Holography can be defined as the modern science of producing holograms especially used as medical holography. It provides a unique experience of visualization of medical images of medical humanities. It empowers clinicians with intuitive comprehension of complex 3D structures which is helpful for medical research, medical training, and medical imaging. It is a physical structure that sheds light on an image using a photographic copy of a light field. Holography displays, microscopes, prints, and software are some of the popular holography products. This technology is primarily used for medical treatments such as body scanning and medical checkup.
Medical holography can be able to reduce complex physical procedures and it also helps to detect issues in organs such as the brain or heart. Holography also finds applications in the life sciences field. The adoption of holographic imaging and projection has brought enormous changes in the biomedical research field. 3D visualization with the help of medical holography products enables the creation of an interactive learning environment as it has the capability to retain a large volume of information as compared to other learning techniques.
Major Drivers Creating a Favorable Environment for Medical Holography Market
The rising need for personalized medications coupled with increased investments in healthcare facilities is driving growth for the global market. In addition to this, the growing adoption of holographic devices for diagnosing cardiovascular diseases and cancer is one of the key factors responsible for a surge in demand for the global market. Moreover, the increasing geriatric population and favorable government policies are attributed as the key drivers for the medical holography market. The increase in the demand for holography products from research laboratories and academic medical centers has increased tremendously in the last several years. Increasing clinical operation of holography in cardiac electrophysiology, surgical procedures, dentistry, and orthopedics is creating new growth avenues for the market.
Key Highlights of Medical Holography Market
- Based on product type, holographic displays accounted for the largest market share and are expected to continue the trend in coming years also. The growth is attributed to a growing demand for technologically advanced devices at the domestic as well as global level.
- By application, biomedical research leading the market growth on account of increased applications for drug development and clinical diagnostics. Continuous research and development in the field are supporting the surge in demand for medical holography.
- In terms of end-user, the pharmaceutical and biotechnology companies segment is projected to at a higher rate owing to increased investments by leading market players to develop advanced technologies.
- RealView, an Israeli start-up company has developed the world’s first medical holographic system named Holoscope-i. This system is specifically designed for physicians to get accurate 3D in-air holograms of a patient’s actual anatomy.
Regional Outlook for Medical Holography Market
North America is dominating the global market for medical holography followed by the Europe region. The regions are poised to witness robust growth on account of the increased adoption of medical holography technology. Asia Pacific region is predicted to grow at a significant rate with the support of government initiatives and increasing research activities. Increase in the investments in research by leading healthcare bodies to improve medical holography contributing to the growth of the market in this region.
Deep-dive Insights on Medical Holography Market by Polaris Market Research: https://www.polarismarketresearch.com/industry-analysis/medical-holography-market