Medical Holography Market Opportunity will Rise to US$ 3,565.3 Mn by 2026
Global Medical Holography Market - Snapshot
Holography is a technique through which light is recorded and scattered through holographic display objects even when the source of light is not available due to the absence of original images. Medical holography includes utilization of holographic technology in the field of medicine, by creating virtual images of physical body parts, which help surgeons diagnose severe chronic diseases at an early stage. Medical holography technique is also widely utilized by students and teachers in academic centres to understand the anatomy and complexity of a disease in a better way. Presently, holographic imaging technology is extensively employed in the healthcare industry for body scanning, medical check-up, and research, which in turn has led to significant expansion of the global medical holography market. The advent of inexpensive processors and high-performance imagers has prompted a majority of industries to acknowledge the benefits of adopting medical holographic imaging technology.
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The global medical holography market was valued at around US$ 240.0 Mn in 2017 and is anticipated to reach around US$ 3500.0 Mn by 2026, expanding at a CAGR of more than 30.0% from 2018 to 2026. Rise in prevalence of chronic diseases, such as cancer and cardiovascular events, increase in the geriatric population, and intensive research activities being performed to determine the various applications of holographic techniques in different surgical procedures are key factors that are estimated to propel the market during the forecast period.
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Global Medical Holography Market: Key Segments
The overall medical holography market has been segmented based on product, application, end-user, and region. Furthermore, in terms of product, the medical holography market has been classified into holographic display, holography microscope, holographic prints, and holography software. The holographic display segment is likely to account for a leading share of the global medical holography market during the forecast period, owing to the wide usage of holographic display in displaying final holographic images. Based on application, the medical holography market has been segregated into medical imaging, medical education and biomedical research. Increasing utilization of holography technique in biomedical research is likely to fuel the biomedical research segment in the next few years. Based on end-user, the market has been split into academic centers, pharmaceutical & biotechnology companies, and hospitals. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.
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