Global 4K Medical Imaging Market – Analysis and Forecast (2021-2027)

Industry Insight by Product Type (4K medical displays (resolution type (4K UHD (3840*2160) medical displays and 4K DCI (4096*2160) medical displays) and panel size (28” and below display panels, 28”-54” display panels, and 55” and above display panels), 4K camera systems(Component(endoscopic cameras, microscopic cameras, OR cameras, Camera Control Units (CCUs), medical recorders)), and 4K Advanced Visualization Systems (Microscopic Systems)), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The global 4K medical imaging market was USD 840.2 million in 2020 and is anticipated to reach 2,146.7 million by 2027, registering a CAGR of 11.9% during the forecast period 2021-2027. 4K is an input source, display panel, or projector that has a resolution almost four times more than that of high-definition video. The 4K technology in the healthcare field makes it easy to access images with the highest possible resolution, resulting in making precise decisions for better treatment. The global 4K medical imaging market is beholding tremendous growth owing to the increasing investment for the development of healthcare infrastructure, growing evidence for effective and good results in treatment, and for assistance in diagnosis. Moreover, the increasing adoption of minimally invasive surgical procedures, usage of hybrid operating rooms, increasing demand for advanced modalities, and enhancing reimbursement framework in emerging economies will propel the growth of the 4K medical imaging market.

The COVID-19 pandemic has led to economic turmoil, various countries are working towards game-changing improvements to protect their employees and clients. The COVID-19 has negatively affected the global 4K medical imaging market owing to disruption in the supply of imaging devices, demand for medical imaging like MRI has also gone down resulting in the reduction in the slowdown in the business for the 4K medical imaging market.

Market Segmentation

Insight by Product Type

Based on product type, the global 4K medical imaging market is divided into 4K medical displays, 4K camera systems, and 4K Advanced Visualization Systems (Microscopic Systems). The 4K medical displays are growing significantly and are having the largest share in the 4K medical imaging market owing to the fast adoption of hybrid operating rooms as it provides various advantages such as time and cost-effectiveness, integrating different facilities. Moreover, the patients’ data of different devices are shown on the desired display and provides better visualization quality will further propel the growth of the 4K medical imaging market.

The 4K medical displays market is divided into resolution type and panel size. Based on resolution type, the 4K medical display market is segmented into 4K UHD (3840*2160) medical displays and 4K DCI (4096*2160) medical displays. Based on panel size, the 4K medical display market is segmented into 28” and below display panels, 28”-54” display panels, and 55” and above display panels.

Based on component, the 4K camera system is divided into endoscopic cameras, microscopic cameras, OR cameras, Camera Control Units (CCUs), medical recorders. Endoscopic cameras are anticipated to hold the largest share in the global 4K medical imaging market owing to the rising adoption of minimally invasive surgeries.

Global 4K Medical Imaging Market Report Coverage

Industry Dynamics

Industry Trends

The rising adoption of hybrid operating rooms and integrating products of various companies into a single product are the trends in the 4K medical imaging market.

Growth Drivers

The snowballing demand for superior visualization quality for medical imaging, benefits associated with 4K Ultra High Definition (UHD) over Full High Definition (FHD), rising incidence of chronic diseases, availability of technologically advanced products in the field of high-definition (HD) medical imaging will provide better patient-centric treatment, diagnostics, and accurate decisions, resulting in the growth of 4K medical imaging market.

Challenges

There is a need for high-speed connectivity, huge capital investment, availability of low-cost refurbished medical devices, doctors' and surgeons' reluctance to adopt advanced technologies like 4K medical imaging are the challenges faced by the 4K medical imaging market.

Opportunities

The advancement in 8K imaging modalities, demand for slim and flexible design for space-saving are the opportunities in the 4K medical imaging market.

Geographic Overview

North America is anticipated to hold the largest market share in the global 4K medical imaging market owing to the rise in patient acceptance for developed technologies and the well-established healthcare industry. The mounting awareness about advantages associated with the 4K medical imaging systems market includes clarity for better display, camera to capture better details, and developed visualization system will propel the growth in the region.

Competitive Insight

The industry players are incorporating collaborations and partnerships, driving innovation, adopt digital transformations in order to sustain and have a strong foothold in the global 4K medical imaging systems market.

Sony’s NUCLeUS is supporting a 4K resolution using existing network infrastructure and offers a streamlined workflow to operate rooms and clinical spaces having direct access to imaging data from an easy-to-use central dashboard.

NDA, a Novanta Company, has launched Radiance Ultra 4K 32’ monitor that showcased a 4K Ultra-High-Definition (UHD) visualization technology i.e., bringing high-precision 4K visualization to endoscopic surgery and a range of minimally invasive operating room (OR) applications.

Some of the key players operating in the 4K medical imaging market: STERIS, B. Braun Melsungen AG, CONMED Corporation, Sony Corporation, Stryker, Siemens Healthcare GmbH, Novanta Inc., EIZO Corporation, Ikegami Tsushinki Co., Ltd., and Medtronic.

The 4K Medical Imaging Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2021–2027.

Segments Covered in the Report

• Product Type
  • 4K Medical Displays
    • Resolution Type
      • 4K UHD (3840*2160) Medical Displays
      • 4K DCI (4096*2160) Medical Displays
    • Panel Size
      • 28” and Below Display Panels
      • 28”-54” Display Panels
      • 55” and Above Display Panels
  • 4K Camera Systems
    • Component
      • Endoscopic Cameras
      • Microscopic Cameras
      • OR Cameras
      • Camera Control Units (CCUs)
      • Medical Recorders
  • 4K Advanced Visualization Systems (Microscopic Systems)

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZResearch

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Product Type
                1.2.2.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2027

5.    Market Segmentation Estimate and Forecast

        5.1.    By Product Type
                5.1.1.    4K Medical Displays  
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2027  
                                5.1.1.2.1. Resolution Type
                                        5.1.1.2.1.1. 4K UHD (3840*2160) Medical Displays
                                        5.1.1.2.1.2. 4K DCI (4096*2160) Medical Displays
                                5.1.1.2.2. Panel Size
                                        5.1.1.2.2.1. 28” and Below Display Panels
                                        5.1.1.2.2.2. 28”-54” Display Panels
                                        5.1.1.2.2.3. 55” and Above Display Panels
                5.1.2.    4K Camera Systems
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2027
                                5.1.2.2.1. Component
                                        5.1.2.2.1.1. Endoscopic Cameras
                                        5.1.2.2.1.2. Microscopic Cameras
                                        5.1.2.2.1.3. OR Cameras
                                        5.1.2.2.1.4. Camera Control Units (CCUs)
                                        5.1.2.2.1.5. Medical Recorders
                5.1.3.    4K Advanced Visualization Systems (Microscopic Systems)
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2027
        
6.    North America Market Estimate and Forecast

        6.1.    By Product Type
        6.2.    By Country
                6.2.1.    U.S. Market Estimate and Forecast
                6.2.2.    Canada Market Estimate and Forecast
                6.2.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Product Type
        7.2.    By Country
                7.2.1.    Germany Market Estimate and Forecast
                7.2.2.    France Market Estimate and Forecast
                7.2.3.    U.K. Market Estimate and Forecast
                7.2.4.    Italy Market Estimate and Forecast
                7.2.5.    Spain Market Estimate and Forecast
                7.2.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Product Type
        8.2.    By Country
                8.2.1.    China Market Estimate and Forecast
                8.2.2.    Japan Market Estimate and Forecast
                8.2.3.    India Market Estimate and Forecast
                8.2.4.    South Korea Market Estimate and Forecast
                8.2.5.    Singapore Market Estimate and Forecast
                8.2.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Product Type
        9.2.    By Country
                9.2.1.    Brazil Market Estimate and Forecast
                9.2.2.    Saudi Arabia Market Estimate and Forecast
                9.2.3.    South Africa Market Estimate and Forecast
                9.2.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    STERIS
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    B. Braun Melsungen AG
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    CONMED Corporation
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Sony Corporation
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Stryker
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Siemens Healthcare GmbH
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Novanta Inc.
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    EIZO Corporation
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Ikegami Tsushinki Co., Ltd.
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Medtronic
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global 4K Medical Imaging Market Size, By Product Type, 2015-2020 (USD Million)
Table 5 Global 4K Medical Imaging Market Size, By Product Type, 2021–2027 (USD Million)
Table 6 Global 4K Medical Imaging Market Size, by Region, 2015-2020 (USD Million)
Table 7 Global 4K Medical Imaging Market Size, by Region, 2021–2027 (USD Million)
Table 8 North America 4K Medical Imaging Market Size, By Product Type, 2015-2020 (USD Million)
Table 9 North America 4K Medical Imaging Market Size, By Product Type, 2021–2027 (USD Million)
Table 10 North America 4K Medical Imaging Market Size, by Region, 2015-2020 (USD Million)
Table 11 North America 4K Medical Imaging Market Size, by Region, 2021–2027 (USD Million)
Table 12 Europe 4K Medical Imaging Market Size, By Product Type, 2015-2020 (USD Million)
Table 13 Europe 4K Medical Imaging Market Size, By Product Type, 2021–2027 (USD Million)
Table 14 Europe 4K Medical Imaging Market Size, by Region, 2015-2020 (USD Million)
Table 15 Europe 4K Medical Imaging Market Size, by Region, 2021–2027 (USD Million)
Table 16 Asia-Pacific 4K Medical Imaging Market Size, By Product Type, 2015-2020 (USD Million)
Table 17 Asia-Pacific 4K Medical Imaging Market Size, By Product Type, 2021–2027 (USD Million)
Table 18 Asia-Pacific 4K Medical Imaging Market Size, by Region, 2015-2020 (USD Million)
Table 19 Asia-Pacific 4K Medical Imaging Market Size, by Region, 2021–2027 (USD Million)
Table 20 RoW 4K Medical Imaging Market Size, By Product Type, 2015-2020 (USD Million)
Table 21 RoW 4K Medical Imaging Market Size, By Product Type, 2021–2027 (USD Million)
Table 22 RoW 4K Medical Imaging Market Size, by Region, 2015-2020 (USD Million)
Table 23 RoW 4K Medical Imaging Market Size, by Region, 2021–2027 (USD Million)
Table 24 Snapshot – STERIS
Table 25 Snapshot – B. Braun Melsungen AG
Table 26 Snapshot – CONMED Corporation
Table 27 Snapshot – Sony Corporation
Table 28 Snapshot – Stryker
Table 29 Snapshot – Siemens Healthcare GmbH
Table 30 Snapshot – Novanta Inc.
Table 31 Snapshot – EIZO Corporation
Table 32 Snapshot – Ikegami Tsushinki Co., Ltd.
Table 33 Snapshot – Medtronic

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global 4K Medical Imaging Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global 4K Medical Imaging Market Highlight
Figure 12 Global 4K Medical Imaging Market Size, By Product Type, 2015-2027 (USD Million)
Figure 13 Global 4K Medical Imaging Market Size, by Region, 2015-2027 (USD Million)
Figure 14 North America 4K Medical Imaging Market Highlight
Figure 15 North America 4K Medical Imaging Market Size, By Product Type, 2015-2027 (USD Million)
Figure 16 North America 4K Medical Imaging Market Size, by Region, 2015-2027 (USD Million)
Figure 17 Europe 4K Medical Imaging Market Highlight
Figure 18 Europe 4K Medical Imaging Market Size, By Product Type, 2015-2027 (USD Million)
Figure 19 Europe 4K Medical Imaging Market Size, by Region, 2015-2027 (USD Million)
Figure 20 Asia-Pacific 4K Medical Imaging Market Highlight
Figure 21 Asia-Pacific 4K Medical Imaging Market Size, By Product Type, 2015-2027 (USD Million)
Figure 22 Asia-Pacific 4K Medical Imaging Market Size, by Region, 2015-2027 (USD Million)
Figure 23 RoW 4K Medical Imaging Market Highlight
Figure 24 RoW 4K Medical Imaging Market Size, By Product Type, 2015-2027 (USD Million)
Figure 25 RoW 4K Medical Imaging Market Size, by Region, 2015-2027 (USD Million)