Surgical Display Market Size to Surpass USD 730.6 Million by 2030

According to Precedence Research, the global surgical display market size was estimated at USD 660.1 million in 2020 and is predicted to surpass around USD 730.6 million by 2030.

The surgical display market is registering growth at a CAGR of 1.01% during the forecast period 2022 to 2030. The key factors driving the market include the rising number of surgical procedures and growing digitalization in the healthcare sector. Furthermore, technological advancements by market players are also anticipated to positively influence market growth.

Growing digitalization in the overall healthcare industry coupled with technological advancements is anticipated to boost market growth. Furthermore, a rising number of surgeries is also anticipated to fuel market growth during the projected period. During the COVID-19 pandemic, market players experienced negative growth in their revenues. For instance, Barco reported a 1.9% decline in its healthcare revenue. This was majorly in the second half of 2020. On the other hand, Eizo Global reported a stable supply of its products and services throughout the pandemic.

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According to the Medical Project Manager of ADLINK Technology, Inc., the company’s surgical displays are designed by combining the features of the top 5 monitors in the market. Launched under the ASM surgical monitor series in 2021, the new lineup is optimized for superior image visualization. The monitors are intended to support surgeons and caregivers, especially during the COVID-19 pandemic, to quickly complete diagnoses via high-precision monitors to keep staff and patients safe. Hence, such product launches maintained steady growth during the COVID-19 pandemic.

Report Coverage

By Type Analysis

The mid-end segment dominated the market for surgical display and accounted for the largest revenue share of more than 44.0% in 2020. The market growth is attributed to a rise in demand for better imaging technology and an increase in the implementation of integrated solutions for operational and clinical efficiency in hospital settings.

The high-end segment is expected to grow at the fastest rate of 1.2% in the market for surgical display over the forecast period. High-end surgical displays offer best-in-class features and quality for efficiency, clinical safety, and improved patient outcomes. 

By Regional Analysis

Asia Pacific dominated the surgical display market and accounted for the largest revenue share of 34.1% in 2020. The large share is due to rapidly improving healthcare infrastructure, the adoption of digital technologies, and a large patient pool. 

In Middle East and Africa, the market is expected to witness the fastest CAGR of 4.9% in the market for surgical display over the forecast period.

Key Players

Market players are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and product launches, among others to maintain a competitive edge in the market. For instance, in January 2021, ADLINK Technology, Inc. launched a series of medical-grade surgical monitors-the ASM (ADLINK Surgical Monitor) series to visualize videos and still images from multiple clinical imaging systems in ORs, ICUs, and emergency & examination rooms. The ASM series is available in sizes from 23.8 inches to 32 inches and can be customized as per the needs of medical device OEMs.

Key Players

• Eizo Inc.
• Stryker
• Alcon
• Siemens
• Steris
• Olympus Corporation
• Koninklijke Philips N.V.
• Barco
• Ambu A/S
• NDS Surgical Imaging

Market Segmentation

By Type

• Low-end
• Mid-end
• High-end

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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