Medical Holography Market is expected to reach USD 2.09 billion by the year 2026| Top Players Are EchoPixel, Inc., Realview Imaging Ltd., Holoxica Ltd., zSpace, Inc., etc.

According to the current analysis of Reports and Data, the global Medical Holography market was valued at USD 269.7 million in 2018 and is expected to reach USD 2.09 billion by the year 2026, at a CAGR of 27.7%. Holography is a technique that provides a stereoscopic image of an object without the use of lenses. It is made up of a physical structure that diffracts light into an image.

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Companies considered and profiled in this market study

EchoPixel, Inc. (U.S.), Realview Imaging Ltd. (Israel), Mach7 Technologies Pte. Ltd. (Australia), Ovizio Imaging systems (Belgium), Holoxica Ltd. (U.K.), zSpace, Inc. (U.S.), Lyncee Tec (Switzerland), Eon Reality (U.S.), Zebra Imaging (U.S.), and NanoLive SA (Switzerland).

The demand for the market is majorly driven by the increased accessibility of technology along with increased investment in research and development activities, which further is expected to propel the market growth of medical holography. The adoption of the technology has rapidly increased in the medical and healthcare sector, owing to the benefits provided by this technique. These benefits include precise coordination in the diagnostic application, live image generation, detection with minimal invasion, and advanced training. Since more people prefer the technique associated with minimal invasion techniques, the demand for the device is expected to rise in the near future.

The major factors driving the market include growing geriatric population, increasing prevalence of chronic diseases, increasing adoption of holography technology among the patients and the healthcare professionals, need for minimal or non-invasive diagnosis coupled with increase in research and development activities associated with application of holography is expected to drive the growth for medical holography. However, lack of awareness and expensive treatments, are the major hindrance for market growth during 2019-2026.

Further key findings from the report suggest

1. With advancements of technology, several high-tech holograms are used in healthcare sector. For instance, responsive holograms which are capable of changing color on coming in contact with certain compounds are being deployed into medical tests and devices, that are used to monitor health conditions such as diabetes, cardiac function, infections, electrolyte or hormone imbalance easily and inexpensively.

2. As holograms can be constructed in a very short duration of time, poses as a major advantage and makes the technology highly suitable for mass production.

3. Additionally, holographic projection can be used for copying the real pattersn of the brain and to fool the brain in thinking it has seen felt or sensed something by suppressing dozens and ultimately thousands of neurons at once, hundreds of times each second.

4. Medical Holography market is growing at a CAGR of 4% in North America followed by Asia Pacific and Europe, with 28.0% and 27.6% CAGR, respectively. Increased development advances in healthcare sector are the key factor to accelerate the market growth during forecast period across all regions.

5. Advanced technology has made it possible for the experts to use acoustic holograms that can be used for improvement of ultrasound diagnostic and material testing, which eventually is expected to drive the demand for holography technology in healthcare sector.

6. Use of smart holograms are done to test blood, breath, urine, saliva or tear fluid for a wide range of compounds, such as glucose, alcohol, hormones, drugs, or bacteria.

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For the purpose of this report, Reports and Data has segmented the Medical Holography market on the basis of product type, application type, end use, and region:

Product Type (Revenue, USD Million; 2016-2026)

Holographic Display,
Holographic Microscope,
Holographic Print,
Holographic Software
Others

Application Type (Revenue, USD Million; 2016-2026)

Medical Imaging
Medical Education
Biomedical Research
Others

End Use (Revenue, USD Million; 2016-2026)

Medical Schools
Pharmaceutical Companies
Hospitals
Others

Regional Outlook (Revenue in USD Million; 2016-2026)

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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