Global 4K Medical Imaging Market to Grow at 12% CAGR from 2021 - 2027
Global 4K Medical Imaging Market is driven by the several benefits offered by Increasing Healthcare Expenditure and Higher Resolution Images
According to the latest report by Renub Research, “4K Medical Imaging Market, Share, Global Forecast 2022-2027, Industry Trends, Growth, Size, Impact of COVID-19, Company Analysis” the 4K Medical Imaging Market is expected to be USD 1.7 Billion by 2027. Digital medical imaging technology has grown rapidly in the last few decades and is widely used as a medical diagnostic tool. The medical enterprise is in the throes of entering a unique epoch in imaging technology. Healthcare specialists are upgrading to ultra-high-definition 4K resolution as innovative technology delivers four times more clarity than high definition. 4K imaging is a display panel that delivers high-definition video.The 4K technology has changed the perspective of the healthcare sector. The technology allows access of images that will ultimately help in providing efficient treatment.
Further, imagine seeing tissue, blood vessels, and organs in detail in richer detail than full HD. The sharper 4K picture provides a more real-to-life clarity of color and detail, making microsurgical crucial in minimally invasive and general surgery procedures. Now everyone in the OR (operating room) can have a better realistic view of the procedure. Video and still images caught and displayed in 4K give surgeons and clinical staff enhanced perception of fine details during complex procedures with virtually no pixilation.
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Factors Influencing the 4K Medical Imaging Industries
• The increasing need for hybrid operational rooms is the primary factor that will benefit the global 4K medical imaging industry.
• Rising healthcare expenditure is forecast to offer ample opportunities for companies flourishing in the global .
• The 4K medical imaging market is witnessing increasing demand for visualization quality for medical imaging. Furthermore, growing cases of chronic diseases increase the demand for technologically advanced products.
• The rising demand for flexible designs of 4K medical imaging technology will propel the market growth during the forecast period.
COVID-19 Impact on 4K Medical Imaging Growth Rate
The COVID-19 pandemic has resulted in economic disruption for various countries. This worldwide pandemic has suddenly burdened the healthcare bodies and caused the governments to focus on the COVID-19 related healthcare infrastructure. Due to this the demand for 4K imaging technologies has decreased for a short period of time. Disruptions in the supply chain also reduced market development. Due to labor unavailability and raw materials, various manufacturing companies had to halt the activities. Therefore, it impacted the global 4K medical imaging industry.
Worldwide 4K Medical Imaging Market Size was USD 855.8 Million in 2021
Based on type, the 4K medical imaging market is segmented into 4K camera systems, 4K medical displays, and 4K Advanced Visualization Systems (Microscopic Systems). The 4K medical displays are growing immensely in the 4K medical imaging industry due to the fast adoption of hybrid operating rooms. It provides various advantages such as integrating different facilities, time, and cost-effectiveness. Similarly, the patients’ data of other devices are displayed on the desired display and offers better visualization quality, further propelling the blossoming of the 4K medical imaging market. Likewise, the 4K medical display market includes medical displays 4K UHD (3840*2160) and 4K DCI (4096*2160) medical displays.
North America 4K Medical Imaging Market is Driving the Growth Worldwide
Geographically, North America is the most considerable market for 4K medical imaging, owing to the growing demand for advanced technology in the region healthcare sector. In addition, favorable government initiatives increased healthcare expenditure, and prominent players like STERIS would contribute to the market development. The rising awareness about the benefits and high-resolution properties of 4K medical imaging technology further boosts the devices' demand. Moreover, the increasing geriatric population and the growing prevalence of chronic diseases will benefit the regional market.
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The primary players covered in the 4K medical imaging industry are Sony Corporation, B. Braun Melsungen, Stryker Corporation, Smith & Nephew plc, Eizo Corporation, Stryker, Conmed Corporation, Medtronic plc, Siemens Healthineers, Zimmer Biomet Holdings, Inc.
• Type - We have covered Market breakup by 4 viewpoints by type (4K Display, 4KIP Cameras, 4K Advanced Visualization Systems, and Others (4K Surgical Recorder, 4K Surgical Monitors)
• End User - Our Report covers by End Users in the 3 viewpoints (Hospitals, Diagnostic Centers and Others)
• Region - This Report covers Global 4K Medical Imaging Market breakup by 4 Region ( North America, Europe, Asia- Pacific and Rest of World)
• The key companies have been covered from 3 Viewpoints (Recent Development, Overview, and Revenue Analysis) Sony Corporation, B. Braun Melsungen, Stryker Corporation, Smith & Nephew plc, Eizo Corporation, Stryker, Conmed Corporation, Medtronic plc, Siemens Healthineers, Zimmer Biomet Holdings, Inc.
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