Holographic Imaging Market Projected To Grow With Significant CAGR Over The Forecast Period
Posted: May 14, 2018
Holographic Imaging devices produce a 3D image of objects by recording the split beam of a light from laser. Holographic imaging helps the healthcare professionals to keep their diagnosis infection free and provide a healthy diagnosis. The recorded interference enables to view real 3D image. The existing 3D technologies like 3D rotational angiography, 3D-CT, and 3D-ultrasound revolutionized medicine allow the doctors to observe patient’s anatomy without any incisions. Holographic systems collect the data from MRI and CT scans and convert into 3D visualizations and finally creates a virtual object in the actual 3D space. Holographic imaging helps to examine the heart conditions and colon cancer without cutting the skin.
Increasing awareness about the holographic imaging in medical education, medical research, and medical imaging purposes and rise in holography techniques adoption by the academic medical centers, surgeons, and biomedical researchers expected to grow the holographic imaging market. Moreover, technology advancements in the hologram recording procedures, tools available for the interpretation of interferograms, and endoscopic holography for high resolution with non-invasive measurements inside human organs also drive the holographic imaging market. However, the high computational cost of processing, issues associated with projection under the sunlight, and the requirement for sophisticated and complicated recording methods might restrain the growth of holographic imaging market.
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The holographic imaging market is categorized into following-
1. Product type
- Holographic Display
- Holographic Prints
- Medical Imaging
- Medical Education
- Biomedical Research
Biotechnology and Pharmaceutical Companies, academic and research institutes and hospitals and clinics.
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And lastly on the basis of geographical regions, holographic imaging market has been segmented into following five regions-North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America holds the largest share in holographic imaging market followed by Europe and Asia-Pacific. Rise in biomedical research activities, adoption of holographic imaging by research academics centres and laboratories are expected to propel the market in North America region. Europe holds a significant share in holographic imaging market attributed to increase in research and development activities and new products launching in near future. Asia-Pacific is an emerging holographic imaging market due to increase in population, especially in India and China. Some of the key players in holographic imaging market are EchoPixel, Inc. (U.S.), Mach7 Technologies Ltd. (U.S.), Realview Imaging Ltd. (Israel), Ovizio Imaging systems (Belgium), zSpace, Inc. (U.S.), Holoxica Ltd. (U.K.), Lyncee Tec. (Switzerland), NanoLive SA (Switzerland) Zebra Imaging (U.S.), Eon Reality (U.S.), and Phase Holographic Imaging AB (Sweden) to name a few. In 2016, Holoxica Ltd launched holographic 3-D digital atlas prototype of human anatomy for the neuroscience medical experts as an insight into the detection, diagnosis, and treatment of neurological disorders. While in 2015, Phase Holographic Imaging entered into a collaboration agreement with University of California, San Francisco (USCF), to enhance the ongoing skin cancer research process by incorporating Holomonitor.
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The most commonly adopted strategies by market include new product launches with technological advancements, acquisitions & mergers, agreements, and collaborations to capture significant holographic imaging market share. For instance, in 2015, Phase Holographic Imaging inked an agreement with the Boston Children’s for the evaluation of HoloMonitor technology in the cancer research. For instance, Zebra Imaging, a renowned Texas-based holographic imaging industry player, has developed the ZScape holographic motion display, a technology that is designed to produce true holograms. The company has partnered with the Zygote Media Group with an intention of getting this technology commercialized and deployed at major medical schools across the United States. Rise in clinical applications of the holography imaging in healthcare industry also boosting the holographic imaging market growth. For instance, in 2014, real view imaging completed the clinical study using the 3D hologram of a working heart to help surgeon operate the patient.
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