Global Light Emitting Diode (LED) Surgical Display Market, By Technology (LED-Backlit LCD, CCFL-Backlit LCD, OLED), Application (Digital Signage, Backlighting), Display Screen (19 Inches, 21 Inches, 24 Inches, 26 Inches, 32 Inches, 42 Inches, 55 Inches), Resolution (Up to 2mp Resolution Displays, 2.1-4mp Resolution Displays, 4.1–8mp Resolution Displays, Above 8mp Resolution Displays), Color Display (Full Color LED Displays, Monochrome LED Displays, Tri-color LED Displays), End-User (Hospitals, Clinics, Research Institutions) – Industry Trends and Forecast to 2029.
Light Emitting Diode (LED) Surgical Display Market Analysis and Size
The size of the light emitting diode (LED) surgical display market is anticipated to increase during forecast period 2022 to 2029. It is projected that rising digitalization in the healthcare sector as a whole, combined with technology improvements, will accelerate market growth. Additionally, it is estimated that an increase in surgeries will spur market expansion during the forecast period.
Data Bridge Market Research analyses that the light emitting diode (LED) surgical display market which was USD 875.4 million in 2021, would rocket up to USD 1526.74 million by 2029, and is expected to undergo a CAGR of 7.20% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Light Emitting Diode (LED) Surgical Display Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (LED-Backlit LCD, CCFL-Backlit LCD, OLED), Application (Digital Signage, Backlighting), Display Screen (19 Inches, 21 Inches, 24 Inches, 26 Inches, 32 Inches, 42 Inches, 55 Inches), Resolution (Up to 2mp Resolution Displays, 2.1-4mp Resolution Displays, 4.1–8mp Resolution Displays, Above 8mp Resolution Displays), Color Display (Full Color LED Displays, Monochrome LED Displays, Tri-color LED Displays), End-User (Hospitals, Clinics, Research Institutions)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Barco (Belgium), Advantech Co. Ltd. (Taiwan), Quest International (U.K.), EIZO Corporation (Japan), CONMED (U.S.), FSN Medical Technologies (U.S.), Sony Corporation (Japan), LG Display Co. Ltd. (South Korea), Novanta Inc. (U.S.), Steris (U.S.), Synergy Medical Inc. (U.S.), Double Black Imaging (U.S.), Richardson Electronics, Ltd. (U.S.), Dell Inc. (U.S.)
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Market Opportunities
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Market Definition
An operating room monitor made for use in the medical field is called the light emitting diode (LED) surgical display. Surgical displays are often monitors in image-guided surgery, such as endoscopy or interventional radiology. Important patient data such as PACS images and vital signs can also be displayed on surgical screens during surgery.
Light Emitting Diode (LED) Surgical Display Market Dynamics
Drivers
- Rise of integrated operating rooms
One of the key factors boosting the market for light emitting diode (LED) surgical displays is the rise of integrated operating rooms. The market for light emitting diode (LED) surgical displays is expected to develop between 2022 and 2029 as a result of a number of additional factors, including the increased popularity of minimally invasive procedures, the increasing acceptance of hybrid operating rooms, and the expansion of telemedicine.
- Expansion of hospitals
On the other hand, the expansion of hospitals and specialist clinics will create more chances for the market for LED surgical displays to develop throughout the forecast period.
Opportunities
The growth of the light emitting diode (LED) surgical display market is fuelled by an increase in the number of research and development activities. This will provide beneficial opportunities for growth in the light emitting diode (LED) surgical display market.
Moreover, increasing the number of emerging markets and new product launches will further provide beneficial opportunities for the growth of light emitting diode (LED) surgical display during the forecast period.
Restraints/Challenges
- High cost
On the other hand, the high cost of the light emitting diode (LED) surgical display along with increasing pricing pressure from various players in china will obstruct the market's growth rate.
This light emitting diode (LED) surgical display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the LED surgical display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Light Emitting Diode (LED) Surgical Display Market
Market participants saw 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. On the other hand, Eizo Global reported a consistent supply of its goods and services throughout the epidemic. As of July 2020, it continued to run its activities at all seven of its production facilities worldwide. Despite the supply chain delays, the company maintained robust material procurement. And all these had no impact on the market size in 2020.
Recent Development
- In August 2021, Shenzhen Beacon Display Technology Co., Ltd. established Beacon Bigtide Europe B.V. as its European subsidiary. The main reason for the formation of the new organisation was to better manage the company's product sales trade and after-sales support as well as increase brand penetration in the European market.
Global Light Emitting Diode (LED) Surgical Display Market Scope
The light emitting diode (LED) surgical display market is segmented on the basis of technology, application, display screen, resolution, color display and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- LED-Backlit LCD
- CCFL-Backlit LCD
- OLED
Application
- Digital Signage
- Backlighting
Display Screen
- 19 Inches
- 21 Inches
- 24 Inches
- 26 Inches
- 32 Inches
- 42 Inches
- 55 Inches
Resolution
- Up to 2mp Resolution Displays
- 2.1-4mp Resolution Displays
- 4.1–8mp Resolution Displays
- Above 8mp Resolution Displays
Color Display
- Full Color LED Displays
- Monochrome LED Displays
- Tri-color LED Displays
End-User
- Hospitals
- Clinics
- Research Institutions
Light Emitting Diode (LED) Surgical Display Market Regional Analysis/Insights
The light emitting diode (LED) surgical display market is analysed and market size insights and trends are provided by country, technology, application, display screen, resolution, color display and end-user as referenced above.
The countries covered in the LED surgical display market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the light emitting diode (LED) surgical display market owing to the high adoption of advanced technologies such as hybrid operating rooms and OLED and rising healthcare expenditure in the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the rise in the number of healthcare facilities, the need for continuous training for medical students and new doctors, the number of medical devices with networking functions, and improvements in administrative efficiency via image management.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The light emitting diode (LED) surgical display market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for light emitting diode (LED) surgical display market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the light emitting diode (LED) surgical display market. The data is available for historic period 2010-2020.
Competitive Landscape and Light Emitting Diode (LED) Surgical Display Market Share Analysis
The light emitting diode (LED) surgical display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to light emitting diode (LED) surgical display market.
Some of the major players operating in the light emitting diode (LED) surgical display market are:
- Barco (Belgium)
- Advantech Co. Ltd. (Taiwan)
- Quest International (U.K.)
- EIZO Corporation (Japan)
- CONMED (U.S.)
- FSN Medical Technologies (U.S.)
- Sony Corporation (Japan)
- LG Display Co. Ltd. (South Korea)
- Novanta Inc. (U.S.)
- Steris (U.S.)
- Synergy Medical Inc. (U.S.)
- Double Black Imaging (U.S.)
- Richardson Electronics, Ltd. (U.S.)
- Dell Inc. (U.S.)
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