Healthcare Segment to Emerge as the Largest End-user for Holographic Imaging Technology
Arizton’s recent market research report on the global holographic image market identifies Holotech Switzerland, Lyncée Tec, EchoPixel, RealView Imaging, Nanolive SA, zSpace, LEIA INC, Jasper Display Corp., Realfiction, Provision 3D Media, and Holoxica as the leading vendors that are likely to dominate the market during the forecast period. This research report provides a detailed segmentation of the holographic image market by technology (reflection, transmission, and hybrid), end-users (healthcare, commercial, defense and aerospace, education, corporates, tourism, and others), applications (image production, 3D replication, information storage, scanning and detection of scattered lights, real-time non-destructive testing and inspection), display type (laser plasma, micromagnetic piston, touchable, and holographic TV display), and geography (North America, APAC, Europe, MEA, and Latin America).
The global holographic image market is likely to reach around $4.50 billion by 2024, growing at a CAGR of approximately 39% during 2018–2024.
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The global holographic image market is divided by technology, end-users, application, display type, and geography.
Holographic Imaging to offer Easy, Accurate, and Efficient Treatment Options
The healthcare sector is the largest end-user of the global holographic image market and is expected to grow at a CAGR of around 37%. Currently, the industry is witnessing a surge in demand for AR (augmented reality) and VR (virtual reality). Since 2011, more than 1,200 venture capitalist has invested more than $14 billion in the US for developing digital healthcare technologies. Next-generation sequencing (NGS), 3D-printing, Immunotherapy, Artificial Intelligence (AI), Point-of-care diagnostics (POC), Virtual Reality (VR), Augmented Reality (AR), biosensors and trackers, convenient care, and telehealth are major innovations in the healthcare industry. Holographic technology makes treatment and diagnosis easier, more accurate, and efficient. Recently, the cardiologists and cardiac surgeons at Toronto General Hospital’s Peter Munk Cardiac Centre (PMCC) performed the first live medical procedure using real-time holographic imaging developed by Israeli company RealView Imaging Ltd.
Image Production is Widely used by Hospitals and Diagnostic Centers
In 2018, the image production application was estimated at around $213 million and is expected to grow at a significant rate during the forecast period. Image production technology is widely used in the healthcare sector and art galleries. Holographic imaging is extensively used in hospitals and diagnostic center for MRI, x-rays, and CT scans that need to be converted into holographic images for accurate understanding and diagnosis of the disease. Hence, the major demand for image production is estimated to be from the medical sector, which is further expected to propel the global holographic image market.
Laser Plasma is the Most Popular Display Type
The laser plasma display type is leading the global holographic image market and is expected to continue its dominance during the forecast period. The concept of laser plasma was introduced in 2005 by the University of Texas. The laser plasma display uses a series of powerful lasers that focus light at the target to create plasma excitations in thin air. In 2018, laser plasma was the most used holographic display that accounted for around three-fourths of the market.
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The complete overview of the latest market research report on the global holographic image market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges and provides market sizing and forecast for major geographical regions and key countries.
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