The global holographic imaging market size was US$ 43.4 million in 2021. The global holographic imaging market is forecast to grow to US$ 503.06 million by 2030 by growing at a compound annual growth rate (CAGR) of 32.9% during the forecast period from 2022 to 2030.
Factors Influencing the Market
Growing demand for minimally invasive surgeries will fuel the growth of the global holographic imaging market. Holographic imaging discards the need to perform invasive surgeries. In addition, holographic imaging is also being tested for Coloscopy applications. Thus, the wide applications of holographic imaging in the medical sector will surge the growth of the global holographic imaging market.
Rising awareness about the beneficial applications of holographic imaging in training and medical education will escalate the market growth. Furthermore, the rising demand for 3D imaging technology from clinicians and physicians will propel the holographic imaging industry forward.
Rising initiatives by government bodies will stimulate the growth of the holographic imaging systems market during the study period. Additionally, the growing prevalence of cardiovascular disorders will propel the holographic imaging market forward.
The drastic rise in healthcare expenditure all across the world and improving healthcare infrastructure will benefit the holographic imaging market.
Technological advancements in the holographic imaging industry will stimulate market growth. For instance, Holoxica Limited unveiled its innovative holographic 3-Dimensional digital atlas prototype, which showcases the human anatomy to help medical experts of neuroscience.
COVID-19 Impact Analysis
The COVID-19 pandemic has changed the outlook of the holographic imaging industry. Due to the pandemic, investments in the holographic imaging industry decline abruptly. In addition, disruptions in manufacturing activities further hampered the growth of the holographic imaging market. Moreover, research activities were also postponed due to the unavailability of raw materials and import-export challenges. Thus, all of these factors hampered the growth of the holographic imaging market during the COVID-19 pandemic.
Regional Analysis
North America is forecast to dominate the holographic imaging market throughout the forecast period. It is owing to the growing prevalence of cardiovascular diseases in the region. According to a study by the Centers for Disease Control and Prevention, cardiac diseases are among the leading causes of death in American men. Further, holographic imaging is deployed to provide efficient medical education in the region. Thus, it will contribute to the growth of the holographic imaging market.
Competitors in the Market
EchoPixel, Inc.
RealView Imaging Ltd.
Holoxica Ltd.
Looking Glass Factory
Voxon Photonics Pty. Ltd.
LightSpace Technologies Inc.
Leia Inc.
Holografika Kft
Avegant Corporation
Microsoft Corporation
Coretec Industries LLC
Other Prominent Players
Market Segmentation
The global holographic imaging market segmentation focuses on Product, Nature, Technology, Application, End-User, and Region.
By Product Type Outlook
Integrated Systems & Accessories
Software
By Nature Outlook
Human
Veterinary
By Technology Outlook
Volumetric Displays
Light Field Displays & Other Autostereoscopic Displays
By Application Outlook
Anatomy & Patient Education
Surgical Support
Medical Research
By End User Outlook
Diagnostic Clinics
Operating Rooms & Interventional Suites
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America