ID: MRFR/MED/0577-HCR | 110 Pages | Author: Rahul Gotadki | June 2023
Holographic Imaging Market is expected to register a CAGR of 26.4% to reach USD 4.9 Billion by 2030
$4.9 Billion
26.4%
North America
2022-2030
The holographic imaging market is expected to register a CAGR of 26.4% to reach USD 4.9 Billion during the forecast period of 2022–2030.
Holographic imaging devices are instruments that are able to produce 3D images of any objects by recording the split beam of light from a laser. Holographic microscopes are widely used for 3D imaging of biological samples. Growing recognition of 3D imaging technology among surgeons and physicians should stimulate business expansion. The rising application of 3D holographic display in training and medical education will also drive the revenue. Rapid progress in image processing and electronic detection, numerical computation has enabled improved disease diagnosis. This holographic imaging helps the healthcare professionals provide a healthy diagnosis and to keep their diagnosis infection free. The dawn of new technologies such as digital holographic microscopy yields a 3D volume image from single image capture. For instance, in November 2016, Holoxica Limited sprung up the novel holographic 3-Dimensional digital atlas prototype in the market which showcases the human anatomy for the neuroscience medical experts for providing a holistic insight for detection, diagnosis, and treatment of neurological disorders
Factors such as growing awareness about the holographic imaging in medical education, medical research, and increase in holography techniques adoption by the academic medical centers, surgeons, and biomedical researchers are driving the growth over the forecast period.
Furthermore, endoscopic holography for high resolution used in non-invasive surgeries coupled with the tools available for the interpretation of interferograms is expected to create significant growth opportunities for players operating in the holographic imaging market. Though, factors such as the high computational cost of processing, the requirement for sophisticated and complicated recording methods, and issues associated with projection under the sunlight, are some of the factor restraining the growth of the market.
Research Methodology
Sources: Annual reports, Press release, White paper, and Company presentation
Regional Market Summary
The Americas dominated the holographic imaging market over the forecast period owing to the increasing biomedical research initiatives in holographic image technology and adoption of holographic products by research academics centers and laboratories. Brazil holds the considerable share in holographic imaging market share due to increase in preference for the use of holographic imaging technology for medical training and surgeries.
Europe is the second largest market after Americas owing to the increase in research and development activities and new products launching in the near future. For instance, in July 2015, Phase Holographic Imaging entered into a collaboration agreement with the University of California, San Francisco (USCF), to enhance the ongoing skin cancer research process by incorporating Holomonitor. Furthermore, collaborations and partnerships are also expected to be a fueling factor for the holographic imaging market. For example, in August 2014, Phase Holographic Imaging (PHI) entered into a collaboration agreement with Northeastern University of Boston and provided its Holomonitor technology.
The Asia-Pacific is the fastest growing region for the holographic imaging due increase in population, especially in India and China. Japan holds the largest revenue share in the Asia-Pacific region. China is poised to be the fastest growing market on account of its large manufacturing base, increase in demand for better healthcare infrastructure and changes in the population.
The Middle East and Africa hold the lowest share of the holographic imaging market due to growing instances of outsourcing the manufacturing of holographic imaging devices are expected to inhibit development costs while focusing on the development of highly advanced technologies.
Key Players
Some of the key players in the holographic imaging market are EchoPixel, Inc. (US), Mach7 Technologies Ltd. (US), Realview Imaging Ltd. (Israel), Ovizio Imaging systems (Belgium), zSpace, Inc. (US), Holoxica Ltd. (UK), Lyncee Tec. (Switzerland), NanoLive SA (Switzerland), Eon Reality (US), Phase Holographic Imaging AB (Sweden) Leia (US), Zebra Imaging (US), and others.
Segmentation
The holographic imaging market is segmented on the basis of product type, application, and end-user.
Based on the product type, the holographic imaging market is classified as holographic display, microscopes, software, holographic prints, and others.
The holographic display segment is divided into laser, touchable, piston, semi-transparent and others. The touchable segment is further divided into segment is further divided into a skin sensor, health patch, others.
Based on the application, the holographic imaging market is classified into medical imaging, medical education, surgery preplanning & assistance, interventional cardiology, digital intimacy, biomedical research, and others. The medical imaging segment is further divided into ophthalmology, dentistry, urology, otology, orthopedics, and others.
Based on end-user, the holographic imaging market is classified as pharmaceutical and biotechnology companies, research organizations, academic medical centers, hospitals and clinics, and others.
Holographic Imaging Market, by Product Type
Holographic Imaging Market, by Application
Holographic Imaging Market, by End-User
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 4.9 Billion: 2030 |
CAGR | 26.4% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Type, Application, End-User |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | EchoPixel, Inc. (US), Mach7 Technologies Ltd. (US), Realview Imaging Ltd. (Israel), Ovizio Imaging systems (Belgium), zSpace, Inc. (US), Holoxica Ltd. (UK), Lyncee Tec. (Switzerland), NanoLive SA |
Key Market Opportunities | high resolution used in non-invasive surgeries coupled with the tools available for the interpretation of interferograms is expected to create significant growth opportunities |
Key Market Drivers | Growing awareness about the holographic imaging, Increase in holography techniques adoption by the academic medical centers |
The holographic imaging market is predicted to grow at a 26.4% CAGR between 2022-2030
Key competitors in the holographic imaging market include Zebra Imaging (US), Leia (US), Phase Holographic Imaging AB (Sweden), Eon Reality (US), NanoLive SA (Switzerland), Lyncee Tec. (Switzerland), Holoxica Ltd. (UK), zSpace, Inc. (US), Ovizio Imaging systems (Belgium), Realview Imaging Ltd. (Israel), Mach7 Technologies Ltd. (US), and EchoPixel, Inc. (US).
Growing awareness about holographic imaging and increasing adoption by surgeons and biomedical researchers are boosting market growth.
High computational processing cost, the need for complicated and sophisticated recording techniques, and problems related to projection under sunrays may deter market growth.
North America is predicted to dominate the holographic imaging market.
Key Questions Answered
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