Report Overview

A high prevalence of chronic and life style illnesses, rapidly growing geriatric population, increasing disposable income, and adoption of innovative technologies in diagnostic imaging systems and monitors in a variety medical processes are expected to boost the growth of United States Medical Imaging Monitor market at a significant rate.

United States Medical Imaging Monitor Market - Industry Trends & Forecast Report 2028

United States Medical Imaging Monitor Market - Overview

United States Medical Imaging Monitor Market size is expected to grow at a CAGR of 8.4% between 2022 and 2028 (the forecast period). Major growth factors for United States medical imaging monitor market include the growing elderly population in the United States; increasing incidences of chronic illnesses, such as cancer and cardiovascular diseases; and technology advancements to develop various diagnostic imaging tools and monitors to be used in a variety of medical processes.

Medical imaging also known as diagnostic imaging is a technique of generating visual representations of the internal human body to diagnose a patient. Lower amounts of electromagnetic radiation help to produce highly detailed images of the inside body. The detailed images created by these processes are used to further treatment of the patient and help to analyze physician about the anatomic structure and functional working of the internal organs. Medical imaging is used in the field of medicine to recognize a range of medical problems, such as damaged bones, heart conditions, blood clots, and intestinal conditions. Additionally, diagnostic radiology can also monitor diseases such as colon cancer and breast cancer.

Medical imaging includes Computed Tomography (CT) Scanners, X-ray Imaging Systems, MRI Systems, Ultrasound Imaging Systems, Nuclear Imaging Systems, and Mammography Systems. CT scanner uses X-ray tools to generate a series of cross-sectional images of the body. It is often used when the physician requires highly detailed images to study and diagnose the source of a problem, particularly on soft tissue. X-ray machine uses X-rays, a kind of electromagnetic radiation, to generate images of the internal parts of the body without making any incisions. MRI machine uses a magnetic field in place of radiation to create images of the interior parts of the body.

It is used to study for those parts of the body where CT scanners cannot generate sharp images. Ultrasound, also known as Sonography, uses high-frequency sound waves to check inside the body. Ultrasound images are produced in real time; they can also display the movement of the body's inner structures as well as blood circulation over the blood vessels. Unlike X-ray imaging, there is no ionizing radiation exposure allied with ultrasound imaging. Nuclear imaging uses small quantities of radioactive substances to identify, assess or treat a range of diseases such as cancer, tumors, etc. It has the potential to detect infection in its initial stages. Mammography uses a low amount of X-rays to generate the images of inside the breasts.

United States Medical Imaging Monitor Market – Forecast and Industry Trends

Growth Drivers

High Prevalence of Chronic Diseases among Americans

A number of people in the United States affected by chronic diseases, such as cancer, cardiovascular (heart) diseases, arthritis, asthma, and diabetes, are growing significantly. Medical or diagnostic imaging systems help in identifying such conditions at earlier stages for providing better treatment. Also, the population in the United States is aging rapidly. According to the Administration on Aging, in 2019, it was estimated that there were more than 54 million Americans, or 16% of the total population, aged 65 years or older in the country. By 2040, the elderly population is expected to reach a 21.6% of the total population in the United States. As older people are prone to chronic illnesses and they need more medical care. An increasing need for medical services would boost the need for medical or diagnostic imaging services for early detection and better treatment. This factor, in turn, could boost the growth of United States Medical Imaging Monitor Market.

Technology Improvements in Imaging Systems

Innovative technologies and increasing investments in R&D activities are boosting the growth of the United States Medical Imaging Monitor Market. The most recent technologies in the medical imaging field include 3-D viewing, medical cooperation, easy Picture Archiving and Communication System (PACS) connectivity, Big Data, and the IoT, which enable easy access to radiology reports and referral studies. For instance, using an automated IoT-enabled sensor, the smart lighting system for radiology can change the brightness of the reading room light according to World Health Organization (WHO) norms, tailoring settings for specific modalities and priorities of each healthcare provider. Diagnostic accuracy is also improving with 3-D mammography and 3-D Ultrasonic Holography, which is projected to boost market growth.

Adoption of 4K and AI-Integrated Medical Imaging Technologies

The adoption of Artificial Intelligence (AI) technologies and 4K is rapidly increasing in the United States healthcare industry and the AI has penetrated the medical imaging technologies as well. The high adoption of AI-integrated technologies especially in the developed countries, such as United States, is one of the major factors for the growth of the medical imaging monitor market in the country. The AI-integrated technologies offer early and high efficiency in the diagnosis of various conditions which helps in providing the treatment in the early stages. As a result, AI and 4K are increasingly being adopted for display units or monitors of medical imaging systems.

Restraints

High Cost of Medical Imaging Systems

Medical or diagnostic imaging monitors and systems are highly expensive. Innovative technologies that add additional costs are anticipated to hinder the growth of United States Medical Imaging Monitor Market.

Impact of COVID-19 on United States Medical Imaging Monitor Market

United States Medical Imaging Monitor Market witnessed a sudden decline during the COVID-19 pandemic and resultant lockdowns across the country in 2020. The demand for imaging equipment slumped significantly, as the hospital visits for diagnosing and checking chronic diseases declined due to lockdown restrictions. Furthermore, hospitals’ resources and healthcare experts were completely focusing to the care of COVID-19-infected patients. However, in the post COVID-19 pandemic era, the medical imaging industry is expected to grow as regular medical examinations and disease diagnosis have resumed. The prevalence of numerous medical disorders is considered to have increased during the pandemic and lockdown as a result of the sedentary lifestyle. As a result, people resume availing medical diagnostic services and solutions. This, in turn, is expected to fuel the growth of United States Medical Imaging Monitor Market during the forecast period.

Segmental Coverage

United States Medical Imaging Monitor Market - By Type

By type, United States Medical Imaging Monitor Market is segmented into two divisions: Grey Scale and Color Scale.

United States Medical Imaging Monitor Market - By Resolution

Based on resolution, United States Medical Imaging Monitor market is categorized as less than 2 mega pixel (<2MP), between 4.1 mega pixel and 8 mega pixel (4.1–8MP), and more than 8 mega pixel (>8MP).

United States Medical Imaging Monitor Market - By Technology

By technology, United States Medical Imaging Monitor Market has the following segments: light emitting diode (LED), organic light emitting diode (OLED), and others.

United States Medical Imaging Monitor Market - By Application

Based on application, United States Medical Imaging Monitor Market is segmented into Radiography, Mammography, Digital Pathology, Multi-Modality, Surgical, and Others. Among the applications, the radiography segment is expected to maintain its leadership position in United States Medical Imaging Monitor Market during the projected period between 2022 and 2028.

Competitive Landscape

United States Medical Imaging Monitor Market witnesses high competition. Prominent players in the market include HP Development Company LP, Quest International, Stryker Corporation, Double Black Imaging, STERIS plc, UTI Technology, NDS Surgical Imaging LLC - A Novanta Company, Canvys, Advantech Co Ltd, Barco, and Eizo Corporation. These companies execute various strategic activities, such as mergers and acquisitions, partnerships, and new product launcher, to expand their market reach.

Recent Developments

• In February 2021, Double Black Imaging (DBI) launched its Gemini 12MP, designed to enhance multi-modality workflow for Breast Imaging and PACS. DBI’s Gemini 12MP features a high-speed graphic controller to optimize Tomo image processing, along with DBI’s comprehensive calibration software suite. In June 2022, Canvys introduced its new 18.5-inch Full HD True flat display in 16:9 with PCAP multi touch (10-point). It contains fully closed housing (without vents) ideal for use in medical or industrial environments.

Scope of the Report

By Type

• Grey Scale
• Color Scale

By Resolution

• <2MP
• 4.1-8MP
• >8MP

By Technology

• LED
• OLED
• Others

By Application

• Radiography
• Mammography
• Digital pathology
• Multi-modality
• Surgical
• Others