Surgical Display Market Size, Share & Trends Analysis Report By Type (Low-end, Mid-end, High-end), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2021 - 2028

Report Overview

The global surgical display market size was valued at USD 655.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 0.9% from 2021 to 2028. Growing digitalization in the overall healthcare industry coupled with technological advancements is anticipated to boost market growth. Furthermore, a rising number of surgeries is also anticipated to fuel market growth during the projected period.

During the COVID-19 pandemic, market players experienced negative growth in their revenues. For instance, Barco reported a 1.9% decline in its healthcare revenue. This was majorly in the second half of 2020. On the other hand, Eizo Global reported a stable supply of its products and services throughout the pandemic. It also maintained its operations at all of its 7 production sites globally, as of July 2020. The company also reported stable material procurement despite the supply chain disruptions. All this resulted in no decline in the market size of 2020.

Numerous key companies undertaking various strategic initiatives, advanced healthcare facilities, and demand for high-quality care through the latest technologies, are expected to boost the market growth. For instance, Quest International, is a U.S.-based manufacturer of AlphaView lineup of displays for OR, ER, surgical, and endoscopic applications. The company’s medical-grade surgical displays are available in multiple size variants such as 19”, 24”, 26″, 32”, and 55”.

Type Insights

The mid-end segment dominated the market for surgical display and accounted for the largest revenue share of more than 44.0% in 2020. The market growth is attributed to a rise in demand for better imaging technology and an increase in the implementation of integrated solutions for operational and clinical efficiency in hospital settings. The growing number of choices of image acquisition and recording solutions is another key contributor to market growth.

The high-end segment is expected to grow at the fastest rate of 1.2% in the market for surgical display over the forecast period. High-end surgical displays offer best-in-class features and quality for efficiency, clinical safety, and improved patient outcomes. Although the price may be a restraining factor, the long-term benefits of high-end displays are vast owing to the long shelf life and latest technologies, such as 4K 3D.

Regional Insights

Asia Pacific dominated the surgical display market and accounted for the largest revenue share of 34.1% in 2020. The large share is due to rapidly improving healthcare infrastructure, the adoption of digital technologies, and a large patient pool. Kyoto University Hospital, for instance, implemented operating room solutions offered by Eizo, Japan at its OR for awake surgery in glioma resection.

In the Middle East and Africa, the market is expected to witness the fastest CAGR of 4.9% in the market for surgical display over the forecast period. This growth is 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.

Key Companies & Market Share Insights

The market for surgical display is highly competitive and fragmented. Market players implement strategic initiatives, such as product development and launches, expansion of distribution network, and global footprint through subsidiaries and partnerships. In addition, key players are also involved in portfolio diversification and mergers and acquisitions. 

For instance, in August 2021, Shenzhen Beacon Display Technology Co., Ltd. established its European subsidiary under the name Beacon Bigtide Europe B.V. The new entity was formed primarily to manage sales trade and after-sales service of the company’s products as well as enhance penetration of its brand in the European market. Some of the prominent players in the surgical display market include:

• Eizo Inc.

• Stryker

• Alcon

• Siemens

• Steris

• Olympus Corporation

• Koninklijke Philips N.V.

• Barco

• Ambu A/S

• NDS Surgical Imaging

Surgical Display Market Report Scope 

Segments Covered in the Report 

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this report, Grand View Research has segmented the global surgical display market report on the basis of type and region:

• Type Outlook (Revenue, USD Million, 2016 - 2028)

  • Low-end

  • Mid-end

  • High-end

• Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA

    • South Africa

    • UAE