Economic Impact of Coronavirus on Medical Display Monitor Market to Reap Excessive Revenues | P&S Intelligence – Cole of Duty

The growth of the global medical display monitor market is mainly driven by the rising incidents of chronic diseases, increasing usage of hybrid operating room (OR) technologies, surging demand for minimally invasive treatments, and availability of advanced monitors. In 2017, the market attained a size of $2.1 billion, and it is predicted to witness a CAGR of 4.9% during the forecast period (20182023). These monitors are used to display the patients anatomy for correct diagnosis and treatment. Surgeons, radiologists, and physicians heavily depend on these monitors for providing quality healthcare.

Request to Get the Sample Pages at:https://www.psmarketresearch.com/market-analysis/medical-display-monitor-market/report-sample

On the basis of resolution, the medical display monitor market is classified into up to 2 MP, 3 MP4 MP, 5 MP8 MP, and above 8 MP. Among these, during the historical period (20132017), the 5 MP8 MP classification dominated the market in terms of revenue, and it is expected to register a CAGR of 5.2% during the forecast period. Monitors with this resolution range offer better-quality images, when compared to others, for several diagnostic and surgical purposes. Further, colored medical display monitors are used more than the monochrome ones, as they provide improved visualization effects.

Increasing incidents of chronic diseases, such as cancer and heart diseases, are one of the major drivers behind the progress of the medical display monitor market. As per the American Cancer Society, in the U.S., in 2017, the estimated number of cancer cases was estimated to stand at 1,688,780. The organization also claimed that in the same year, around 13.0% of young populace would be affected by rare cancers in the ratio of 6 cases per 100,000 people. Similarly, in 2014, the Australian Institute of Health and Welfare published Australias Health report after the 20072008 National Health Survey.

As per the report, one-third of the population was suffering from at least one chronic condition, such as coronary heart disease (CHD), type 2 diabetes, asthma, and cerebrovascular disease (primarily stroke). The report further anticipated that the incidents of chronic diseases would rise with age. Hence, as the geriatric population increases across the world, so will the hospitalization rate. This would, in turn, lead to an increase in the number of healthcare settings, thereby driving the medical display monitor market.

Thus, the surging incidents of chronic diseases is fueling the demand for enhanced medical display technologies, thereby augmenting the sales of such devices.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:

P&S Intelligence

International: +1-347-960-6455

Email: [emailprotected]

Web: https://www.psmarketresearch.com

Connect with us: LinkedIn | Twitter | Facebook

Read the original post:
Economic Impact of Coronavirus on Medical Display Monitor Market to Reap Excessive Revenues | P&S Intelligence - Cole of Duty