Ultra High Definition (UHD) Surgical Display Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ultra High Definition (UHD) Surgical Display Market Analysis
Ultra-high definition surgical/medical displays market is expected to witness a CAGR of 5.8% over the forecast period.
The COVID-19 pandemic significantly impacted the ultra-high definition surgical/medical displays market due to the global lockdown and travel restrictions imposed by different countries and partial or full closure of surgical procedures due to the high influx of COVID-19 patients. For instance, as per the article published in June 2022 in PubMed, compared to the previous year period, the number of patients in general and visceral surgery decreased by 22.7% in the first pandemic year in Germany. At the procedure level, a decrease of 14.8% was observed for elective procedures and 6.0% for emergency procedures. Hence, COVID-19 had significantly impacted the surgical/medical displays due to delayed or canceled surgery cases. However, with the resumption of surgery cases and decreasing cases of COVID-19, the studied market is expected to recover from the decline of COVID-19 over the forecast period.
Factors such as a rise in demand for minimally invasive procedures and an increase in diagnostics imaging centers are expected to drive market growth. As a result of their increasing usage, these technologies have become common in hybrid operating rooms and diagnostic centers. For instance, according to the research study published in August 2022 in PubMed, 329 isolated heart transplantations, 254 isolated lung transplantations, and one combined heart-lung transplantation were performed in 2021 in Germany. Hence, the high number of heart procedures and surgeries being performed yearly is anticipated to boost the growth of the market studied.
Furthermore, rapidly advanced technologies and an increase in product launches are expected to drive market growth. For instance, in September 2022, Olympus Corporation launched VISERA ELITE III, its newest surgical visualization platform that addresses the needs of healthcare professionals (HCPs) for endoscopic procedures across multiple medical disciplines. VISERA ELITE III offers various imaging functions, all supported in one system enabling minimally invasive therapies such as Laparoscopic Colectomy and Laparoscopic Cholecystectomy.
Hence, due to the rise in minimally invasive procedures and product launches, the studied market is expected to witness significant growth. However, the increasing adoption of refurbished medical displays is expected to restrain market growth.
Ultra High Definition (UHD) Surgical Display Market Trends
Diagnostic Imaging Centers Segment is Expected to Register a Significant Growth in the Forecast Period
Diagnostic imaging centers are expected to witness significant market growth owing to the factors such as an increase in chronic diseases, and the rise in diagnostics centers, especially in developed regions across the world. For instance, according to the American Cancer Society 2023 Cancer report, around 1,958,310 people in the United States are estimated to be diagnosed with new cancer cases. This estimation includes 1,010,310 number of males and 948,000 cases of females. The high burden of cancer is augmenting the demand for diagnostic imaging and thereby boosting the market growth over the forecast period.
Furthermore, an Increase in the number of diagnostic imaging centers and developments in radiology is expected to drive the market growth over the forecast period. For instance, in December 2022, the Minister of State for Road Transport & Highways and Civil Aviation, Government of India, launched Mission Radiology India (MRI) with a customized 'My Stamp' of Mission Radiology India. MRI is a social initiative by Sundeep Sharma Foundation. The Mission Radiology India project aimed to provide state-of-the-art diagnostic imaging services at highly subsidized prices. Similarly, in November 2022, Royal Philips launched its portfolio of smart diagnostic systems and transformative workflow solutions featured at the Radiological Society of North America (RSNA) annual meeting. Powered by AI, the company showcased its latest systems and informatics solutions designed for providers to efficiently deliver patient-centric, high-quality imaging services.
Hence, due to the rise in diagnostic imaging services and the increase in chronic diseases that require surgical imaging, the studied segment is expected to witness significant growth over the forecast period.
North America Anticipated to Hold a Significant Market Share Over the Forecast Period
North America is expected to hold a significant market share in the studied market over the forecast period owing to the factors such as an increase in demand for minimally invasive surgeries, a rise in chronic diseases that require surgical imaging, and the surge in product launches. For instance, as per the 2022 update from the National brain tumor Society, an estimated 700,000 people in the United States are living with a primary brain tumor, and approximately 88,970 more were likely to be diagnosed in 2022. Glioblastoma is the most commonly occurring primary malignant brain tumor, accounting for 14.3% of all tumors and 49.1% of all malignant tumors in 2022. Hence the high prevalence of neurological disease contributes to increasing the demand for neurology-related surgical imaging and is anticipated to drive market growth.
Moreover, the demand for UHD displays is also high due to the high number of ambulatory and diagnostic centers in the region. Furthermore, the government and private agencies support for the development of medical imaging across the region. For instance, in November 2022, FedDev Ontario invests up to USD 2 million in SQI Diagnostics Inc., (SQI), a life sciences and diagnostics company that is working to discover and develop rapid diagnostic testing for North American clinical and patient markets. Diagnostic testing is an important tool in healthcare. It can improve how well treatments work and avoid long-term complications. Similarly, in June 2022, a collaboration between the Harley Street Healthcare Group Canada (HSHG) and Canon Medical Systems Canada aimed to equip five new integrated community diagnostic centers across Ontario, Canada, with cutting-edge technology. These "Centres of Excellence" expanded the number of patients who may receive diagnostic services, work with Ontario's public healthcare systems to relieve pressure on acute hospital sites, and give more patients access to cutting-edge medical technology.
Furthermore, the presence of key players and their product launches across the country is likely to drive market growth. For instance, in July 2022, Olympus launched a new monitor option, the OEV321UH video display monitor, a 32-inch Ultra High Definition 4K monitor that expands upon Olympus 4K monitor offerings. Backward- and forward-compatible with most Olympus processors, the new monitor provides a breadth of customizable uses at an attractive price point.
Therefore, due to the rise in chronic diseases, increase in product launches, and government initiatives to bolster surgical imaging, North America is expected to hold a significant market share over the forecast period.
Ultra High Definition (UHD) Surgical Display Industry Overview
The ultra-high definition UHD surgical display market is fragmented in nature. The majority of the UHD surgical displays are being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their position in the market. Some of the major key players dominating the market are Advantech, Sony Corporation, Siemens Healthineers, LG Electronics and Barco among others.
Ultra High Definition (UHD) Surgical Display Market Leaders
Barco
Eizo
Siemens Healthineers
LG Electronics
Sony Corporation
*Disclaimer: Major Players sorted in no particular order
Ultra High Definition (UHD) Surgical Display Market News
- In November 2022, LG Electronics (LG) launched its first 27-inch, 4K surgical monitor with Mini LED technology (model 27HQ710S) at MEDICA 2022, the international tradeshow for the medical sector took place in Düsseldorf, Germany. LG 4K Mini LED surgical monitor provide better picture quality with clear and precise images. The product's 27-inch, 4K resolution (3,840 x 2,160) screen leverages thousands of tiny LED diodes to provide a peak brightness of 2,000cd/m² and a 1,000:1 contrast ratio.
- In July 2022, Canvys Visual Technology Solutions launched a medically approved 32-inch 4K Ultra HD monitor with a very bright LCD panel (850 nits) packed with high-performance controllers. These displays are housed in lightweight plastic, weighing less than 30 pounds, and have a flat front glass screen that can be easily cleaned/disinfected, making them ideal for the healthcare industry.
Ultra High Definition Surgical Display Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Prevalence of Chronic Diseases That Require Diagnostic Imaging
4.2.2 Rising Number of Diagnostic Imaging Centers
4.3 Market Restraints
4.3.1 Increasing Adoption of Refurbished Medical Displays
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Type
5.1.1 LED UHD Display
5.1.2 LCD UHD Display
5.2 By End-User
5.2.1 Hospitals
5.2.2 Diagnostic Imaging Centers
5.2.3 Ambulatory Surgical Centres
5.2.4 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Advantech
6.1.2 Barco
6.1.3 Eizo
6.1.4 FSN Medical Technologies
6.1.5 LG Electronics
6.1.6 Novanta
6.1.7 Winmate Inc
6.1.8 Siemens Healthineers
6.1.9 Sony Corporation
6.1.10 Steris
6.1.11 Olympus Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ultra High Definition (UHD) Surgical Display Industry Segmentation
As per the scope of the report, UHD (Ultra High Definition) surgical/medical displays are display monitors that feature a resolution of HD, a wide range of color technology, and a high-brightness backlight. As a result, these monitors offer a high level of detail, sharpness, and clarity. The Ultra High Definition Surgical Display Market is Segmented by Type (LED UHD Display, LCD UHD Display), End-User (Hospitals, Diagnostic Imaging Centres, Ambulatory Surgical Centres, Others), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Type | |
| LED UHD Display | |
| LCD UHD Display |
| By End-User | |
| Hospitals | |
| Diagnostic Imaging Centers | |
| Ambulatory Surgical Centres | |
| Others |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Ultra High Definition Surgical Display Market Research FAQs
What is the current Ultra High Definition (UHD) Surgical Display Market size?
The Ultra High Definition (UHD) Surgical Display Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Ultra High Definition (UHD) Surgical Display Market?
Barco, Eizo, Siemens Healthineers, LG Electronics and Sony Corporation are the major companies operating in the Ultra High Definition (UHD) Surgical Display Market.
Which is the fastest growing region in Ultra High Definition (UHD) Surgical Display Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ultra High Definition (UHD) Surgical Display Market?
In 2024, the North America accounts for the largest market share in Ultra High Definition (UHD) Surgical Display Market.
What years does this Ultra High Definition (UHD) Surgical Display Market cover?
The report covers the Ultra High Definition (UHD) Surgical Display Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ultra High Definition (UHD) Surgical Display Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ultra High Definition (UHD) Surgical Display Industry Report
Statistics for the 2024 Ultra High Definition (UHD) Surgical Display market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ultra High Definition (UHD) Surgical Display analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
