(PharmaNewsWire.Com, April 30, 2020 ) The report “Medical Holography Market by Product (Holographic Display, Microscope, Print, Software), Application (Medical Imaging, Medical Education, Biomedical Research), End User (Medical Schools, Pharmaceutical Companies, Hospitals) — Global Forecast to 2021”, The Global Medical Holography Market Is Projected to Reach USD 953.9 Million by 2021, at a CAGR of 33.7% from 2016 to 2021.
The growth in this market can be mainly attributed to the growing clinical applications of holography in the healthcare sector, rising adoption of holography products in biomedical research and medical education, and emergence of holography as a promising technology in representing complex 3D structures
Browse 76 market data Tables and 26 Figures spread through 126 Pages and in-depth TOC on “Medical Holography Market”
The development of holograms is an extremely cost-intensive process. It takes significant investments in R&D to develop new products that effectively cater to market needs. The high costs associated with research and technology development (which includes product development, system engineering, software development, clinical assessment, and concerned regulatory approvals for the initiation of product manufacturing) increases the cost of the final product.
The most expensive component of a digital holographic microscope and digital hologram is the computer that is used to reconstruct images. Various end users, especially academic institutes, cannot afford these high-cost tools, which restricts market growth to some extent. However, with the availability of faster computers for image processing, inexpensive semiconductor lasers, and high-speed CMOS cameras, it would be possible to build holographic microscopes at lower costs in the near future.
In this report, the global healthcare holography market is segmented on the basis of product type, application, end user, and region. Based on product type, the market is segmented into holographic displays, holography microscopes, holographic prints, holography software and holoscopes. On the basis of application, the medical holography market is segmented into three segments namely medical imaging, medical education, and biomedical research. While on the basis of end user, the healthcare holography market is segmented into research laboratories, academic medical centers, pharmaceutical and biotechnology companies, and hospitals and clinics.
In 2015, the holographic displays product segment accounted for the largest share of the healthcare holography market. This market is primarily driven by the increasing adoption of holographic displays in diagnostic imaging and for medical teaching and training as these displays provide high-quality real-time 3D images which attracts the user effectively
In 2015, North America represented the largest regional market, followed by Europe, Asia-Pacific, and the RoW. North America represents the fastest-growing region for the healthcare holography market, primarily due to increasing research initiatives in holography technology, adoption of holographic products by research laboratories and academic centers, and increasing healthcare expenditure in the U.S.
Major players in the global medical holography market are EchoPixel, Inc. (U.S.), Realview Imaging Ltd. (Israel), Mach7 Technologies Pte. Ltd. (Australia), Ovizio Imaging systems (Belgium), Holoxica Ltd. (U.K.), zSpace, Inc. (U.S.), Lyncee Tec (Switzerland), Eon Reality (U.S.), Zebra Imaging (U.S.), and NanoLive SA (Switzerland).
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