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.
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.
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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