Driven by growing use in diagnostic imaging for educational and training purposes, the medical holography market is expected to reach $4.04 billion by 2025, according to a new report by market research firm Grand View Research.
The ability of holographic displays to generate high-quality 3D images allows for better insight into the progression of disease, according to the company. Growth opportunities are being driven by the inherent benefits of holography over conventional alternatives, high physician demand to gain deep insights during diagnosis, and heightening technological sophistication, Grand View Research said.
Holographic displays accounted for the dominant share in 2015 among medical holography product segments, owing to surging demand for precision in assisted surgeries, according to the firm. The medical imaging segment is expected to grow at a constant rate through 2025 due to the consistent efforts of major companies to promote the incorporation of holographic products in clinical applications.
On a regional basis, North America holds a 38% share of the overall medical holography market due to consistent investments in research and development. However, the Asia-Pacific sector is projected to experience a 32% compound annual growth rate during the forecast period. This exponential growth will be driven by rising healthcare spending, consistently growing healthcare infrastructure, and elevated awareness of the usage of holography products in medical applications, the company said.
