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Global Light Emitting Diode (LED) Surgical Display Market – Industry Trends and Forecast to 2029

  • Medical Devices
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Light Emitting Diode (LED) Surgical Display Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 875.40 Million
Diagram Market Size (Forecast Year) USD 1526.74 Million
Diagram CAGR %

Global Light Emitting Diode (LED) Surgical Display Market, By Technology (LED-Backlit LCD, CCFL-Backlit LCD, OLED), Application (Digital Signage, Backlighting), Display Screen (19 Inches, 21 Inches, 24 Inches, 26 Inches, 32 Inches, 42 Inches, 55 Inches), Resolution (Up to 2mp Resolution Displays, 2.1-4mp Resolution Displays, 4.1–8mp Resolution Displays, Above 8mp Resolution Displays), Color Display (Full Color LED Displays, Monochrome LED Displays, Tri-color LED Displays), End-User (Hospitals, Clinics, Research Institutions) – Industry Trends and Forecast to 2029.

Light Emitting Diode (LED) Surgical Display Market Analysis and Size

The size of the light emitting diode (LED) surgical display market is anticipated to increase during forecast period 2022 to 2029. It is projected that rising digitalization in the healthcare sector as a whole, combined with technology improvements, will accelerate market growth. Additionally, it is estimated that an increase in surgeries will spur market expansion during the forecast period.

Data Bridge Market Research analyses that the light emitting diode (LED) surgical display market which was USD 875.4 million in 2021, would rocket up to USD 1526.74 million by 2029, and is expected to undergo a CAGR of 7.20% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Light Emitting Diode (LED) Surgical Display Market Scope and Segmentation      

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Technology (LED-Backlit LCD, CCFL-Backlit LCD, OLED), Application (Digital Signage, Backlighting), Display Screen (19 Inches, 21 Inches, 24 Inches, 26 Inches, 32 Inches, 42 Inches, 55 Inches), Resolution (Up to 2mp Resolution Displays, 2.1-4mp Resolution Displays, 4.1–8mp Resolution Displays, Above 8mp Resolution Displays), Color Display (Full Color LED Displays, Monochrome LED Displays, Tri-color LED Displays), End-User (Hospitals, Clinics, Research Institutions)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Barco (Belgium), Advantech Co. Ltd. (Taiwan), Quest International (U.K.), EIZO Corporation (Japan), CONMED (U.S.), FSN Medical Technologies (U.S.), Sony Corporation (Japan), LG Display Co. Ltd. (South Korea), Novanta Inc. (U.S.), Steris (U.S.), Synergy Medical Inc. (U.S.), Double Black Imaging (U.S.), Richardson Electronics, Ltd. (U.S.), Dell Inc. (U.S.)

Market Opportunities

  • Increased popularity of minimally invasive procedures
  • Increasing acceptance of hybrid operating rooms, and the expansion of telemedicine

Market Definition

An operating room monitor made for use in the medical field is called the light emitting diode (LED) surgical display. Surgical displays are often monitors in image-guided surgery, such as endoscopy or interventional radiology. Important patient data such as PACS images and vital signs can also be displayed on surgical screens during surgery.

Light Emitting Diode (LED) Surgical Display Market Dynamics

Drivers

  • Rise of integrated operating rooms

One of the key factors boosting the market for light emitting diode (LED) surgical displays is the rise of integrated operating rooms. The market for light emitting diode (LED) surgical displays is expected to develop between 2022 and 2029 as a result of a number of additional factors, including the increased popularity of minimally invasive procedures, the increasing acceptance of hybrid operating rooms, and the expansion of telemedicine.

  • Expansion of hospitals

On the other hand, the expansion of hospitals and specialist clinics will create more chances for the market for LED surgical displays to develop throughout the forecast period.

Opportunities

The growth of the light emitting diode (LED) surgical display market is fuelled by an increase in the number of research and development activities. This will provide beneficial opportunities for growth in the light emitting diode (LED) surgical display market.

Moreover, increasing the number of emerging markets and new product launches will further provide beneficial opportunities for the growth of light emitting diode (LED) surgical display during the forecast period.

Restraints/Challenges

  • High cost

On the other hand, the high cost of the light emitting diode (LED) surgical display along with increasing pricing pressure from various players in china will obstruct the market's growth rate.

This light emitting diode (LED) surgical display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the LED surgical display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Light Emitting Diode (LED) Surgical Display Market

Market participants saw a decline in their revenue growth during the COVID-19 epidemic. For instance, Barco reported that its healthcare revenue fell by 1.9%. Majority of this occurred in the second half of 2020. On the other hand, Eizo Global reported a consistent supply of its goods and services throughout the epidemic. As of July 2020, it continued to run its activities at all seven of its production facilities worldwide. Despite the supply chain delays, the company maintained robust material procurement. And all these had no impact on the market size in 2020.

Recent Development

  • In August 2021, Shenzhen Beacon Display Technology Co., Ltd. established Beacon Bigtide Europe B.V. as its European subsidiary. The main reason for the formation of the new organisation was to better manage the company's product sales trade and after-sales support as well as increase brand penetration in the European market.

Global Light Emitting Diode (LED) Surgical Display Market Scope

The light emitting diode (LED) surgical display market is segmented on the basis of technology, application, display screen, resolution, color display and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

  • LED-Backlit LCD
  • CCFL-Backlit LCD
  • OLED

 Application

  • Digital Signage
  • Backlighting

Display Screen

  • 19 Inches
  • 21 Inches
  • 24 Inches
  • 26 Inches
  • 32 Inches
  • 42 Inches
  • 55 Inches

Resolution

  • Up to 2mp Resolution Displays
  • 2.1-4mp Resolution Displays
  • 4.1–8mp Resolution Displays
  • Above 8mp Resolution Displays

 Color Display

  • Full Color LED Displays
  • Monochrome LED Displays
  • Tri-color LED Displays

 End-User

  • Hospitals
  • Clinics
  • Research Institutions

Light Emitting Diode (LED) Surgical Display Market Regional Analysis/Insights

The light emitting diode (LED) surgical display market is analysed and market size insights and trends are provided by country, technology, application, display screen, resolution, color display and end-user as referenced above.

The countries covered in the LED surgical display market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the light emitting diode (LED) surgical display market owing to the high adoption of advanced technologies such as hybrid operating rooms and OLED and rising healthcare expenditure in the region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 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.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The light emitting diode (LED) surgical display market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for light emitting diode (LED) surgical display market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the light emitting diode (LED) surgical display market. The data is available for historic period 2010-2020.

Competitive Landscape and Light Emitting Diode (LED) Surgical Display Market Share Analysis

The light emitting diode (LED) surgical display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to light emitting diode (LED) surgical display market.

Some of the major players operating in the light emitting diode (LED) surgical display market are:

  • Barco (Belgium)
  • Advantech Co. Ltd. (Taiwan)
  • Quest International (U.K.)
  • EIZO Corporation (Japan)
  • CONMED (U.S.)
  • FSN Medical Technologies (U.S.)
  • Sony Corporation (Japan)
  • LG Display Co. Ltd. (South Korea)
  • Novanta Inc. (U.S.)
  • Steris (U.S.)
  • Synergy Medical Inc. (U.S.)
  • Double Black Imaging (U.S.)
  • Richardson Electronics, Ltd. (U.S.)
  • Dell Inc. (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The light emitting diode (LED) surgical display market value is projected USD 1526.74 million by 2029.
The light emitting diode (LED) surgical display market is projected to grow at a CAGR of 7.20% during the forecast period of 2022-2029.
On the basis of technology, the Light Emitting Diode (LED) Surgical Display Market is segmented into LED-Backlit LCD, CCFL-Backlit LCD, OLED.
On the basis of application, the Light Emitting Diode (LED) Surgical Display Market is segmented into Digital Signage, Backlighting.
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