Medical Holography Market: Holography to emerge as a promising alternative to 3D-imaging within the healthcare sector

Medical Holography Market was valued at US$ 1.51 Bn. in 2022 and the total Medical Holography revenue is expected to grow at 25.3 % from 2023 to 2029, reaching nearly US$ 7.35 Bn.
Medical Holography Market Overview:
As society shifts away from invasive surgical procedures and toward minimally invasive interventional choices, there is now a perceived demand for live 3D image guidance to enhance 2D image guidance. Live X-ray and live 3D cardiac ultrasound imaging could be used in conjunction to direct minimally invasive structural heart repair procedures, with the ultrasound images offering additional insights into the soft tissue anatomy of the heart and the X-ray imaging providing visualization of catheters and heart implants.

All of these modalities are integrated into medical holography. While existing 3D viewing technologies are incapable of producing a genuinely realistic 3D depiction, they are 2D pictures patched together from MRI, CT scanners, ultrasound, and other equipment to provide a crude 3D image. Consequently, creating 3D renderings from these 2D photos is highly difficult and time-consuming. This makes therapeutic and diagnostic decisions based on these pictures difficult, and their accuracy is frequently questioned. Medical holography might be the solution in this case. This technology is expected to alter the way medical professionals plan and carry out treatments and procedures by converting 2D photos into 3D floating projections.
Report Scope:
The Medical Holography market is segmented based on Product, Application, End-Use, and Region. The growth of various segments helps report users in acquiring knowledge of the many growth factors expected to be prevalent throughout the market and develop different strategies to help identify core application areas and the gap in the target market. The report provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies.

A bottom-up approach has been used to estimate the market size. Key Players in the Medical Holography market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. Some of the leading key players in the global Medical Holography market include EchoPixel, Realview Imaging, Mach7 Technologies Pte. Ltd., And Ovizio Imaging systems

The report is not only a representation of global players but also covers the market holding of local players in each country. Market structure by country with market holding by market leaders, market followers, and local players make this report a comprehensive and insightful industry outlook. The report has covered the mergers and acquisitions, strategic alliances, joint ventures, and partnerships happening in the market by region, by investment, and their strategic intent.To know about the Research Methodology :- Request Free Sample Report
Medical Holography Market Dynamics:
Holography to remain a promising alternative to 3D-imaging within the healthcare sector:

Holography is expected to greatly disrupt the 3D imaging domain because it improves usability and overcomes limitations in existing 3D solutions. It can touch every element of life, but it has the potential to be a game changer in the medical industry. Image-guided treatments for cardiovascular illnesses have opened up new avenues for minimally invasive, non-surgical procedures such as coronary interventions, arrhythmia catheter ablation therapy, and catheter-based structural heart therapies such as heart valve replacements.
The use of holograms in healthcare is still in its early stages. The most apparent application is for medical training to assist in teaching. The potential to view accurate 3D models of organs and bodily systems in life-size would be essential. In medical school anatomy classes, holograms might eventually replace cadavers. They might be utilized for surgical displays, comparative anatomy, and testing. Adding animation would enhance the benefits of generating genuine representations of physiology as well as pertinent anatomy.

Cogent clinical trials demonstrating the feasibility of 3D holography:

Royal Philips and RealV iew Imaging published a clinical trial in 2017 that demonstrated the viability of implementing an innovative live 3D holographic viewing and interaction technology to assist minimally invasive structural heart disease operations. The research, which included eight patients, was carried out in partnership with the Schneider Children's Medical Center in Petach Tikva, Israel. The visualization technology from RealView was utilized to present interactive, real-time 3D holographic pictures captured by Philips' interventional X-ray and cardiac ultrasound equipment. As a result, interventional cardiologists were able to observe comprehensive dynamic 3D holographic projections of the heart 'flying in free space' during an interventional structural heart disease operation, in addition to viewing the patient's heart on a 2D screen.

The doctors even altered the projected 3D heart chambers by touching the holographic volumes in front of them. The study revealed the technology's potential to improve the context and direction of structural heart repairs. The holographic projections allowed not only for intuitive understanding and examination of the 3D spatial anatomy of a patient's heart but also for navigation and evaluation of the device-tissue interaction throughout the surgery.

Limitations and future scope within the healthcare sector:

Capturing a 3D representation necessitates highly trained human resources. The majority of the workforce is unaware of this technology. To create and display medical imagery, expensive technology and software are necessary. Holography imaging is more expensive than 2D imaging. During complex movements, this technology fails. Images captured by this technique take time and require specialized equipment. The export of datasets to construct a hologram is a major problem.

Holography could eventually provide 'Holodoctors' in the healthcare industry. A doctor at a faraway location may be able to see the holography image and treat the patient. It will also be beneficial in the production of pharmaceutical and healthcare products. Holography can offer an innovative answer for the advancement of healthcare in the future. These 3D holographic graphics can also be useful in the corporate healthcare sector. Medical professionals can develop better and more customizable holographic applications in their respective fields.
Medical Holography Market Segment Analysis:
By Product, the microscope segment in Medical Holography Market is expected to grow at a CAGR of 10.3% owing to technological advancements in the field of microscopy. In clinical imaging and microbiology, a mix of digital and classical microscopy techniques has allowed for high-resolution observation of clear cells without marking or staining. As a result of these improvements, the use of digital holographic microscopy for analyzing apoptotic events, medication response, cellular diagnostics, and cytotoxic treatment dosages has grown substantially, presenting the market with potential growth prospects.

The holographic display segment held the largest share in Medical Holography Market 2022, owing to the high penetration of these products in medical holography techniques. Ongoing developments and improvements in these displays, such as the addition of laser, electro-holographic, and piston-based displays, are expected to boost their use by researchers and clinicians in biomedical research and education.

By Application, the biomedical research segment in Medical Holography Market is expected to grow at a CAGR of 7.3% during the forecast period. The growth rate can be attributed to a wide array of applications of medical holography in biomedical research. It is used to create three-dimensional holograms of different cells, tissues, and organs to examine them from different perspectives. Also, these modules allow for the investigation of the effects of various medications on various organs of a patient's body.

The medical education segment is expected to grow at a CAGR of 8.6% during the forecast period. Medical holograms are superior teaching aids to traditional visuals due to their clarity, intricacies, and great impact. Likewise, it enables professors and students to better grasp human anatomy using virtual reality, decreasing the need for cadavers. For example, Case Western Reserve University and the Cleveland Clinic have teamed with Microsoft to build a 485,000-square-foot Health Education Campus using HoloLens technology to allow collaborative learning across several health disciplines. Such collaborations are expected to boost the demand for these systems.

By End-Use, the research laboratories segment in Medical Holography Market is expected to grow at a CAGR of 9.1% during the forecast period. The increasing use of holography products in research activities, notably phase-contrast imaging and dynamic live cell imaging, is adding to the segment's growth. Also, the holographic detection approach is less intrusive, which eliminates cell deformation during inspection processes and, as a result, makes it one of the most popular options among researchers.
The academic centers segment is expected to grow at a CAGR of 7.8% during the forecast period owing to the rapid adoption of medical holography for educational purposes. Medical holograms increase comprehension of anatomy when compared to traditional approaches. Improved medical instructions, intuitive visualization, collaborative viewing, and lasting benefits of complicated anatomical knowledge are among the other advantages provided. These benefits are expected to boost the segment's growth.
Medical Holography Market Regional Insights:
North America dominated the Medical Holography Market in 2022, accounting for more than 35% of the total market shares. This region's contribution may be ascribed to considerable research efforts conducted by the bulk of key players located in the region. Because of the advantages of the technology over standard imaging methods, healthcare institutions and important firms are increasing their financing and interest in holographic technologies.

The region's growing ailment prevalence and therapeutic need for effective screening technologies such as medical holography, which is becoming more accessible in the region, serve as important growth drivers. Similarly, the region's growing adoption of holographic teaching tools is likely to have a favorable impact on the entire industry. During the forecast period, Asia Pacific medical holography market is expected to grow at a CAGR of 8.1%. Growing disposable income increased healthcare spending, and high clinical knowledge of the benefits of these devices in diagnostic and interventional procedures are driving the regional market growth.

The approval of new products is also critical to market growth. True3D Viewer by EchoPixel, for example, obtained FDA approval for the technology in 2015, and it has uses in surgical planning and diagnostics. The application can transform 2D imaging data from CT and MRI scans into interactive holograms that can be analyzed and altered in real-time. Because of recent technological breakthroughs in this sector, this market is very competitive.
Medical Holography Market Scope: Inquire before buying



Medical Holography Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.51 Bn.


Forecast Period 2023 to 2029 CAGR:
25.3%
Market Size in 2029:
US $ 7.35 Bn.


 Segments Covered:
by Product
1. Holographic Display
2. Laser
3. Microscope
4. Print
5. Software
6. Others


by Application
1. Medical Imaging
2. Medical Education
3. Biomedical Research


by End-Use
1. Academic Centers
2. Pharmaceutical & Biotechnology Companies
3. Hospitals & Clinics
4. Research Laboratories



Medical Holography Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Medical Holography Market, Key Players are:
1. EchoPixel, Inc. (US)
2. Mach7 Technologies Pte. Ltd. (US)
3. zSpace, Inc. (US)
4. Eon Reality (US)
5. Zebra Imaging (US)
6. General Electric Company (US)
7. Microsoft Inc (US)
8. SMX Health (US)
9. Promaxo (US)
10. AURORA HEALTHCARE US CORP (US)
11. FONAR (US)
12. AllTech Medical Systems (US)
13. Holoxica Ltd. (UK)
14. Synaptive Medical (Canada)
15. IMRIS (Canada)
16. Ovizio Imaging systems (Belgium)
17. Lyncee Tec (Switzerland)
18. NanoLive SA (Switzerland)
19. Siemens (Germany)
20. lichtsysteme GmbH (Germany)
21. Realview Imaging Ltd. (Israel)
22. Aspect Imaging (Israel)
23. CANON MEDICAL SYSTEMS CORPORATION (Japan)
24. Hitachi, Ltd. (Japan)
25. SG HealthCare Pvt. Ltd. (India)
26. Koninklijke Philips N.V. (Netherlands)
27. Neusoft Corporation (China)
28. ESAOTE SPA (Italy)
29. Holografika Kft. (Hungary)
30. Phase Holographic Imaging AB (Sweden)
31. Ne&Ro Invest SRL. (Romania)

FAQs:

1. Which region is expected to dominate the Medical Holography Market at the end of the forecast period?
Ans. North America is expected to dominate the Medical Holography market at the end of the forecast period.

2. What is the growth rate of the APAC Medical Holography Market?
Ans. The Asia Pacific Medical Holography Market is expected to grow at a CAGR of 8.1% during the forecast period.

3. What is expected to drive the growth of the Medical Holography Market in the forecast period?
Ans. Cogent clinical trials demonstrating the feasibility of 3D holography are expected to drive the growth of the Medical Holography Market.

4. What is the projected market size & growth rate of the Medical Holography Market?
Ans. Medical Holography Market was valued at US$ 1.51 Bn. in 2022 and the total Medical Holography revenue is expected to grow at 25.3% from 2023 to 2029, reaching nearly US$ 7.35 Bn.

5. What segments are covered in the Medical Holography Market report?
Ans. The segments covered are Product, Application, End-Use, and Region