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Medical Holography Market Size Worth $2.45 Billion by 2027, with Leading Players – Ovizio Imaging systems, Holoxica Ltd., zSpace Inc. and More

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Medical Holography Market Size Worth $2.45 Billion by 2027, with Leading Players – Ovizio Imaging systems, Holoxica Ltd., zSpace Inc. and More

April 23
21:42 2021
Medical Holography Market Size Worth $2.45 Billion by 2027, with Leading Players - Ovizio Imaging systems, Holoxica Ltd., zSpace Inc. and More

Medical Holography Market
Growing clinical applications of holography, rising adoption of holography products in biomedical research, improvement in medical education and training and development of holography as a promising technology in representing complex 3D structures are key factors contributing to high CAGR of Medical Holography during forecast period.

The Global Medical Holography Market is projected to grow at a CAGR of 27.6% from USD 346.8 million in 2019 to USD 2.45 billion in 2027. Holography is a technique that provides a stereoscopic image of an object without the use of lenses. It is made up of a physical structure that diffracts light into an image. The demand for the market is majorly driven by the increased accessibility of technology along with increased investment in research and development activities, which further is expected to propel the market growth of medical holography. The adoption of the technology has rapidly increased in the medical and healthcare sector, owing to the benefits provided by this technique. These benefits include precise coordination in the diagnostic application, live image generation, detection with minimal invasion, and advanced training. Since more people prefer the technique associated with minimal invasion techniques, the demand for the device is expected to rise in the near future.

The technology can be used in the healthcare education sector, as medical holograms increase the understanding of the anatomical studies as compared to the traditional methods textbooks and printed pictures. Expanding the application of holography is expected to revolutionize the education and training sectors in the medical and healthcare industry. With an increase in the geriatric population and prevalent chronic diseases that are expected to drive the demand for medical diagnosis, medical holography technology is expected to gain importance in the coming years. Holography technology is used over a wide range of applications in the healthcare industry, which is further anticipated to drive the demand for holograms across several applications. For example, EchoPixel deploys real 3D to assist their physicians in planning surgical and interventional procedures to treat heart-related issues. Heart defects, including Aortic Stenosis, Pulmonary Stenosis, Tetralogy of Fallot, Ventricular Septal Defect, and many others, can be visualized in 3D format for planning the interventional processes. Other than the healthcare industry, it is applicable in other industries such as military mapping, information storage, security, etc.

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Key findings in the report:

Further key findings from the report suggest

  • Medical Holography market is growing at a CAGR of 4% in North America followed by Asia Pacific and Europe, with 28.0% and 27.6% CAGR, respectively. Increased development advances in healthcare sector are the key factor to accelerate the market growth during forecast period across all regions.
  • With advancements of technology, several high-tech holograms are used in healthcare sector. For instance, responsive holograms which are capable of changing color on coming in contact with certain compounds are being deployed into medical tests and devices, that are used to monitor health conditions such as diabetes, cardiac function, infections, electrolyte or hormone imbalance easily and inexpensively.
  • Use of smart holograms are done to test blood, breath, urine, saliva or tear fluid for a wide range of compounds, such as glucose, alcohol, hormones, drugs, or bacteria.
  • As holograms can be constructed in a very short duration of time, poses as a major advantage and makes the technology highly suitable for mass production.
  • The market is led by the new launches that serve specific purpose, made by the key players. For example, the holographic sensors introduced by the Cambridge team are much faster, easier and cheaper to produce than current technologies. A single sensor is expected to cost just ten pence for its production, which would make it particularly useful in the developing economies, where the costs of current glucose tests can be prohibitive.
  • Additionally, holographic projection can be used for copying the real pattersn of the brain and to fool the brain in thinking it has seen felt or sensed something by suppressing dozens and ultimately thousands of neurons at once, hundreds of times each second.
  • Advanced technology has made it possible for the experts to use acoustic holograms that can be used for improvement of ultrasound diagnostic and material testing, which eventually is expected to drive the demand for holography technology in healthcare sector.
  • Key participants include 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).

Medical Holography Market Analysis, By Type, By Application Type, By End Use, Forecasts To 2027, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/medical-holography-market

For the purpose of this report, Reports and Data has segmented the Medical Holography market on the basis of product type, application type, end use, and region:

Product Type (Revenue, USD Million; 2016–2027)

  • Holographic Display,
  • Holographic Microscope,
  • Holographic Print,
  • Holographic Software
  • Others

Application Type (Revenue, USD Million; 2016–2027)

  • Medical Imaging
  • Medical Education
  • Biomedical Research
  • Others

End Use (Revenue, USD Million; 2016–2027)

  • Medical Schools
  • Pharmaceutical Companies
  • Hospitals
  • Others

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Regional Outlook (Revenue in USD Billion; 2017–2027)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Egypt
    • Rest of MEA

Table Of Content

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018 – 2027

Chapter 3. Indicative Metrics

    3.1. Medical tourism

    3.2. Growing government investment in healthcare sector

    3.3. Increased accessibility of technology

Chapter 4. Medical Holography Segmentation & Impact Analysis

    4.1. Medical Holography Segmentation Analysis

    4.2. Medical Holography Market Value Chain Analysis, 2016-2027

………..

Chapter 9. Competitive Landscape

    9.1. Market Revenue Share by Manufacturers

    9.2. Manufacturing Cost Breakdown Analysis

    9.3. Mergers & Acquisitions

    9.4. Strategy Benchmarking

    9.5. Vendor Landscape

Chapter 10. Company Profiles

    10.1. EchoPixel, Inc. (U.S)

           10.1.1. Company Overview

           10.1.2. Financial Performance

           10.1.3. Product Length Benchmarking

           10.1.4. Strategic Initiatives

    10.2. Realview Imaging Ltd. (Israel)

            10.2.1. Company Overview

            10.2.2. Financial Performance

            10.2.3. Product Length Benchmarking

            10.2.4. Strategic Initiatives

    10.3. Mach7 Technologies Pte. Ltd. (Australia)

            10.3.1. Company Overview

            10.3.2. Financial Performance

            10.3.3. Product Length Benchmarking

            10.3.4. Strategic Initiatives

    10.4. Ovizio Imaging systems (Belgium)

            10.4.1. Company Overview

            10.4.2. Financial Performance

            10.4.3. Product Length Benchmarking

            10.4.4. Strategic Initiatives

    10.5. Holoxica Ltd. (U.K.)

            10.5.1. Company Overview

            10.5.2. Financial Performance

            10.5.3. Product Length Benchmarking

            10.5.4. Strategic Initiatives

Continue …

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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