial cost may seem prohibitive, there are many long-term advantages to high-end surgical displays. These displays have a long shelf life and the latest technology, including 4K 3D.

Technology Analysis

According to technology, the market is divided into OLED, LED-Backlit, and CCFL – Backlit LCD. In 2021, the market’s largest share was held by LED-Backlit LCD. It is expected that the market will grow at a 1.8% annual rate during the forecast period. A monitor with LED-backlit LCD uses UV LEDs to produce white light.

This light is first diffused, then filtered into smaller sections of green-blue, and red light. Some modern LED-backlight LCD monitors utilize zone backlighting because of technological advancements. This allows for increased energy efficiency.

Key Market Segments

Type

• Low-end
• Mid-end
• High-end

Technology

• LED-Backlit LCD
• CCFL-Backlit LCD
• OLED

Market Dynamics

The market is expected to grow due to increasing digitalization and technological advancements. In addition, the market will see a rise in surgeries over the next few years.

Market players experienced negative revenue growth during the COVID-19 epidemic. Barco for instance reported a 1.9% decrease in its healthcare revenues. This was most noticeable in the second quarter of 2020.

Eizo Global on the other side reported that it had maintained a steady supply of its services and products throughout the pandemic. It continued operations at all 7 of its global production sites in July 2020. The company reported stable material purchases despite disruptions to its supply chain. The market size did not decrease for 2021.

The market is expected to grow due to the numerous strategic initiatives of key companies. Quest International, a U.S. manufacturer of Alpha View displays for OR and ER, surgical, endoscopic, and other applications, is an example. There are many sizes available for the medical-grade surgical display, such as 19″, 24″, 26, 32″, and 56″.

Regional Analysis

The Asia Pacific dominated surgical display markets and was responsible for 34.1% of the total revenue in 2021. The rapid development of healthcare infrastructure, adoption of digital technology, and large patient pool are some reasons for the large share. Eizo, Japan provided operating room solutions for Kyoto University Hospital’s glioma resection ward.

The market for surgical display in the Middle East & Africa will experience the fastest growth at 4.9%. This growth can be attributed to the increase in the number and quality of healthcare facilities as well as continuous training for new doctors and medical students, increased availability of networking medical devices, and image management improvements that improve administrative efficiency.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

The surgical display market can be highly competitive and fragmented. Market players are involved in strategic initiatives such as product launches and expansion, global footprint via subsidiaries and partnerships, and product development and launches. Additionally, key players play a role in portfolio diversification as well as mergers and purchases.

Beacon Bigtide Europe B.V., a European subsidiary of Shenzhen Beacon Display Technology Co. Ltd., was established in August 2021. The company created the new entity primarily for the purpose of managing sales and after-sales support of its products. It also aims to increase the penetration of its brand name in Europe.

Key Market Players

These are the major players in the surgical display market:

• Eizo Inc.
• Alcon
• Stryker
• Siemens
• Olympus Corporation
• Steris
• Barco
• Koninklijke Philips N.V.
• Other Key Players

For the Surgical Displays Market research study, the following years have been considered to estimate the market size: