Medical Holography Market Predicted to Garner USD 1998 Mn By 2032, At CAGR 28.3% | Market.us
The adoption of holography technology is on the rise among both patients and healthcare professionals. North America is Expected to Dominate with 35% the Worldwide Market Share
New York, April 14, 2023 (GLOBE NEWSWIRE) — The Global Medical Holography Market is projected to grow from US$ 952 million in 2022 to US$ 1998 million in 2032. This market is estimated to register a CAGR of 28.3%. Intricate 3-D structures are created by medical holography to help with viewing medical imaging. Doctors can be more effective by using visualization of highly realistic medical images. Currently, holographic technologies are employed in a variety of medical procedures such as body scans, physical examinations, and research. Medical holograms provide less invasive ways for a variety of diagnostic treatments, which improves patient outcomes and increases patient safety. New technological developments, such as the use of potent pico-like projectors and tiny light-emitting diodes to produce high-quality holographic images, are projected to enhance the demand for medical holography. Opportunities for market expansion would result from this.
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- By Product, in 2022, the Medical Holography Market was dominated by Microscopy Technology.
- By application, Holographic methods will be used frequently in medical education as the usage of technologically advanced teaching materials is accepted more generally now.
- By End Users, Throughout the course of the forecast period, the rising use of medical holography for educational purposes is anticipated to fuel the segment’s rise at a CAGR of 7.8% for academic centers.
- In 2022, North America dominated the market with the highest revenue share of 35%.
Factors Affecting the Growth of the Medical Holography Market
There are several factors that can have an impact on the growth of the Medical Holography Market. Some of these factors include:
- Factors such as rising disposable income, rising healthcare spending, and increasing clinical knowledge of the advantages of these devices in diagnostic and interventional procedures.
- Because of technical innovation, Holoscope will be emerging with a bright future.
- Increasing adoption of holography technology among patients and healthcare professionals.
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The development of in-car entertainment systems has elevated the automotive sector as a key user of display technologies. Holographic technology is quickly evolving, which inspires suppliers and manufacturers to come up with innovative automotive applications. Several businesses are prepared to assist in the transition from prototype to production by creating materials for use in the future. For instance, screens are being installed on the front dashboard to integrate the smartphone interface with the entertainment system. Also, the display space employed by many important autos is in high demand on the market.
North America dominated the Medical Holography market in 2022, with more than 35% of the market share. This region’s influence can be attributed to the significant research efforts performed by the majority of the key players who are based here. Due to the advantages holographic technologies provide over traditional imaging methods, important companies and healthcare organizations are investing more money in and showing interest in holographic technology.
Rising disease prevalence in the area and the therapeutic demand for effective screening technologies like medical holography, which is becoming more accessible, are significant growth drivers. Increased healthcare expenditure, rising disposable income, and more clinical awareness of the benefits of these devices in diagnostic and interventional procedures are some of the drivers driving the regional market’s growth.
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Scope Of the Report
|Market Value (2022)||USD 952 Million|
|Market Size (2032)||USD 1,998 Million|
|CAGR (from 2022 to 2032)||28.3%|
|North America Revenue Share||35%|
|Historic Period||2016 to 2022|
|Forecast Year||2023 to 2032|
- Increase in the geriatric population
The growing older population and the incidence of chronic illnesses are expected to boost the market. As the senior population grows in developing countries, the number of cases of chronic diseases and cardiovascular-related ailments will increase. Holographic technology may help surgeons analyze the situation and create the least invasive methods to treat diseases. These factors would fuel the holography market.
- Increasing adoption of holography technology among patients and the healthcare professionals
As previously stated, the usage of medical holograms allows for less invasive procedures for a range of diagnostic procedures, improving the safety profile and ultimately leading to improved patient outcomes.
The high computer expenses involved in processing holograms and less effective projection in direct sunlight may limit the growth of the medical holography market. A lack of awareness of the most recent technologies will also restrain the market.
Medical holography is a key component of the medical imaging industry. By examining the heart in three dimensions, the surgeon may more clearly identify the problematic region of the organ than they could by simply visualizing it. The surgeon can slice and rotate a 3D image of the heart with the aid of this technology, for example, to more clearly understand the problem and provide advice and solutions. The demand for holography in the medical sector will grow dramatically throughout the course of the predicted timeframe.
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Report Segmentation of the Medical Holography Market
Microscopy technology advancements are expected to source the market for medical holography to grow at a CAGR of 10.3%. In clinical imaging and microbiology, translucent cells can now be seen clearly at high resolution without labelling or staining thanks to a mix of digital and conventional microscopy techniques. These developments have significantly increased the usage of digital holographic microscopy for analyzing medication response, cellular diagnostics, and doses of cytotoxic treatments, opening up potential growth opportunities for the industry.
The process of visualizing a person’s internal organs for use in clinical examinations, diagnoses, and treatments is known as medical imaging. This application sector holds a sizable market share thanks to the adoption of digital holograms for medical imaging in hospitals and diagnostic centers. Due to the expanding adoption of technologically enhanced teaching materials, it is projected that holography techniques will be employed more frequently in the field of medical education in the approaching years. Cell death assays for the toxicological evaluation of bioactive compounds and the discovery of cytotoxic substances in the study of cancer are utilized in the early phases of medication development.
End User Insight
The research laboratories segment of the Medical Holography Market is predicted to grow at a CAGR of 9.1% during the forecasted period. Two holographic applications that are being used more and more in research projects are dynamic live-cell imaging and phase-contrast imaging, which are driving the market’s growth. Holographic detection is one of the most well-liked choices because it is less invasive and eliminates cell distortion during inspection procedures.
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- Medical Imaging
- Medical Education
- Biomedical Research
- Others Application
By Product Type:
- Holographic Displays
- Holographic Microscopes
- Holographic Software
By End Users
- Hospitals and Clinics
- Pharmaceutical & Biotechnology Companies
- Academic Medical Centers
- Research Laboratories
- Others End Users
- North America
- The US
- Western Europe
- The UK
- Rest of Western Europe
- Eastern Europe
- The Czech Republic
- Rest of Eastern Europe
- South Korea
- Australia & New Zealand
- Rest of APAC
- Latin America
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- United Arab Emirates
- Rest of MEA
- EchoPixel, Inc. (US)
- Mach7 Technologies Pte. Ltd. (US)
- zSpace, Inc. (US)
- Eon Reality (US)
- Zebra Imaging (US)
- General Electric Company (US)
- Microsoft Inc (US)
- SMX Health (US)
- Promaxo (US)
- Aurora Healthcare US Corp (US)
- Fonar (US)
- AllTech Medical Systems (US)
- Holoxica Ltd. (UK)
- Synaptive Medical (Canada)
- IMRIS (Canada)
- Ovizio Imaging Systems (Belgium)
- Lyncee Tec (Switzerland)
- NanoLive SA (Switzerland)
- Siemens (Germany)
- lichtsysteme GmbH (germany)
- Realview Imaging Ltd. (Israel)
- Aspect Imaging (Israel)
- Canon Medical Systems Corporation (Japan)
- Hitachi, Ltd. (Japan)
- SG HealthCare Pvt. Ltd. (India)
- Koninklijke Philips N.V. (Netherlands)
- Neusoft Corporation (China)
- Esaote Spa (Italy)
- Holografika Kft. (Hungary)
- Phase Holographic Imaging AB (Sweden)
- Ne&Ro Invest SRL. (Romania)
Recent Development of the Medical Holography Market
- In June 2022, the Bruker Corporation will make the Neu alight 3D Ultra module accessible to support cutting-edge optogenetics and neuroscience research applications on the firm’s ultima multiphoton microscopes.
- In August 2021, Real View Imaging Ltd reported that the Food and Drug Administration has given its holographic system 510(K) certifications. The method creates spatially accurate, three-dimensional interactive medical holograms using data from traditional CT scans and three-dimensional ultrasound equipment.
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