The North America Medical Holography Market was worth USD 96 million in 2016 and estimated to be growing at a CAGR of 32.46%, to reach USD 392 million by 2021.
Medical Holography assists professionals in the medical field to get a three dimensional view of the interior organs of a patient. This helps doctors to assess vital organs of a body on a desktop screen prevents the task of cutting through the body.
By the use of this technology, doctors can view, manipulate and dissect internal organs, recreated above a desktop screen. The extremely high growth rate in the market can be attributed to its efficacy in the medical field and has a high potential since it’s an emerging field.
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Currently, medical professionals have to construct a three dimensional image in their mind from a set of two dimensional images to assess a patient’s health status. A significant amount of effort is to be put to imagine the three dimensional structure, hence this technology is of great help to them.
It also aids them to get a 3D view of abnormal structures like the mess of broken bones and ribcages of someone involved in a road accident. Heart diseases in very young people can be treated with precision and ease, since structures like narrowings, aneurisms and congenital abnormalities are hard to visualize.
Technologies for virtual colonoscopy are being developed which is an alternative to an unpopular method of inserting a colonoscope inside the body.
The driving factors of North America Medical Holography market are emergence of holography as a useful technology in representing abnormal 3D structures, rising adoption of holography in medical and biomedical research and growth in the applications of holography in medical field. However, this field is restrained by factors like high price of computation of holographs & equipment and some machines rendering imprecise holographs.
The North America 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 North America Medical Holography market is divided based on geography into United States, Canada and Mexico. North America has the largest market in the world and is also the fastest growing.
In the North America region, United States has the largest share. Factors like rising investments for innovation in the field and efficacy of devices in the medical field is expected to propel the market growth in the region.
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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