“Global medical holography market is anticipated to cross USD 8 Billion by 2030”, says Visiongain

15 October 2019
Chemicals

Visiongain has launched a new pharma report ‘’Medical Holography Market Report 2020-2030’’ by Product (Holographic Displays, Holographic Prints, Holography Microscopes, Holography Software, Holoscopes), Application (Medical Imaging, Medical Education, Biomedical Research,), End Users (Academic Medical Centers, Hospitals and Clinics, Research Laboratories, Pharmaceutical and Biotechnology Companies), and Geography.

The global medical holography market is anticipated to grow on account of increasing demand for radiation-free imaging and noninvasive techniques coupled with the aging population. The global medical holography market is anticipated to grow at a lucrative CAGR of 27.2% and anticipated to cross USD 8 Billion by 2030.

Holography has appeared as one of the medical industry's most promising instruments. In life sciences and medical research as well as medical education, holographic methods have expanded their applications. The use of medical holographic imaging has led to tremendous modifications in the areas of medical education and biomedical research.

Medical holography can assist physicians in a multitude of ways to diagnose and treat patients. Using digital MRI scans, ultrasound, CT scans, etc., holography can assist recreate the human anatomy in a real 3-D space, enabling physicians to zoom in, manipulate pictures, and view organs and tissues from various angles. This allows physicians not only to see medical images but also to interact with them as if they were real live tissue and organs. Products like GE's Vivid E9 with XDclear and Echopixel are already accessible for converting information sets from MRI and CT MRI scans into 3-D visualizations.

Surgical planning is another area in which holograms can have a transformative impact by providing a virtual preview of what they will see in the operating room to doctors. This will allow surgeons to perceive any uncommon or complex 3-D structures and plan to function with greater clarity. In medical training, holographic technology also provides enormous opportunities for enhancement. Unlike traditional textbooks that depict and explain anatomical structures, holograms enable teachers to view the whole human body in 3-D form, move components around, resize them, and even replace and remove components. The technology provides a hands-free way to study complex anatomical structures, all guided by simple hand gestures.

Its use will assist surgeons, teachers, and learners as holography proliferates. However, its advantages also apply to patients in fields such as preventive healthcare, as holograms will provide improved and immersive education in wellness.

North America holds the majority of market share followed by Europe and will continue to dominate in the future as a result of as increasing demand for radiation-free imaging and noninvasive techniques coupled with the aging population, and an increasing number of imaging procedures across the region. Asia Pacific region is projected to experience the highest growth in terms of CAGR over the forecast period owing to the growing presence of cancer cases in markets such as India and China. Additionally, unmet needs of patients and untapped nations in this region have been attracting investments by global players and this is expected to boost medical holography market growth over the forecast period.

Currently, key players are forming various strategies such as mergers, acquisitions, collaborations, partnerships, and launching new products to strengthen their position in the global medical holography market. Major companies are also escalating their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the market. For instance, In May 2016, Holoxica Limited (UK) launched its 3-D digital hologram image of the human brain fiber pathways. This new brain path imaging enables neurosurgeons and clinicians to recognize, diagnose, and treat a broad variety of neurological conditions, including Alzheimer's, MND, stroke, and cancer.

The comprehensive market report features companies such as EchoPixel, Inc., Eon Reality, Holografika Kft., Holoxica Ltd., Koninklijke Philips N.V., Lyncée Tec, Mach7 Technologies Pte. Ltd., Nanolive SA, Ovizio Imaging Systems, RealView Imaging Ltd., Zebra Imaging, and zSpace, Inc. among other prominent players. Also the research study offers market estimation and forecast for the period ranging 2019–2029 for global markets such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Benelux, Russia, Poland, India, Japan, China, Australia, ASEAN, GCC, South Africa and North Africa.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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