Increasing Population Leading to Medical Display Monitor Market Growth
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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.
This is why among all the resolution ranges these appliances come in — up to 2 MP, 3 MP–4 MP, 5 MP–8 MP, and above 8 MP — the demand for 5–8 MP monitors is expected to increase the fastest in the coming years. Similarly, of the monochrome and color variants, color variants are more commonly seen in healthcare settings, as they offer better visualization. The better the picture, the more confident the doctor can be in making a diagnosis, and in turn, more effective would be the treatment prescribed.
Apart from diagnosis, display monitors are also used in surgery and clinical applications. Among these, diagnosis has been the largest application area of these screens, without which X-ray, ultrasound, positron emission tomography (PET), computed tomography (CT), and magnetic resonance imaging (MRI) systems are unimaginable today. Apart from radiological machines, even a large number of systems which analyze the blood and urine for abnormal substances are integrated with display monitors, for quick medical intervention.
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.
Therefore, with the increasing demand for such systems, companies providing them have upped their product development activities. For instance, CuratOR LX550W, a 55-inch 4K ultra-high-definition (UHD) monitor, was launched by EIZO GmbH in October 2017, for interventional endoscopy and radiology. In June 2016, the company had acquired Panasonic Healthcare Co. Ltd.’s endoscope monitor business, to offer 4K and 3D endoscopy monitors for ORs. Similarly, LG Display Co. Ltd. introduced a transparent and flexible organic light-emitting diode (OLED) monitor, in a 77-inch size, in June 2017.
The increasing usage of display monitors in ORs is also credited to the rising preference for MISs, which is also why North America has been the largest medical display monitor market till now. According to the American Society of Plastic Surgeons, 17.7 million MISs were performed in the U.S. in 2018, which was an increase of 2% from previous year. In the coming years, the highest rise in the procurement of medical display monitors is predicted in Latin America (LATAM), as a result of the advancing healthcare infrastructure in the region.
Hence, as the number of medical centers and patients increase, so will the sale of display monitors.