Global Surgical Monitors Market Report and Forecast 2024-2032

Global Surgical Monitors Market Outlook

The global surgical monitors market size was valued at USD 698.67 million in 2023, driven by the rising surgical cases and technological advancements in the healthcare industry across the globe. The market is expected to grow at a CAGR of 2.1% during the forecast period of 2024-2032, with the values likely to rise from USD 713.34 million in 2024 to USD 842.37 million by 2032.

Surgical Monitors: Introduction

Surgical monitors and displays are devices that are used in operating and emergency rooms to provide high quality images of the surgical field. These devices are used in all image-guided procedures, such as endoscopy (gastrointestinal, laparoscopic, or robotic guided surgery) and interventional radiology (a procedure to obtain inside body images) and display several components like vital signs, x-rays, and patient data.

Surgical monitors are available in different shapes and sizes, catering to the different sets of procedures they might be needed in. Diagnostic displays are typically used for radiology. It is used by radiologists to view diagnostic images like X-rays, Magnetic Resonance Imaging (MRI), and Computerized Tomography (CT) scans. In image guided procedures, physicians use HD (High Definition) and ultra-HD surgical displays. Traditional surgical procedures are viewed on large format displays.

Global Surgical Monitors Market Analysis

Surgical monitors find wide application in various medical procedures, like endoscopies (where a tube is inserted into the body to capture images of internal organs), MRIs, and CT scans. Nowadays, patients are increasingly well-informed and aware about medical procedures. They are not reluctant to engage in minor surgical interventions. This shift in their perspective enables hospitals to conduct a greater number of surgical procedures which contributes to the overall surgical monitors market valueshare.

Approximately 310  million surgical cases are conducted worldwide on an annual basis. With the geriatric population steadily growing, the need for diagnostic services is also experiencing an upturn. Therefore, industry leaders are coming up with alternatives that offer an array of top-notch amenities at a budget-friendly cost. Monitors are now crafted with the convenience of easy cleaning and disinfection, accompanied by minimal noise levels to promote seamless communication within surgical teams. With such technical innovations, the surgical monitors market growth development is certain.

The future is in position to witness a rise in guided robotic surgeries and hybrid operating rooms. With their extended range of colours and contrast, the monitors are set to provide an immersive platform for heightened focus and effective learning. The exceptional clarity will ensure the minute intricacies of the procedures do not go unmissed. As a result, surgical monitors are expected to find utility in both surgical procedures and in the discipline of learning as well.

Global Surgical Monitors Market Segmentation

Market Breakup by Screen Size 

• <22.9 Inch

• 23.0 - 26.9 Inch

• 27.0 - 32.9 Inch

• 33.0 - 41.9 Inch

• >42.0 Inch

Market Breakup by Application

• Endoscopy

• Operating Room

• Others

Market Breakup by End User

• Hospitals

• Ambulatory Surgical Centre

• Clinics

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Surgical Monitors Market Overview

Around 40-50 million  surgical procedures are performed annually in the United States. This implies that North American region has been the biggest market for surgical monitors in the historical period. However, a notable shift in this trend is becoming evident, directed towards the Asian pacific region. It can be attributed to the rising focus on healthcare industry and development of medical tourism within the region.

The global landscape of medical value travel has expanded significantly, displaying a market value ranging between USD 60-80 billion . Around 14 million people travel across borders for medical tourism. This surge is driven by numerous factors like affordability and accessibility of good healthcare services, minimal waiting period, availability of latest medical technologies and accreditations. Thailand, Singapore, India, and Taiwan are some of the top destinations in terms of the number of patients for medical value travel. Consequently, we can expect the surgical monitors market demand to rise in the Asian Pacific region in upcoming years.

Global Surgical Monitors Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• SKYTRON, LLC

• Barco

• Sony Corporation

• STERIS

• Stryker

• Olympus Corporation

• EIZO INC.

• Advin Health Care

• Koninklijke Philips N.V.

• Alcon Vision LLC

Key Highlights of the Report