Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global medical holography market. In addition, complete analysis of changes on the global medical holography market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
During COVID-19 pandemic, the healthcare facilities has witness increasing demand for various medical device, medical facilities. However, in pandemic , global medical holography market has witnessed moderate demand for market and has been more or less affected due to supply chain distribution, declining sales of product has hamper the market during the COVID-19. On the other hand, the changing lifestyle, obesity, cardiac disorders emerging cases has provided positive growth for market post COVID-19
The key factor contributing in the market growth are rising adoption of holography products in biomedical research and medical education has certainly propel the market with the new growth avenue. The different advantages of holography with technological advances like its usage in different medical field studies has emerge as a powerful tool for non-contact high resolution and non-invasive measurements inside the human organs. Besides, growing clinical applications of holography and emergence as promising technology in representing complex 3d structures is the key driving factor accelerating the market growth to major extend. This features is expected to boost the market sales for global medical holography market.
The market has witnessed the increasing opportunities for medical holography with rising innovation of market products and accelerating the investment in the digital holography from various manufacturer has provided the market with ample of new growth opportunities. With changing, healthcare dynamics and increasing demand for advanced medical holography has specifically increased the investment in the market to innovative new products for healthcare and other applications, end users, during the forecast period.
The market has major restraint of high computational cost of processing hologram. Besides, computational cost is mostly high for real time graphic processing unit to reconstruct the 3D motion pictures. Thereby this technology has specifically led the limitation for the market growth during the estimated time period.
One the major challenges faced by global medical holography market is technological limitations. The precise technology implementation in the medical holography according to various products requirement is expected to limit the market growth.
The report provides in-depth analysis of global medical holography market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various healthcare facilities, rising patient in heart diseases has led the increasing demand for market and is expected to witness the growth at a CAGR of 33.00% from 2021-2028.
The global medical holography market comprises of different market segment like product, application, end user and geography.
The products studied in the global medical holography market are holographic displays, holography microscopes, holographic prints, holography software, holoscopes. Holography microscopes is likely to gain major market share for the medical holography market. The key factor propelling the market demand for holography microscopes are ideally the common form of quantitative phase imaging. The microscope specifically employs the digital holographic microscopy to allow non-invasive visualization and quantification of living cells without compromising cell integrity. Besides, in a holographic microscope the sample is illuminated by the laser light and the resulting image can be used to determine the 3D structure, position, and orientation of a microscopic sample. On the other hand, holography software is also having rising demand in the market attributing its different advantages and benefits which provide physician ability to create the accurate, three-dimensional holograms with the use of different software.
The global medical holography market finds its major application in medical imaging, medical education, and biomedical research. Medical imaging has accounted the major market share in 2021, and is expected to witness the growth at highest pace during the forecast period. The key factor propelling the market demand are holography are mostly used for digital imaging inputs and provides an extensive visualization of the data for doctors, surgeon and training students. In medical imaging the holography significantly converts the information about the body into the digital format and has the potential to inform, promote medical students, and doctors. The medical imaging helps to improve the way of procedure and treatment, provide advanced imaging, useful for multiple images, capacity of storing. Similarly, medical education, the medical digital holography ideally represent complex 3D anatomical structure of the human body and provide user with the flexibility to turn a 3D hologram in different dimensions, to build different perspective of the anatomical structure.
The global medical holography market has major end user in academic medical centers, hospitals and clinics, research laboratories, pharmaceutical and biotechnology companies. Hospitals and clinics are likely to dominate in the market during the estimated time period. The growing clinical applications of holography has certainly fuel the demand for market in hospital and clinics. Besides, emergence as promising technology in representing complex 3D structures is the major factor which has accelerated, hospitals and clinics to boost the demand for medical holography market. Furthermore, rising adoption of holography products in biomedical research and medical education is contributing healthy growth in the market.
The global medical holography market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is expected to gain major market share during the forecast period (2021-2028). The major factor propelling the market demand are increasing geriatric population, increasing adoption of new technology based products like medical holography across various countries of North America regions has fuel the demand for market. Besides, the market products are widely used for different disease related to brain, heart, liver and kidney among others. Furthermore, according to CDC, Coronary heart disease is the most common type of heart disease, killing 360,900 people in 2019. About 18.2 million adults age 20 and older have CAD (about 6.7%). About 2 in 10 deaths from CAD happen in adults less than 65 years old. On the other side, Asia Pacific is expected to have growth at highest pace with increasing development, technology based medical holography product innovation.
The competitive landscape analysis of medical holography market is certainly based range of market players operating in the healthcare market with technology advancement. Besides, number of market players offered wide range of products for different application and end user. The market has major competitive analysis based on new product launches as well as expansion and acquisitions.
The key players studied in market are CAE Healthcare, Inc., Zebra Imaging, Inc., Realview Imaging Ltd., Holoxica Limited, Echopixel, EON Reality, Inc., Mach7 Technologies Limited, Zspace, Inc., Lyncee Tec SA, Ovizio Imaging Systems NV/SA, Nanolive SA, Glimm International BV, Phase Holographic Imaging AB and ARHT Media, Inc. among others.
December 2021: GigXR, a global provider of eXtended Reality (XR) solution and the University of Michigan, had announced the partnership to develop the XR procedure training suite, a training application that uses hyper realistic holographic patients and mixed reality (MR) visual cues to develop manual and practical skills in pre-clinical education.
November 2021: RealView Imaging Ltd had received FDA 510 (k) clearance for its Holoscope-i holographic system. The system creates spatially accurate, three dimensional interactive medical holograms, based on data received from standard CT scans and 3D ultrasound system. The Holoscope-i is the first and only medical holography system which provide physicians with a natural 3D visualization experience, allowing direct and precise interaction with dynamic holograms of the patient’s true anatomy, floating in free space at hand’s reach, prior to and during the interventional procedures.
September 2019: EchoPixel had introduced the first ever intraoperative software to provide naked eye, touchless, interactive 3D anatomical imaging to support structural heart procedure in the cath lab, OR and hybrid. The innovative anatomical imaging tools provide clinicians with a 3D holographic experience to visualize and interact with patient specific organs and tissue in open 3D space. This allows for enhanced pre-operative planning, improved patient selection, increased patient engagement and the completion of increasingly complex structural heart and congential heart diseases procedures in both adults and pediatric patients.
The rapid development in the medical field, constant new products based on technology are mostly innovated by the manufacturer to enhance the healthcare facilities, medical education and provide a patient experience as well as safety. In medical field, holography is mostly used to measure the natural cavity, organs, and tissue of the human body in the non-destructive manner. The 3D visualizing technology provide a unique experience to the doctor and offers empowerment to clinicians. The medical holography is currently growing rapidly in medical field and are mostly used in the practical studies and explanation.
The global medical holography market comprises of different market segment like product, application, end user and geography. The products studied in the global medical holography market are holographic displays, holography microscopes, holographic prints, holography software, holoscopes. Holography microscopes is likely to gain major market share for the medical holography market. The market finds its major application in medical imaging, medical education, and biomedical research. Medical imaging has accounted the major market share in 2021, and is expected to witness the growth at highest pace during the forecast period. The market has major end user in academic medical centers, hospitals and clinics, research laboratories, pharmaceutical and biotechnology companies. Hospitals and clinics are likely to dominate in the market during the estimated time period. The global medical holography market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW).
1) Which product has accounted the major medical holography market share?
Holography microscopes is likely to gain major market share for the medical holography market.
2) Which is the leading application segment for medical holography market?
Medical imaging has accounted the major market share in 2021, and is expected to witness the growth at highest pace during the forecast period.
3) Which region is gaining majority of market share during the forecast period (2021-2028)?
North America is expected to gain major market share during the forecast period (2021-2028).
