Medical Holography Market is anticipated to grow at a double digit CAGR from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Medical Holography Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global medical holography market is estimated to be over US$ 200.0 Mn in 2017. It is anticipated to grow at a double digit CAGR from 2019 to 2030.
The continual growth of the medical holography market can be attributed to several factors which have led to wide scale adoption of products and several devices, which are extensively used for better understanding of human anatomy. Moreover, the growing demand for advanced medical imaging technology across the globe coupled with increasing investment in the field of R&D is anticipated to further contribute to the substantial growth of the global medical holography market between 2019 and 2030.To further ensure product penetration and to educate about product technology, key players in medical holography have adopted strategies of placing its products in educational institutions. To support this, Western University of Health Sciences has equipped its facilities with latest medical holographic devices from zSpace. Devices like 3D projection monitors have been installed to educate students and promote its products.
Increasing Demand for Medical Imaging Devices
The need for medical imaging systems to obtain a better understanding of the human anatomy, and therefore deduce a better treatment approach for the concerned ailment, has been a major driving factor contributing to the growth of the global medical holography market. The complex anatomy of various organs or body parts demands for imaging systems to be precise and extremely accurate. Similarly, wide scale application of medical holography in radiological & surgical procedures, orthopedics, dentistry, and cardiac electrophysiology, makes the entire use of such systems highly crucial.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Medical Holography Market by Type (Holographic Prints, Holographic Microscopy, Holography Software, Holographic Display), Application (Medical Imaging, Medical Education, Biomedical Research) End Users (Hospitals & Clinics, Medical Institutes, Academic Centers) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents: https://www.marketindustryreports.com/medical-holography-market/14
Increasing R&D Investments & Activities by Major Establishments
Increasing project initiation and investments in sector of R&D by various biotechnology and pharmaceutical companies is anticipated to increase the overall number of biomedical researches. This in turn is anticipated to positively contribute to the growth of the medical holography market; as such devices are widely used for the purpose of imaging and obtain a better understanding of the overall working and mechanism of the human body.
High Costs of Devices to Restrain the Market
Medical holographic imaging devices utilizes novel technologies which require high initial investments in terms of manufacturing costs. Similarly, such systems uses other imaging and projection technologies like 2D and 3D displays to project better, efficient accurate images. Hence, the costs associated with manufacturing ultimately leads to high cost of the machines, thereby directly limiting the affluent growth of the medical holographic market.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy, and increasing awareness regarding cosmetic treatment and latest technologies is anticipated to present a lucrative growth scenario for the medical holography market in this region. Furthermore, attractive procedure rates, coupled with supportive government healthcare regulations and norms is expected to present an attractive growth prospect for the market in the coming years.
Major Players in the Medical Holography Market
The prominent players in the global medical holography market are RealView Imaging Ltd., Mach7 Technologies Ltd., Holoxica Ltd., Ovizio Imaging Systems, ZSpace, Inc., Lyncée Tec SA, Zebra Imaging, EchoPixel, Inc., and Holografika Kft among others.
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