The medical display market in Europe is expected to grow at a CAGR of 5.4% from 2024 to 2029. As a result, the market size is anticipated to be worth USD 982.64 million by 2029 from USD 755.42 million in 2024.
The growing usage of hybrid operating rooms is one of the significant factors driving Europe's medical display market growth. The hybrid operating room provides an advanced process for the procedure by combining the traditional operating room with an image-guided interventional suite which helps in dealing with complex and advanced surgical procedures. The images provided during the procedure should be clear and bright to avoid errors. The growing popularity and increasing adoption of minimal invasion surgeries are further fuelling the growth rate of the medical display market in Europe. Due to fear and increasing anxiety surrounding surgical procedures, many people prefer minimal invasive surgeries, requiring a clear image view for further treatment.
In addition, the rising adoption of technological advancements in the manufacturing of medical displays is estimated to promote the growth of the European medical display market. Using advanced technologies such as AI and data analytics improves the work of medical display.
Furthermore, owing to the increasing number of people suffering from chronic diseases in the European region, most patients are undergoing diagnostic imaging processes to detect the issues in the body, which is expected to result in the growth of the European medical display market. Precise diagnostic imaging helps provide the right treatment plan resulting in favorable outcomes in treatment. In addition, several hospitals have an increasing adoption rate of advanced infrastructure, which is estimated to favor the European market growth. Furthermore, the increasing number of clinical trials in Europe supports the market’s growth rate. Clinical trials play a significant role in developing quality treatments or procedures for several diseases. Researchers are taking the help of medical display, which gives the data related to the trial and helps develop other drugs or procedures in several clinical trials. The data collected from the medical displays also helped further study the research leading to regional market growth.
Conversely, the high cost of medical display devices is hindering European market growth. In addition, the lack of investments to equip hospitals with advanced medical devices, including medical displays in some European countries, hamper the market growth. Furthermore, limited budgets for clinics and hospitals are expected to impact market growth negatively.
This research report on the Europe medical display market has been segmented and sub-segmented into the following categories.
By Technology:
By Panel Size:
By Resolution:
By Display Colour:
By Application:
By Device:
By Country:
During the forecast period, the European medical display market is anticipated to hold a promising share of the worldwide market. The rising number of diagnostic centers for imaging and demand for medical displays in several hospitals majorly drive the European market growth.
Germany is anticipated to witness a noteworthy CAGR during the forecast period. The growing R&D activities around manufacturing various kinds of monitors used in the operating rooms and increasing investments by the key market participants in Germany are propelling the market growth in Germany. In 2022, LG 4K Mini LED surgical monitor was launched. This device offers superior picture quality with a zooming capacity, which assists in adequately treating patients. It also provides high-quality color images which give a clear view of the problem in the patient's body to the healthcare provider. In addition, the availability of skilled professionals who can handle the operations of medical displays in Germany supports the market growth in Germany.
The UK had a considerable share of the European market in 2021. During the forecast period, the UK is estimated to showcase healthy progress owing to the growing manufacturing activities of medical displays in the UK. The UK manufacturers have increased their focus on producing cost-effective medical displays for hospitals, clinics, and diagnostics centers at an affordable prices. In addition, the growing awareness regarding healthcare among people supports the medical display market in the UK. Owing to the growing patient population suffering from chronic diseases and infections, people prefer to have pre-check-up of their bodies which requires medical display for accurate examination of the issue. Such factors are predicted to accelerate market growth in the UK in the coming years.
KEY MARKET PLAYERS:
Companies playing a leading role in the European medical display are Philips Healthcare, Beijing Leadman Biochemistry Ltd., Shanghai United Imaging Healthcare Co Ltd., Hitachi Medical Corporation, Barco, Hologic, Inc., Esaote SpA, EZISURG MEDICAL, Toshiba Medical Systems Corporation, and Carestream Health.
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