Proliferation of several chronic cases among a huge population is one of the key factors uplifting the growth of global revenue. The prevalence of chronic diseases like stroke, asthma, cancer, heart diseases, and many other are multiplying in volume across the global. For example, in in September 2022, World Health Organization reported that nearly 41 million people cause death due to noncommunicable diseases which is corresponding to almost 74% of all deaths globally. As cases of diseases are growing among huge population globally, the need for diagnostic and importance of treatment is also increasing gradually. Consequently, this factor is spurring the market’s growth globally. In addition to this, government initiative towards the diagnostic services is another prime factor set to surge the market’s growth. For example, in August 2022, the Government of India's Ministry of Health and Family Welfare backed the National Health Mission's "Free Diagnostics Service Initiative" scheme. Such various programs and initiatives taken by government of various countries have led the need for monochrome monitors in the medical. This is dramatically furling the market’s growth across the global. Various other factors like rising healthcare expenditure throughout many countries, growing awareness regarding treatment of the diseases, and other are increasingly broadening the market size globally.
However, constantly emerging new technologies like OLED displays and color monitors are declining the sales of monochrome monitors. As many companies are investing in latest technologies which is acting as one of the restraining factors for the global market’s growth. In spite of this, rising advancements in the market such as advanced contrast ration and high resolution are bringing loads of opportunities in the global market in the upcoming years.
New product launches to flourish in the market
In January 2021, JVC launched MS-S200, a 21.3-inch medical imaging monitor with high luminance & high contrast 2MP monochrome. With an 1800:1 contrast ratio, MS-S200 is the greatest option for diagnostic imaging using DR, CT, and MRI, and other technologies. The MS-S200 can render 6 mega sub-pixel images, exceeding the requirements for initial diagnosis thanks to Independent Sub-pixel Drive technology. In addition, in November 2020, Advantech, a top supplier of medical computing systems and solutions, introduced the PAX-355, a 55-inch widescreen surgical display with medical-grade specifications that ensures operating precision. Such ongoing technological advancements by various market players are contributing to the market by doing various strategies like product development, partnerships, merger, and acquisitions.
The monochrome medical monitors market is categorized on the basis of type, application, and region. By type, the market is bifurcated into 1MP, 2MP, 3MP, 5MP, and others. By application, it is divided into hospital, domestic, rehabilitation center, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By type: The monochrome medical monitors market is categorized into 1MP, 2MP, 3MP, 5MP, and others. 1MP, 2MP, and other MP are widely used for imaging in medical. These monitors are typically used for viewing CT scan, X-ray, and other.
By application: The monochrome medical monitors market is divided into hospital, domestic, rehabilitation center, and others. Across various applications such as hospitals, rehabilitation center, and other center, monochrome monitors are typically used. To treat or diagnose the patients suffering from various diseases, monochrome medical monitors play a very import role.
By region: North America is projected to account largest share of the global revenue in the fiscal year of 2021. Several factors such as increasing technological advancements, growing chronic cases among a huge population of North America, and many other factors are attributed to the growth of market in this region. Surging healthcare expenditure in the region and growing R&D in latest technologies is one of the prime factors set to spur the growth of the market. For instance, U.S. health care spending increased 2.7% in 2021 and reached U.S.$ 4.3 trillion. Growing healthcare spending in the region is apparently augmenting the awareness of diagnosis of diseases. This is further improving the demand for monochrome monitors and hence proliferating the market’s growth in North America.
Competitive analysis and profiles of the major players in the monochrome medical monitors, Ampronix, Barco, BMV Technology, Double Black Imaging, Eizo Co., Kostec, Nanjing Jusha Display Technology Co. Ltd., NDS Surgical Imaging, and Richardson International are provided in this report.
Monochrome Medical Monitors Market Report Highlights
Key Market Players
nanjing jusha display technology co., ltd, Richardson International, NDS Surgical Imaging, eizo corporation, Kostec, Double Black Imaging, ampronix, Barco, BMV Technology