; Surgical Display Market Size, Industry Share, Analysis, Forecast, 2032

Surgical Display Market

Surgical Display Market: By Type (Low-End, Mid-End, High-End), By Application (Hospitals, Clinics), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032

Published on: Feb-2023
Report Code: FG HC 01356
No. of Pages: 170 - 350
Report Format: PDF

[170+ Pages Research Report] Surgical Display Market to surpass USD 735.0 million by 2032 from USD 662.62 million in 2021 at a CAGR of 0.9% throughout the forecast period 2022-32

Product Overview

Surgical displays are used to show a clear image of the surgical field while instantly visualizing the complex human anatomy. During a procedure, a surgical display gives the surgical team important patient data, such as X-rays and vital signs. Doctors and surgeons can diagnose patients and choose the most effective course of treatment with the help of this information. Surgical monitors are frequently used by doctors during endoscope-guided surgeries. Surgical displays allow the doctor to see the patient's anatomy while doing gastrointestinal (GI), arthroscopic, laparoscopic, or robotic-guided surgery. For surgical displays to be recognized as medical displays, the necessary certificates are much essential.

Market Highlights

The Surgical Display Market is expected to project a notable CAGR of 0.9% in 2032.

Surgical Display Market to surpass USD 735.0 million by 2032 from USD 662.62 million in 2021 at a CAGR of 0.9% in the coming years, i.e., 2022-32. The market is primarily being driven by the growth in surgical operations and the level of digitization in the healthcare industry. Moreover, industry participants' technical improvements are also projected to favorably impact the development of the Surgical Display Market.

Figure - Market Analysis of Surgical Display Market


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Surgical Display Market: Segments

The High-End segment is expected to grow with a higher CAGR during 2022-32

Surgical Display Market is categorized on the basis of Type into Low-End, Mid-End, and High-End. In 2020, the Surgical Display Market was dominated by the mid-range segment, which also held a larger revenue share. The market's growth is attributed to the rising operational and clinical efficiency demands in hospital settings, as well as an increase in the adoption of integrated solutions.

Over the projected period, the high-end sector in the surgical display market is anticipated to expand more quickly. For higher effectiveness, clinical safety, and better patient outcomes, high-end surgical displays provide best-in-class features and quality.

The Hospitals segment is expected to grow with a higher CAGR during 2022-32

Surgical Display Market is categorized on the basis of application into Hospitals, Clinics, and Others. The Hospitals segment is projected to lead the Surgical Display Market over the forecast period. The surgical displays are used in the operating rooms in hospitals, medical offices, and emergency rooms.  They are more prominently used in image-guided surgeries like endoscopy (arthroscopic, gastrointestinal, robotic-guided surgery, or laparoscopic) and interventional radiology which are widely performed in hospitals.

Figure - Market Analysis of Global Surgical Display


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Market Dynamics

Growth Drivers

The Progress of Digitalization in the Healthcare Industry and Features of Surgical Displays

The rising digitalization in the healthcare sector combined with technological improvements, is expected to accelerate market growth. Also, it is estimated that an increase in surgeries will spur market growth during the forecast period. HD resolution, a wide range of color technology, and a high-brightness backlight are all features of the surgical displays. With the use of these qualities, surgeons, doctors, and researchers can do less invasive treatments while getting a better glimpse of the body’s anatomy.

Growing Use of Surgical Displays and More Prominent Use in Hybrid Operating Rooms

People all over the world are preferring less intrusive procedures that are also affordable. Consequently, the Surgical Display Market, particularly the UHD Displays, is also anticipated to grow along with the rising demand for minimally invasive treatments. These technologies are now widespread in hybrid operating rooms and diagnostic facilities as a result of their rising use. The market growth is anticipated to be supported by these display monitors' expanding usage and applications.

Restraint

High Costs Associated with Surgical Display Equipment

The main problem limiting market growth, particularly in nations where the reimbursement environment is unfavorable, is the high cost of surgical displays and the costly installation. Due to the high installation and maintenance costs of modern medical equipment and the limited financial resources available, the majority of healthcare facilities in poor nations, including hospitals and diagnostic centers, are unable to invest in new technologically advanced systems. These elements may limit the growth of the Surgical Display Market in the near future.

Recent Developments
  • Shenzhen Beacon Display Technology Co., Ltd. established Beacon Bigtide Europe B.V. as its European subsidiary in August 2021. The main reason for the formation of the new organization was to better manage the company's product sales trade and after-sales support as well as increase brand penetration in the European market.
  • The ASM (ADLINK Surgical Monitor) line of surgical monitors, designed for use in operating rooms, intensive care units, and emergency and examination rooms, was introduced by ADLINK Technology, Inc. in January 2021. The ASM series can be tailored to meet the requirements of medical device OEMs and is offered in sizes ranging from 23.8 inches to 32 inches.

Surgical Display Market: Key Players
  • Siemens

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

  • Sony
  • LG
  • Stryker
  • Steris
  • Barco
  • Advantech
  • Eizo Inc.
  • Jusha
  • NDS Surgical Imaging
  • Akino Medical
  • AKX
  • Hiliex
  • Shenzhen Beacon
  • Hikimaging
  • Other Prominent Players

Surgical Display Market: Regions

Surgical Display Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In terms of revenue share, Asia Pacific dominated the Surgical Displays Market in 2020. A significant portion is attributable to the fast-evolving healthcare infrastructure, the widespread use of digital technology, and a sizable patient base.

Over the forecast period, the Surgical Display Market is anticipated to grow at the fastest rate in the Middle East and Africa. The increase in healthcare facilities, the requirement for ongoing training for medical students and new doctors, the proliferation of medical devices with networking capabilities, and advances in administrative effectiveness through image management are all contributing factors to this growth.


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Impact of Covid-19 on Surgical Display Market

Market participants witnessed a decline in their revenue growth during the COVID-19 epidemic. For instance, Barco reported that its healthcare revenue fell by 1.9%. Majority of this occurred in the second half of 2020. Throughout the epidemic, Eizo Global reported a consistent supply of its goods and services. As of July 2020, it continued to run its activities at all seven of its production facilities worldwide. Regardless of the delays in the supply chain delays, the company well-maintained strong procurement of material. All of this had no impact on the market size in 2020.

Surgical Display Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Surgical Display Market report also contains analysis on:

Surgical Display Market Segments:

  • By Type 
    • Low-End
    • Mid-End
    • High-End
  • By Application
    • Hospitals
    • Clinics
    • Others 
  • Surgical Display Market Dynamics
  • Surgical Display Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Surgical Display Market Report Scope and Segmentation

REPORT ATTRIBUTE

DETAILS

Market Size Value in 2021

USD 662.62 million

Revenue Forecast in 2032

USD 735.0 million

Growth Rate

CAGR of 0.9% from 2022 to 2032

Base Year for Estimation

2021

Quantitative Units

Revenue in USD million and CAGR from 2022 to 2032

Report Coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments Covered

Type, Application, and Region

Regional Scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Key Companies Profiled

Siemens, Sony, LG, Stryker, Alcon, Steris, Barco, Advantech, Eizo Inc., Jusha, NDS Surgical Imaging, Akino Medical, AKX, Hiliex, Shenzhen Beacon, Hikimaging, and Other Prominent Players.

Frequently Asked Questions (FAQ):

The Surgical Display Market size was estimated at USD 662.62 million in 2021 and is expected to reach USD 735.0 million in 2032.

Surgical displays are used to show a clear image of the surgical field while instantly visualizing the complex human anatomy. During a procedure, a surgical display gives the surgical team important patient data, such as X-rays and vital signs.

The High-End and Hospitals segments accounted for the larger share of the Surgical Display Market.

Key players in the Surgical Display Market are Siemens, Sony, LG, Stryker, Alcon, Steris, Barco, Advantech, Eizo Inc., Jusha, NDS Surgical Imaging, Akino Medical, AKX, Hiliex, Shenzhen Beacon, Hikimaging, and Other Prominent Players.

The market is primarily being driven by the growth in surgical operations and the level of digitization in the healthcare industry.

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