The medical display market has surged in multiple regions as demand has increased

According to foreign media reports, from 2012 to 2017, the global market for medical displays will grow by nearly 30%. This is driven by certain positive factors such as improved economic conditions, delayed demand release, and rising sales in Latin America, Europe, the Middle East and Asia.

According to a report by HIS Corporation on "2013 World Medical Display", it is predicted that medical display revenue will reach $3.2 billion in 2017 and 29% from $2.5 billion in 2012.

The chart below shows the global healthcare display market revenue outlook. The prediction includes displays for radiology, surgery, and patient monitors. In the case of patient monitoring, the income data does not include compatible devices for central stations, magnetic resonance imaging (MRI), and mid- to high-end multi-parameter displays.

Global forecast of medical display market revenue

â–² Global forecast of medical display market revenue

In the next few years, most of the market's revenue will come from patient monitor displays because they control the highest average selling price of all products on the market. However, the fastest growing medical display market will be the radiology and surgical divisions. From 2012 to 2017, revenues from these products will grow at a compound annual growth rate (CAGR) of 7%, a 5% increase from the overall medical display space.

Sean Walker, senior manager of IHS Consumer and Digital Health Research, said: "The medical display market is gaining the benefits of multiple sources of demand. After years of delayed purchases, US hospitals are witnessing a reduction in their budget constraints, resulting in the inclusion of displays. Demand for equipment purchases has risen. However, the rise in demand is actually very broad, and markets in many developed and emerging regions around the world are expanding.

Health monitor

Despite the increased budget review and the search for ways to reduce their use of unnecessary displays, US healthcare providers are upgrading those parts that are still under warranty.

At the same time, Latin American healthcare facilities are moving into long-term digital technology. This will certainly stimulate the display demand in the region to continue to grow in the next few years.

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