The global Medical Holography market size is expected to be worth around US$ 14.04 billion by 2030, according to a new report by Vision Research Reports.
The global Medical Holography market size was valued at US$ 456.4 million in 2020 and is anticipated to grow at a CAGR of 41.0% during forecast period 2021 to 2030.
The market is predominantly driven by increasing adoption of this technique in biomedical research and academic centers. Rising awareness regarding benefits of the technique is one of the key growth stimulators of the market.
Benefits associated with holographic techniques are precise coordination in interventional and diagnostic applications, generation of live images, minimal invasion, and enhanced training. Soaring demand for incorporation of minimally invasive techniques is also projected to boost the growth of the global market. As compared to invasive procedures, these procedures result in lesser trauma and quicker recovery. Another advantage of this procedure is that there is less amount of blood loss as compared to invasive surgery.
Medical holography is anticipated to revolutionize education and training for medical students over the coming years. Traditional teaching methods and textbooks increase the cognitive load on students, which can be reduced by conversion of 2 or 2.5 D representation into a 3D image. According to a study, it has been observed that medical holograms improve the understanding of anatomy compared to traditional methods. Moreover, holographic projections are increasingly being used in various other fields such as aviation, manufacturing, gas, and oil which is estimated to augur well for the holography market.
With increasing burden of chronic diseases and clinical urgency to incorporate technologically advanced products for early and non-invasive diagnosis, medical holography is likely to gain prominence in a wide array of applications. Introduction of new and sophisticated products is poised to shape the future of the market.
The microscope segment is poised to register a noteworthy CAGR over the coming years owing to technological advancements in the field of microscopy. Combination of digital and traditional microscopy techniques has found application in clinical imaging and microbiology, which allows high-resolution visualization of transparent cells without labeling and staining. Consequently, owing to these advancements, adoption of digital holographic microscopy for examining apoptosis events, drug response, cellular diagnosis, and cytotoxic treatment doses has increased significantly, thereby presenting tremendous growth opportunities for the market.
The holographic displays segment held the largest share of the market in 2016, owing to high penetration of these products in medical holography techniques. Growing advancements and modifications in these displays such as incorporation of laser, electro-holographic, and piston-based displays are expected to boost the adoption of these products by researchers and physicians in biomedical research and educational purposes.
The aforementioned technological advancements provide several benefits in performing diagnostic procedures, thus offering significant growth opportunities to the overall market. These benefits include improved training, generation of real-time organ images, planning of surgical interventions without breaking the skin, and precise coordination in diagnostic and interventional applications.
Biomedical research held the largest share in the market in 2016. The dominant share can be attributed to wide array of applications of medical holography in biomedical research. It is used to develop three-dimensional holograms of various cells, tissues, and organs in order to study them from various angles. Moreover, this application allows studying the effect of various drugs on different organs of patient’s body. This segment is projected to exhibit steady growth owing to rising technological integration in the healthcare space.
The medical education segment is anticipated to expand at a remarkable CAGR over the forecast period. Because of their sharpness, details, and high impact, medical holograms are better teaching tools as compared to conventional images. In addition, it allows teachers and students to better understand the human anatomy in virtual reality, thereby reducing the need for cadavers.
Furthermore, Case Western Reserve University and the Cleveland Clinic have partnered with Microsoft to use its HoloLens technology for constructing a 485,000-square-foot Health Education Campus designed to support collaborative learning among various health disciplines. Such collaborations are further estimated to boost the demand for these systems.
In the end-use segment, research laboratories was the leading revenue contributor in the medical holography market in 2016. Surging adoption of holography products in research activities, which primarily involves phase contrast imaging and dynamic live cell imaging, is contributing to the dominance of the segment. In addition, the holographic detection method is minimally invasive in nature, thus obviating cell deformation during examination procedures and consequently, rendering it as one of the most preferred choices among researchers.
The academic centers segment is likely to register healthy growth in the coming years, owing to burgeoning adoption of medical holography for educational purposes. According to a study, it has been observed that medical holograms improve the understanding of anatomy compared to traditional methods. Other benefits offered are improved medical instructions, intuitive visualization, collaborative viewing, and effective communication of complex anatomical information. These benefits are poised to bolster the growth of the segment.
North America held a prominent position in the market, with over 37.0% share in 2016. The share acquired by this region can be attributed to extensive research activities undertaken by a majority of prominent players headquartered in the region. Increasing funding and interest of healthcare organizations and key companies owing to benefits of the technology over traditional imaging methods are also intensifying the influx of holographic products in the medical industry.
Growing disease burden and clinical urgency for efficient screening technologies such as medical holography, which is becoming increasingly accessible in the region, serves as a major growth catalyst in the region. Also, rise in acceptance of holographic teaching tools in the region is expected to influence the overall market positively.
Asia Pacific is projected to witness phenomenal growth during the forecast period. Increasing disposable income, rising healthcare spending, and high physician awareness levels regarding benefits of these products in diagnostic and interventional procedures are providing a significant push to the regional market.
Zebra Imaging; Nanolive SA; RealView Imaging Ltd.; Phase Holographic Imaging AB; zSpace, Inc.; Lyncee Tec
Pharmaceutical & Biotechnology Companies
Hospitals & Clinics
The Middle East and Africa
The Medical Holography market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Medical Holography market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Medical Holography market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Holography market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Medical Holography market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Medical Holography capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Medical Holography by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Medical Holography market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Medical Holography market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Medical Holography market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Medical Holography industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Medical Holography market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Medical Holography market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Medical Holography market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Medical Holography market. These factors have benefited the growth of the global market for Medical Holography. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Medical Holography. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Medical Holography are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.