Medical Holography Market Size, Share & Trends Analysis, By Product (Holographic Display, Microscope), By Application (Medical Imaging, Medical Education), By End Use (Pharmaceutical & Biotechnology Companies), By Region and Segment, Forecast Period 2022 – 2030 (Updated Version Available)

Key Market Overview:

Medical Holography Market size was valued at USD 953.8 Million in 2021, registering a CAGR of 30.4% during the forecast period (2022-2030), and the market is projected to be worth USD 10398.1 Million by 2030.

The increased usage of medical holography for better understanding of complex surgeries is crucial for reduction of patient mortality. For instance, according to the research paper published by the National Center of Biotechnology Information, the shocking 310 million major surgeries are initiated each year on the global level out of which over 40 to 50 million are performed in USA coupled with over 20 million in Europe. Thus, the high need of medical holography for studying the major surgical interventions is required to be emphasized by medical professionals for reduced risks to human errors in surgeries.

Moreover, the increased emphasis on development and launching of new products by key market players is estimated to drive the market growth owing to the high adoption of technological advancement. For instance, the U.S. based firm named SentiAR received the U.S. FDA 510(k) clearance for the groundbreaking development of CommandEP system, which is the holographic guidance system used during invasive cardiac procedure. Thus, the active company launches in terms of innovative products is anticipated to boost the demand for medical holography. In the context of the region, North America is projected to contribute a significant share to the industry growth. The factors such as the growing investments by medical facilities for the adoption of medical holograms coupled with the emphasis on biomedical research and established network of medical sector in terms of pharmaceutical and healthcare are estimated to boost the market growth in the North American region.

Market Dynamics:

Medical holography is a recent technological advancement that helps in the 3D visualization of complex medical structures by light diffraction using photographic recording. Such a visualization helps medical professionals to access the hyper-realistic visualization of particular medical images such as the large focal depth imaging of the internal body cavities without causing any damage to the organs. Currently, such holographic visualization is used for multiple medical procedures such as medical check-ups, body scanning, and bio-medical research.

Driver:

The rising adoption of medical holography in the treatment of cardiac electrophysiology, orthopedics, radiological & surgical procedures, and dentistry are the major factors that boost the medical holography market statistics owing to the better understanding of complex surgical sites. Furthermore, the increased usage of medical holography for research in the biomedical sciences and growing investments in digital holography also accelerates the market growth during the forecast period due to the surging awareness regarding the clinical applications of the technology.

Restraint:

The high computational costs of advanced imaging processing and ineffective projection under the sunlight restrict the large-scale usage of medical holography in multiple application segments. Additionally, the lack of technical professionals in the medical sector also hampers the market growth during the forecast period owing to the limited assistance with holographic visualization.

Opportunities:

The increased expenditures on research and development activities by major biotechnological and pharmaceutical firms are expected to provide lucrative opportunities for market growth during the forecast period owing to the augmented base of biomedical research initiatives. Moreover, technologically advanced innovations such as miniaturized light-emitting diodes and advanced pico-like projectors for high-clarity holographic images are also projected to create profitable opportunities during the forecast period.

COVID-19 Impact:

The medical holography market has been positively impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as augmented emphasis on biomedical research combined with the increased adoption in identifying the COVID variants and relevant vaccine solutions are the major impacts of COVID-19 which supported market growth during the period of the pandemic. However, shipments were impacted during the initial lockdown due to the disrupted supply chain and the closure of a manufacturing facility of such technology which led to the decline. However, the circumstances have stabilized and as a result, it is determined that COVID-19’s overall impact on the industry is moderate. Post covid-19, there was a positive impact on market growth due to the growing emphasis on research and development of technology for understanding the complex surgeries.

Medical Holography Report Coverage:

Report Attributes	Report Details
Study Timeline	2018-2030
Market Size in 2030 (USD Million)	10398.1 Million
CAGR (2022-2030)	30.4%
By Product	Holographic Display,  Microscope, Print, Software, and Others
By Application	Medical Imaging, Medical Education, Biomedical Research, and Others
By End Use	Academic Centers, Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, Research Laboratories
By Geography	North America– (U.S., Canada, Mexico) Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, and the Rest of MEA)
Key Players	Ovizio Imaging Systems NV/SA, Holoxia Limited, Echopixel, Zebra Imaging, Nanolive SA, RealView Imaging Ltd., Phase Holographic Imaging AB, ZSpace, Inc., Lyncee Tec, Mach7 Technologies Limited

Market Segmentation:

By Product

The product segment is divided into the holographic display, microscope, print, software, and others. The microscope segment is anticipated to register the fastest CAGR growth during the forecast period. The factors such as enhanced result yielding technique by using 3D volume image from single image capture, reduced need of staining the transparent cells, and faster analysis of the living biological cells under the laboratory conditions are estimated to support the contribution of the microscope segment in medical holography market growth. Also, the holographic display segment is estimated to contribute to the largest share of the market growth owing to the surging modifications and advancements that include electro holographic, laser integration, and piston-based displays combined with the enhanced construction of a 3D prototype for neuroscience and reconstruction of tissue samples to perform tissue surgeries.

By Application

The application segment is categorized into medical imaging, medical education, biomedical research, and others. The biomedical research segment is expected to contribute the largest share in terms of revenue to the industry growth during the forecast period. The factors such as improved analysis of the cells, tissue, and organ structure from multiple angles, and increased chances of accurate diagnosis and treatment of the illness owing to the on-time creation of 3D body parts images are anticipated to support the growth of biomedical research segment. Additionally, the medical education segment is also anticipated to witness significant growth during the forecast period owing to the high adoption of medical holography for human body anatomy studies due to high impact, precise and in-detailed holograms, increased chances of student satisfaction in terms of understanding the complex surgical interventions combined with high adoption of holograms as the replacement to cadavers are projected to support the growth of the medical education segment.

By End Use

The end-user segment is separated into academic centers, pharmaceutical & biotechnology companies, hospitals & clinics, and research laboratories. The research laboratories segment is anticipated to register the largest contribution to the medical holography market share. The factors such as the increased adoption of holography in augmented research activities such as dynamic live cell imaging and phase-contrast imaging, the high scope of utilizing the non-invasive exploration method of holographic body imaging for the student examination procedures combined with the rising emphasis on the practical application of revised or new medical theories are estimated to support the research laboratories segment growth. Furthermore, the academic centers segment is also expected to witness substantial growth during the forecast period owing to the intuitive visualization in understanding the human anatomy, improved medical instructions from medical professionals, collaborative viewing in terms of the medical practice of theory knowledge, and effective communication of complex anatomical information among trainers and trainees.

By Region

The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. North America is projected to contribute the largest share to the market growth in 2021. The factors such as the early adoption of technological advancements in terms of healthcare, coupled with the rising expenditures on medical facilities and the large presence of the established industry players are anticipated to fuel the market growth in the North American region.

Asia Pacific is also expected to register the fastest growth in terms of value and volume during the forecast period owing to the increased spending on research and development of a new alternative method to the conventional surgical methods, high emphasis on medical academic research, and improved medical infrastructure owing to the surging physician awareness in terms of holographic techniques benefits for interventional and diagnostic purposes are estimated to fuel the industry growth in the Asia Pacific region.

Medical Holography Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-

• Ovizio Imaging Systems NV/SA
• Holoxia Limited
• Echopixel
• Zebra Imaging
• Nanolive SA
• RealView Imaging Ltd.
• Phase Holographic Imaging AB
• ZSpace, Inc.
• Lyncee Tec
• Mach7 Technologies Limited

Recent Developments

• In May 2020, the U.S, based firm named Looking Glass Factory launched the upgrade to its existing display technology with the new UE4 plugin, which aids in visualizing the designs using holographic displays. The newly launched feature is suitable for usage in a range of industries including medical imaging.
• In June 2021, a glasses-free holographic surgical simulation platform named HoloMedX has been revealed by Xenco, an Australian firm. This advanced platform was designed to support the users in entire spine surgery simulation through the holographic space.
• In August 2021, Realview Imaging Ltd declared that the Food and Drug Administration 510(K) clearance has been cleared for its new I-holographic system. The system helps in the creation of spatially accurate, interactive three-dimensional medical holograms based on data received from 3D ultrasound systems and standard CT scans.

Table of Content

1. Introduction
   • Market Introduction
   • Market Research Methodology
     • Research Process
     • Primary Research
     • Secondary Research
     • Data Collection Technique
     • Data Sources
   • Market Estimation Methodology
     • Limitations of the Study
   • Product Picture of Medical Holography
   • Global Medical Holography Market: Classification
   • Geographic Scope
   • Years Considered for the Study
   • Research Methodology in brief
   • Parent Market Overview
   • Overall Medical Holography Market Regional Demand
   • Research Programs/Design
   • Market Breakdown and Data Triangulation Approach
   • Data Source
   • Secondary Sources
   • Primary Sources
   • Primary Interviews
   • Average primary breakdown ratio
2. Market Dynamics
   • Drivers
     • Drivers
   • Restraints
     • Restraints
   • Opportunity
     • Impact forces on market dynamics
     • Impact forces during the forecast years
   • Industry Value Chain
     • Upstream analysis
     • Downstream analysis
     • Distribution Channel
     • Direct Channel
     • Indirect Channel
   • Potential Customers
   • Manufacturing/Operational Cost Analysis
   • Pricing Analysis by Region
   • Key Technology Landscape
   • Regulatory Analysis
   • Porter’s Analysis
     • Supplier Power
     • Buyer Power
     • Substitution Threat
     • Threat from New Entry
     • Competitive Rivalry
   • PESTEL Analysis
   • Political Factors
   • Economic Factor
   • Social Factors
   • Technological Factor
   • Environmental Factors
   • Legal Factor
   • Covid-19 impact on Global Economy
   • Covid-19 impact on Medical Holography demand
   • Post-Covid Impact on Medical Holography Market Demand
   • Impact Analysis of the Russia-Ukraine Conflict
3. Global Medical Holography Market Segmentation, by Revenue (USD Million), (2022-2030)
   • By Product
     • Holographic Display
     • Microscope
     • Print
     • Software
     • Others
   • By Application
     • Medical Imaging
     • Medical Education
     • Biomedical Research
     • Others
   • By End Use
   • Academic Centers
   • Pharmaceutical & Biotechnology Companies
   • Hospitals & Clinics
   • Research Laboratories
4. Global Medical Holography Market Overview, By Region
   • North America Medical Holography Market Revenue (USD Million), by Countries, (2022-2030)
     • US
       • By Product
       • By Application
       • By End Use
     • Canada
     • Mexico
   • Europe Medical Holography Market Revenue (USD Million), by Countries, (2022-2030)
     • France
     • UK
     • Spain
     • Russia
     • Italy
     • BENELUX
   • Asia Pacific Medical Holography Market Revenue (USD Million), by Countries, (2022-2030)
     • China
     • Japan
     • Australia
     • South Korea
     • India
     • ASEAN

5. Latin America Medical Holography Market Revenue (USD Million), by Countries, (2022-2030)
   • Brazil
   • Argentina
   • Chile
6. Middle East and Africa Medical Holography Market Revenue (USD Million), by Countries, (2022-2030)
   • GCC
   • Turkey
   • South Africa
7. Global Medical Holography Market Revenue: Competitive Analysis, 2021
   • Key strategies by players
   • Revenue (USD Million and %), By manufacturers, 2021
   • Player Positioning by Market Players, 2021
8. Competitive Analysis
   • Ovizio Imaging Systems NV/SA
     • Business Overview
     • Business Financials (USD Million)
     • Product Category, Type, and Specification
     • Main Business/Business Overview
     • Geographical Analysis
     • Recent Development
     • Swot Analysis
   • Holoxia Limited
   • Echopixel
   • Zebra Imaging
   • Nanolive SA
   • RealView Imaging Ltd.
   • Phase Holographic Imaging AB
   • ZSpace, Inc.
   • Lyncee Tec
   • Mach7 Technologies Limited
9. Market Research Findings & Conclusion

Disclaimer

Research Methodology

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