Holographic Imaging Market size worth over $2.5bn by 2024

Published Date: January 11, 2019

Holographic Imaging Market size is set to surpass USD 2.5 billion by 2024, according to a new research report by Global Market Insights.

Growing demand for holograph imaging in medical field will stimulate the market growth during the forecast timeframe. Recently developed holographic imaging systems are highly efficient and possess accuracy. Also, availability of efficient software for holographic interpretation proves beneficial for the industry growth as they find applications in ophthalmology, urology and orthopedics. Moreover, developments in holographic systems have enabled non-invasive diagnosis.

Rising awareness regarding availability of technologically advanced holographic imaging systems will positively influence the market expansion. Government in developed economies such as the U.S. takes several initiatives to raise the awareness levels amongst researchers and scientists regarding availability of holographic imaging systems that facilitates the scientific research processes. However, high computational cost of processing holograms will hamper the industry progression over the coming years.

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Holographic microscopes segment accounted for USD 67.5 million in 2017. Holographic microscopes are highly preferred by researchers and scientists as it helps in determining 3D structure, orientation and position of microscopic sample. Key industry leaders add innovations in the holographic microscopes that simplifies the research process thereby, boosting the segment growth in the coming years.

Browse key industry insights spread across  140 pages with 104 market data tables & 08 figures & charts from the report, “Holographic Imaging Market Size By Product (Holographic Display, Holography Software, Holography Microscopes, Holographic Prints), By Application (Medical Imaging, Medical Education, Biomedical Research), By End-user (Pharmaceutical & Biotechnology Companies, Research Organizations, Academic Medical Centers, Hospitals & Clinics) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/holographic-imaging-market

Medical imaging segment will witness more than 31.7% growth rate through 2024 led by the wide usage of holographic imaging in diagnosing orthopedic as well as other disorders. Holography serves as an excellent tool and has been extensively used to examine internal organs. It possess the ability to record 3D high resolution image of tissues as well as internal organs and has high detection capability that increases its adoption in diagnosing various disorders elevating the growth.

Hospitals and clinics segment captured 28.9% of the market share in 2017 impelled by the growing usage of holographic imaging devices in diagnosis of diseases. Recently, endoscopic holography is explicitly utilized as it is a powerful tool for non-contact, high nondestructive measurements and resolution imaging inside the natural cavities of human internal organs. Also, holographic imaging has numerous applications in ophthalmology that should surge the segment expansion.

Germany market is estimated to attain a CAGR of over 33.3% by 2024. High awareness regarding availability of technologically advanced holographic imaging systems will augment the industry expansion during the forecast period. Additionally, growing prevalence of orthopedic and bone disorders such as rheumatoid arthritis in Germany will elevate demand for x-ray holographic imaging systems thereby, will drive the Germany market demand in the coming years. 

Prominent players in the market includes Holoxica, EON Reality, Phase Holographic Imaging, Holotech, Ovizio Imaging Systems NVSA, Nanolive, RealView Imaging, Vision Optics, Lyncee Tec and zSpace.  These companies adopt several initiatives such as strategic acquisitions, merger and new product launch that helps the company in maintaining its market position.