According to Emergen Research, the global medical holographic imaging market size was USD 921.31 million in 2020 and is expected to reach USD 5,193.91 million in 2028 and register a revenue CAGR of 23.7% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Medical Holographic Imaging Market, By Product Type (Holographic Display, Microscopes, Software, Print, Others), By Application (Medical Imaging, Biomedical Research, Medical Education), By End-use (Pharmaceutical Companies, Research Organizations & Institutes, Hospitals & Clinics), and By Region Forecast to 2028”
According to Emergen Research, the global medical holographic imaging market size was USD 921.31 million in 2020 and is expected to reach USD 5,193.91 million in 2028 and register a revenue CAGR of 23.7% during the forecast period, 2021-2028.
Market Dynamics:
The global medical holographic imaging market revenue growth is mainly attributed to factors such as rising prevalence of chronic and acute diseases, growing use of holographic devices for better understanding of disease complexity, advancements in holographic technology, and increasing government investments in healthcare infrastructure development. Increasing applications of holographic imaging systems in medical imaging and biomedical research, rising demand among doctors and biomedical scientists, and growing preference for minimally invasive surgeries are among the other key factors expected to drive market revenue growth over the forecast period.
Medical holographic imaging is an emerging medical imaging technique that enables 3D image formation and improves diagnosis and treatment of diseases. Holographic imaging is widely used in medical diagnoses, radiological processes, and surgical preplanning, and it offers high-resolution images of the affected tissue and organs to improve the treatment procedure. Other major advantages of the technique include efficient image processing, storage of high-capacity data, improved performance of minute surgical interventions, and enhanced efficiency of doctors and surgeons.
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Rapid adoption of 3D imaging techniques, introduction of advanced holographic medical imaging solutions, increased healthcare spending, and rising awareness of the advantages of holographic imaging over imaging techniques, such as enhanced diagnostic sensitivity, lower chances of tissue damage, reduced risks of patient complications, and decreased operating room time, are expected to further drive market revenue growth.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Microscopes Segment Accounted for Largest Revenue Share in 2020:
Based on product type, the global medical holographic imaging market is segmented into Holographic Display, Microscopes, Software, Print, and Others. The holographic microscopes segment accounted for the largest revenue share in the global market in 2020. Continuous technological advances in holographic microscopes, increasing use of holographic microscopes in 3D medical imaging, and rise in biomedical research & development activities are key factors driving this segment’s revenue growth.
Medical Imaging Segment to Account for Fastest Revenue CAGR:
Based on product application, the global medical holographic imaging market is segmented into Medical Imaging, Biomedical Research, and Medical Education. The medical imaging segment is expected to register the fastest revenue CAGR in the global market over the forecast period. Revenue growth of this segment is mainly attributed to factors such as rising burden of chronic and acute diseases worldwide, including orthopedic, ophthalmological, and urological disorders, and growing use of advanced holographic devices in medical imaging for improved disease diagnosis.
North America Accounted for Largest Revenue Share in 2020:
The North America medical holographic imaging market dominated other regional markets in terms of largest revenue share in the global market in 2020. Growing prevalence of cardiovascular and neurological disorders, rising focus on personalized medicine, rapid adoption of advanced holographic imaging systems in medical imaging, and presence of state-of-the-art healthcare infrastructure in the region are major factors driving the North America market revenue growth.
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Major Companies in the Global Medical Holographic Imaging Market Include:
- Holoxica Limited
- Phase Medical Holographic Imaging
- RealView Imaging
- Zebra Imaging
- Mach7 Technologies Limited
- Ovizio Imaging Systems NV/SA
- Nanolive SA
- Eon Reality
- zSpace
- EchoPixel
For the purpose of this report, Emergen Research has segmented the global medical holographic imaging market based on product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Million; 2018-2028)
- Holographic Display
- Microscopes
- Software
- Others
Application Outlook (Revenue, USD Million; 2018-2028)
- Medical Imaging
- Biomedical Research
- Medical Education
End-use Outlook (Revenue, USD Million; 2018-2028)
- Pharmaceutical Companies
- Research Organizations & Institutes
- Hospitals & Clinics
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Region Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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