Medical Holography Market
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<strong>Medical</strong> <strong>Holography</strong> <strong>Market</strong> Size Worth $987 Million by 2025 | CAGR: 31.3%<br />
Global <strong>Medical</strong> <strong>Holography</strong> <strong>Market</strong> was worth USD 253 million in 2016 and estimated to be<br />
growing at a CAGR of 31.3%, to reach USD 987 million by 2021. <strong>Medical</strong> <strong>Holography</strong> enables<br />
medical professionals to have a three dimensional view of the interior of a patient. This<br />
enables doctors to examine vital organs of a body on a desktop screen without having to cut<br />
through the body. By using this technology, doctors can manipulate, view and dissect body<br />
parts which are recreated above a desktop screen. This extremely high growth rate can be<br />
attributed to its usefulness in the medical field and has a lot of scope for growth since it’s an<br />
emerging field.<br />
In the current days, doctors need to construct a three dimensional image using their<br />
imagination from a set of two dimensional images to evaluate a patient’s health status. They<br />
need to invest significant amount of effort to create the mental images, hence this technology<br />
can enable them to diagnose more easily and quickly. It also enables them to get a 3D view<br />
of abnormal structures of body, like the mess of broken bones and ribcages of someone<br />
involved in a road accident. Heart conditions in very young people can be treated much more<br />
easily and precisely, since structures like aneurisms, narrowings and congenital<br />
abnormalities are difficult to visualize. Technologies for virtual colonoscopy are being<br />
developed which is an alternative to an uncomfortable and gut-bacteria damaging method of<br />
inserting a colonoscope inside the body.<br />
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The Global <strong>Medical</strong> <strong>Holography</strong> market is driven by factors like rising adoption of holography<br />
in medical and biomedical research, emergence of holography as a useful technology in<br />
representing abnormal 3D structures and growth in the applications of holography in medical<br />
field. However, this field is constrained by factors like high price of equipment & computation<br />
of holographs and a few systems rendering imprecise holographs.<br />
The Global <strong>Medical</strong> <strong>Holography</strong> market is segmented on the basis of product type into<br />
holographic displays, holographic prints, holography microscopes, holoscopes and<br />
holography software. By application, the market is segmented into medical imaging,<br />
biomedical research and medical education. On the basis of end users, the market is<br />
categorised into research laboratories, hospitals and clinics, academic medical centres and<br />
pharmaceutical and biotechnology companies.
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The Global <strong>Medical</strong> <strong>Holography</strong> market is divided based on geography into North America,<br />
Latin America, Asia-Pacific, Middle East and Africa and Europe. North America holds the<br />
largest market share in the world and is also the fastest growing region, as a result of early<br />
acceptance and adoption of holography, growing investment for innovation in the medical<br />
field and better accessibility of technologies in the region. Europe is expected to have the<br />
second largest share and Asia-Pacific market is expected to have second position globally<br />
by growth.<br />
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Some of the major players in the market include EchoPixel, Inc. (U.S.), Lyncee Tec<br />
(Switzerland), Eon Reality (U.S.), Holografika Kft. (Hungary), Realview Imaging Ltd. (Israel),<br />
Mach7 Technologies Pte. Ltd. (Australia), Ovizio Imaging systems (Belgium), Holoxica Ltd.<br />
(U.K.), zSpace, Inc. (U.S.), Zebra Imaging (U.S.), and NanoLive SA (Switzerland).<br />
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