Phosphor Screen Market Analysis

Application (Telecommunication, Healthcare Electronics, Consumer Electronics, Research & Academia, Scientific Equipment Manufacturing)

The global phosphor screen market is segmented and analyzed for demand and supply by application into telecommunication, healthcare electronics, consumer electronics, research & academia, scientific equipment manufacturing, and others. Of these sub-segments, the consumer electronics division is expected to exhibit rapid growth owing to the increasing demand for home electronics for private and daily use for a growing global population. Besides this, the telecommunication segment is projected to grow with a robust CAGR during the forecast period, backed by the rising spending on telecommunication services from different IT companies, which cumulatively reached about USD 1.3 Trillion in the year 2019. The rising disposable income and spending capacity of people owing to the growing economic standards of countries across the world are expected to propel the growth of this segment.

The global phosphor screen market is also segmented and analyzed for demand and supply by application into telecommunication, healthcare electronics, consumer electronics, research & academia, scientific equipment manufacturing, and others. Amongst these segments, the healthcare electronics segment is expected to garner a significant share. The increasing healthcare issues and rising demand for electronic devices in the medical sector are estimated to boost the market growth. The number of people suffering from an illness that is chronic and need early diagnosis imaging equipment with advanced technology to prevent complications is expected to drive market growth. The growing geriatric population across the world with a suppressed immune system is also anticipated to have a positive impact on market growth. The increasing healthcare expenditure and rising number of hospitals across the world post-pandemic is one of the reasons for the hike in the growth of the market. The healthcare expenditure of the United States was one of the highest across the world and was estimated to be over USD 3.8 trillion as of 2020 estimations.

Our in-depth analysis of the global market includes the following segments: