Market Overview
Market Research Future (MRFR) believes that the medical holography market can thrive at a stunning rate of 33.7% over the analysis period (2019-2025).
Primary Drivers and Impediments
Despite the fact that the medical holography industry is still in the embryonic stage, it showcases the potential to be a game-changer for the medical imaging sector in the near future. Medical holography is a crucial aspect of molecular imaging in preclinical research and clinical diagnostics in numerous therapeutic areas. Given the potential use-cases of holography in interventional and diagnostic imaging fields, a number of research activities are underway, which should foster the growth prospects of the global market.
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Accelerated number of R&D activities initiated by biotechnological and pharmaceutical firms seem to be solidifying the foundation for biomedical researches. The surge in R&D initiatives should work in favor of the global market. Introduction of holographic interaction and visualization technologies that facilitate non-invasive surgeries and improve the safety profile can benefit the global market. Medical holography technology helps yield enhanced patient outcomes, and is therefore, likely to experience higher demand among patients as well as physicians in the future. Technological developments including inclusion of miniaturized light emitting diodes and innovative pico-like projectors for delivery of highly clear holographic images should also foster the demand in the years to come.
Segmental Status
Product, application and end user are the major segments as per which the medical holography market has been considered in the MRFR study.
Key products highlighted in the report are holography microscopes, holographic displays, holography software, holoscopes and holographic prints. The lead has been taken by holographic displays, as these find widespread use in medical education and diagnostic imaging.
Top applications of medical holography are medical imaging (dentistry, ophthalmology, orthopedics, urology, and others), biomedical research and medical education. Medical imaging could emerge as the fastest advancing segment in the market owing to the surging burden of various chronic disorders, which boosts the application scope of holography technology.
Key end users are academic medical centers, hospitals and clinics, pharmaceutical and biotechnology companies and research laboratories.
Regional Study
The global market can be regionally categorized into APAC or Asia Pacific, the Americas, MEA or Middle East & Africa and Europe.
America should prevail as the most profitable market for medical holography in the coming years, on account of high frequency of research activities conducted by most of the established firms in the region. Rising healthcare spending and increased adoption of modern technologies over conventional methods can also boost the influx of medical holographic products in the region. Mounting burden of various diseases as well as the rise in clinical urgency with respect to screening technologies like medical holography and their high accessibility in the region also foster market growth in the region.
The European market exhibits significant growth potential and should maintain its steady pace backed by the presence of a developed healthcare sector and the surge in clinical use cases of holography products. Medical imaging, digital holograms and holographic display technology are increasingly being used in the education sector and also in hospital teaching. With growing emphasis on structural biology across various medical schools, major players are striving to design advanced holographic prints as well as holography software that facilitate effective medical teaching. Besides, players are working on developing 3D kits for doctors and medical students to carry out efficient practice dissections and surgeries without the need for actual organs and bodies.
The APAC market is expanding at a consistent rate and should reach new heights over the review period, thanks to the extensive deployment of advanced holography products in several medical facilities as well as the surge in government efforts aimed at healthcare development. With growth in investments in medical facilities, technological advances in surgical rooms and emerging trend of personalized medicines, the medical holography market in Asia Pacific is bound to witness rapid growth in the next few years.
Reputed Vendors
Top companies active in the global market for medical holography include Lyncée Tec SA, EON Reality Inc., Realview Imaging Ltd., Zebra Imaging, Inc., Echopixel, Nanolive SA, Mach7 Technologies Limited, Zspace, Inc., Ovizio Imaging Systems NV/SA, Holoxica Limited, to mention a few.
Latest News
November 2020
Holoxica has completed the initial development stage of the 3D holographic system (first ever glasses-free technology) for healthcare professionals. The COVID-19 outbreak has forced patients to opt for remote healthcare, which is why Holoxica has designed its latest holistic 3D system, Holo-medicine, for enhanced remote consultations. The medical holography system helps make the health conditions as well as the surgical procedures clearer, while bringing down the stress faced by the healthcare system.
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