Market Challenges And Opportunities

Increasing number of surgeries and diagnostic tests driving market growth

Increasing prevalence of chronic diseases such as diabetes, stroke, asthma, and obesity leads to increasing number of surgical procedures, in turn fueling growth in demand for monochrome medical monitors for application in surgical displays. According to the American Society of Plastic Surgeons, 1.7 million cosmetic surgeries were performed worldwide in 2015, which is an increase of 2% as compared to 2014. Moreover, with growing diagnostic tests and awareness among people regarding early diagnosis and treatment of diseases is also projected to fuel sales of monochrome medical monitors. However, high cost of monochrome medical monitors due to their high resolution is expected to inhibit market growth.