Medical Holography Market Size Worth $987 Million by 2025 | CAGR: 31.3%

Medical Holography Market Size Worth $987 Million by 2025 | CAGR: 31.3%
Global Medical Holography Market was worth USD 253 million in 2016 and estimated to be
growing at a CAGR of 31.3%, to reach USD 987 million by 2021. Medical Holography enables
medical professionals to have a three dimensional view of the interior of a patient. This
enables doctors to examine vital organs of a body on a desktop screen without having to cut
through the body. By using this technology, doctors can manipulate, view and dissect body
parts which are recreated above a desktop screen. This extremely high growth rate can be
attributed to its usefulness in the medical field and has a lot of scope for growth since it’s an
emerging field.
In the current days, doctors need to construct a three dimensional image using their
imagination from a set of two dimensional images to evaluate a patient’s health status. They
need to invest significant amount of effort to create the mental images, hence this technology
can enable them to diagnose more easily and quickly. It also enables them to get a 3D view
of abnormal structures of body, like the mess of broken bones and ribcages of someone
involved in a road accident. Heart conditions in very young people can be treated much more
easily and precisely, since structures like aneurisms, narrowings and congenital
abnormalities are difficult to visualize. Technologies for virtual colonoscopy are being
developed which is an alternative to an uncomfortable and gut-bacteria damaging method of
inserting a colonoscope inside the body.
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The Global Medical Holography market is driven by factors like rising adoption of holography
in medical and biomedical research, emergence of holography as a useful technology in
representing abnormal 3D structures and growth in the applications of holography in medical
field. However, this field is constrained by factors like high price of equipment & computation
of holographs and a few systems rendering imprecise holographs.
The Global Medical Holography market is segmented on the basis of product type into
holographic displays, holographic prints, holography microscopes, holoscopes and
holography software. By application, the market is segmented into medical imaging,
biomedical research and medical education. On the basis of end users, the market is
categorised into research laboratories, hospitals and clinics, academic medical centres and
pharmaceutical and biotechnology companies.
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The Global Medical Holography market is divided based on geography into North America,
Latin America, Asia-Pacific, Middle East and Africa and Europe. North America holds the
largest market share in the world and is also the fastest growing region, as a result of early
acceptance and adoption of holography, growing investment for innovation in the medical
field and better accessibility of technologies in the region. Europe is expected to have the
second largest share and Asia-Pacific market is expected to have second position globally
by growth.
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Some of the major players in the market include EchoPixel, Inc. (U.S.), Lyncee Tec
(Switzerland), Eon Reality (U.S.), Holografika Kft. (Hungary), Realview Imaging Ltd. (Israel),
Mach7 Technologies Pte. Ltd. (Australia), Ovizio Imaging systems (Belgium), Holoxica Ltd.
(U.K.), zSpace, Inc. (U.S.), Zebra Imaging (U.S.), and NanoLive SA (Switzerland).
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