Rising Prevalence of Chronic Diseases Boosting Medical Display Monitor Sector
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The growth of the global medical display monitor market is mainly driven by the rising incidents of chronic diseases, increasing usage of hybrid operating room (OR) technologies, surging demand for minimally invasive treatments, and availability of advanced monitors. In 2017, the market attained a size of $2.1 billion, and it is predicted to witness a CAGR of 4.9% during the forecast period (2018–2023). These monitors are used to display the patient’s anatomy for correct diagnosis and treatment. Surgeons, radiologists, and physicians heavily depend on these monitors for providing quality healthcare. Based on technology, the medical display monitor market is categorized into light emitting diode (LED)-backlit liquid crystal display (LCD), cold cathode fluorescent lamp (CCFL)-backlit LCD, and organic light-emitting diode (OLED). Out of these, in 2017, the LED-backlit LCD category dominated the market with a revenue contribution of 75.7%. Monitors integrated with this technology offer mor...