Global Monochrome Medical Monitor Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024

Monochrome Medical Monitors Offer High Resolution and are More Efficient than Color Monitors

Monochrome medical monitors display image of a single color, however, in varied shades. It may include white, green or amber screens. It shows a greyscale medical display. Cathode Ray Tube (CRT) technology is the first ever technology used for monochrome displays. LCD and LED are the more preferred technologies used in most monitors available in the market. The emerging trend is to shift from CRT displays to LCD displays for medical imaging. These medical monitors provide higher resolution as compared to color monitors. They are more efficient in displaying the image in comparison to color monitors. Monochrome medical monitors are widely preferred by healthcare professionals for application in diagnostic radiology due to its higher luminance. The monitors are connected to a picture archiving and communication system (PACS) workstation for image display. Monochrome medical monitors are considered to be highly efficient in delivering imaging solutions in the field of diagnostics, radiology, and surgery, among others.

 

Increasing number of surgeries and diagnostic tests driving market growth

Increasing prevalence of chronic diseases such as diabetes, stroke, asthma, and obesity leads to increasing number of surgical procedures, in turn fueling growth in demand for monochrome medical monitors for application in surgical displays. According to the American Society of Plastic Surgeons, 1.7 million cosmetic surgeries were performed worldwide in 2015, which is an increase of 2% as compared to 2014. Moreover, with growing diagnostic tests and awareness among people regarding early diagnosis and treatment of diseases is also projected to fuel sales of monochrome medical monitors. However, high cost of monochrome medical monitors due to their high resolution is expected to inhibit market growth.

 

Monochrome Medical Monitor Market Taxonomy

Global monochrome medical monitor market is segmented on the basis of product type, application, end use, and region. On the basis of product type, monochrome medical monitor market is classified as Cathode Ray Tube (CRT) monitors, LCD monitors, and LED monitors. LCD monitors are the commonly available monochrome medical monitors, owing to high resolution image quality. On the basis of application, the market is segmented into diagnostic display, surgical display, radiology display, clinical review displays, and others. On the basis of end use, monochrome medical monitor market is segmented into hospitals, clinics, diagnostic centers, pathology labs, and others. Geographically, the monochrome medical monitor market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

 

North America is the Largest Market for Monochrome Medical Monitors

North America is the largest market for monochrome medical monitors. This is due to high adoption of advanced technology in the region. Countries such as the U.S. are increasing their healthcare expenditure, which is expected to further improve the infrastructure in hospitals and other medical facilities. Moreover, favorable reimbursement policies such as Medicare and Medicaid Services has led to greater penetration of monochrome medical monitors in North American region. Asia Pacific region is expected to gain lucrative growth over the forecasted period, due to rising awareness among the populace and increasing healthcare spending. Various healthcare initiatives by governments, especially in emerging economies, to educate and train the healthcare professionals to provide improved healthcare services is in turn fueling adoption of these monitors. Hence, immense opportunity lies in this region for the key players to cater to unmet needs of the target population. Europe is also witnessing major development activities related to medical monitors in order to cater to vast target population demanding for such devices.

 

Barco and Eizo Corporation are some of the Key Players in the Monochrome Medical Monitor Market

Some of the key players are Ampronix Inc., Barco N.V., Eizo Corporation, KOSTEC CO., LTD., JVCKENWOOD Corporation, Richardson Electronics, Ltd., and NEC Display Solutions among others.  Development of innovative products is fueling monochrome medical monitor market growth. For instance, in September 2010, Eizo Corporation launched 29.8-inch RadiForce RX430 at RSNA 2010, which is capable of displaying monochrome as well as color images simultaneously.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.