-->
-->
-->
Market Overview
4K refers to an input source, display panel, or projector that has a resolution approximately four times higher than that of high definition video. The 4K technology in the healthcare sector facilitates access to the highest-resolution imagery possible to make accurate decisions for better treatment.
According to the MarkNtel Advisors’ research report, “Global 4K Medical Imaging Market Analysis, 2021”, the market is expected to grow at a CAGR of around 12% during 2021-26. The growth of the market is attributed to mounting investment in the development of healthcare infrastructure. Increasing demand for improved resolution and quality by the medical professionals to assist the patient with disease-specific treatment proliferates the growth of the market. Along with this, the rising demand for the advanced modalities from the end-user side is expected to drive the growth of the market in the forthcoming timeline.
Impact of COVID-19
The outbreak of the COVID-19 pandemic has adversely affected the overall global market. The global 4K medical imaging market has experienced a negative impact. The supply of 4K medical imaging devices was disrupted along with the increase in the price pressure. Also, due to the spread of coronavirus, there was a decline in the number of patients visiting the hospitals. The demand for medical imaging such as MRI has also gone down amidst the spread of coronavirus. Additionally, due to the COVID-19 pandemic, there were stringent regulations to minimize the cross-sectional imaging and ultrasounds to avoid the spread of coronavirus. However, the recommencement of the services is leading to the revival of the examination procedures, thereby, propelling the growth of the market in the near future.
Market Segmentation
Medical Display Accounted for the Largest Market Share
Based on the product type, the Medical display acquired the largest share in the global 4K medical imaging market in 2019 and is anticipated to maintain its leading position during the forecast period. The growth of the segment is attributed to the development of hybrid operating rooms owing to its cost-effectiveness. In addition to this, with the help of 4K medical imaging, the patient data can be seen on the desired display from different devices in high resolution of visualization. Thereby, propelling the growth of the global 4K medical imaging market as revealed by the MarkNtel Advisors’ research report “Global 4K Medical Imaging Market Analysis, 2021”.
Endoscopy Cameras grabbed the highest Market Share
Endoscopy cameras held the largest market share in the global 4K medical imaging market in 2019. Endoscopy is the less invasive technology used for the diagnosis of variant infection and disease. Thus, the increasing demand for minimally invasive surgeries as it reduces the burden on patients compared to open surgery has led to a surge in the growth of the segment. The major challenge for such surgeries is the visibility which is overcome by the use of a 4K medical imaging system. The adoption of advanced technologies in the healthcare industry has eased surgical treatments with the least invasive procedures.
Regional Landscape
North America Grabbed the Highest Market Share
The North America region held the largest market share in the global 4k medical imaging market in 2019. The growth of the region is attributed to high patient acceptance for advanced technologies as well as a substantially large and well-established healthcare industry. Growing awareness about benefits associated with the use of 4K medical imaging systems such as displays for better clarity, cameras for better capturing of details, and advanced visualization systems that combine the data from a different facility on to a single unit promotes the growth of the 4K medical imaging in the region.
Market Driver
Rise in technological advancement to drive the market growth
Due to the surge in technological advancement, the demand for the incorporation of high-end technologies in the healthcare industry has increased. This is to provide patient-centric treatment, better diagnostic and accurate decision making. The upgrade and development of new devices capable of offering 4K resolution have allowed the medical professionals to visualize tinier details that were previously considered incapable of full-high-definition devices.
Competitive Landscape
According to MarkNtel Advisors, the major leading players in the global 4K Medical Imaging market are Steris plc, Barco NV, Sony Corporation, Novanta, Inc., Olympus Corporation, Leica Microsystems AG (Danaher Corporation), Conmed Corporation, Sharp NEC Display Solutions, Ltd., Stryker Corporation, EIZO Corporation, Ikegami Tsushinki Co., Ltd., Smith & Nephew plc, Zimmer Biomet Holdings, Inc., Karl Storz SE & Co. KG
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global 4K Medical Imaging Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global 4K Medical Imaging Market during 2021-26?
A. The Global 4K Medical Imaging Market is forecast to grow at a CAGR of 12% during 2021-26.
Q. Who are the key competitors or players operating in Global 4K Medical Imaging Market?
A. Steris plc, Barco NV, Sony Corporation, Novanta, Inc., Olympus Corporation, Leica Microsystems AG (Danaher Corporation), Conmed Corporation, Sharp NEC Display Solutions, Ltd., Stryker Corporation, EIZO Corporation, Ikegami Tsushinki Co., Ltd., Smith & Nephew plc, Zimmer Biomet Holdings, Inc., Karl Storz SE & Co. KG are few of the leading players in the Global 4K Medical Imaging Market.
Q. Which types of segment would emerge as an opportunity area for players in Global 4K Medical Imaging Market?
A. Medical Display is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global 4K Medical Imaging Market?
A. North America continue to grow at the highest CAGR, presenting immense opportunities for market players of Global 4K Medical Imaging Market.
