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

Attributes	Details
Years Considered	Historical Data – 2018–2021
	Base Year – 2021
	Forecast – 2022–2028
Facts Covered	Revenue in USD Million
Product/Service Segmentation	By Type, By Resolution, By Technology, By Application
Key Players	HP Development Company LP, Quest International, Stryker Corporation, Double Black Imaging, STERIS plc, UTI Technology, NDS Surgical Imaging A Novanta Company, Canvys, Advantech Co Ltd, Barco, Eizo Corporation, and other prominent players.

 

 

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

1. Research Framework
   1. Research Objective
   2.  Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. United States Medical Imaging Monitor Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technology Landscape/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. United States Medical Imaging Monitor Market Overview
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Grey Scale
         2. Color Scale
      2. By Resolution
         1. <2MP
         2. 4.1-8MP
         3. >8MP
      3. Technology
         1. LED
         2. OLED
         3. Others
      4. By Application
         1. Radiography
         2. Mammography
         3. Digital pathology
         4. Multi-modality
         5. Surgical
         6. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of COVID-19 on United States Medical Imaging Monitor Market
8. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. HP Development Company LP
   2. Quest International
   3. Stryker Corporation
   4. Double Black Imaging
   5. Steris
   6. UTI Technology
   7. NDS Surgical Imaging, A Novanta Company
   8. Canvys
   9. Advantech Co Ltd
   10. Barco
   11. Eizo Corporation
   12. Other Prominent Players
9. Key Strategic Recommendations

 

Note: Financial in information in case of non-listed companies will be provided as per availability

The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1        United States Medical Imaging Monitor Segmentation

Figure 2        United States Medical Imaging Monitor Market Value Chain Analysis

Figure 3        Porter’s Five Forces Analysis

Figure 4        United States Medical Imaging Monitor Market Size, By Value (USD Million), 2018–2028

Figure 5        United States Medical Imaging Monitor Market Share, By Type, By Value, 2018–2028

Figure 6        United States Medical Imaging Monitor Market Share, By Resolution, By Value, 2018–2028

Figure 7        United States Medical Imaging Monitor Market Share, By Technology, By Value, 2018–2028

Figure 8        United States Medical Imaging Monitor Market Share, By Application, By Value, 2018–2028

Figure 9        Market Share Analysis, 2021

 

List of Tables

 

Table 1         United States Medical Imaging Monitor Market Size, By Type, By Value, 2018–2028

Table 2         United States Medical Imaging Monitor Market Size, By Resolution, By Value, 2018–2028

Table 3         United States Medical Imaging Monitor Market Size, By Technology, By Value, 2018–2028

Table 4         United States Medical Imaging Monitor Market Size, By Application, By Value, 2018–2028

Table 5         Key Players and Their Offerings

Table 6         Competitive Benchmarking, By Operating Parameters

Table 7         Mergers, Acquisitions, Partnerships, etc.

Table 8         HP Development Company LP Company Overview

Table 9         HP Development Company LP Financial Overview

Table 10        Quest International Company Overview

Table 11        Quest International Financial Overview

Table 12        Stryker Corporation Company Overview

Table 13        Stryker Corporation Financial Overview

Table 14        Double Black Imaging Company Overview

Table 15        Double Black Imaging Financial Overview

Table 16        Steris Company Overview

Table 17        Steris Financial Overview

Table 18        UTI Technology Company Overview

Table 19        UTI Technology Financial Overview

Table 20        NDS Surgical Imaging A Novanta Company Overview

Table 21        NDS Surgical Imaging A Novanta Financial Overview

Table 22        Canvys Company Overview

Table 23        Canvys Financial Overview

Table 24        Advantech Co. Ltd. Company Overview

Table 25        Advantech Co. Ltd. Financial Overview

Table 26        Barco Company Overview

Table 27        Barco Financial Overview

Table 28        Eizo Corporation Company Overview

Table 29        Eizo Corporation Financial Overview