Medical Holography Market Size, Share, Growth Analysis, By Product(Holographic Display, Microscope), By Application(Medical Imaging, Medical Education) - Industry Forecast 2024-2031

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.