MEDICAL PANEL PC MARKET REPORT OVERVIEW
The Global Medical Panel PC Market Size was estimated at USD 303.53 million in 2023 and is projected to reach USD 403.00 million by 2032, exhibiting a CAGR of 3.20% during the forecast period.
The Medical Panel PC Market includes specialized computer equipment used for a variety of medical applications, such as patient monitoring, medical imaging, electronic medical records (EMR), and surgical navigation. These Panel PCs combine display displays with sophisticated processing capabilities to provide real-time data visualization, analysis, and documentation in healthcare environments. These gadgets frequently have antimicrobial coatings, durable construction, and interoperability with medical software platforms.
COVID-19 Impact: SUPPLY AND LOCKDOWN LIMITS TO IMPEDE MARKET ADVANCEMENT.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
Beginning in 2021, the COVID-19 sickness spread over the world, infecting millions of people in total, and major governments around the world issued directives for work stoppages and foot restrictions. With the exception of organizations that supply medical supplies and life support equipment, the majority of efforts have suffered significant setbacks. The lockout had a severe influence on the market's application programming interface, causing medical activity to be temporarily paused or suspended. The medical panel PC industry was eventually considerably influenced by limits associated with fewer industrial operations, a more constricted supply chain, a smaller number of workers, and closures.
LATEST TRENDS
Increased System Feature Availability to Stimulate Market Development.
The Medical Panel PCs may even help stabilize fluctuations in the body; they are encoded to alert nurses and physicians of fluctuations that pose a risk to the patient's health; they allow physicians to track more patients without physically attending when it is unnecessary; and they can detect and record changes such as blood pressure, pulse, and oxygen levels. The medical board's PC monitors identify breathing pauses and prevent oxygen deficit. The monitor technology detects problems with the electrical impulses in the patient's heart and displays this behavior on the computer monitor as waves made primarily of spikes and dips.
MEDICAL PANEL PC MARKET SEGMENTATION
By Type
Based on type the market can be categorized into below 15 Inch, 15-17 Inch, 17-21 Inch, 21-24 Inch.
- Below 15 Inch: Panel PCs in this size range are appropriate for applications that require space-saving solutions, such as mobility carts, bedside terminals, and point-of-care stations.
- Compact Panel PCs with screens of less than 15 inches allow healthcare practitioners to easily access patient information, prescription data, and treatment plans at the bedside or point of care.
- 15-17 Inches: 15–17-inch panel PCs provide a good blend of screen size and compactness, making them ideal for medical applications such as EMR access, diagnostic viewing, and patient monitoring.
- 17-21 Inches: Panel PCs with display sizes of 17-21 inches are ideal for medical imaging applications including radiology, cardiology, and pathology that need precise picture and anatomical visualization.
- 21-24 inches. Panel PCs of this size are extensively used in surgical theatres, interventional suites, and operating rooms to show surgical navigation systems, intraoperative imaging, and procedural guidance.
By Application
Based on application the market can be categorized into Hospital and Clinic.
- Hospital: Panel PCs are commonly used in hospitals for surgical navigation, intraoperative image presentation, and real-time procedural guiding.
- Panel PCs are used in hospital wards and intensive care units (ICUs) as patient monitoring systems, showing vital signs, medical data, and alerts to healthcare workers to allow for rapid intervention and patient management.
- Clinic: Clinics use panel PCs for outpatient services such as consultations, examinations, and procedures. Healthcare personnel use them to retrieve patient information, enter results, and discuss treatment plans.
DRIVING FACTORS
Expanding the applications of robotic surgical systems to help the market growth
Robotic Surgical Systems are computer-assisted surgical procedures. More elaborate and complicated surgeries not only involve computers, but also rely on them to offer faster and more accurate outcomes in all medical treatments. Most surgeons employ a variety of instruments with the robotic surgery system, including robotic-assisted surgical systems, which enable the surgeon to control and steer the surgical equipment during microsurgical procedures. The system's three components are the console, the bedside cart, and a supplemental cart that contains supporting hardware and software.
Diversification of Software Programs to Promote Industry Progress
Many gadgets are used to assist hearing-impaired people in hearing, and many computerized equipment is used to measure patients' hypertension, heartbeat, and brain. Machines can accelerate the intended probing and analysis of cells and germs, revealing a greater understanding of the person's body. There are multiple software applications available to store various diseases and their symptoms, disease diagnosis is possible by entering the patient's symptoms, and different computerized devices are used in laboratories for various blood tests, among other things. The hospital monitoring system is based on computerized programming.
RESTRAINING FACTOR
High treatment costs will impede market advancement
One disadvantage of medical technology or medical panel PCs is the increased expense of therapy. Almost all technology treatments and procedures, including robotic surgery and other sorts of technological machinery surgeries, are highly costly. The majority of the clientele come from rural regions and are destitute. Poor patients cannot afford pricey surgeries. Technology has enhanced health care, but it has also raised the cost. The afflicted are unable to pay. Engineers and programmers design the technology equipment and medical panel PCs used in hospitals for patient care and monitoring. Nobody can retrieve the data or rectify the operation of the monitor since the machine demands high technical knowledge.
MEDICAL PANEL PC MARKET REGIONAL INSIGHTS
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Increased Use of Smart Devices to Drive Market Advancement in North America
The entire medical panel PC market in North America is expected to grow rapidly as technology advances. Because of the rising demand for electronic medical monitor devices by the majority of the industry, the regional market is expected to grow rapidly. In terms of revenue, North America dominated the global market in 2020. Because of the significant demand for large-screen monitors and their expanding usage, the region is likely to retain its dominance during the projection period.
KEY INDUSTRY PLAYERS
Key Industry Players to Promote Market Expansion
Market participants' latest techniques, such as extensions, have had a substantial impact on the industry's growth. The report includes facts and information on the firms and their interactions with the marketplace. Other characteristics examined for this market include enterprises that create and deliver new goods, the places in which they operate, mechanization, inventive procedures, generating the most money, and utilizing their products to have a major social effect.
List of Market Players Profiled
- Advantech (Taiwan)
- Cybernet (U.S.)
- Kontron (Germany)
- Onyx Healthcare (Taiwan)
- Avalue (Taiwan)
INDUSTRIAL DEVELOPMENT
January, 2023: On January 15, 2023, Advantech, a major developer of industrial computing solutions, announced the launching of new medical-grade Panel PCs with increased processing capability and networking choices. These Panel PCs are particularly intended to satisfy the demanding needs of healthcare facilities, providing strong performance, dependability, and adherence to medical safety regulations such as IEC 60601-1.
REPORT COVERAGE
The medical panel PC market study report monitors major rivals via situation planning, regional and macro sales trends and scenario analysis, price analysis, and a thorough assessment of market circumstances during the projected period. It is comprehensive research that examines fundamental and additional elements, consumer base, top categories, and geographical analysis. The study also looks at major players, large partnerships, mergers and acquisitions, as well as emerging innovation and corporate policy.
