The global medical holography market is segmented by hologram functionality into holographic display, holographic microscope, holography software and holographic prints; by application into ophthalmology, dentistry, urology, otology, orthopedics and others; by end-user into academic centers, pharmaceutical & biotechnology companies, hospitals & clinics and research laboratories; by hologram type into reflection hologram, transmission hologram and hybrid hologram and by regions. Medical Holography Market is anticipated to mask a significant CAGR 30.4% during the forecast period i.e. 2018-2027.
Currently the global medical holography market is observing vibrant growth on account of increasing demand of holographic interaction technologies enabling less-invasive procedures in the market. Advances in healthcare industry in the past few years and growing technological explorations are projected to drive medical holography market besides the wide range of functions of Medical Holography in an immense range of procedures such as urology, otology, orthopedics and others during the forecast period.
As a high medical expenditure and developed healthcare region, North America is panned to observe substantial growth in medical holography market due to rising medical holography usage for cardiac electrophysiology and ophthalmology. North America is estimated to be followed by Asia Pacific on the back of expanding medical holography requirements in radiological and surgical procedures. Europe is expected to drive demand and positively impact medical holography market growth over the forecast period owing to increasing medical holography application for image processing and measuring purposes.
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Growing Applications due to R&D activities
The rising demand for medical holography for various processes in healthcare industry such as, X-Ray holography, endoscopic holography, multiplexed holography for medical tomography, study of tympanic membrane and others are expected to drive the market rapidly over the forecast period. Application of holographic light-in-flight recording method adapted for implementing first-arriving light principle for imaging through human tissue, diffractive bifocal intraocular lens for geriatric population and numerous other uses of medical holography will further increase its market demand in the near future.
Rise in Healthcare Expenditure
Rapid urbanization with increasing disposable income, enhanced economic development has resulted in increase of medical expenditure which is expected to boost the medical holography market in the developed as well as the developing regions across the globe.
However, lack of awareness regarding new medical innovations and cost constraints associated to these methods of medical diagnosis and treatment is estimated to sluggish the growth of medical holography market across the under-developed and some developing regions of the world during the forecast period.
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The report titled “Global Medical Holography Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Medical Holography market in terms of market segmentation by hologram functionality, by application, by end-user, by hologram type and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global Medical Holography market which includes company profiling of EchoPixel, Inc., RealView Imaging Ltd., Integraf LLC, Koninklijke Philips N.V., Holoxica Ltd., HoloTech Switzerland AG, EON Reality Inc., Lyncée Tec SA, Nanolive SA and zSpace, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Medical Holography market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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