Market Size of Ultra High Definition (UHD) Surgical Display Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 360.40 Million |
Market Size (2029) | USD 412.90 Million |
CAGR (2024 - 2029) | 2.80 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Ultra High Definition (UHD) Surgical Display Market Analysis
The Ultra High Definition Surgical Display Market size is estimated at USD 360.40 million in 2024, and is expected to reach USD 412.90 million by 2029, growing at a CAGR of 2.80% during the forecast period (2024-2029).
Factors such as a rise in demand for minimally invasive procedures and an increase in diagnostics imaging centers are expected to drive the market's growth.
As a result of the increasing usage of minimally invasive procedures, these technologies have become common in hybrid operating rooms and diagnostic centers. For instance, according to the American Society of Plastic Surgeons Report 2023, the US practitioners conducted 25.4 million cosmetic minimally invasive procedures, up by 7% from 2022. Notable statistics include neuromodulator injections at 9.4 million and lip augmentation at 1.4 million. In addition, about 3.5 million skin resurfacing procedures, 5.2 million hyaluronic acid filler procedures, and 745,967 noninvasive fat reduction procedures were conducted in the United States. The anticipated surge in annual minimally invasive procedures and surgeries is expected to fuel the expansion of the market.
Technological advancements and increased product launches are anticipated to fuel the availability of new products in the market, thus accelerating market expansion. For instance, in September 2022, Olympus Corporation introduced VISERA ELITE III, a cutting-edge surgical visualization system, to meet HCPs' endoscopic needs across multiple medical specialties. VISERA ELITE III consolidates multiple imaging capabilities within a single platform, facilitating minimally invasive procedures like laparoscopic colectomy and laparoscopic cholecystectomy.
Additionally, in July 2022, Canvys Visual Technology Solutions launched a 32-inch 4K Ultra HD monitor tailored to medical standards. This monitor boasts an 850-nit LCD panel powered by high-performance controllers, ensuring vivid displays. The monitor's flat glass screen facilitates effortless cleaning and disinfection, making it suitable for healthcare settings.
Furthermore, in November 2022, LG Electronics (LG) launched its first 27-inch, 4K surgical monitor with Mini LED technology (model 27HQ710S) at MEDICA 2022, the international tradeshow for the medical sector took place in Düsseldorf, Germany. LG 4K Mini LED surgical monitor provides better picture quality with clear and precise images. The product's 4K resolution screen leverages thousands of tiny LEDs to provide a peak brightness of 2,000cd/m² and a 1,000:1 contrast ratio. Thus, the launch of advanced technologies in the market is expected to increase demand and contribute to the market's growth.
Hence, due to the rise in minimally invasive procedures and product launches, the market is expected to witness significant growth. However, the increasing adoption of refurbished medical displays is expected to restrain the market's growth.
Ultra High Definition (UHD) Surgical Display Industry Segmentation
As per the scope of the report, UHD (ultra-high definition) surgical/medical displays are display monitors that feature a resolution of HD, a wide range of color technology, and a high-brightness backlight. As a result, these monitors offer a high level of detail, sharpness, and clarity.
The ultra-high-definition surgical display market is segmented by type, end user, and geography. By type, the market is segmented into LED UHD display and LCD UHD display. By end user, the market is segmented into hospitals, diagnostic imaging centers, ambulatory surgical centers, and other end users. By geography, the market is segmented as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (USD) for the above segments.
By Type | |
LED UHD Display | |
LCD UHD Display |
By End User | |
Hospitals | |
Diagnostic Imaging Centers | |
Ambulatory Surgical Centers | |
Other End Users |
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Ultra High Definition (UHD) Surgical Display Market Size Summary
The ultra-high definition (UHD) surgical display market is poised for growth, driven by the increasing demand for minimally invasive procedures and advancements in diagnostic imaging technologies. The market experienced a setback due to the COVID-19 pandemic, which led to a decline in surgical procedures. However, as surgeries resume and COVID-19 cases decrease, the market is expected to recover. The proliferation of UHD displays in hybrid operating rooms and diagnostic centers is fueled by the rising number of procedures, such as heart transplants, and the introduction of innovative products like Olympus Corporation's VISERA ELITE III. Despite the growth prospects, the market faces challenges from the adoption of refurbished medical displays.
North America is anticipated to maintain a significant share of the UHD surgical display market, supported by the increasing prevalence of chronic diseases and the demand for surgical imaging. The region benefits from government and private sector initiatives aimed at enhancing medical imaging capabilities, as evidenced by investments and collaborations in Canada. The presence of key industry players and their continuous product launches further bolster market growth. Companies like LG Electronics and Canvys Visual Technology Solutions are contributing to the market with advanced display technologies. The market's fragmented nature sees major players like Advantech, Sony Corporation, Siemens Healthineers, and Barco leading the way in innovation and distribution.
Ultra High Definition (UHD) Surgical Display Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in Prevalence of Chronic Diseases that Require Diagnostic Imaging
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1.2.2 Rising Number of Diagnostic Imaging Centers
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1.3 Market Restraints
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1.3.1 Increasing Adoption of Refurbished Medical Displays
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Type
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2.1.1 LED UHD Display
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2.1.2 LCD UHD Display
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2.2 By End User
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2.2.1 Hospitals
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2.2.2 Diagnostic Imaging Centers
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2.2.3 Ambulatory Surgical Centers
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2.2.4 Other End Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Ultra High Definition (UHD) Surgical Display Market Size FAQs
How big is the Ultra High Definition Surgical Display Market?
The Ultra High Definition Surgical Display Market size is expected to reach USD 360.40 million in 2024 and grow at a CAGR of 2.80% to reach USD 412.90 million by 2029.
What is the current Ultra High Definition Surgical Display Market size?
In 2024, the Ultra High Definition Surgical Display Market size is expected to reach USD 360.40 million.