Medical Holographic Imaging Market to Reach Valuation of USD 3,898.1 Million by 2028 - Increasing Technological Advancements in the Healthcare Sector Drive the Market

Vantage Market Research

Jan 30, 2022

In terms of revenue, the Global Medical Holographic Imaging Market is expected to reach USD 3,898.1 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 28.5% from 2022 to 2028. The rise in the Research & Development (R&D) infrastructure in the biotechnology field and the rising preference to opt for non-invasive procedures are the driving factors for Medical Holographic Imaging Market.

Key Findings:

  • Under the product segment holography microscopes is anticipated to dominate the Medical Holographic Imaging Market at a substantial Compound Annual Growth Rate (CAGR) during the forecast period. This is attributed to the various benefits including real-time cell imaging for life science and medicine applications.
  • The medical imaging sub-segment held a significant market share in 2021. This is the fastest segment growing in Medical Holographic Imaging Market owning to the interactive holographic models that permit more dynamic & cost-effective medical examination and storage of immense amounts of imaging data.
  • North America is the largest regional segment. This is due to the increasing demand for noninvasive & radiation-free imaging strategies associated with the growing number of geriatric people & the growing number of imaging techniques across the region.

Some of key players in Medical Holographic Imaging Market include - EchoPixel, Inc. (US), RealView Imaging Ltd. (Israel), Mach7 Technologies Pte. Ltd. (Australia), Ovizio Imaging Systems (Belgium), Holoxica Ltd. (UK), zSpace, Inc. (US), Lyncée Tec (Switzerland), Eon Reality (US), Zebra Imaging (US), Nanolive SA (Switzerland), and Holografika Kft. (Hungary).

The benefit of holographic imaging and projection has resulted in tremendous modifications in the field of biomedical research and medical education & apprenticeship. In complement to medical imaging & research, holographic display technology and digital holograms are vastly used in educational institutions and hospital teaching. 3D visualization by holography products makes an interesting and interactive learning atmosphere as holography helps maintain more information compared to other learning techniques. Companies have developed a 3D kit for medical students and physicians that will help them practice surgeries and dissections without requiring real bodies & organs.

The primary driver for the global medical holography market contains increasing applications of holography for clinical use. According to an article published by Imaging Technology News on March 21, 2017, it was marked that, many leading clinical sites embraced EchoPixel’s True3D, a 3D medical imaging software launched by HP for use in pediatric surgery. In 2017, clinical zones such as Nicklaus Children’s Hospital, Miami, and Sick Kids Hospital, Toronto embraced True3D by EchoPixel. In 2017, True3D was integrated into a 3D lab at Cook Children’s Medical Center, Texas to specify the technologically advanced diagnosis and pre-planning of complicated heart surgeries. This 3D technology helps doctors to interact closely with life-size 3D virtual images of human anatomy at the time of cardiac procedures.

North America is expected to emerge as largest market for Medical Holographic Imaging Market. The share acquired by this region can be owing to the increasing demand in countries, such as the U.S., Canada, and Mexico. The improving grade of infrastructure for clinical and laboratory research is propelling the market growth. Furthermore, the rising acceptance of low-cost medical procedures in clinical diagnostic laboratories will further boost the development of the healthcare asset management market in the region during the projected time.