Germany holographic imaging market to witness a double-digit CAGR over 2018-2024, medical imaging to drive the application landscape
Publisher : Fractovia | Latest Update: 2019-03-15 | Published Date : 2017-06-28Request Sample
With the exploration of potential contributions of holograms in medical space, holographic imaging market is likely to carve an escalating growth trajectory in the coming time frame. Until recently, medical images produced by MRI, CT scan, or X-ray, were mostly 2D slices of three-dimensional objects. The interpretation of these images requires spatial calculations which sometimes result in loss of appropriate clinical information. With the advent of holographic imaging, the calculation errors and the threats of losing vital clinical data have significantly reduced.
U.S. Holographic Imaging Market Size, By Product, 2017 & 2024 (USD Million)
Technological advancements in the healthcare fraternity have further stimulated the product penetration. Availability of medical devices that can efficiently interpret holographic interferograms are rising day by day, which in turn is enhancing the business landscape of the market. Statistics depict that holographic imaging market is projected to take a giant leap in terms of its valuation in the ensuing years.
Of late, holograms have been increasingly adopted by surgeons, biomedical scientists, research associates subject to the fact that it allows doctors to effectively study the human anatomy virtually, eliminating the need for manual testing procedures. 3D imaging is the latest addition which is witnessing an upsurge in the holographic imaging market. Top notch companies involved in the market are engaging themselves in novel product launches and integration of latest technologies to stay ahead in the competitive landscape. Recently, Holoxica, a holographic imaging market giant, has launched world’s first ever 3D anatomy human atlas prototype that has claimed to offer a fresh insight into diagnosing, identifying, and treating to a variety of neurological disorders. This is profoundly one of the major breakthroughs in the neuroscience domain. Some other prominent names operating in holographic imaging market include Zebra Imaging, RealView Imaging, Ovizio Imaging, EON Reality and Mach7 Technologies.
Holographic imaging market finds its extensive deployment across medical academia, research organizations, hospitals & clinics, and biotech & pharmaceutical sectors. Of these, hospitals and clinics are known to have held an appreciable 28.9% of the holographic imaging market revenue share in the year 2017. This growth can be aptly credited to the rising adoption of holographic imaging devices in disease detection. Of late, it has been observed that endoscopic holography has come to be used as a major tool for nondestructive, non-contact measurements and resolution imaging within the cavities of human internal organs.
The medical fraternity has been completely revolutionized with the introduction of holograms especially in the treatment of neurological and cardiovascular diseases. On these grounds, medical imaging is expected to contribute significantly toward holographic imaging industry share by 2024. Indeed, attributed to the rising deployment of holograms in detecting orthopedic disorders and more, holographic imaging industry share from medical imaging is anticipated to register a CAGR of 31.7% over 2018-2024.
Regionally, Germany is expected to emerge as a pivotal geographical contender for holographic imaging market. This can be aptly credited to the escalating awareness in the region with respect to the availability of highly superior holographic imaging systems. Not to mention, the region is characterized by a substantial rise in the number of people afflicted with bone disorders. As per estimates, Germany holographic imaging market size is expected to register an exceptional CAGR of 33.3% over 2018-2024.
Geographically, Japan is another lucrative belt which is likely to witness profitable road map in the holographic imaging market. Being one of the most progressive nations, the country beholds upgraded healthcare facilities and technologically equipped medical infrastructure. In addition to this, the initiatives taken by the regional government pertaining to biomedical research will further fuel holographic imaging market demand.
High capital investments associated with the process and the lack of proper accessibility of the technology owing to its computational complexities may hamper the holographic imaging market growth over the coming years. However, prominent industry participants are investing in research activities to come up with advanced cost-effective technologies. With holography as a technology having gained a global attention, the 3D holographic imaging market is poised to witness phenomenal gains in the coming years. As per a report by Global Market Insights, Inc., holographic imaging market is slated to record a valuation of USD 2.5 billion by 2024.
