Medical Display Market Size

Medical Display Market Size

Medical Display Market size was valued at USD 2.2 billion in 2022 and is estimated to account for USD 3.6 billion by 2032. A medical display is a specialized monitor for viewing diagnostic images in healthcare settings, meeting strict quality and calibration standards.

For instance, according to NIH data, the U.S. will see a 61.1% increase in the 50 and above aged population, reaching 221.13 million by 2050. Within this group, the number of people with at least one chronic disease is projected to rise by 99.5% reaching 142.66 million by 2050. Therefore, with the rising prevalence of various medical conditions and an aging population base, there will be a growing demand for medical display to aid in the diagnosis, treatment, and monitoring of patients. Thus, this increased demand will act as a fundamental driver for the market progress.

Furthermore, the pandemic has accelerated the adoption of telemedicine which is estimated to reach USD 71.5 billion by 2032, and remote consultations. Thus, medical display plays a crucial role in these remote healthcare scenarios, enabling healthcare professionals to assess patients' conditions from a distance for accurate diagnosis and treatment. As per statistics, India is projected to witness a 31% expansion in the telemedicine market from 2020 to 2025. Therefore, this trend is likely to continue, creating a sustained demand for medical imaging solutions such as medical display.