Latin America Medical Holography Market was worth USD 22.7 million in 2016 and estimated to be growing at a CAGR of 29.16%, to reach USD 82 million by 2021.
Medical Holography is the technology by which medical professionals can generate three dimensional structures of the interior organs inside the body of a patient. This assists doctors in inspecting the organs of a body on a desktop screen, preventing the requirement for dissecting through the body.
Using this technology, doctors can manipulate, dissect and view internal organs, which are rebuilt above a desktop screen. The high growth rate of this market can be attributed to its usefulness in the medical field.
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Medical professionals currently build a three dimensional model in their mind from a set of two dimensional images of internal organs of patients. Significant efforts need to be invested to imagine the 3D structure which can be prevented with this technology.
It also assists them in getting a 3D view of abnormal structures like the jumble of ribcages and broken bones of someone injured in a road accident. Development of technologies for virtual colonoscopy is under progress, by which the uncomfortable method of inserting a colonoscope inside the body can be avoided.
Heart ailments in very young patients can be treated with precision and ease, since structures like congenital abnormalities, narrowings and aneurisms are difficult to imagine.
The Latin America Medical Holography market is driven by growth in the applications of holography in medical field, emergence of holography as a useful technology in representing abnormal 3D structures and rising adoption of holography in medical and biomedical research. However, factors like high price of computation of holographs & equipment and some machines rendering imprecise holographs are hampering the growth of this market.
The Latin 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 Latin America Medical Holography market is divided based on geography into Brazil, Argentina, Chile and other parts in the region. The market in the region is still in its nascent stages.
Factors like rising investment in the field for innovation and efficacy of this technology in the medical field is expected to drive 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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