A Research Study Titled, “Medical Holography Market by Product, Application, and End User – Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the medical holography market is projected to be around $4 billion by 2025.
The key strategy adopted by the major players operating in the global medical holography market is product development. For instance, August 2017, RealView Imaging Ltd., an Israel based company focusing on development of interactive live holography technology announced the adoption of Intel RealSense technology for its HOLOSCOPE-I, holographic augmented reality medical system. By the integration of Intel RealSense SR300-series camera, the HOLOSCOPE-I system can enable close-range, direct manipulation of holograms.
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Some of the key players in the overall medical holography market are, EchoPixel, Inc., Ovizio Imaging Systems NV/SA, RealView Imaging Ltd., zSpace, Inc., Holoxica Limited, Nanolive SA, Zebra Imaging, Lyncée Tec SA, Holografika Kft and Phase Holographic Imaging PHI AB.
Industry Trend Analysis:
The global medical holography market is expected to be around $4 billion by 2025. Some of the key factors driving the market growth are, advancements in holographic display technology, increasing adoption of holography products in medical education and different medical sectors such as orthopedics, surgical procedures, cardiac electrophysiology and dentistry. As holography products can efficiently display complex 3D structures, physicians can effectively analyze different parts in the human body that are otherwise, not easily accessible. As such imaging technology aids in-depth analysis of disease progression, the demand for holography products by the healthcare sector is expected to substantially increase in coming years. However, high cost of holography products can limit their adoption by small and medium scale healthcare organizations, thus restraining the market growth.
Product Outlook and Trend Analysis:
Holographic displays segment held the largest share of the global medical holography market in 2016 due to the large scale adoption of holographic displays for viewing 3-dimensional images in biomedical research applications as well as in medical education. As these devices facilitate advanced medical training and real-time generation of 3D images, their penetration is expected to significantly increase during the forecast period.
Application Outlook and Trend Analysis:
Biomedical research segment held the major share of the overall medical holography market in 2016 whereas, medical education segment is expected to exhibit lucrative growth during the forecast period. As complex information can be represented efficiently in 3-dimentional models using holographic products, medical education sector is expected to hugely benefit by the adoption of such products in coming years.
Medical Holography Market, By Product: Holographic Displays, Touchable Displays, Laser Displays, Semi-transparent Displays, Piston Displays, Holographic Prints, Holographic Microscopes, Holographic Software, Other Holography Products
Medical Holography Market, By Application:
Medical Holography Market, By End User:
Academic Medical Centers
Hospitals and Clinics
Pharmaceutical and Biotechnology Companies
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End User Outlook and Trend Analysis:
Research laboratories segment dominated the global market for medical holography in 2016 owing to the large scale adoption of holography products for applications such as cell imaging and phase contrast imaging. As holography products can render detailed images of complex cellular structures, researchers are rapidly adopting these products for advanced research activities.
Medical Holography Market, By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Regional Outlook and Trend Analysis:
North America accounted for a majority share of the global medical holography market in 2016 owing to the large scale research undertakings related to holography products and their applications along with presence of major players in the region. Due to the rapid acceptance of holography technology by the healthcare sector in North America, this regional market is expected to witness favorable growth over the forecast period. The Asia-Pacific medical holography market is projected to exhibit significant growth during the forecast period due to increasing healthcare expenditure in countries such as China, Japan, and India along with increased awareness related to the advantages of holography technology among the medial professionals in the region.
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Medical Holography Market, LoT:
Table 1.Medical Holography Market, By Product ($Million), 2016-2025
Table 2.Holographic Displays Market, By Type ($Million), 2016-2025
Table 3.Holographic Displays Market, By Region ($Million), 2016-2025
Table 4.Touchable Displays Market, By Region ($Million), 2016-2025
Table 5.Laser Displays Market, By Region ($Million), 2016-2025
Medical Holography Market, LoF:
Figure 1.Global Medical Holography Market Share, By Product, 2016 & 2025 ($Million)
Figure 2Medical Holography Market Share, By Application, 2016 & 2025 ($Million)
Figure 3.Medical Holography Market Share, By End User, 2016 & 2025 ($Million)
Figure 4.Medical Holography Market, By Region, 2016 & 2025 ($Million)
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Key Findings of the Research Study:
• In 2016, holographic displays segment held a majority share of the medical holography market due to the extensive adoption of holographic display products in fields such as medical education and biological research applications. Moreover, ongoing technological advancements in these products will further contribute to the acceptance of these devices in coming years.
• Biomedical research segment dominated the medical holography market in terms of applications of holography technology owing to large scale adoption for holographic interferometric applications in biomedical research. Holography technology enables digital 3D representation of cells, DNA and entire human organs that can be printed holographically for advanced analysis.
• Medical imaging applications will experience favorable growth during the forecast period owing to the increasing awareness regarding their benefits among the medical community leading to adoption of holography products for clinical applications.
• North America held over one-third share of the global medical holography market in 2016 due to significant investment in research and development of holography technology along with the presence of prominent market players in the region.
• Asia-Pacific medical holography market is expected to exhibit lucrative growth with double-digit CAGR during the forecast period owing to increasing focus on advancement of healthcare infrastructure supported by increasing healthcare expenditure.
TO BE CONTINUED…
About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customised research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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