Global Medical Holography Market Trending in 2021

New York, NY 18 Nov 21: The global medical holography market size is expected to reach USD 4.22 billion by 2027 according to a new study by Polaris Market Research. The report “Medical Holography Market Share, Size, Trends, Industry Analysis Report, By Product (Holographic Displays (Laser, Touchable, Piston, Semi-Transparent), Microscope, Print, Software, and Others); By Application (Imaging (Ophthalmology, Dentistry, Urology, Otology, Orthopedics, Others), Medical Education, and Biomedical Research); By End Use (Academic Centers, Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, and Research Laboratories); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Medical holography refers to a technique that can develop three-dimensional images of the targeted organ of the body. Development of 3-D image of any specific organ of interest for the surgeons or physicians is of notable importance as it simplifies the treatment procedure for the physicians.

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Medical holography has transformed the healthcare industry with 3-D images of complex organs simplifying the healthcare education & training and boosting the sector research. Various products used in medical holography including holoscopes, software, prints, microscopes, and displays enable the healthcare professionals to view human anatomy in three dimensions.

The prominent factors favoring the global market growth include advancement in medical holography technique, investments in development of holography-based gadgets, and extensive adoption of medical holography technique among the healthcare institutions such as hospitals and clinical research organizations (CROs) to assist the physician in their operating procedure and clinical researchers all through their healthcare research.

Medical holographic projections and imaging has led to a notable change in training and education as well as all through the biomedical research. Also, digital holograms and holography technique are also extensively deployed all through the hospital training and teaching programs. The 3-dimensional visualization through using the technique develop an interactive and interesting learning environment as holography assists in retaining more information as compared to the traditional learning methodologies.

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Some of the players involved in the market space include Lyncee Tec, zSpace, Inc., Phase Holographic Imaging AB, RealView Imaging Ltd., Nanolive SA, and Zebra Imaging, EON Reality, Inc., EchoPixel, Holoxica Ltd., Mach7 Technologies, and Ovizio Imaging Systems.

Players in the market are focusing on new product development and acquisitions to boost their product portfolio as well as expand their geographical presence across various countries and regions. Moreover, the companies have raised funding to boost the development of the holographic products that contributes to their market share. In July 2020, RealView Imaging raised approximately USD 10 million for the development of a three-dimensional in-Air hologram device.

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