The global market report with details of the medical holography market has been analyzed by Market Research Future (MRFR) and as per the study, the market can settle for a remarkable CAGR of 33.7% during the forecast period.
Among the major traction providers for the market, its ability to allow viewers to see fully parallax and auto-stereoscopic 3D images are expected to set the market norms. This would also ensure a rise in the inclusion of minimally-invasive surgeries. The surging research funding to boost better technologies, development in infrastructure to boost the market intake and others are expected to trigger the market growth.
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The global report studying the medical holography market includes segments like product, application, and end user to facilitate a study that shares more information regarding various aspects of the market.
By product, the global report on the medical holography market includes segments such as holography microscopes, holographic displays, holography software, holographic prints, and holoscopes. The holographic displays segment has the lion’s share of the market as the rising adoption of holographic displays in various facilities that support diagnostic imaging and for medical education are impacting the market. These systems are luring in more end users and it can impact the market in significant ways.
By application, the study on the market comprises medical education, medical imaging (orthopedics, dentistry, urology, ophthalmology, and others), and biomedical research. The medical imaging segment has the potential to emerge as the fastest-growing segment during the forecast period as the increasing prevalence of chronic diseases is boosting its uptake in segments like dentistry, urology, ophthalmology, and orthopedics.
By end user, the report on the medical holography market consists of research laboratories, academic medical centers, hospitals and clinics, and pharmaceutical and biotechnology companies.
The Americas would be the flag-bearer for the market as they would benefit from their structural advantages and better investment strategies. The US and Canada are two prominent countries that allow easy inclusion of latest technologies that would help in expansion.
EON Reality, Inc., Holoxica Limited, Ovizio Imaging Systems NV/SA, Zspace, Inc., Realview Imaging Ltd., Zebra Imaging, Inc., Echopixel, Lyncée Tec SA, Mach7 Technologies Limited, and Nanolive SA are some prominent names in the medical holography market that put in efforts to improve their own market strength and inspire a holistic growth. Their latest measures include procedures like merger, innovation, research, development, acquisition, tie-up, branding, and others as measures with the possibility of boosting the market growth. MRFR included latest moves in the report to understand how well these companies can contribute to boosting the market.
In July 2020, RealView Imaging, an Israeli medical holography company, announced that it had completed its $10 million Series C financing round. The latest round witnessed the inclusion of investors like Judith and Kobi Richter, OurCrowd, and some of the existing shareholders. The company is creating a name for itself by providing a technology that includes Holography Guided Interventions with the Holoscope, which is known for its ability to create true 3D volumetric holograms from available medical imaging data. The system’s 3D interactive visualization tools help in conducting minimally-invasive medical interventions, a segment that is garnering substantial tailwinds from several quarters.
The COVID-19 crisis might trigger some sort of disruption in the flow of investment as several companies are now engaging themselves in finding a better cure for the pandemic. This shift in focus could hold back the growth.
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