Holographic Imaging Market Overview
Holographic Images or Spectral CT is emerging as a standard part of CT imaging. This, new generation CT solution allows clinicians to characterize tumors with greater certainty in comparison with the conventional CT scans that provide black and white images. This spectral detector-based CT also provides clinicians with the in-depth spectral information on demand, allowing them to analysis retrospectively at low-dose, which benefits patients. The state-of-the-art imaging systems complemented by a full suite of Spectral CT healthcare informatics solutions, support confident diagnosis, and personalized treatment.
Holographic Images (as instruments and technology) perceives a substantial demand, witnessing widespread installs at various HC infrastructures. Moreover, increasing prevalence of cardiac diseases, cancer, neurological disorders, orthopedic diseases, and many others are escalating the market on the global heights. As a result, the market for Spectral CT is burgeoning rapidly.
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Acknowledging the kind of growth this market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the booming market of Holographic Images is expected witness significant growth by 2023 registering approximately 7.8 % CAGR during the estimated period (2018 – 2023).
As per the statics provided by the National Institutes of Health, the number of patients older than 65 years undergoing diagnostic imaging is over two times more than the youngsters. Furthermore, factors such as technological advancements in the medical imaging devices, demand for advanced diagnosis equipment, and rising geriatric population, worldwide provide impetus to the market growth of spectral CT.
On the other hand, disseminating clinical information, studies, trials and healthcare news by social media the CT scans may increase the risk of brain cancer or other complications are impeding the market growth of Spectral CT, hampering its image and hence, its uptake in the market. Simultaneously, similar innovations such as the emergence of Revolutionary 3D color X-ray are affecting the market growth of Spectral CT.
Nevertheless, favorable reimbursement processes that the Spectral CT is gaining momentum with is expected to support the market growth throughout the assessment period.
Global Holographic Imaging Market – Segmentations
MRFR has segmented its analysis into four key dynamics for an easy grasp
By Product Types: Holographic Display {Laser, Touchable (skin sensor, health patch, others.), Piston, Semi-Transparent}, Microscopes, Software, and Holographic Prints among others.
By Applications: Medical Imaging (Ophthalmology, Dentistry, Urology, Otology, Orthopedics, and others.), Medical Education (Surgery Preplanning & Assistance, Interventional Cardiology, Digital Intimacy, and Biomedical Research, among others), Surgery Preplanning & Assistance, Interventional Cardiology, Digital Intimacy, and Biomedical Research among others.
By End-Users: Pharmaceutical & Biotechnology Companies, Research Organizations, Academic Medical Centers, Hospitals & Clinics, among others.
By Regions: North America, Europe, APAC, and the Rest-of-the-World.
Holographic Imaging Market – Geographical Analysis
The North American region dominates the global holographic images market with the significant market share. Factors like the increasing biomedical research initiatives in holographic image technology and adoption of holographic products by research academics centers and laboratories are substantiating the market growth.
The market in the region is led by the US backed by its considerable share in holographic imaging market share due to increase in preference for the use of holographic imaging technology for medical training and surgeries.
Furthermore, the presence of matured players and a well-developed healthcare sector impacts the market growth positively. Moreover, increasing demand for technologically advanced diagnosis devices which is led by the high health care expenditures along with the government support for biomedical research is acting as a key driving force for the market growth.
The European region stands at the second position, in terms of the market share. The European market is expected to demonstrate healthy growth during the review period attributing to the factors such as the increase in R&D activities and new products launches. Moreover, rapid strategic initiatives such as collaborations and partnerships are fuelling the market growth. Availability of advanced treatment facilities and healthcare expenditures along with the growing demand for better healthcare infrastructure are factoring the market growth in the market growth.
The holographic images market in the Asia Pacific region is emerging as a lucrative market, globally. Factors such as the ever-increasing population, especially in India and China are impacting the market growth positively. Japan holds the largest revenue share whereas, China is poised to be the fastest growing due to its large manufacturing base and increase in demand for better healthcare infrastructure changes.
The MEA (the Middle East and Africa) region holds the lowest share of the global holographic imaging market. Factors such as the growing instances of outsourcing along with the increasing production of holographic imaging devices are expected to reduce the development costs while focusing on the development of highly advanced technologies.
Holographic Imaging Market– Competitive Analysis
The market for holographic images appears to be competitive & fragmented owing to the presence of several matured & small key players forming a competitive landscape. Strategic partnership, expansion, acquisition, product & technology launch, and collaboration remain the key strategies of market players to achieve competitive advantage.
Key Players:
Some of the eminent leaders of the market include Agilent Technologies (US), Thermo Fisher Scientific (US), Koninklijke Philips N.V. (Netherlands), General Electric Company (US), Neusoft Medical Systems (Russia), Pall Corporation (US), Xoran Technologies, LLC (US), Hitachi medical corporation (Japan), Varian Medical Systems, Inc. (US), Siemens Healthcare Private Limited (Germany), Trivitron Healthcare (US), PerkinElmer Inc. (US), Cleaver Scientific Ltd (UK), Bio-Rad Laboratories, Inc. (US), NeuroLogica Corp (US), iCAD Inc. (US), Shenzhen Anke High-tech Co., Ltd. (China), and Shimadzu Corporation. (Japan).
Industry/Innovation/Related News:
October 23, 2018 – Researchers from Beijing (China) published their study of a new technique of external ventricular drain (EVD) they have developed, in the Journal of Neurosurgery Publishing Group. EVD’s insertion involves the use of a mixed-reality holographic computer headset that would allow the neurosurgeon to visualize holographic images of individual patients’ brain structures while performing the procedure. The new technique makes EVD insertion more accurate than the usual freehand technique, which relies only on referral to external anatomical landmarks. The new technique is described as a wearable mixed-reality holographic computer for guiding external ventricular drain insertion at the bedside.
Holographic Imaging MarketResearch Report- Forecast To 2023
Hologram images or Holograms formed through the diffraction of light are referred to both, the encoded materials and the resulting images. These images are seen by looking into an illuminated holographic print or through laser, and projecting onto a screen. Methods of projecting and reflecting images are often described as holographic.
Hologram images are used a lot more than the average person might think. It is still used to create images of people objects, animals, etc. It is also used in credit cards and drivers licenses. Medical Records
They put them in these to prevent forgery of these items. They are also used in medical records, for procedures such as a CAT scan, to provide a detailed layout of a patient.
Construction
The global holographic imaging market is expected to gain eminence over the forecast period (2018-2023). It is projected that the holographic imaging market is anticipated to register a CAGR of 30% during the forecast period of 2018–2023.
Holographic imaging devices are instruments that are able to produce 3D images of any objects by recording the split beam of light from a laser. Holographic microscopes are widely used for 3D imaging of biological samples. Growing recognition of 3D imaging technology among surgeons and physicians should stimulate business expansion. The rising application of 3D holographic display in training and medical education will also drive the revenue. Rapid progress in image processing and electronic detection, numerical computation has enabled improved disease diagnosis. This holographic imaging helps the healthcare professionals provide a healthy diagnosis and to keep their diagnosis infection free. The dawn of new technologies such as digital holographic microscopy yields a 3D volume image from single image capture. For instance, in November 2016, Holoxica Limited sprung up the novel holographic 3-Dimensional digital atlas prototype in the market which showcases the human anatomy for the neuroscience medical experts for providing a holistic insight for detection, diagnosis, and treatment of neurological disorders
Factors such as growing awareness about the holographic imaging in medical education, medical research, and increase in holography techniques adoption by the academic medical centers, surgeons, and biomedical researchers are driving the growth over the forecast period.
Furthermore, endoscopic holography for high resolution used in non-invasive surgeries coupled with the tools available for the interpretation of interferograms is expected to create significant growth opportunities for players operating in the holographic imaging market. Though, factors such as the high computational cost of processing, the requirement for sophisticated and complicated recording methods, and issues associated with projection under the sunlight, are some of the factor restraining the growth of the market.
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