Recent advances in microscopy techniques have opened new avenues for microscopes to be used in optogenetics, nanophotonics, photochemical catalysis, and the fabrication of superhydrophobics.

Optogenetics is a neuromodulation technique that uses light as a stimulus to control and monitor the activities of individual neurons in living tissue. A recent application of optogenetics in combination with microscopy is in research on layers of cultivated excitable cells to understand the general biology of action, potential generation, axonal signal transmission, and synaptic activities.

These emerging application areas of microscopy are expected to offer significant growth opportunities to market players in the coming years. 

Microscopy Market is projected to grow from USD 7.2 billion in 2022 to USD 9.5 billion by 2027, at a CAGR of 5.8% from 2022 to 2027, according to a new report by MarketsandMarkets™. Factors such as advancement in technology of microscopes, growing interest of nanotechnology and regenerative medicines, better regulatory procedures along with growing application scope and high demand from key end users are driving the market growth. 

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By product, the microscope segment accounted for the largest share in the global microscopy market during the forecast period.

Broad and sustained demand of microscopes among key end users such as semiconductor and electronics, healthcare & lifescience, automotive industries, and materials science is a prominent factor for market growth. 

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Based on end users, the microscopy market is segmented into industrial users, diagnostic and pathology labs, pharma-biopharma companies and CRO’s, academic & research institutes, and other end users. In 2021, the industrial users segment accounted for the largest share of the market. Pharma-biopharma companies and CRO’s is the second fastest growing end-user segment. Factors such as continous and increasing R&D and manufacturing to meet the global demand for medicines, medical innovations such as precision medicine, cell and gene therapy and immuno-oncology are driving the growth of this end user segment.

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North America dominated the global microscopy market in 2021

The microscopy market is divided into five major regions— Europe, North America, Asia Pacific, Latin America and the Middle East & Africa. North America accounted for the largest share of the global market, closely followed by Europe. The market in North America is increasing due to factors such as huge R&D budgets, availability of advanced microscopy systems offered by market players, a high and growing focus on nanotechnology, and the presence of a large number of prominent research organizations and universities in the region.

During the projected period, Asia Pacific is expected to grow at the fastest rate owing to the presence of leading manufacturers in countries, such as Japan, coupled with a thriving number of local manufacturers in countries, such as China and India, are the factors spurring the growth of the region.

The major companies in the microscopy market include Carl Zeiss (Germany), Danaher Corporation (US), Thermo Fisher Scientific (US), Nikon (Japan), Bruker Corporation (US), Olympus (Japan), Oxford Instruments (UK), JEOL (Japan), and Hitachi High-Technologies (Japan), among others.