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Holography has turnes out to be a widespread, interdisciplinary field of science. The technique provides imaging of bone, ophthalmology, tissue, dentistry, and pathology. Growing clinical applications of holography, rising adoption of holography products in biomaedical research and medical education, and rising awareness regarding the technique are the factors anticipated to boost the market growth. In May 2019, Aestheia Imaging announced the launch of XTHEIA, an interactive hologram display with a virtual consult assistant for medical office waiting rooms. This is projected to drive the growth of the global market during the forecast period
The medical holography market is anticipated to register a significant growth during the forecast period due to factors such as increasing investments in digital holography and growing awareness regarding the clinical applications of the medical holography. However, high computational cost of processing holograms is the major factor expected to decline the growth of medical holography market.
Key Market Driver -
Growing clinical applications of holography
Key Market Restraint -
High cost of processing holograms
Globally, the medical holography market can be segmented on the basis of the product, application, end user, and region. Based on the product, the market can be segmented into holographic display, microscope, print, software, others. Based on application, the market is segmented into medical imaging, medical education, biomedical research, and others. Based on end user, the market can be segmented into hospitals, pharmaceutical and biotechnology companies, and others. Geographically, the medical holography market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Some of the major companies that are present in the medical holography market are EchoPixel, RealView Imaging Ltd., Mach7 Technologies Pte. Ltd., Ovizio Imaging Systems, zSpace, Inc., Eon Reality, Holografika Kft. and other prominent players.
Geographically, the medical holography market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America region is expected to account for lion’s share in the medical holography market. The dominance is attributable to the increasing demand for the non-invasive and radiation-free imaging techniques coupled with the growing geriatric population. According to U.S. Census Bureau, in 2019, there were more than 54 million aged (65 years or above) population in U.S. Europe is expected to hold the second leading market share during the forecast period. Increasing preference for minimally-invasive procedures and highly aware population is likely to fuel the market growth in this region. Asia Pacific, on the other hand, is projected to grow with the highest CAGR during the forecast period owing to the increasing funding and interest of healthcare organizations with rising number of launches in medical holography by the key players. The market in Latin America and the Middle East & Africa are expected to showcase substantial growth during the forecast period.
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