The Global Surgical Monitors Industry concluded 2021 with a robust valuation of approximately US$ 670.24 million, signaling a thriving industry poised for further expansion. A recent market analysis forecasts a steady 2.10% Compound Annual Growth Rate (CAGR), propelling the market to an impressive US$ 842.57 million by the year 2032.
Surgical monitors play a pivotal role in modern healthcare, providing surgeons with real-time, high-resolution visualizations crucial for precision and accuracy during medical procedures. The increasing demand for advanced medical technologies, coupled with a rising number of surgical interventions worldwide, is driving the remarkable growth witnessed in the surgical monitor market.
Key factors contributing to this upward trajectory include advancements in display technologies, enhanced imaging capabilities, and the integration of cutting-edge features for better surgical outcomes. The surge in minimally invasive surgeries and the growing adoption of surgical procedures in emerging economies are additional catalysts fueling market expansion.
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Key Takeaways from the Market Study:
- The global Surgical Monitors Market reached a value of US$670.24 Million in 2021.
- Projections indicate a promising 2.10% CAGR during the forecast period.
- By 2032, the market is anticipated to soar to US$842.57 Million, reflecting sustained growth and demand.
Drivers and Opportunities:
- Rising demand for advanced surgical visualization solutions drives market growth.
- Technological advancements in medical imaging technologies enhance surgical monitoring capabilities.
- Increasing surgical procedures and investments in healthcare infrastructure propel market expansion.
- Surge in minimally invasive surgeries fosters the adoption of surgical monitors worldwide.
Competitive Landscape – Regional Trends:
- North America dominates the global surgical monitors market, fueled by sophisticated healthcare infrastructure and extensive R&D investments.
- Asia-Pacific emerges as a lucrative market, driven by the rapid modernization of healthcare facilities and increasing surgical interventions.
- Europe showcases substantial growth potential, attributed to the rising adoption of minimally invasive surgical techniques and growing healthcare expenditure.
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Restraints:
- High initial costs associated with surgical monitors may hinder market penetration, especially in emerging economies.
- Limited awareness and accessibility to advanced healthcare technologies in certain regions pose challenges to market growth.
Recent Market Developments:
- Strategic collaborations, partnerships, and product launches by key market players to enhance product portfolios and expand market presence.
- Integration of artificial intelligence (AI) and machine learning (ML) technologies in surgical monitors to optimize surgical outcomes and improve patient care.
Key Players
- Skytron LLC
- Barco
- NDS Surgical Imaging
- LLC Getinge Group
- Sony Corporation
- Steris Corporation
- Berchtold Corporation
- Stryker Corporation
- Olympus Corporation
- Eizo Inc
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Key Segments Covered in the Surgical Monitors Market Survey
By Screen Size:
- <22.9”
- 23.0” – 26.9”
- 27.0” – 32.9”
- 33.0” – 41.9”
- >42.0”
By Application:
- Endoscopy
- Operating Room
By End-user:
- Hospitals
- Ambulatory Surgical Centre
- Clinic
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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