Medical Holography Market

Medical Holography Market: Overview

The Medical Holography Market is valued at USD 3.7 Bn in 2026 and is projected to reach USD 11.4 Bn,  growing at a CAGR of 17% by 2033.The market size for Medical Holography was USD 581.4 million in 2021, and it is projected to grow at a CAGR of 24.1 percent during the forecast period. One of the medical sector's most potential applications is in medical holography. Holographic imaging technology boosts biomedical research, healthcare, life sciences, and medical education and training. With the accurate quantitative assessment of human internal anatomy features in 3D holographic geometries exhibited in actual physical space, mixed reality (MR) technologies are progressively impacting healthcare delivery. Medical experts may perform improved diagnostic procedures and surgical planning thanks to holographic 3D technology, which enables them to slice virtual organs, tissue, and other body components at different angles. Holomedicine improves accessibility to non-invasive, percutaneous procedures. Medical holograms are now being investigated by surgeons worldwide who want to improve the effectiveness of complicated surgery. Holography's expanding clinical applications are the main factor propelling the worldwide medical holography market. For example, it was noted that numerous top clinical locations had embraced EchoPixel's True3D, a 3D medical imaging program powered by HP, for use in pediatric surgery, according to an article published by Imaging Technology News on March 21, 2017. Clinical facilities like Sick Kids Hospital in Toronto and Nicklaus Children's Hospital in Miami acquired True3D by EchoPixel in 2017. To establish technologically advanced diagnostics and pre-planning of complex cardiac procedures, True3D was included in a 3D lab at Cook Children's Medical Center in Texas in 2017. Through the use of life-size 3D virtual pictures of human anatomy, this 3D technology enables surgeons to interact closely with real-time cardiac procedures.

A significant factor anticipated to propel the growth of the worldwide medical holography market over the forecast period is the rising number of product releases by industry participants. For instance, the True3D Viewer software tool for medical visualization was introduced by American medical device company EchoPixel, Inc. in 2017. The federal government's increased investment in encouraging the use of these solutions has a further impact on the market. The market for medical holography is also benefited from the rise in healthcare spending, improvements in the healthcare infrastructure, and rising demand for extended care delivery.

Medical Holography Market: COVID-19 Impact

On the market, COVID-19 had a significant impact. Due to the high risk of transmission, many nations have enacted lockdown procedures, stopped some trade, implemented travel restrictions, etc. This has disrupted the supply chain and caused a shortage of supplies in many pharmacies and the installation of new devices in diagnostic facilities and hospitals. However, holographic technologies combined with medical imaging are gaining popularity for illness diagnosis. For instance, in October 2020, researchers from New York University created a brand-new technique based on their experiments with holographic video microscopy, which records holograms of test beads using laser beams. Scientists can identify COVID-19 patients' antibodies and viruses using this holographic imaging technique, which can help with their medical diagnostics. In addition to using holograms for medical imaging, one of Case Western Reserve University's programs also employed them to deliver academic content via holograms.

Medical Holography Market: Drivers

Increase in Holographic Items Adoption in Medical Education to Drive Market Growth

In biological research and medical education, holography products are gaining popularity. Growing clinical applications of holography, holography's development as a promising technology in representative complex 3D structures, the burden of chronic diseases, and the clinical urgency to adopt technologically advanced products for early and non-invasive diagnosis all point to the field of medicine holography's potential for growth in several areas.

Growing Technological Advancement to Drive Market Growth

The use of medical holography is significantly increasing in light of ongoing technical breakthroughs. It is widely used in academic contexts to enhance understanding of the biological mechanisms behind diseases. Holography imaging is also quite common in medical services and research organizations. These factors have significantly impacted the global medical holography industry, driving advancement. In addition, statistics like the increase in chronic illnesses and the growing geriatric population are thought to impact the market's growth significantly.

Modernizations in hologram recording techniques have strengthened the foundation for future growth in the global medical holography industry. An increase has also influenced the market's growth in funding and investment for developing new clinical holographic products. However, in addition to the numerous drivers, a few restrictions could wipe out the global market for medical holography. High initial speculation and preparation costs are just two examples of factors that could impede the market's growth. However, the advantages of clinical holography technology over conventional approaches may lessen the effects of the limitations.

Medical Holography Market: Restraints

Expensive Installation and Highly Skilled Labor to Hamper Market Growth

The high computational cost of creating a hologram and the need for qualified specialists to employ medical holography could restrain market expansion over the forecast period. For instance, capturing 3D images using holography technology requires highly skilled healthcare professionals; however, not many clinicians are aware of the recent advancements in holography, limiting the use of holography in the medical field, according to an article published by the Indian Journal of Radiology and Imaging in July 2020. Additionally, compared to conventional 2D imaging methods, the software and technology required to create and display 3D medical pictures are more expensive. Additionally, employing holography to capture an image takes time.

Medical Holography Market: Segment Overview

Holographic Displays to Dominate market due to their Usage in Biomedical Research

The use of holographic displays by researchers and doctors for biomedical research and instructional purposes is predicted to increase the market due to ongoing improvements and alterations to these displays, such as the addition of laser, electro-holographic, and piston-based displays. Holographic displays can potentially impact the field of medical imaging and image-guided therapies, particularly for visualization and appropriate guidance during minimally invasive, non-surgical interventions, coronary interventions, catheter ablation therapy for arrhythmias, and catheter-based structural heart therapies, including heart valve replacements.

Due to  Growing Software Development, Medical Education Category Dominated Market

In the forecast period, the medical education segment held the largest market share, and it is anticipated that it will continue to rule the market during the forecast period. Medical holograms are superior teaching tools to traditional visuals due to their sharpness, intricacies, and great impact. Additionally, it eliminates the need for cadavers by enabling instructors and students to comprehend human anatomy in virtual reality. As structural biology receives more attention in medical schools, different market participants concentrate on producing holographic prints and holography software for medical teaching and training applications. For surgeons and medical students to practice operations and dissections without relying on real corpses and organs, businesses have created a 3D kit. The medical holography market's newest player, Echopixel, has introduced True3D Viewer, the next generation of medical visualization software. Through the use of this program, three-dimensional, fully interactive virtual reality representations are created using anatomical data from patients. As a result of these developments, medical holography is being used more frequently for healthcare research, hospital teaching, and medical education.

Case Western Reserve University and the Cleveland Clinic have also teamed up with Microsoft to build a 485,000-square-foot health education campus using its HoloLens technology. This campus is intended to promote collaborative learning among diverse health professions. It is also predicted that these collaborations will increase demand for these systems.

Medical Holography Market: Regional Landscape

North America to Dominate market due to Growing Chronic Diseases Paitents

North America has the largest share of the medical holography market. The high adoption of technologically improved devices, new product introductions and advancements, and the rising incidence of chronic diseases drive the North American medical holography market. About 20.1 million persons in the United States aged 20 and older had coronary artery disease in July 2021, according to the Centers for Disease Control and Disease Prevention (CDC). As a result, the number of imaging procedures and cardiac interventions has increased due to the high incidence of chronic conditions, which is anticipated to fuel the expansion of the US market. Key market players in the nation are also concentrating on creating and releasing new items, which might stimulate market expansion. Based on data scans and 3D ultrasound devices, the system generates spatially accurate, three-dimensional interactive medical holograms that enable doctors to engage precisely and directly with dynamic holograms of a patient's actual anatomy. Therefore, the reasons above are projected to propel the North American medical holography market throughout the forecast period.

Additionally, increasing product introductions and approvals will help the North American and European regions hold onto their market share in the medical holography industry. For instance, SentiAR, Inc., a U.S.-based medical technology developer, got FDA approval in September 2020 for its ground-breaking CommandEP system, a holographic guidance system used to support cardiologists during invasive cardiac procedures.

Global Medical Holography Market: Competitive Landscape

In June 2022, The NeuraLight 3D Ultra module was made available by Bruker Corporation to facilitate cutting-edge neuroscience and optogenetics research applications on Bruker's ultima multiphoton microscopes. Moreover, in August 2021, The 510(K) clearance from the Food and Drug Administration for Realview Imaging Ltd's i-holographic technology was made public. The system generates spatially precise, three-dimensional interactive medical holograms based on information from conventional CT scans and three-dimensional ultrasound devices.

Few of the players in the Medical Holography Market include 

• Microsoft (HoloLens & healthcare AR/VR solutions)
• Google (Google Health / AR initiatives)
• Meta Platforms, Inc. (formerly Facebook – Reality Labs)
• Magic Leap, Inc.
• HP Inc.
• EON Reality
• CAE Healthcare
• Zebra Imaging (HoloTech)
• EchoPixel
• Osso VR
• Medical Realities
• Echo Healthcare Technologies
• 3D Systems (including healthcare/medical visualization)
• Siemens Healthineers (advanced imaging + visualization tech)
• Philips Healthcare

Global Medical Holography Market Segmentation is Described Below:

By Product

• Holographic Display
• Microscope
• Print
• Software
• Others

By Application

• Medical Imaging
• Medical Education
• Biomedical Research
• Others

By End User

• Hospitals
• Pharmaceutical and Biotechnology Companies
• Others

By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa