According to the current analysis of Reports and Data, the global Medical Holography market was valued at USD 269.7 million in 2018 and is expected to reach USD 2.09 billion by the year 2026, at a CAGR of 27.7%. Holography is a technique that provides a stereoscopic image of an object without the use of lenses. It is made up of a physical structure that diffracts light into an image. The demand for the market is majorly driven by the increased accessibility of technology along with increased investment in research and development activities, which further is expected to propel the market growth of medical holography. The adoption of the technology has rapidly increased in the medical and healthcare sector, owing to the benefits provided by this technique. These benefits include precise coordination in the diagnostic application, live image generation, detection with minimal invasion, and advanced training. Since more people prefer the technique associated with minimal invasion techniques, the demand for the device is expected to rise in the near future.
The technology can be used in the healthcare education sector, as medical holograms increase the understanding of the anatomical studies as compared to the traditional methods textbooks and printed pictures. Expanding the application of holography is expected to revolutionize the education and training sectors in the medical and healthcare industry. With an increase in the geriatric population and prevalent chronic diseases that are expected to drive the demand for medical diagnosis, medical holography technology is expected to gain importance in the coming years. Holography technology is used over a wide range of applications in the healthcare industry, which is further anticipated to drive the demand for holograms across several applications. For example, EchoPixel deploys real 3D to assist their physicians in planning surgical and interventional procedures to treat heart-related issues. Heart defects, including Aortic Stenosis, Pulmonary Stenosis, Tetralogy of Fallot, Ventricular Septal Defect, and many others, can be visualized in 3D format for planning the interventional processes. Other than the healthcare industry, it is applicable in other industries such as military mapping, information storage, security, etc.
The major factors driving the market include growing geriatric population, increasing prevalence of chronic diseases, increasing adoption of holography technology among the patients and the healthcare professionals, need for minimal or non-invasive diagnosis coupled with increase in research and development activities associated with application of holography is expected to drive the growth for medical holography. However, lack of awareness and expensive treatments, are the major hindrance for market growth during 2019-2026.
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The report provides an in-depth analysis of the key developments and innovations of the market such as research and development advancements, product launches, mergers & acquisitions, joint ventures, partnerships, government deals, and collaborations. The report offers a comprehensive assessment of key players in the market along with their global position, financial standing, business expansion plans, production and manufacturing capacity, and strategic alliances.
Key players in the market include
EchoPixel, Inc. (U.S.), Realview Imaging Ltd. (Israel), Mach7 Technologies Pte. Ltd. (Australia), Ovizio Imaging systems (Belgium), Holoxica Ltd. (U.K.), zSpace, Inc. (U.S.), Lyncee Tec (Switzerland), Eon Reality (U.S.), Zebra Imaging (U.S.), and NanoLive SA (Switzerland).
Furthermore, the report segments Medical Holography market on the basis of key product types and applications and provides details about the revenue growth, revenue CAGR, and revenue share each segment is expected to register over the forecast period.
Product Type (Revenue, USD Million; 2017–2027)
- Holographic Display,
- Holographic Microscope,
- Holographic Print,
- Holographic Software
Application Type (Revenue, USD Million; 2017–2027)
- Medical Imaging
- Medical Education
- Biomedical Research
End Use (Revenue, USD Million; 2017–2027)
- Medical Schools
- Pharmaceutical Companies
For a better understanding of the global Medical Holography market dynamics, a regional analysis of the market across key geographical areas is offered in the report. The market is spread across key geographical regions such as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Each region is analysed on the basis of the market scenario in the major countries of the regions to provide a deeper understanding of the market. It provides insights into production and consumption patterns, supply and demand ratio, export/import, current and emerging trends and demands, market share, market size, revenue contribution, and presence of key players in each region.
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In-depth regional analysis includes:
- North America (U.S., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of EU)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of the Global Medical Holography Report:
- Comprehensive analysis of the opportunities and risks of the Medical Holography market
- Detailed study of the latest product and technological developments and innovations of the Medical Holography market
- Business strategies and plans are analysed for understanding the Medical Holography market scenario
- Revenue forecast of Medical Holography market for the forecast period 2020-2027
- Comprehensive analysis of the drivers, constraints, limitations, challenges, and opportunities
- Latest and emerging market trends analysis and their impact on product and application demand
- Study of recent M&A, joint ventures, collaborations, partnerships, product launches and brand promotions among others
- Extensive SWOT analysis and Porter’s Five Forces analysis along with investment return analysis and feasibility
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