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What key factors are powering the surge in the medical holography market right now?

The size of the medical holography market has surged impressively over recent years. It is projected to expand from $2.30 billion in 2024 to $2.78 billion in 2025, fuelled by a compound annual growth rate (CAGR) of 21.1%. Factors such as heightened usage of holography products, an ageing population, increased cases of chronic illnesses, greater implementation of holographic displays, and significant investment in research and development have contributed to this historic period of growth.

How fast Is the medical holography market expected to grow, and what’s its future value?

The medical holography market is predicted to experience significant expansion in the coming years, reaching a value of $5.92 billion in 2029 with a compound annual growth rate (CAGR) of 20.8%. This substantial growth within the forecast period can be attributed to factors such as the increasing incidence of chronic diseases, the rising employment of robotic surgeries, the escalating investment in medical holography research, the growing awareness of its clinical applications, and the aging population. The period also forecasts major trends including technological progress, advancements in operating room technologies, the emergence of mixed reality (MR) applications, as well as an increase in the usage of 3D depictions and augmented reality.

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What are the leading drivers of growth in the medical holography market?

The progression of the medical holography market can be credited to the increasing prevalence of robotic surgeries. These surgeries, characterized by surgeon controlled robotic systems, prioritize precision and minimal invasiveness, enhancing efficiency and reducing recovery period. The surge in usage of these robotic surgeries can be attributed to their superior levels of precision, reduced invasiveness, quicker recovery times, and lesser complications, all facilitated by technical evolution and the incorporation of Artificial Intelligence. Medical holography aids these robotic procedures by providing surgeons with detailed three-dimensional images of the patient’s body, raising precision and guaranteeing improved outcomes. As an example, Intuitive Surgical Inc, a manufacturer of robotic products based in the United States, reported that 1,875,000 surgical procedures were performed using the Vinci Surgical Systems, a highly advanced robotic surgical system, in 2022, marking an 18% growth from the 1,594,000 surgical procedures executed in 2021. Consequently, the amplification in the use of robotic surgeries can be identified as a driving factor for the expansion of the medical holography market.

What are the key segments defining the medical holography market?

The medical holography market covered in this report is segmented –

1) By Type: Holographic Displays, Holographic Prints, Holographic Microscopy, Holographic Scanners

2) By Application: Medical Imaging, Opthalmology, Dentistry, Urology, Orthopedics, Medical Education, Biomedical Research, Other Applications

3) By End User: Hospitals And Clinics, Academic Medical Centers, Research Laboratories, Pharmaceutical And Biotechnology Companies

Subsegments:

1) By Holographic Displays: 3D Medical Imaging Displays, Surgical Visualization Displays, Diagnostic Imaging Displays

2) By Holographic Prints: Anatomical Model Prints, 3D Printed Medical Models, Patient-Specific Surgical Plans

3) By Holographic Microscopy: Cellular Structure Visualization, Live Tissue Imaging, Nano-Scale Imaging In Biomedicine

4) By Holographic Scanners: 3D Body Scanners For Diagnosis, Optical Coherence Tomography (OCT) Scanners, Holographic Ultrasound Scanners

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Who are the key players steering the development of the medical holography market?

Major companies operating in the medical holography market are Medtronic PLC, Koninklijke Philips N.V., Holoxica Limited, Voxon Photonics, 3D Systems Inc., Kino-mo Limited, Ultraleap Limited, Siemens Healthineers AG, Lumus Ltd., Zebra Medical Vision Ltd., RealView Imaging, Vuzix Corporation, EchoPixel Inc., ImmersiveTouch Inc., Medivis Inc, Hypervision Ltd, Holo Industries LLC, Nanolive SA, Lyncée Tec SA, Phase Holographic Imaging AB

What emerging trends are influencing the growth of the medical holography market?

Major players operating in the medical holography market are focusing on developing innovative solutions, such as advanced immersive holographic visualization, to improve the accuracy and efficiency of medical diagnoses and treatments. Immersive holographic visualization creates interactive, three-dimensional holograms that enable users to explore complex data or environments in a highly realistic and engaging manner. For instance, in March 2024, Siemens Healthineers, a Germany-based medical technology company, launched the Cinematic Reality app, which enables users to view immersive, interactive holograms of the human body. The Cinematic Reality app is built to utilize the capabilities of Apple Silicon and Metal, providing a solid base for future advancements. The app allows users to view immersive, interactive holograms of the human body generated from real-world medical scans. This capability enhances the visualization of anatomy, aiding in surgical planning and medical education. In the future, it could assist surgeons with pre-operative planning, support better communication between specialists from different disciplines, and help non-radiologists and patients better understand medical scans and conditions.

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Which regions are most influential in expanding the medical holography market?

North America was the largest region in the medical holography market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical holography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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