Global Medical Holography Market by Application (Medical Education, Biomedical Research), by Product (Holographic Display, Software, Print, Microscope) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2016, the global medical holography market was worth USD 356.4 million. The market is expected to grow at a rate of 31.0% over the forecast period. Market growth is being stimulated by the increasing use of medical holographic products and techniques in biomedical research.

Promising rise in R&D activities by biotechnological and pharmaceutical companies is expected to increase the number of biomedical research projects. The market will benefit from this increase in R&D activities in the future.

The market is also benefiting from the growing use of holography in orthotics, cardiac electrophysiology and radiological & surgery procedures. The demand for medical holography will be triggered by technological advances such as the inclusion of advanced pico-like projectors, and miniature light emitting diodes that can deliver clear holographic images.

Holographic visualization and interaction technology allow for less-invasive procedures. This improves safety. This technology is resulting in better outcomes for patients, which will likely increase physician and patient preference for it.

Product Insights

Technological advancements in microscopy will allow the microscope segment to grow at a remarkable CAGR over the next few years. The combination of traditional and digital microscopy techniques can be used in clinical imaging and microbiology. This allows for high-resolution visualizations of transparent cells without staining or labeling. These advancements have resulted in a significant increase in the adoption of digital holographic microscopes for studying apoptosis, drug response and cytotoxic treatment dosages. This has created tremendous growth opportunities for this market.

Due to the high use of holographic displays in medical holography, the segment held the largest market share in 2016. Researchers and doctors will be able to adopt these displays due to technological advances and improvements in the displays, including electro-holographic and laser displays.

These technological advances offer many benefits for diagnosing procedures and provide significant growth opportunities for the market. These benefits include better training, the generation of real-time images of organs, planning surgical interventions without causing skin damage, and precise coordination of diagnostic and interventional applications.

Application Insights

In 2016, the largest market share was held by biomedical research. This is due to the wide variety of medical holography applications in biomedical research. It can be used to create three-dimensional holograms from different cells, tissues, organs, in order to study them at various angles. This application also allows you to study the effects of different drugs on different parts of your body. Due to technological integration in healthcare, this segment will continue to grow.

Over the forecast period, medical education is expected to grow at a remarkable CAGR. Medical holograms can be used as teaching tools to enhance the effectiveness of conventional images. They are sharper, more detailed, and have a higher impact than traditional images. It also allows students and teachers to see the human anatomy in virtual real time, which reduces the need for cadavers.

Microsoft and Case Western Reserve University have also partnered with Microsoft to create a 485,000-square foot Health Education Campus. This campus will support collaboration between different health disciplines. These collaborations will further increase the demand for these systems.

End-use Insights

Research laboratories were the largest revenue contributor to the medical holography market's end-use segment in 2016. The dominance of this segment is due to the increasing adoption of holography products for research activities that primarily involve dynamic live cell imaging and phase contrast imaging. The holographic detection method, which is minimally invasive, does not cause cell deformation during examinations, and it has been voted the best choice by researchers.

Due to the growing adoption of medical-holography for educational purposes, the academic centers segment will see a healthy growth. A study has shown that medical holograms have a greater understanding of anatomy than traditional methods. There are other benefits such as intuitive visualization, collaborative viewing and the effective communication of complicated anatomical information. These benefits will help to boost the growth of this segment.

Regional Insights

North America occupied a prominent place in the market with a 37.0% share in 2016. This region has benefited from extensive research by many prominent players located in the region. The benefits of holographic technology over traditional imaging methods are attracting more funding and attention from healthcare organizations and major companies.

The region's growing disease burden and urgent need for effective screening technologies like medical holography is a key growth driver. The overall market will be positively impacted by the acceptance of holographic teaching materials in the region.

Asia Pacific is expected to experience phenomenal growth over the forecast period. The regional market is seeing significant growth due to rising disposable income, rising healthcare expenditure, and physician awareness about the benefits of these products for diagnostic and interventional procedures.

The market will be driven by a growing interest in holographic technologies in education. The National University of Singapore, for instance, has created virtual reality simulations for undergraduate medical education and nursing. The holographic platform allows for enhanced learning of human anatomy and dissection, and offers a virtual platform that simulates real-life scenarios like an operation theatre or hospital emergency room.

Market Share in Medical Holography

Zebra Imaging, Nanolive SA, RealView Imaging Ltd., Phase Holographic Imaging AB, zSpace, Inc., and Lyncee Tec are key participants. These companies are more involved in strategic activities like extensive distribution, product development and mergers & Acquisitions.

This is contributing to the market's growth. Zebra Imaging, for instance, acquired Rattan in November 2015. Rattan is a software-consulting company. This acquisition was made to enable the rapid integration of 3D light-field technology into their range of holographic display products. The market is also undergoing new product approvals.

True3D Viewer from EchoPixel was approved by the U.S. FDA in 2015. It has been used in diagnostics and surgical planning. This software can convert 2D images from CT and MRI scans into interactive holograms that can be dissected or manipulated in midair. The industry is competitive due to numerous technological advances in this field.

Medical Holography Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional, and country levels. It also analyzes the industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global market for medical holography on the basis product, application, end-use, and region.

• Product Outlook (Revenue USD Million, 2014-2025)

  • Holographic Display

    • Laser

    • Touchable

    • Piston

    • Semi-transparent

  • Microscope

  • Print

  • Software

  • Other

• App Outlook (Revenue USD Million, 2014-2025)

  • Medical Imaging

    • Ophthalmology

    • Dentistry

    • Urology

    • Otology

    • Orthopedics

    • Other

  • Medical Education

  • Biomedical Research

• End-use Outlook (Revenue USD Million, 2014-2025)

  • Academic Centers

  • Companies in Pharmaceutical & Biotechnology

  • Hospitals & Clinics

  • Research Laboratories

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • The Middle East and Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global medical holography market was valued at USD 752.5 Million in 2019, and is forecast to grow to USD 978.3 Million in 2020.

b. Global medical holography is forecast to grow at a compound annual rate of 31.0% between 2015 and 2025, reaching USD 4.0 billion in 2025.

b. With a 37.2% share in 2019, North America was the market leader in medical holography. This is due to the extensive research undertaken by most prominent players, growing funding and interest in healthcare organizations, and technological advancement.

b. Zebra Imaging, Nanolive SA, RealView Imaging Ltd., Phase Holographic Imaging AB, zSpace, Inc., and Lyncee Tec are some of the key players in this market for medical holography.

b. Market growth is driven by the increasing use of medical holographic technologies and products in biomedical research.

Up Market Research published a new report titled “Medical Holography Market research report which is segmented by Application (Medical Education, Biomedical Research), by Product (Holographic Display, Software, Print, Microscope), By Players/Companies Product Outlook (Revenue USD Million 2014 - 2025)Holographic DisplayLaserTouchablePistonSemi-Transparent, Touchable, Piston, Holographic DisplayLaserTouchablePistonSemi-Transparent, Laser, Semi-Transparent”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Medical Holography Market Report Segments:

The market is segmented by Application (Medical Education, Biomedical Research), by Product (Holographic Display, Software, Print, Microscope).

Medical Holography Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Medical Holography Market

Overview of the regional outlook of the Medical Holography Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Medical Holography Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Medical Holography Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Medical Education

                2. Biomedical Research

                1. Holographic Display

                2. Software

                3. Print

                4. Microscope

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Medical Holography Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Medical Holography Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.