Monochrome Medical Monitor Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024

MONOCHROME MEDICAL
MONITOR MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2016-2024
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REPORT DESCRIPTION
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.
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REPORT DESCRIPTION
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.
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REPORT DESCRIPTION
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.
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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.
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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.