Medical Holography Market by Product Type (Holographic Display, Holographic Microscope, Holography Software, and Holographic Prints), by Hologram Type (Reflection Hologram, Transmission Hologram, and Hybrid Hologram (Embossed Holograms, Integral Holograms, Holographic Interferometry, Multichannel Holograms, and Computer-generated Holograms)), by Technology (X-ray Holography, Endoscopic Holography, Hologram Recording Endoscope, Multiplexed Holography, and Light-in-flight Holography), By Application (Biomedical Research, Medical Education, Medical Imaging (Dentistry, Urology, Otology, Pathology, Ophthalmology, and Orthopedics), and Others), By End User (Hospitals and Clinics, Research Laboratories, and Biotechnology & Pharmaceutical Organizations), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2021- 2028.
Medical holography is a technology that uses three-dimensional images produced by scanning with light waves and then transformed into a digital form. It can be used in the same way as ultrasound imaging but instead of producing a three-dimensional image from the sound, it produces an image from light waves. It’s also been applied to computer vision and digital photo retouching. And although there are already many devices in the market that use this technology, it is still relatively new to the medical field.
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Key Market Drivers:
Increasing usage of holographic medical tools in research and medical education is the main factor that is expected to drive the growth of the global medical holography market. For instance, according to the World Directory of Medical Schools, there are more than 2,800 operational medical schools in the world. Hospitals, clinics, and research facilities around the world are using medical holography to implement real-time information on patients that can provide real-time alerts and diagnostic information. They use real view to display diagnostic data in the form of bar code, fingerprint scanning, or a digital image of the patient’s iris. A digital image of the iris or eyes can be printed out in compliance with the Health Insurance Portability and Accountability Act (HIPAA) guidelines. The advantage of using holographic technologies in this setting is that there’s no need to scan the paper to produce the image, thus eliminating the possibility of errors due to thermal or humidity-related issues. Moreover, increasing product launches by key market players are estimated to enhance the growth of the global medical holography market.
Covid-19 Impact Analysis:
The COVID -19 pandemic had a very significant effect on the growth of the global medical holography market, with key market players introducing new products for easy usage in several medical trials. For instance, in December 2020, Looking Glass Factory introduced Portrait, which is a personal holographic display used for various applications such as medical imaging.
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The size of the global medical holography market is expected to grow at a CAGR of 33.7%, to reach around US$ 953.9 million by the year 2021, owing to the increasing prevalence of medical education and medical trials in the world. Currently, ClinicalTrials.gov lists around 392,330 studies with different locations in 219 countries.
North America is expected to hold a major share of the global medical holography market, owing to the increasing presence of medical schools and medical trials in the United States. For instance, according to the U.S. National Institutes of Health (NIH), there are currently around 155 accredited MD-granting institutions and around 37 accredited DO-granting institutions in the United States.
The Asia Pacific is estimated to witness high growth in the global medical holography market, owing to the increasing prevalence of medical educational institutions in developing regions such as India. For instance, according to Indian Medical Association, as of May 2020, there were around 542 medical colleges in India along with 64 standalone PG Institutes, which are recognized by National Medical Commission.
Reasons to Purchase this Report
• Current and future of global Medical Holography market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Table of Content
Global Medical Holography Market Research Report
Section 1: Global Medical Holography Industry Overview
Section 2: Global Economic Impact on Medical Holography Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Medical Holography Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
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