Medical Holography Market To Grow USD 1044.7 Million by 2028 with a CAGR of 17.9% | Valuates Reports

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BANGALORE, India, Sept. 20, 2022 /PRNewswire/ -- Medical Holography Market is Segmented By Type (Holographic Display, Holographic Microscope, Full Image Photography Software), By Application (Academic Medical Center, Hospitals, Clinics, Research Laboratory, Biotech Companies) : Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Medical Devices & Equipment Category.

Medical Holography Market size is estimated to be worth USD 389 million in 2022 and is forecast to a readjusted size of USD 1044.7 million by 2028 with a CAGR of 17.9% during the review period.

Major factors driving the growth of the Medical Holography Market

The increasing clinical application of holography and the adoption of holographic products in medical imaging, biomedical research, and education purposes will drive the growth of the market during the forecast period.

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TRENDS INFLUENCING THE GROWTH OF THE MEDICAL HOLOGRAPHY MARKET

A medical holography display develops 3D holograms of cells, organs, and tissues which can be studied from various angles. The technology helps in research and studying the effects of drugs on individual patients. Understanding complex anatomy becomes easier. The imaging tool aids medical professionals with advanced diagnostic abilities and surgical planning. It is expanding rapidly in the field of healthcare and life sciences thereby driving the growth of the medical holography market. The virtual body parts, tissue, and organs can be sliced from multiple dimensions and access to percutaneous procedures become smooth without the need for invasive needle techniques. Furthermore, surgeons are able to scrutinize the holograms for increasing the effectiveness of complex surgeries.

Radiologists use holograms to detect injury or fracture in the hard or soft tissue of patients. The innovative imaging technique not only enhances safety but also stores all the medical records of a patient digitally. The medical holography display is used in radiology examinations like chest, genitourinary, cardiovascular, musculoskeletal, head, neck, and paediatry. The virtual 3D images capture more information and do not require the need for physical intervention. This will fuel the growth of the medical holography market. The technology aids in the planning of surgical methods by guiding invasive procedures.

Medical education is revolutionized through the use of holograms. Complex subjects can be explained easily right in front of the students surging the demand for the medical holography market in the forecast period. Learners can walk through surgical procedures in a virtual environment. The holography technology offers 3D floating projections using a mix of MR( Mixed Reality) and the physical world. The visuals remain present at all times and the holograms appear in real space passing through a device. Professionals are able to zoom in and zoom out by magnifying the organ or tissue. The visuals are indistinguishable in a scanning procedure and make the treatment process seamless with live interactions.

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MEDICAL HOLOGRAPHY MARKET SHARE ANALYSIS

Based on type, the holographic display segment will grow the highest in the medical holography market share due to huge applications in the medical imaging field for guided therapies and visualization in minimally invasive procedures, coronary interventions, arrhythmias, and heart surgeries. Key players are focusing on technological advancements.

Based on application, the research laboratory segment will witness considerable growth due to rising investments in R&D initiatives using holographic imaging. While the academic medical center segment will grow the fastest as medical holograms are significantly better teaching tools than conventional methods due to sharpness and detailed visualization. Teachers and students collaborate in a virtual environment without the need for cadavers.

Based on region, North America will be the most lucrative market due to the demand for radiation-free medical imaging along with the increasing geriatric population. It is followed by Europe and Asia-pacific.

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Key Players

• Zebra Imaging
• Realview Imaging
• Holoxica
• Echopixel
• Eon Reality
• Nanolive
• Zspace
• Lyncee Tec
• Ovizio Imaging Systems

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