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DUBLIN--(BUSINESS WIRE)--Nov 10, 2022--
The "Medical Displays: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Medical Displays estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027.
LED-Backlit LCD, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$1.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the CCFL-Backlit LCD segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $552.6 Million, While China is Forecast to Grow at 8.5% CAGR
The Medical Displays market in the U.S. is estimated at US$552.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$599.1 Million by the year 2027 trailing a CAGR of 8.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$387.6 Million by the year 2027.
OLED Segment to Record 5.7% CAGR
In the global OLED segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$427.6 Million in the year 2020 will reach a projected size of US$615.2 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.2% CAGR through the analysis period.
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What's New for 2022?
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/c8k61k
View source version on businesswire.com:https://www.businesswire.com/news/home/20221110005574/en/
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KEYWORD:
INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/10/2022 05:45 AM/DISC: 11/10/2022 05:46 AM
http://www.businesswire.com/news/home/20221110005574/en