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With Over 70% Share, North America and Europe to Remain at the Top of the Ladder in Medical Holography Space
Fact.MR's latest report on the medical holography market provides a 6-year forecast through 2020 & beyond. The report further explicates crucial dynamics such as drivers, challenges, and opportunities connected with the medical holography market's expansion. To present the information in a vivid way, the report has been segmented into product, application, end use, and region.
NEW YORK , Sept. 1, 2022 /PRNewswire/ -- The global medical holography market is expected to grow from US$ 447.8 million in 2019 to US$ 3.5 billion by 2026, exhibiting a CAGR of 34.0% throughout the forecast period.
Growth in the market is driven by increasing adoption of holography products in medical education, biomedical research, and clinical applications, surge in chronic diseases like cancer, and growing awareness about the benefits of holographic procedures.
Over the years, holography has emerged as a promising technique used across medical industry for creating detailed imaging or visualizing patient data for different applications. It allows doctors to improve the quality of medical education and research by creating a holographic image.
Medical holography is being increasingly used to reconstruct the image of tissue samples which helps to perform tissue surgeries. The technique helps doctors for proper diagnosis and treatment in a secure and timely manner by creating 3D images of body parts. The application of holographic imaging has resulted in significant advancements in biomedical research as well as medical teaching and training.
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Growing popularity of holographic technology due to its various benefits is pushing the adoption of medical holography products across research laboratories, schools and colleges, and hospitals globally.
Similarly, factors such as rising investments in digital holography and growing awareness of the clinical applications of medical holography are predicted to boost market growth during the forecast period.
In addition to this, increasing investments in biomedical research, technological developments in operating rooms, and growing need for tailored drugs will continue to push the demand for medical holography solutions during the forthcoming years.
Regionally, North America and Europe will cumulatively account for over 70% of the global medical holography market during the forecast period. This can be attributed to rising adoption of advanced imaging technologies in biomedical research, increasing R&D activities, and strong presence of leading market players.
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The main participants in the market are concentrating on technological breakthroughs by introducing new products with advanced features. For instance,
In May 2019 , Aestheia Imaging launched XTHEIA, an interactive holographic display with a virtual consult assistant designed for medical office waiting rooms.
In August 2021 , HOLOSCOPE-i-holographic system from Realview Imaging Ltd was given 510(K) approval by the Food and Drug Administration. Based on data from regular CT scans and 3D ultrasound devices, the technology produces spatially accurate three-dimensional interactive medical holograms.
In June 2022 , Bruker Corporation announced the availability of the NeuraLight 3D Ultra module, which will facilitate advanced neuroscience and optogenetics research applications on Bruker's ultima multiphoton microscopes.
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More Valuable Insights on Medical Holography Market
In the latest study, Fact.MR offers a detailed study on global medical holography market for the forecast period of 2020 to 2026. This study also highlights key drivers promoting the sales of medical holography through detailed segmentation as follows:
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Key Questions Covered in the Medical Holography Market Report
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