Microscopy Market Growth Drivers & Opportunities | MarketsandMarkets
The global microscopy market is expected to grow at a CAGR of 5.8% during the forecast period of 2022 to 2027. The segmentation of the market has been done by technology, product type, application, and end user. The market has been witnessing growth due to the increasing demand for enhanced imaging techniques and technological advancements in microscopy.
The rising prevalence of chronic diseases, increasing number of research and development activities, and growing investments in the healthcare sector are some of the factors driving the growth of the market. The increasing demand for high resolution imaging, rise in the number of life science applications, and growing adoption of medical imaging techniques in diagnostics are some of the other factors driving the market growth.
On the basis of technology, the market is segmented into electron microscopy, optical microscopy, scanning probe microscopy, and others. The optical microscopy segment is expected to be the largest segment, owing to its wide range of applications in healthcare and life sciences. On the basis of product type, the market is divided into instruments and consumables.
The consumables segment is expected to be the largest segment, owing to the increasing demand for consumables in microscopy. On the basis of application, the market is segmented into life sciences, material sciences, and others. The life sciences segment is expected to be the largest segment, due to the increasing demand for life sciences research and development.
On the basis of end user, the market is divided into hospitals, academic and research institutes, and others. The academic and research institutes segment is expected to be the largest segment, due to the increasing demand for research and development activities.
Trends | Future and Growth for "Microscopy Market"
1. Increasing demand for high-resolution microscopes: High-resolution microscopes, such as super-resolution microscopes, are becoming increasingly popular due to their ability to provide unprecedented detail and clarity. This increased demand is driving growth in the microscopy market, as manufacturers strive to keep up with the demands of the industry.
- Growing demand for automation in microscopy: Automation is becoming increasingly important in microscopy, as it allows for more efficient and accurate results. Automation can help reduce the time and cost associated with microscopy, and help improve the accuracy of results. This, in turn, is driving growth in the market.
- Growing demand for 3D imaging: 3D imaging is becoming increasingly popular in microscopy, as it allows for more detailed and accurate results. This increased demand is driving growth in the market, as manufacturers are striving to meet the needs of the industry.
- Growing demand for advanced imaging techniques: Advanced imaging techniques, such as confocal imaging and fluorescence imaging, are becoming increasingly popular in microscopy. These techniques allow for more detailed and accurate results, which is driving growth in the market.
- Increasing demand for digital microscopy: Digital microscopy is becoming increasingly popular due to its ability to provide detailed images at a fraction of the cost of traditional microscopes. This increased demand is driving growth in the market, as manufacturers strive to keep up with the demands of the industry.
Growth Drivers & Opportunities for "Microscopy"
Growth Drivers:
- Advances in microscopy technology: Advances in microscopy technology have enabled researchers to explore and understand biological samples with greater accuracy, detail, and precision. This has allowed for the development of new techniques and applications, such as fluorescence microscopy, electron microscopy, and scanning probe microscopy.
- Increasing demand for high-end microscopes: The demand for high-end microscopes is rising as they offer higher resolution and better imaging capabilities, enabling researchers to work with smaller and more complex samples.
- Growing demand for research in life sciences and healthcare: The increasing demand for research in life sciences, such as biotechnology and pharmacology, is driving the demand for microscopes. Additionally, healthcare organizations are increasingly using microscopes for medical diagnosis, creating a need for more advanced and powerful microscopes.
- Increasing investment in research and development: Governments and private organizations are investing heavily in research and development activities, which is creating a need for high-end microscopes and driving the growth of the microscopy market.
Opportunities:
- Expansion of applications: The microscopy market is expected to witness significant growth in the coming years, as the applications of microscopes are expanding to include industrial, medical, and research applications.
- Growing demand for advanced microscopes: The demand for advanced microscopes is increasing as they offer higher resolution and better imaging capabilities. • Increasing demand for automated microscopes: Automated microscopes are gaining in popularity as they offer greater accuracy and efficiency.
- Increasing focus on nanotechnology: Nanotechnology is gaining traction as an emerging technology, and microscopes are increasingly being used to explore and understand nanoscale phenomena. This is creating an opportunity for the microscopy market to expand.
Download an Illustrative Overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=399
The global microscopy market size is projected to reach USD 9.5 billion by 2027, registering a CAGR of 5.8% over the forecast period, according to a new report by MarketsandMarkets™.
Growing demand for imaging techniques such as fluorescence microscopy, confocal microscopy, electron microscopy, and live cell imaging is a major factor driving the market.
The market is highly consolidated with the presence of major players, such as Carl Zeiss AG; Olympus Corporation; Nikon Corporation; Bruker Corporation; JEOL Ltd.; Hitachi High-Technologies Corporation; and Leica Microsystems.
These companies are investing heavily in research and development activities to introduce innovative products that are cost-effective and offer advanced features. On the basis of product, the market is segmented into optical microscopes, electron microscopes, and scanning probe microscopes. Optical microscopes accounted for the largest share of the market in 2019.
The segment is anticipated to witness a significant growth rate due to its wide applications in life sciences and material sciences. In addition, introduction of advanced optical microscopes such as the confocal microscope and fluorescence microscope are further driving the segment growth.
On the basis of application, the market is segmented into life sciences, material sciences, and semiconductor & electronics. The life sciences segment held the largest share of the market in 2019. This is attributed to the increasing use of microscopes in various bioscience research activities. Furthermore, increasing investments in life sciences research and development activities globally are contributing to the segment growth.
Regionally, North America held the largest market share in 2019 due to the presence of major vendors in the region and rising demand for advanced imaging techniques such as electron microscopy and fluorescence microscopy. In addition, increasing government funding for microscopy research and development activities are further driving the market in the region.
Asia Pacific is expected to witness the fastest growth rate over the forecast period due to increasing investments in life sciences research and development activities in the region. The presence of a large number of vendors in China and Japan is further contributing to the regional growth. In addition, increasing number of research activities in the Asia Pacific is anticipated to drive the microscopy market in the region.
The global microscopy market is expected to surge in the upcoming years due to technological advancements, increased application of microscopy in various industries, and the rising need for the development of advanced research tools.
The increasing demand for advanced imaging techniques to study biological samples is expected to drive the demand for microscopy in the upcoming years. Moreover, the growing need for enhanced disease diagnosis and treatment, combined with the increasing prevalence of cancer and other chronic diseases, is likely to boost the demand for the market during the forecast period.
The market is highly competitive and many players are focusing on innovation and product development to gain a competitive edge. For instance, in April 2019, Olympus Corporation launched a new line of products, including a new confocal laser scanning microscope. The microscope is designed to provide high-resolution imaging and advanced features, such as easy operation and intuitive control.
Furthermore, increasing government investment in R&D activities is expected to drive the market. For instance, in October 2019, the Indian government announced an investment of USD 7.4 billion to support the development of advanced research tools.
The report includes an analysis of the impact of the COVID-19 pandemic on the market and provides an assessment of the market’s post-pandemic scenario.
Key Players
- Nikon Corporation
- JEOL Ltd.
- Bruker
- Carl Zeiss AG
- Olympus Corporation
- Hitachi High-Technologies Corporation
- Phenom-world B.V.
- Keyence Corporation
- Meiji Techno Co., Ltd.
- Tescan Orsay Holding, a.s.
- Delong America, Inc.
Request for assumptions & how numbers were triangulated : https://www.marketsandmarkets.com/requestsampleNew.asp?id=399
Challenges and Future Development for "Microscopy Market"
1. Increased Competition: The microscopy market is highly competitive and is expected to witness increased competition in the coming years, due to the presence of several established and new players. Companies are now competing with each other to offer innovative products and services in order to gain an edge over the competition.
2. Technological Advancements: The microscopy market is witnessing technological advancements, such as the development of new imaging techniques, improved lenses and camera technologies, and improved software. These technological advancements are likely to create new opportunities for the market in the coming years.
3. High Costs: The cost of purchasing a microscope is high, and this presents a significant challenge for the market, as most people cannot afford to purchase a high-end microscope. Companies are now focusing on developing cost-effective solutions which would enable users to purchase microscopes at an affordable price.
4. Increasing Demand for Automation: There is an increasing demand for automation in the microscopy market, as it helps to reduce errors and improve accuracy. Companies are now focusing on developing automated microscopes which would enable users to carry out their tasks more efficiently.
5. Regulatory Challenges: Regulatory challenges are also expected to present a challenge to the market, as most countries have stringent rules and regulations in place when it comes to the use of microscopes. Companies are now focusing on understanding the regulatory requirements in various countries in order to comply with them.
Content Source:
1. https://www.globenewswire.com/en/news-release/2022/09/19/2518478/0/en/Microscopy-Market-worth-9-5-billion-by-2027-Exclusive-Report-by-MarketsandMarkets.html
2. https://www.prnewswire.com/news-releases/microscopy-market-worth-9-5-billion-by-2027--exclusive-report-by-marketsandmarkets-301619022.html
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian