Global 4K Medical Imaging Market: Analysis and Forecast, 2020-2030

Jan 2021| BIS462A| BIS Research

Report Highlights

As per “Global 4K Medical Imaging Market – Analysis and Forecast: 2020-2030,” the market is projected to reach $2.39 billion by 2030, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 12.2% during the period between 2020 and 2030.

The comprehensive study of the global 4K medical imaging market, BIS Research extensively covers the following:

  • Market numbers on micro-segments that are influencing the market
  • More than 200 products present in the market
  • Over 60 brands were evaluated
  • Market share analysis for more than 50 products
  • Detailed global and regional market share analysis including the scrutiny of more than 15 countries
  • Study of data of more than 100 companies

Besides these parameters, the study also encompasses the market growth drivers, opportunities, market restraining factors, competition mapping, segmental analysis, and a visual dashboard of 150+ products.

BIS Research study indicates that increasing demand for superior visualization quality for medical field, and availability of technologically advanced products in the field of high-definition medical imaging, lack of physicians and medical staff, and the increasing incidences of chronic health conditions have driven the growth of global 4K medical imaging market, among others.

The study highlights various emerging opportunities, such as the advancement of next-generation resolution and successor of 4K technology, i.e., 8K, includes some of the opportunities that can be leveraged by players operating in the market.

The market intelligence by BIS Research additionally throws a spotlight on the key industry trends that have a humungous influence in shaping the industry going forward. Some of these trends include the collaboration of the leading imaging system manufacturers with the emerging players in the 4K medical space to leverage their expertise, exploration of new applications, and several other key trends.

Data from different segments of the market has been analyzed minutely to gain a holistic view of the market. These segments include market share, and industry analysis, types of products offered, and regions. Each of these segments is further categorized into sub-segments and micro-segments, by resolution type, by panel size to compile an in-depth study.

The industry analysis of the global market includes data analysis on the satisfaction level of different product types (by brand) and regulatory scenarios.

To emphasize the dominance of the 4K medical displays segment under the product type category of 4K medical imaging in 2020 and 2030, Abdul Wahid, AVP – BIS Research, states, "One of the major reasons attributing to the growth in this segment is the rapid adoption of hybrid ORs owing to the advantages in terms of time and cost-effectiveness, and integration of different facilities such as radiology and laboratories. Furthermore, patient data from different devices is shown on the desired display, and the quality of visualization helps to propel the growth of global 4K medical imaging markets.”

Key insights are drawn from in-depth interviews with the key opinion leaders of more than 20 leading companies, market participants, and vendors. The key players profiled in the report include Olympus Corporation, Siemens Healthineers AG., Sony Corporation, B. Braun Melsungen AG, Eizo Corporation, LG Corporation, Stryker Corporation, Innolux Corporation, Medtronic plc Carl Zeiss, Braco N.V., Leica Microsystems (Danaher Corporation), Sharp NEC Display Solutions, Ltd., Ikegami Tsushinki, and Zimmer Biomet, among others.

The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market. The recommendations by BIS Research also offer bespoke research services to help organizations meet their objectives.

Who should buy this report?

  • Manufacturers of 4K medical imaging systems
  • Third parties, or suppliers developing ancillary parts

How can market intelligence on 4K medical imaging add value to an organization’s decision-making process?

  • Aid in product development
  • Help in targeting a segment for launching a new product
  • Offer go to market strategies for the different 4K medical imaging product types
  • Support in diversifying the product portfolio basis product type
  • Aid in understanding the end-user requirement
  • Assist in exploring the newer application
  • Support in analyzing the competitors’ funding scenario

Insightful Questions Covered to Enable Companies take Strategic Decisions

  • What is the current market size and future potential of these products?
  • What is the current market share and growth share of the different products in the market?
  • What are the guidelines implemented by different government bodies to regulate the approval of 4K medical imaging market?
  • What are the major market drivers, restraints, and opportunities in the global 4K-medical imaging market?
  • What is the impact of the COVID-19 pandemic on the market?
  • Which technology is being researched and worked upon to improve the 4K-medical imaging systems?
  • Who are the leading players dominating the global 4K-medical imaging market?
  • What are the key development and strategies incorporated by the players of global 4K-medical imaging market, to sustain the competition and retain their supremacy?
  • Which countries contribute to the major share of current demand and which countries hold significant scope for expansion for business activities, by players of the global 4K-medical imaging market?

Market Report Coverage - 4K Medical Imaging

Market Segmentation

  • Product Type- 4K Medical Displays, 4K Camera Systems, 4K Advanced Visualization Systems

Regional Segmentation

  • North America- U.S. and Canada
  • Europe- Germany, U.K, Italy, Spain, France, Switzerland, Netherlands, and Rest-of-Europe
  • Asia-Pacific- Japan, China, South Korea, Australia and New Zealand, India, Singapore, and Rest-of-Asia-Pacific
  • Rest-of-the-World- Latin America, Middle East and Africa

Growth Drivers

  • Increasing Demand for Superior Visualization Quality for Medical Field
  • Advantages of 4K Ultra High Definition Over Full High Definition
  • Availability of Technological Advanced Products in the Field of High-Definition Medical Imaging

Market Challenges

  • High Capital Cost
  • Requirement of Greater Bandwidth Connectivity
  • Increasing Adoption of Refurbished Medical Displays

Market Opportunities

  • Development of 8K Imaging Modalities
  • Slim and Flexible Design for Space Saving

Key Companies Profiled

  • Olympus Corporation, Siemens Healthineers AG., Sony Corporation, B. Braun Melsungen AG, Eizo Corporation, LG Corporation, Stryker Corporation, Innolux Corporation, Medtronic plc Carl Zeiss, Braco N.V., Leica Microsystems (Danaher Corporation), Sharp NEC Display Solutions, Ltd., Ikegami Tsushinki, and Zimmer Biomet, among others.

Key Questions Answered in this Report:

  • What is the current market size and future potential of these products?
  • What is the current market share and growth share of the different products in the market?
  • What are the guidelines implemented by different government bodies to regulate the approval of 4K medical imaging market?
  • What are the major market drivers, restraints, and opportunities in the global 4K-medical imaging market?
  • What is the impact of the COVID-19 pandemic on the market?
  • Which technology is being researched and worked upon to improve the 4K-medical imaging systems?
  • Who are the leading players dominating the global 4K-medical imaging market?
  • What are the key development and strategies incorporated by the players of global 4K-medical imaging market, to sustain the competition and retain their supremacy?

Overview on the Global 4K Medical Imaging Market

The global 4K medical imaging market is currently witnessing a significant change in the market landscape. There is a rising investment in the development of healthcare infrastructure, increasing evidence for efficient and promising results in treatment and diagnosis assistance. Moreover, there is an extensive entry of emerging players developing advanced imaging and visualization systems into the healthcare space. All these predominant factors have led to a significant rise in sales of 4K medical imaging systems across the globe.

Global 4K Medical Imaging Market Forecast, 2020-2030

The global 4K medical imaging market was valued at $822.1 million in 2019 and is anticipated to reach $2,399.9 million by 2030, growing at a CAGR of 12.2% during the forecast period 2020-2030. The increasing demand for superior visualization quality for medical field, and availability of technologically advanced products in the field of high-definition medical imaging, and the increasing incidences of chronic health conditions have driven the growth of the global 4K medical imaging market, huge R&D investments, among others, are the major factors fueling the market growth. In addition to these factors, there are significant challenges and restraints, which are restricting market growth. These challenges include the physicians’ reluctance toward the adoption of advanced technologies such as 4K imaging. Hence, it is anticipated that these trends will have a significant impact on the 4K medical imaging market in the next five years, and the market will grow multifold.

Competitive Landscape

The global 4K medical imaging market consists of numerous large-scale as well as small-scale manufacturers and vendors. Presently, the manufacturers in the market have an ample number of opportunities to expand their offerings and establish a strong foothold in the market.

During January 2015-November 2020, the market witnessed approximately 38 partnership, alliance, and business expansion, two regulatory and legal activities, 49 new offerings, and five mergers and acquisitions in the past five years (2015-2020). New offerings were among the most frequently followed strategies that were incorporated by numerous players to establish a strong foothold in the market.

Most of the manufacturers in the market are incorporating collaborations and partnerships with not only other companies but also the university and research institutions as the key strategies to develop novel 4K medical imaging systems and attain a strong financial position in the market.

Moreover, the leading imaging modality providers in the global 4K medical imaging market include Olympus Corporation, Siemens Healthineers AG., Sony Corporation, B. Braun Melsungen AG, Eizo Corporation, LG Corporation, Stryker Corporation, Innolux Corporation, Medtronic plc Carl Zeiss, Braco N.V., Leica Microsystems (Danaher Corporation), Sharp NEC Display Solutions, Ltd., Ikegami Tsushinki, and Zimmer Biomet, among others.

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

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