Market Overview:
The global monochrome medical monitors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for monochrome medical monitors from hospitals, domestic users, and rehabilitation centers across the globe. Additionally, factors such as technological advancements and rising awareness about health and fitness are also contributing to the growth of this market. Based on type, the global monochrome medical monitors market is segmented into 1MP, 2MP, 3MP, 5MP, and others. The 5MP segment is expected to register highest CAGR during the forecast period owing to its high resolution that allows physicians or surgeons get a clear view of internal organs or tissues while performing surgeries or other treatments. By application, hospitals account for majority share in terms of revenue in this market followed by domestic users and rehabilitation centers respectively.
Product Definition:
A monochrome medical monitor is a display device used to view images from a diagnostic imaging modality, such as x-ray, ultrasound or MRI. Monochrome medical monitors typically have a black and white display that can show shades of gray. This type of monitor is important because it allows healthcare professionals to see the details of an image clearly and accurately.
1MP:
1MP is a unit of digital imaging resolution. It was defined by the International Society of Optical Engineering in 1975, as the minimum size required to distinguish an object with the human eye, i.e., at a wavelength of 790 nm. The current standard for still images and video surveillance is 1 megapixel (MP) per pixel; i.e., 1 million pixels or 928x720 pixels (NTSC) or 864x624 pixels (PAL).
2MP:
2MP is a digital camera format that has been used in cameras and camcorders for many years. The 2MP designation means the image resolution is equivalent to approximately 200x150 pixels, which is fine for web graphics but not so good when it comes to medical monitors where accurate information needs to be displayed.
The first monochrome medical monitor was introduced by Eizo in Japan in October 2002.
Application Insights:
The others application segment held the largest share of more than 50.0% in 2017. The other applications include research institutes, industrial, and education facilities. Monochrome medical monitors are widely used in hospitals as they provide accurate and sensitive measurements required for the diagnosis of diseases with high accuracy and precision.
Regional Analysis:
North America dominated the global monochrome medical monitors market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technology and increasing demand for cost-effective devices are some factors driving the regional market growth. In addition, growing preference for home healthcare is also expected to drive demand over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to rising geriatric population and improving economic conditions in emerging countries such as China and India.
The key players operating in this industry include Siemens Healthineers GmbH & Co., Ltd.; BioXpert International BV; BioXpert Global Solutions Pvt Ltd.; Carestream Health; Philips Healthcare; Koninklijke Philips N.V.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these surgeries over traditional open surgery procedures, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Monochrome medical monitors are an essential part of any minimally invasive surgery setup as they provide surgeons with real-time images of the surgical area.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, heart disease, and diabetes is on the rise due to changing lifestyles and aging populations. These conditions often require long-term treatment and monitoring which can be done effectively with monochrome medical monitors.
- Growing demand for telemedicine services: Telemedicine involves providing healthcare services remotely using telecommunications technology. This approach has been shown to improve patient outcomes while reducing costs associated with healthcare delivery systems worldwide . Monochrome medical monitors are ideal for telemedicine applications as they offer high image quality at low bandwidths .
Scope Of The Report
Report Attributes
Report Details
Report Title
Monochrome Medical Monitors Market Research Report
By Type
1MP, 2MP, 3MP, 5MP, Others
By Application
Hospital, Domestic, Rehabilitation Center, Others
By Companies
Barco, EIZO Corporation, TOTOKU, Nanjing Jusha Display Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Monochrome Medical Monitors Market Report Segments:
The global Monochrome Medical Monitors market is segmented on the basis of:
Types
1MP, 2MP, 3MP, 5MP, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Domestic, Rehabilitation Center, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Barco
- EIZO Corporation
- TOTOKU
- Nanjing Jusha Display Technology
Highlights of The Monochrome Medical Monitors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1MP
- 2MP
- 3MP
- 5MP
- Others
- By Application:
- Hospital
- Domestic
- Rehabilitation Center
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Monochrome Medical Monitors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Monochrome medical monitors are designed to be used in hospitals and other healthcare facilities. These monitors typically have a black and white display, making them easier to read than color displays. They also tend to be more affordable than color medical monitors, which may make them a better option for some patients.
Some of the key players operating in the monochrome medical monitors market are Barco, EIZO Corporation, TOTOKU, Nanjing Jusha Display Technology.
The monochrome medical monitors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Monochrome Medical Monitors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Monochrome Medical Monitors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Monochrome Medical Monitors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Monochrome Medical Monitors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Monochrome Medical Monitors Market Size & Forecast, 2020-2028
4.5.1 Monochrome Medical Monitors Market Size and Y-o-Y Growth
4.5.2 Monochrome Medical Monitors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 1MP
5.2.2 2MP
5.2.3 3MP
5.2.4 5MP
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Domestic
6.2.3 Rehabilitation Center
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Monochrome Medical Monitors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Monochrome Medical Monitors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 1MP
9.6.2 2MP
9.6.3 3MP
9.6.4 5MP
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Domestic
9.10.3 Rehabilitation Center
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 1MP
10.6.2 2MP
10.6.3 3MP
10.6.4 5MP
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Domestic
10.10.3 Rehabilitation Center
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 1MP
11.6.2 2MP
11.6.3 3MP
11.6.4 5MP
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Domestic
11.10.3 Rehabilitation Center
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 1MP
12.6.2 2MP
12.6.3 3MP
12.6.4 5MP
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Domestic
12.10.3 Rehabilitation Center
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 1MP
13.6.2 2MP
13.6.3 3MP
13.6.4 5MP
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Domestic
13.10.3 Rehabilitation Center
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Monochrome Medical Monitors Market: Competitive Dashboard
14.2 Global Monochrome Medical Monitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Barco
14.3.2 EIZO Corporation
14.3.3 TOTOKU
14.3.4 Nanjing Jusha Display Technology
