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Medical Holographic Display Market to Witness Huge Growth by 2023: Key Players - CLEVELAND CLINIC, ECHOPIXEL, HOLOXICA, NANOLIVE, REALVIEW IMAGING, STANFORD CLINIC, UCSF CLINIC AND ZEBRA IMAGING

10-01-2018 04:59 PM CET | Health & Medicine

Press release from: Market Prognosis

Global Medical Holographic Display Market Highlights
The Medical holographic display Market is expected to register a CAGR of about 27%, during the forecast period, 2018 to 2023. Holography is a method of producing a three-dimensional image of an object by recording a split beam of light from a laser. The coherent light from the laser is reflected from an object and combined at the film with light from a reference beam. This recorded interference pattern enables the viewer to view a true three-dimensional image i.e. the image position changes as the position of viewer/viewing system changes. The market is witnessing growth for these holographic displays as these digital images can be rotated or otherwise manipulated as required by literally touching them in real-time.

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Increasing Demand in Medical Imaging
Many medical systems generate complex data using advanced imaging technology, such as magnetic resonance imaging (MRI) and ultrasound scans. Normally, that electronic information is used to display a flat image on a computer screen, but holographic display can also be used to produce full color, computer-generated 3D holographic images. Storing several different images in the same hologram means that the viewer can move around the display, allowing them to examine different organs or body parts. This capability in medical imaging improves medical diagnosis. This will act as a driver for the growth of this market. Other factors, such as need of advanced diagnosis for prompt treatment and increasing usage in surgical planning will also lead to the growth of this market in the future.

Key Developments in the Market
November 2016 - Holoxica is a high-tech company specialized in holographic 3D visualization. In May 2016, Holoxica revealed a breakthrough for neuroscience - a full 3D image of human brain fiber pathways

Major players-
CLEVELAND CLINIC, ECHOPIXEL, HOLOXICA, NANOLIVE, REALVIEW IMAGING, STANFORD CLINIC, UCSF CLINIC AND ZEBRA IMAGING, amongst others.

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High Costs of Device
Medical Holographic Display technology uses novel technology and it is very expensive to manufacture. Also, medical holographic display uses a lot of computing power to translate the 2D images into 3D display. This comes at a high price, which is difficult to justify as the efficiency conventional imaging techniques are also not very far apart. Along with this, factors, such as lack of awareness may also act as restraining factors for the growth of the medical holographic display market.

North America to Lead the Market Growth in the Forecast Period
North America accounted for the largest share of the medical holographic display market in 2017, followed by Europe. High demand of medical holographic display in the diagnostic imaging sector, and high investment in research also would help the North American market to grow at a fast pace.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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