USD 1265.12 billion
Global Medical Holography Market Size, Share, Growth Analysis, By Product(Holographic Display, Microscope), By Application(Medical Imaging, Medical Education) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2457 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
64 |
Figures:
77
Global Medical Holography Market Insights
Global Medical Holography Market size was valued at USD 1265.12 billion in 2022 and is poised to grow from USD 1681.85 billion in 2023 to USD 16407.14 billion by 2031, growing at a CAGR of 32.94% in the forecast period (2024-2031).
Due to the vast potential of its uses, the introduction of holographic technology is anticipated to have a huge impact on medicine and healthcare. The field of medical imaging and image-guided therapies may be affected by the holographic display, particularly for the visualisation and appropriate guidance during minimally invasive, non-surgical procedures such as coronary interventions, catheter ablation therapy, and heart therapies such as heart valve replacements. About 20.1 million persons in the US, who were 20 years of age and older, had coronary artery disease, according to the Centre for Disease Control and Disease Prevention (CDC).
The high incidence of chronic diseases has led to an increase in the overall number of imaging procedures and cardiac interventions, which is projected to fuel the US market's expansion. Due to the presence of numerous players concentrating on technological advancements and other strategies, such as acquisitions, partnerships, and joint ventures, only the top players are gaining market share, the holographic display segment is additionally anticipated to gain significant momentum in the overall market. For instance, Looking Glass Factory updated its display technology with the UE4 plugin so that it could visualise designs on its holographic screens. Many other businesses, including medical imaging, can make advantage of the new functionality.
Due to factors including rising investments in digital holography and rising awareness of the clinical applications of medical holography, it is projected that the market for medical holography would experience considerable growth during the forecast period. The main factor anticipated to slow the growth of the medical holography market is, however, the high computational cost of processing holograms.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Biomedical Research
Fastest Growth
Biomedical Research
Growth Rate
32.94% CAGR
Global Medical Holography Market ($ Bn)
Country Share for North America Region (%)
Global Medical Holography Market By Application ($ Bn)
Global Medical Holography Market By Application(%)
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Global Medical Holography Market Segmental Analysis
Global Medical Holography Market is segmented on the basis of product, application, end use and region. By product, the market is segmented into holographic display, microscope, print, software. By application, market is segmented into medical imaging, medical education, biomedical research. By end use, the market is segmented into academic centers, pharmaceutical & biotechnology companies, hospitals & clinics, research laboratories. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Medical Holography Market Analysis by Application
The medical holography market in 2022 was dominated by Biomedical research laboratories in terms of revenue. Phase-contrast imaging and dynamic live cell imaging are the two main applications of holography products in research, which is where the market is now thriving. The holographic detection approach is also minimally intrusive, which eliminates cell deformation during inspection processes and makes it one of the top options among researchers.
Due to the growing usage of medical holography for Medical educational purposes, the academic centers market segment is predicted to experience healthy growth in the years to come. A study found that using medical holograms instead of conventional methods improves understanding of anatomy. Intuitive visualization, group viewing, and good sharing of intricate anatomical knowledge are further advantages that are provided. These advantages should accelerate the segment's growth.
Medical Holography Market Analysis by Product
A result of technical developments in the microscopy industry, the microscope segment is anticipated to grow at a notable CAGR during the ensuing years. In clinical imaging and microbiology, a hybrid of traditional and digital microscopy methods has been used to provide high-resolution visualization of transparent cells without labelling and staining. The use of digital holographic microscopy for analyzing apoptotic events, medication responses, cellular diagnoses, and cytotoxic treatment doses has consequently expanded dramatically as a result of these developments, providing the industry with enormous potential opportunities.
Holographic displays held the largest market share in 2022 as a result of their extensive use in medical holography operations. As these displays continue to be enhanced and modified, such as by the addition of laser, electro-holographic, and piston-based displays, it is projected that their use by scientists and physicians for biomedical research and educational reasons will rise.
Global Medical Holography Market By Application, 2022 (%)
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Global Medical Holography Market Regional Insights
With approximately 37.0% of the market in 2022, North America occupied a significant position. Numerous significant firms with headquarters in the region conducted in-depth study, which is what is responsible for the share that this area has obtained. The growth of holographic products in the medical sector is also being fueled by rising investment and interest from major firms and healthcare organizations due to the advantages of the technology over conventional imaging methods. Growing illness load and clinical need for effective screening technologies, such medical holography, which is becoming more widely available in the region, serve as a major growth accelerator in the area. A beneficial impact on the market as a whole is anticipated from the region's growing embrace of holographic teaching tools.
During the predicted period, the Asia Pacific is expected to grow extraordinarily. A considerable boost to the local market is being given by rising healthcare costs, increased disposable income, and high physician awareness of the advantages of these products in diagnostic and interventional procedures. It is projected that the market will be driven by a rising demand for holographic methods in the educational sector. In addition to offering a virtual platform for lifelike scenarios including hospital emergency rooms, operating rooms, and mass casualty incidents, the holographic platform enhances understanding of human anatomy and dissection.
Global Medical Holography Market By Region, 2024-2031
- Largest
- Fastest
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Global Medical Holography Market Dynamics
Medical Holography Market Drivers
Increasing adoption of holographic displays
- The widespread adoption of holographic displays in various industries, including healthcare, is driving the demand for medical holography. Holographic displays provide immersive and interactive visualization experiences, enabling medical professionals to study and manipulate 3D holographic images in real-time.
Rising prevalence of chronic diseases
- The increasing prevalence of chronic diseases, such as cardiovascular disorders, cancer, and neurological conditions, is driving the demand for advanced medical imaging technologies. Medical holography offers improved diagnostic accuracy and treatment planning for these conditions, contributing to its market growth.
Medical Holography Market Restraints
Limited accessibility in resource-constrained settings
- While medical holography offers advanced imaging capabilities, its accessibility may be limited in resource-constrained settings, such as rural or remote areas with limited healthcare infrastructure. Lack of reliable internet connectivity, infrastructure, and skilled personnel can pose challenges to the widespread adoption of medical holography in these areas.
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Global Medical Holography Market Competitive Landscape
The competitive landscape for the medical holography market gives information by competitor. Included information includes an overview of the business, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, the business's strengths and weaknesses, product launches, and the breadth and depth of the products.
Medical Holography Market Top Player’s Company Profiles
- EchoPixel, Inc. (United States)
- RealView Imaging Ltd. (Israel)
- Zebra Imaging (United States)
- Holoxica Limited (United Kingdom)
- Nanolive SA (Switzerland)
- HoloTech Switzerland AG (Switzerland)
- Holografika Kft. (Hungary)
- Mach7 Technologies Ltd. (Australia)
- Eon Reality, Inc. (United States)
- Lyncee Tec SA (Switzerland)
- ZSpace, Inc. (United States)
- Phase Holographic Imaging AB (Sweden)
- Ovizio Imaging Systems NV/SA (Belgium)
- HoloTech Medical GmbH (Germany)
- Realtime 3D GmbH (Germany)
- Leia Inc. (United States)
- Nanjing Red-Hawk Vision Technology Co., Ltd. (China)
- Hologramica SA (Switzerland)
- zSpace, Inc. (United States)
- HOLOEYE Photonics AG (Germany)
- Geola Digital UAB (Lithuania)
- Holoptic, LLC (United States)
Medical Holography Market Recent Developments
- In April 2023, the company Holo Surgical announced the launch of its Holographic Surgical Trainer. The trainer is a 3D holographic system that allows surgeons to practice complex surgical procedures in a safe and realistic environment.
- In March 2023, the company RealView Imaging announced the launch of its Holographic Imaging System. The system is a 3D holographic imaging system that can be used to create detailed images of internal organs and tissues.
- In February 2023, the company HoloLens announced the launch of its HoloLens 2. The HoloLens 2 is a holographic headset that can be used to create and interact with 3D holographic images.
Global Medical Holography Key Market Trends
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Rise of mixed reality (MR) applications: The introduction of mixed reality (MR) applications is changing the global market for medical holography by offering cutting-edge technologies that enhance medical visualization and education. Healthcare professionals can interact with holographic medical data that integrates virtual and real-world aspects using MR technology. This ground-breaking improvement enables more accurate surgical planning, real-time 3D visualization of patient anatomy, and enhanced medical education. Due to MR applications' potential to improve medical diagnosis, treatment, and education, the market for medical holography is growing globally. Since this technology has the potential to enhance patient care, reduce errors, and open up new avenues for medical innovation, it will play a crucial role in the industry's future growth.
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Increase in Use of 3D Depictions and Augmented Reality: The prevalence of custom holographic models for individualized treatment planning and medical device design was on the rise. Medical holography found application in drug discovery, offering valuable 3D depictions of molecular structures, particularly beneficial to the pharmaceutical sector. The global medical holography market was expanding, fueled by increased investments in research and development and the growing adoption of holography in healthcare. The incorporation of augmented reality (AR) and mixed reality (MR) into medical holography enabled the superimposition of holographic data onto the physical world, assisting in surgeries, diagnostics, and treatment planning. Additionally, holographic techniques were progressing in the field of medical imaging, allowing for the creation of 3D reconstructions of organs and tissues for diagnostic and research purposes.
Global Medical Holography Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global medical holography market has been experiencing significant growth and holds immense potential for the future. The market is driven by factors such as technological advancements, increasing demand for non-invasive imaging techniques, growing investments in healthcare technology, and the rising prevalence of chronic diseases. Medical holography offers advanced visualization capabilities, allowing healthcare professionals to study anatomical structures in three dimensions, leading to improved diagnosis, treatment planning, and personalized medicine. The technologies enhance the immersive and interactive experiences for healthcare professionals, enabling real-time visualization and manipulation of holographic images. Additionally, the convergence of 3D printing and holography is enabling the creation of physical models from holographic images, facilitating personalized medicine and surgical planning. The global medical holography market is poised for continued growth. The ongoing advancements in holographic imaging technologies, increased collaborations and partnerships, and the growing focus on medical education and training are expected to drive the market forward.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1265.12 billion |
| Market size value in 2031 | USD 16407.14 billion |
| Growth Rate | 32.94% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Medical Holography Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Medical Holography Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Medical Holography Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Medical Holography Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Medical Holography Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Medical Holography Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Medical Holography Market Report Snapshots
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