Global Medical Holography Market – Industry Trends and Forecast to 2029

Global Medical Holography Market, By Product (Holographic Displays, Holography Microscopes, Holographic Prints, Holography Software, and Holoscopes), Application (Medical Imaging, Opthalmology, Dentistry, Urology, Orthopedics, and Medical Education, and Biomedical Research, Others), End User (Hospitals and Clinics, Academic Medical Centers, Research Laboratories, and Pharmaceutical and Biotechnology Companies) – Industry Trends and Forecast to 2029

Market Analysis and Size

In the medical field, holography is used to convert information about the human body into a digital format through 3D imaging analysis. During surgery, medical holography allows surgeons to visualise and measure stress on various organs such as the lungs, liver, and heart. Medical holography can be used for medical training, measurement of complex 3D human body structures, tumour localization, remote therapy, surgery planning, and disease diagnosis. Holography technology can be used in a variety of medical applications, including urology, otology, pathology, ophthalmology, orthopaedics, and medical research.

Data Bridge Market Research analyses that the medical holography market is expected to reach the value of USD 359.89 million by the year 2029, at a CAGR of 45.95% during the forecast period. The growing acceptance will aid in the expansion of the medical holography market.

Market Definition

Holography is a broader field in medical sciences that has a long history in the medical imaging industry. It is essentially defined as the science of creating holograms that are specifically used for three-dimensional images of the holographer subject. It is essentially a physical structure that uses photographic recording of a light field to diffract light into an image.

Report Scope and Market Segmentation

Medical holography Market Dynamics

Drivers

• The rise in the acceptance of holographic products in medical education

Holography products are becoming more popular in biomedical research and medical education. Growing clinical functions of holography, development of holography as a promising technology in representative complex 3d structures, increasing burden of chronic diseases, and clinical urgency to incorporate technologically developed products for early and non-invasive diagnosis, medical holography is likely to gain importance in a variety of functions.

• The increase in the healthcare spending

Growing use of robotic surgeries in the healthcare sector, an ageing population, and rising personal disposable income will all contribute to lucrative medical holography market growth opportunities.

Regulatory Compliance

Maintaining compliance with medical reforms and regulations raises the demand for these solutions.

• Government investments for healthcare interoperability

The increase in the funding by the federal government to drive the adoption of these solutions further influence the market. Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the medical holography market.

Opportunities

Growing funds in the digital holography market expands profitable opportunities for the medical holography market during the forecast period..

Restraints/Challenges

One of the factors most likely to stymie the growth of the medical holography market during the forecast period is the high computational cost of processing holograms. Technological constraints and less efficient projection under sunlight pose additional challenges to the future growth of the medical holography market.

This medical holography market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical holography market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Medical Holography Market

The ongoing coronavirus pandemic is expected to drive growth in the medical holography market. A possible diagnostic testing mechanism based on holographic techniques for the efficient and timely detection of SARS-CoV-2 in asymptomatic patients is being developed. Furthermore, rising government and private-sector initiatives to encourage greater adoption of medical holography are expected to boost market prospects.

Global Medical Holography Market Scope

The medical holography market is segmented on the basis of product, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product                                                                            

• Holographic displays
• Holography microscopes
• Holographic prints
• Holography software
• Horoscopes

Based on the product, the medical holography market is segmented into holographic displays, holography microscopes, holographic prints, holography software, and holoscopes.

End User

• Ambulatory Surgical Centers
• Hospitals
• Speciality clinics

On the basis of end user, the laparoscopic instruments market is segmented into hospitals, ambulatory surgical centers and specialty clinics.

Application

• Medical imaging
• Ophthalmology
• Dentistry
• Urology
• Orthopaedics,
• Medical education
• Biomedical research
• Others

Based on the application, the medical holography market is segmented into medical imaging opthalmology, dentistry, urology, orthopedics, and medical education, and biomedical research, others.

Medical Holography Market Regional Analysis/Insights

The medical holography market is analysed and market size insights and trends are provided by country, product, application and end users as referenced above.

The countries covered in the medical holography market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the medical holography market due to growing acceptance of holography, improved technology availability, and mounting venture for medical invention. Furthermore, factors such as the growing demand for non-invasive and radiation-free imaging techniques, as well as the increasing number of imaging processes in the region, will drive the growth of the medical holography market in the region during the forecast period. Because of the increased acceptance of medical holography in major advanced countries, the medical holography market in Asia-Pacific is anticipated to witness significant growth. Furthermore, manufacturers' marketing campaigns to promote their products are propelling the medical holography market forward.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The medical holography market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical holography market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical holography market. The data is available for historic period 2010-2020.

Competitive Landscape and Medical holography Market Share Analysis

The medical holography market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical holography market.

Some of the major players operating in the medical holography market are

• Aspect Imaging (Israel)
• CANON MEDICAL SYSTEMS CORPORATION (Japan)
• Siemens (Germany)
• General Electric Company (US)
• Hitachi, Ltd. (Japan)
• Koninklijke Philips N.V. (Netherlands)
• Neusoft Corporation (China)
• ESAOTE SPA (Italy)
• FONAR (US)
• Synaptive Medical (Canada)
• AllTech Medical Systems (US)
• United Imaging Intelligence (China)
• Medonica Co. LTD (South Korea)
• IMRIS (Canada)
• Promaxo (US)
• AURORA HEALTHCARE US CORP (US)
• SG HealthCare Pvt. Ltd. (India)
• HYPERFINE (US)
• Elekta AB (Sweden)
• Beijing Wandong Medical Technology Co.,Ltd (China)
• ASG Superconductors spa (Italy),