Medical Holographic Imaging Market Trend- Rapid Advancements in Holographic Imaging Technology
Increasing prevalence of various diseases, rapid adoption of holographic techniques in healthcare sector, and rising investments in R&D activities are expected to drive global Medical Holographic Imaging market growth.
According to Emergen Research, the global medical holographic imaging market size was USD 744.8 million in 2019 and is expected to reach USD 4,198.8 million in 2027 and register a robust revenue CAGR of 23.7% during the forecast period, 2020-2027.
Holography is an innovative imaging technique that offers detailed images of objects and can be used for various applications. Medical holographic imaging has emerged as one of the most promising technologies in the medical sector. It is widely used in biomedical research, life sciences, healthcare, and medical training and education. 3D visualization through holography products helps in creating interesting and interactive learning scenarios.
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Factors such as increasing demand for 3D imaging in the healthcare sector, growing adoption of holography techniques in biomedical research, increasing government funds for research, and rising investments in R&D activities are expected to drive global market revenue growth.
However, factors such as high computational costs of processing holograms, lack of knowledge for operating advanced holographic imaging systems, and insufficient funds can hamper overall market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Holographic Software Segment To Register Rapid Revenue CAGR:
The holographic software segment is expected to register rapid revenue CAGR over the forecast period owing to rapid advancements in holographic software technology, increasing adoption of software and digital hardware for accurate diagnosis, and rising investments in the development of more advanced and user-friendly software.
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Research Organizations & Institutes Segment to Account for Largest Revenue Share:
The research organizations and institutes segment is expected to account for largest revenue share owing to high prevalence of chronic diseases, increasing need for developing novel therapies and drugs for diseases, and growing demand for advanced holographic imaging systems in research centers.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period owing to increasing awareness about early diagnosis and treatment, high prevalence of various diseases, rising application of holography techniques in biomedical research, and presence of well-developed healthcare and research infrastructure and facilities.
Major Companies in the Market Include:
- Holoxica Limited
- Phase Medical Holographic Imaging
- RealView Imaging
- Zebra Imaging
- Mach7 Technologies Limited
- Ovizio Imaging Systems NV/SA
- Nanolive SA
- Eon Reality
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For the purpose of this report, Emergen Research has segmented the global medical holographic imaging market on the basis of product type, application, end-users, and region:
Product Type Outlook (Revenue, USD Million; 2017-2027)
- Holographic Display
Application Outlook (Revenue, USD Million; 2017-2027)
- Biomedical Research
- Medical Education
- Medical Imaging
End-Users Outlook (Revenue, USD Million; 2017-2027)
- Pharmaceutical Companies
- Research Organizations & Institutes
- Hospitals & Clinics
Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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