Global shipments of medical display devices have been expanding at an annual rate of about 5% in recent years, driven by demand for upgrades in display products that has come along with the emerging trend of smart medical care and IoT connectivity, Digitimes Research has found.
Global shipments of medical displays are projected to reach 2.55 million units in 2019, with patient monitoring displays accounting for 64% of total unit shipments. In terms of sales value, diagnostic displays accounted for the highest portion of 46%.
Belgium-based Barco has been a major vendor in the segment with its medical display revenues and related gross margin rising year on year thanks to its offerings of large-size, high-resolution models and its ability to cope with the ongoing trend for digitalization and connectivity in operating rooms.
The bulk of patient monitors, which are used to gauge patient's pulse, blood pressure and other physiological parameters, come in sizes ranging from 8-12 inches, with their specifications much lower than those for surgical and diagnostic applications. China-based Mindray, a specialist for patient monitor displays and ultrasound image display devices, has seen its revenues continue growing at an annual rate of over 20% in the past three years.
In light of rising popularity of displaying medical images in 4K, 8K and 3D formats, demand for medical display devices with larger sizes, higher resolutions and higher specifications (brighter, more contrast, and deeper red functionality) will keep growing, Digitimes Research believes.