Future Growth of Holographic imaging Market Size Global Analysis by Key Players - EON Reality, Holotech, Holoxica Limited, Lyncee Tec, Nanolive, Ovizio Imaging Systems NVSA, Phase Holographic Imaging, RealView Imaging, Vision Optics and zSpace

Market Study Report, LLC’s latest research report on ‘Holographic imaging Market’ delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrates its growth trends and competitive landscape as well as the key players in the business.

Holographic imaging market will exceed USD 2.5 billion by 2024; as per a new research report.

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Some of the prominent competitors operating in holographic imaging market include EON Reality, Holotech, Holoxica Limited, Lyncee Tec, Nanolive, Ovizio Imaging Systems NVSA, Phase Holographic Imaging, RealView Imaging, Vision Optics and zSpace. Industry competitors are mainly focusing on inorganic strategies such as partnership, merger and acquisitions to escalate their market position as well as strengthen product offerings.

Growing awareness regarding usage of holographic imaging in medical education will significantly boost holographic imaging market growth over forthcoming years. Newly developed holographic imaging systems possess high efficiency and clear 3D images that helps in research processes. Moreover, government in developed countries implement several initiatives that facilitates the research process for studying orthopedic and cardiovascular disorders that will augment demand for holographic imaging market growth over the coming years.

The global holographic imaging market is expected to gain substantial momentum over the ensuing years driven by its rising significance in healthcare and biotechnology along with advancements in holographic technology.

Holographic technology holds immense significance in biotechnology, particularly holographic microscopes help view microorganisms in a more effective manner. Recently, the technology helped researchers study biological microorganisms in three dimensions to analyze what different microorganisms can produce under stress without using traditional label-based strategies. Results from these studies could support drug development for severe illnesses. Thus, the growing number of biomedical research initiatives will drive the demand for holographic microscopes which will, in turn, augment the holographic imaging market size.

Technological advancements integrated within holographic imaging systems is also a contributing factor for industry growth. Moreover, implementation of various growth strategies by industry players for business expansion will fuel industry growth. For instance, Phase Holographic Imaging entered into a collaboration agreement with the University of California, San Francisco (USCF) for accelerating skin cancer research process by using holographic imaging cytometry technology. Furthermore, there has been a considerable increase in the adoption of holographic imaging system for conducting biomedical research process that will further stimulate holographic imaging market growth in coming years.

Holographic display segment was valued at USD 201.5 million in 2017 and is projected to grow significantly over the forecast timeframe. Holographic displays are 3D displays that rely on coherent light for projection of objects virtually in real space. It allows viewers to look around objects with a different perspective, offering a more naturalistic and comfortable viewing experience irrespective of the details associated with stereo 3D display. Technological advances and enhancements in the field of display is projected to stimulate segmental growth.

Biomedical research segment will witness 35.3% CAGR by 2024 due to extensive use of holographic imaging systems for various research purposes. Deployment of holography techniques in biomedical research that offer digital holograms of DNA, cells as well as entire organs that can be holographically printed for a range of 3D analysis applications. Furthermore, increasing adoption of holographic imaging systems in research institutes will further favor business growth.

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Research organizations segment accounted for 14.1% revenue share in 2017 owing to rising prevalence of cardiovascular and neurological disorders among geriatric population. As per WHO 2017 report, 17.9 million people died due to cardiovascular disorders in 2016 across the globe. Rising disease prevalence results in development of innovative imaging techniques for diagnosis. Research organizations are steadily working on developing innovative diagnostic tools thereby stimulating holographic imaging business expansion during projected timeframe.

U.S. holographic imaging market will experience 32.6% CAGR by 2024 due to increasing biomedical research initiatives in holographic image technology coupled with adoption of holographic products by research academics and laboratories. Moreover, increasing focus of prominent industry players on innovative holographic imaging leads to introduction of holographic products in the market.

China holographic imaging market was valued at USD 16.9 million in 2017 due to rising R&D expenditure on healthcare and availability of excellent technological training for medical education. As per World Bank Data 2015, the R&D expenditure in China was 2.07 % of GDP, comparatively higher than other countries. Rising R&D expenditure results in production of innovative diagnostic and imaging techniques that should drive holographic imaging business.

Holographic technology also attained recognition in the healthcare industry, owing to its growing usage in medical imaging. The healthcare industry relies heavily on holographic technology for diagnosis and treatment of cardiovascular and neurological diseases. Apart from this, holographic imaging helps medical students understand complex structures of vascular, nervous, and musculoskeletal systems more effectively through a 3D view. Therefore, the growing deployment of holography across a wide-range of healthcare applications will accelerate the global holographic imaging market.

Furthermore, the technology has garnered enormous popularity among tech enthusiasts owing to rapid advancements in the media industry. Major innovations like Microsoft’s HoloLens, which recently launched the second generation of its augmented reality headset, could possibly attract more companies to create software for its product. Pioneering inventions such as HoloLens would generate a huge demand for the holographic software segment, which will further contribute to the holographic imaging market growth over the foreseeable future.

More Details on this Report: https://www.marketstudyreport.com/reports/holographic-imaging-market-size-by-product-holographic-display-holography-software-holography-microscopes-holographic-prints-by-application-medical-imaging-medical-education-biomedical-research-by-end-use-pharmaceutical-biotechnology-companies-research-organizations-academic-medical-centers-hospitals-clinics-industry-analysis-report-regional-outlook-u-s-canada-germany-uk-france-italy-spain-china-india-japan-australia-brazil-mexico-south-africa-application-potential-price-trends-competitive-marke/?utm_source=openpr.com&utm_medium=Deepak

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