Global Analysis and Forecasts for Microscopy Market
Browse in-depth TOC on "Microscopy Market"
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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. Additionally, availability of technologically advanced microscopes, development of technically advanced products with capabilities, such as faster performance and easy sample preparation techniques is also expected to push market growth during the forecast period.
By type, the electron microscopes segment is expected to witness the highest of the microscopy market during the forecast period.
Based on type, the global market is segmented into optical microscopes, electron microscopes, scanning probe microscopes, X-ray, and other microscopes. The electron microscopes segment is estimated to grow at the highest CAGR during the forecast period.
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The global Microscopy Market boasts a total value of $7.2 billion in 2022 and is projected to register a growth rate of 5.8% to reach a value of $9.5 billion by 2027. key factors driving the market growth are Technological innovations and advancements in microscopes, encouraging funding scenarios for R&D in microscopy, rising attention towards regenerative medicine and nanotechnology, and increasing academia-industry collaborations.
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.
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