Medical Holography Market Size
| Study Period: | 2018 - 2028 |
| Fastest Growing Market: | Europe |
| Largest Market: | North America |
| CAGR: | 25 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medical Holography Market Analysis
The medical holography market is expected to register a CAGR of about 25.0% during the forecast period (2022-2027).
A profound impact of COVID-19 was observed on the market. Due to the high risk of transmission, many countries have adopted lockdown measures, suspended some trade activities, implemented travel restrictions, etc., leading to supply chain disruptions, which led to the lack of stock in many pharmacies, including new device installations in diagnostic centers and hospitals. However, there is increased interest in medical imaging integrated with holographic technologies in the diagnosis of diseases. For instance, in October 2020, scientists from the New York University developed a new method based on their test on holographic video microscopy, which uses laser beams to record holograms of their test beads. Using this holographic imaging technology, scientists can detect both viruses and antibodies in patients affected by COVID-19, which can aid in their medical diagnoses. Apart from the medical imaging, one of the programs from the Case Western Reserve University used holographic headsets to provide academic programs through holograms.
Holography is processed to record and display three-dimensional information without the use of lenses; therefore, it is of immense use and creates large possibilities of applications across the field of science, engineering, graphics, and arts. The optical elements in holography perform the function of mirrors, lenses, gratings, and combinations of them. There is a range of medical diseases where the complexity of the diseases and organ dysfunctionality raise the need for proper visualization of the affected area, where the usage of holographic devices plays a significant role.
The growth of high investment in healthcare facilities, technological advancements in surgical rooms, and growing need for personalized medications drive the growth of the holography market in the medical field. Due to the advancements in product technologies, the usage of holography is likely to increase in medical facilities over the forecast period. Many medical systems generate complex data using advanced imaging technology, such as X-ray, magnetic resonance imaging (MRI), and ultrasound scans. For instance, the X-ray holography method can examine samples in an aqueous solution with very high resolution without sample preparation, which often results in structural alternations. An X-ray hologram with a resolution better than that of a detector can be obtained by Fourier transform holography with a zone plate.
However, factors such as limited expenditure by government facilities and healthcare facilities in hospitals of low and middle-income countries hinder the establishment of holography usage in specialty centers of hospitals. Moreover, the shortage of skilled professionals is among the major restraints for holography usage in the medical domain.
Medical Holography Industry Segmentation
As per the scope of the report, Holography widens the possibilities of imaging medical-related sites. It increases the information storage capacity and capability to meet the write-read-erase requirement in real-time. The Medical Holography Market is Segmented by Product Type (Holographic Displays, Holography Microscopes, Holographic Prints, Holographic Software, and Other Product Types), Application (Imaging in Medical Indications, Medical Education, and Other Applications), End User (Hospitals/Clinics, Biopharmaceutical Companies, and Other End Users), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments
| By Product Type | |
| Holographic Displays | |
| Holography Microscopes | |
| Holographic Prints | |
| Holographic Software | |
| Other Products |
| By Application | |
| Imaging in Medical Indications | |
| Medical Education | |
| Other Applications |
| By End User | |
| Hospitals/Clinics | |
| Biopharmaceutical Companies | |
| Other End Users |
| Geography | ||||||||
| ||||||||
| ||||||||
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| Rest of the World |
Medical Holography Market Trends
This section covers the major market trends shaping the Medical Holography Market according to our research experts:
The Holographic Display Segment is Expected to Grow at a Good Rate Over the Forecast Period
A holographic display is a display that uses coherent light created by the laser to create a three-dimensional (3D) image in space. The advent of holographic technology is expected to have a colossal effect across medical and healthcare, owing to the profound potential of its applications.
The holographic display has had a potential impact on the medical imaging field and image-guided therapies, especially for the visualization and proper guidance during minimally invasive, non-surgical interventions, coronary interventions, catheter ablation therapy for arrhythmias, and catheter-based structural heart therapies, including heart valve replacements.
Moreover, the holographic display segment is expected to gain significant momentum in the overall market, owing to the presence of multiple players focusing on technological advancements and other different strategies, namely, acquisitions, partnerships, and joint ventures, through which only the top players are gaining the market share.
In May 2020, Looking Glass Factory upgraded its display technology with UE4 plugin, which can visualize designs using its holographic displays. The new feature is suitable to be used in a range of industries, like medical imaging.
In June 2021 Xenco has unveiled a glasses-free holographic surgical simulation platform known as HoloMedX. Ths advanced platform has been designed to support users simulate an entire spine surgery in holographic space.
Hence, owing to these factors, the market for holographic displays may register significant growth over the forecast period.
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North America is Estimated to Have the Largest Share in the Global Market
The North American medical holography market is driven by the high adoption of technologically advanced devices, product launches and innovations, and the growing prevalence of chronic diseases.
According to the Center for Disease Control and Disease Prevention(CDC) in July 2021, About 20.1 million adults aged 20 and older had Coronary Artery disease in the United States. Thus, due to the high prevalence of chronic diseases, there is a rise in the total number of imaging procedures and cardiac interventions, which is expected to drive the growth of the US market.
Moreover, key market players in the country are focusing on developing and launching new products, which may drive market growth. For instance, in September 2020, SentiAR received US FDA 510(k) clearance for its groundbreaking CommandEP system, the holographic guidance system to be used during an invasive cardiac procedure.
Additionally, in August 2021, RealView Imaging received the Food and Drug Administration approval for its HOLOSCOPE-i holographic systek. The system creates patially accurate, three-dimensional interactive medical holograms, based on data scans and 3D ultrasound systems, granting physicians direct and precise interaction with dynamix holograms of a patient's true anatomy. Thus, the aforementioned factors are likely to drive the North American medical holography market during the forecast period.
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Medical Holography Industry Overview
The major market players are focusing on technological advancements and improving the material quality used in sutures and better treatment of the injury site. Some of the major players in the market are RealView Imaging Ltd, zSpace Inc., EON Reality Inc., Lyncee Tec, and Phase Holographic Imaging PHI AB, among others.
Medical Holography Market Leaders
EON Reality Inc
RealView Imaging Ltd
Lyncee Tec
Phase Holographic Imaging PHI AB
zSpace, Inc
*Disclaimer: Major Players sorted in no particular order
Medical Holography Market News
In June 2022, Bruker Corporation announced the release of the NeuraLight 3D Ultra module to support advanced neuroscience and optogenetics research applications on Bruker's ultima multiphoton microscopes.
In August 2021, Realview Imaging Ltd announced that it has received Food and Drug Administration 510(K) clearance for its i-holographic system. the system creates spatially accurate, three-dimensional interactive medical holograms, based on data received from standard CT scans and 3D ultrasound systems.
Medical Holography Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Usage of Holography Products in Medical Facilities
4.2.2 Technological Advancements and R&D Investments by Biopharmaceutical Companies
4.3 Market Restraints
4.3.1 High Initial Investments in Healthcare Facilities to Include Holographic Applications
4.3.2 Shortage of Skilled Professionals
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Holographic Displays
5.1.2 Holography Microscopes
5.1.3 Holographic Prints
5.1.4 Holographic Software
5.1.5 Other Products
5.2 By Application
5.2.1 Imaging in Medical Indications
5.2.2 Medical Education
5.2.3 Other Applications
5.3 By End User
5.3.1 Hospitals/Clinics
5.3.2 Biopharmaceutical Companies
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 France
5.4.2.2 Germany
5.4.2.3 United Kingdom
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Holografika Kft
6.1.2 EchoPixel
6.1.3 EON Reality Inc.
6.1.4 Hexagon AB
6.1.5 Holoxica
6.1.6 Lyncee Tec
6.1.7 Nanolive SA
6.1.8 Ovizio
6.1.9 Phase Holographic Imaging PHI AB
6.1.10 RealView Imaging Ltd
6.1.11 Zebra Imaging Inc.
6.1.12 zSpace Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Medical Holography Market Research FAQs
What is the study period of this market?
The Medical Holography Market is studied from 2018 - 2028.
What is the growth rate of Medical Holography Market?
The Medical Holography Market is growing at a CAGR of 25% over the next 5 years.
Which region has highest growth rate in Medical Holography Market?
Europe is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Medical Holography Market?
North America holds highest share in 2021.
Who are the key players in Medical Holography Market?
EON Reality Inc, RealView Imaging Ltd, Lyncee Tec, Phase Holographic Imaging PHI AB, zSpace, Inc are the major companies operating in Medical Holography Market.
Medical Holography Industry Report
Statistics for the 2023 Global Medical Holography market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Medical Holography analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
