The Patient Monitoring and Ultrasound Devices Display Market Size is valued at USD 5.53 billion in 2023 and is predicted to reach USD 8.12 billion by the year 2031 at a 5.1% CAGR during the forecast period for 2024-2031.
The integration of patient monitoring and ultrasound device displays into healthcare practices enhances the ability of medical professionals to provide timely as well as accurate care. Advanced features and technologies continue to evolve, improving patient outcomes and efficiency in medical settings. Patient monitoring and ultrasound displays in ultrasound equipment show inside body structures, facilitating diagnosis and medical treatments. Factors such as the increasing number of long-term illnesses, technological advancements, and the need for less invasive diagnostic methods are propelling patient monitoring and ultrasound devices to display market growth in the coming years.
The increasing prevalence of long-term health problems, such as diabetes, cancer, and heart disease, has created a strong need for cutting-edge imaging technologies and systems that can continuously monitor patients. In addition, a number of factors are creating opportunities in the patient monitoring and ultrasound device display market. These include developments in telehealth solutions, improvements in the integration of AI and the Internet of Things, the expansion of healthcare infrastructure in developing nations, and a greater emphasis on home-based care. Rising healthcare technology investments and supportive government policies also bode well for future market expansion.
However, the market growth is hampered by the accessibility and affordability of ultrasound devices, which can be hindered by a lack of knowledge, manufacturing technical hurdles, and high costs. Furthermore, patient monitoring and ultrasound technologies saw a surge in demand during the COVID-19 pandemic, mainly due to the greater need for critical care and diagnostics. However, it wreaked disaster on production timelines and supply chains, which in turn slowed market growth. In addition, the demand for patient monitoring and ultrasound device displays is being propelled by the expanding pharmaceutical sectors, increased healthcare expenditure, and an ever-increasing emphasis on health promotion and disease prevention.
The overall patient monitoring and ultrasound devices display market is segmented as the device type, display type, size, display technology, and end-user. According to the device type, the market is segmented into Patient Monitoring Devices (Hemodynamic Monitoring Devices, Fetal Monitoring Devices, Cardiac Monitoring Devices, Respiratory Monitoring Devices, Remote Patient Monitoring Devices, and Others) and Ultrasound Devices (2D Ultrasound, 3D Ultrasound, 4D Ultrasound, Doppler Ultrasound). By display type, the market is segmented into interactive and non-interactive. By size, the market is segmented into <10”, 11”-20”, and 20” and above. By display technology, the market is segmented into LCD, LED, and OLED. By end-user, the market segmentation comprises hospitals, ambulatory surgical centres, diagnostic centres, and others.
The patient monitoring and ultrasound device display market is expected to lead with a large global market share. This is due to the surge in the number of people living with chronic diseases, the ageing population, and the need for constant monitoring of health status. Market expansion is being propelled by technological developments, particularly the incorporation of AI and IoT into patient monitoring systems. These devices are becoming more popular as telehealth services and home-based care solutions continue to grow.
The diagnostic centres segment in the patient monitoring and ultrasound devices display market is growing because of the rising number of people suffering from lifestyle-related illnesses who need regular diagnostic checks. This increase is driven in part by the increasing need for early and accurate disease detection and technological advancements in diagnostic equipment. Diagnostic centre expansion and advanced practice nurse acceptance are bolstered by better healthcare infrastructure, more public realisation of the importance of preventative care, and more healthcare spending.
The North American global patient monitoring and ultrasound device display market is anticipated to register the largest market revenue share in the near future. This is because of the swift uptake of cutting-edge healthcare technology and government measures that encourage healthcare innovation and provide strong support to the region. Moreover, patient monitoring and ultrasound device displays are in high need due to the ageing population and the rising incidence of long-term illnesses. In addition, the Asia Pacific is anticipated to grow rapidly in the global patient monitoring and ultrasound devices display market because this is because of developments in healthcare technology, more people living with chronic conditions, rising healthcare expenditure, more healthcare funding, and government policies that encourage research and development throughout the Asia-Pacific region.
| Report Attribute | Specifications |
| Market Size Value In 2023 | USD 5.53 Bn |
| Revenue Forecast In 2031 | USD 8.12 Bn |
| Growth Rate CAGR | CAGR of 5.1% from 2024 to 2031 |
| Quantitative Units | Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
| Historic Year | 2019 to 2023 |
| Forecast Year | 2024-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Device Type, Display Type, Size, Display Technology, And End-User |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
| Competitive Landscape | Fujifilm Holdings Corporation, GE Healthcare, Siemens Healthineers, Philips Healthcare, Shimadzu Corporation, Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Hologic, Inc., Cook Medical, Medtronic, Inc., and Zynex Medical. |
| Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Patient Monitoring And Ultrasound Devices Display Market By Device Type-
Patient Monitoring And Ultrasound Devices Display Market By Display Type-
Patient Monitoring And Ultrasound Devices Display Market By Size-
Patient Monitoring And Ultrasound Devices Display Market By Display Technology-
Patient Monitoring And Ultrasound Devices Display Market By End-User-
Patient Monitoring And Ultrasound Devices Display Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.