Holographic Imaging Market Size By Product (Holographic Display, Holography Software, Holography Microscopes, Holographic Prints), By Application (Medical Imaging, Medical Education, Biomedical Research), By End-Use (Pharmaceutical & Biotechnology Companies, Research Organizations, Academic Medical Centers, Hospitals & Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, Australia, Brazil, Mexico, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Industry Trends

Holographic Imaging Market size was over USD 300 million in 2016, with growth forecast of over 30% CAGR from 2017 to 2024.
 

U.S. Holographic Imaging Market size, By Product, 2013-2024 (USD Million)

 

The holographic imaging market is set to gain momentum due to the growing awareness of the use of holography for medical research, medical education and medical imaging purposes. The industry is slated to witness high growth rate during the forecast years owing to rapid adoption of holography techniques by surgeons, academic medical centers, and biomedical researchers.
 

Technological advances in hologram recording techniques in the recent years and the availability of tools for interpretation of holographic interferograms should boost its usage in the field of urology, pathology, ophthalmology, and orthopedics. Moreover, endoscopic holography should emerge as a powerful tool for non-contact high resolution and noninvasive measurements inside the human organs.
 

High computational cost of processing may restrain the holographic imaging market size over the forecast years. Requirement for sophisticated and complicated recording methods increases the cost and reduces the accessibility of these devices.
 

Holographic Imaging Market, By Product

Holographic display contributed the largest revenue share in 2016, and is projected to witness over 30% CAGR over the forecast timeframe. Growing application of 3D holographic display in medical education and training should stimulate business expansion. Rising acceptance of 3D imaging technology among physicians and surgeons will also drive the revenue.
 

Holographic microscopes are widely used for 3D imaging of biological samples. Rapid progress in electronic detection, image processing and numerical computation has enabled improved disease diagnosis. Advent of new technologies such as digital holographic microscopy yields a 3D volume image from single image capture.
 

Holographic Imaging Market, By Application

Biomedical research held the largest industry share owing to advancements in holographic interferometric techniques used in biomedical applications. Implementation in biomedical research provides digital holograms of entire organs, cells as well as DNA that can be holographically printed for a range of 3D analysis applications. In addition, these three-dimensional holograms of almost all types of biomedical datasets including protein database files to medical scans can be created.
 

Medical imaging should witness significant growth over the forecast period due to increasing application of holographic imaging technology and growing awareness among the medical fraternity. Holographic technique has revolutionized the medical imaging science creating a huge industry demand for this technology. It has dramatically improved the level of diagnosis obtained from MRI and CT, allowing surgeons to analyze the image report at multi angle view.
 

Holographic Imaging Market, By End-Use

Pharmaceutical and biotechnology companies held the largest holographic imaging market share in 2016. Increasing technology adoption owing to its ability to perform label-free analysis of unstained, live cells and tissues. Hospitals and clinics should witness considerable growth attributed to the acceptance advanced imaging techniques as a standard practice of medical imaging for effective diagnosis and accurate navigation inside the body.
 

Implementation in medical education will boost the holographic imaging market demand. It enables medical students to effectively study the anatomy of human body in a three-dimensional visualization as compared to two-dimensional imaging, wherein conceptualization of spatial relationships is relatively difficult. Growing application in medical education has made it possible to study complex images of the musculoskeletal system, vascular and nervous system leading to widespread adoption of this technology.
 

Holographic Imaging Market, By Region

U.S. was the largest contributor to the global holographic imaging revenue share in 2016. Increasing biomedical research initiatives and adoption by research academics centers and laboratories should boost industry growth. The presence of leading service providers such as EchoPixel, Zebra Imaging and zSpace, in this region will further stimulate business expansion.
 

Japan holographic imaging market is anticipated to witness rapid growth throughout the forecast years. Rising demand for healthcare facilities due to increasing unhealthy lifestyle changes, and rapid changes in demographics should fuel industry growth. Availability of advanced imaging technologies should further stimulate holographic imaging market growth.
 

Competitive Market Share

Some of the notable holographic imaging market players include Echopixel, RealView Imaging, Ovizio Imaging Systems, Holoxica, NanoLive, and Mach7 Technologies.
 

The most commonly adopted strategies by industry players include new product launches with technological innovations, and agreements and collaborations to capture significant market share. For instance, In November 2016, Holoxica Limited introduced a holographic 3D digital human anatomy atlas prototype for neuroscience. This product impacted medical science giving neurosurgeons and clinicians insights into identifying, diagnosing and treating a wide range of neurological conditions.
 

Holographic Imaging Industry Background
 

The adoption of holographic imaging at an expected pace currently faces limitations in terms of complications involved in recording holographic images due to the high costs involved and lack of easy accessibility. In addition, 3D holographic imaging displays requires an elaborate machinery making is less affordable for small end user segments. Apart from this, the current holographic display technology has poor spatial resolution and is able to display images at only about two frames per second. A significant amount of research is going on to improve the quality of these displays such that they can be more useful for doctors and surgeons in actual practice.

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