#microscopemarket

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Advancements in Microscope Technology: Market Growth and Forecast

The global microscope market size is expected to reach USD 20.43 billion by 2030, registering a CAGR of 8.0% during the forecast period, according to a new report by Grand View Research, Inc. High demand from the healthcare sector and the rapidly growing semiconductor industry are among the key factors boosting the market growth.

Microscope Market Report Highlights

The electron product segment dominated the market in 2023 due to the high product on account of applications in various fields, such as life sciences, semiconductors, and material science

The life science application segment led the market in 2023 due to wide product applications in the diagnosis of diseases

Asia Pacific dominated the market in 2023 and is estimated to record the fastest CAGR from 2024 to 2030

The growth is attributed to the high investments in R&D, product innovations, and the establishment of microscopy centers at research & education institutes, which, in turn, is boosting the product demand

The majority of key manufacturers are headquartered in Japan and the U.S., with a presence in other regions through distributors, subsidiaries, or corporate offices

Manufacturers, such as Olympus Corp., have adopted direct selling by providing online purchasing facilities, along with association with distributors. Other manufacturers provide store/dealer details on their websites, depending on a customer’s location, to facilitate the early purchaset.

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The establishment of microscopy to promote research activities is also contributing to the product demand. One of the most important applications of microscopes is in surgical interventions. Magnified imaging systems are in high demand for cancer and neuroscience surgical procedures to improve procedural success. Major market players are focusing on developing dedicated microsurgery offerings, such as the spine, cranial, and other multi-disciplinary surgeries.

The growing adoption and rising investments in the development of microscopes by precision manufacturing industries are expected to drive market growth. However, due to the impact of the COVID-19 pandemic companies reported decreases in the revenue in the second quarter of the year 2020, which affected the supply chain of most of the companies. Manufacturers in the market are adopting strategies, such as product innovation by integrating the latest technology and geographic expansion through mergers & acquisitions. For instance, in October 2020, Bruker Corp. launched the Vutara VXL Super-Resolution Fluorescence Microscope, designed for biological imaging at the nanoscale, which can improve the study of nano-level cellular biology, especially in the field of spatial omics imaging.

List of Key Players in the Microscope Market

Zeiss Group

Bruker Corporation

CAMECA

Thermo Fisher Scientific, Inc.

Nikon Corporation

Olympus Corporation

NT-MDT SI

Hitachi High-Tech Corporation

JEOL Ltd.

Oxford Instruments (Asylum Corporation)

We have segmented the global microscope market report based on type, application, and region.

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Microscope Market Size, Analysis and Forecast 2031

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Microscope Market Size, Analysis and Forecast 2031

The Microscope Market in 2023 is US$ 11.9 billion, and is expected to reach US$ 22.35 billion by 2031 at a CAGR of 8.20%. FutureWise Researc

Microscope Market Size, Analysis and Forecast 2031

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According to The Expert Market Research Analysis: The Global Microscope Market- Growing application scope and high demand for technologically advanced magnification devices are the factors driving the market. High demand from the healthcare sector and the rapidly growing semiconductor industry are also projected to boost the market growth. Moreover, the establishment of microscopy to promote research activities is contributing to the growing product demand... Get Full Market Overview and Forecast Report from EMR Inc., Website@ https://www.expertmarketresearch.com/reports/microscope-market

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Microscope to Unfurl New Dimensions in Various Fields; Novel Launches to Thrive

The growing demand for electron microscopes in sectors such as semiconductors and microelectronics and the surge in implementation of electron microscopy in healthcare and life-science are the two major factors driving the growth of the market all across the world.

The advent of microscopes has unlocked a completely new dimension in the field of science and microscopy. Most often found in laboratory microscopes are a simple yet sophisticated solution that helps scientists to look earnestly into the world of microbes in order to assemble facts and aspects regarding them.

Over the last centuries, microscopes have undergone many revolutions in terms of resolution such as super-resolution microscopy methods, electron microscopes, and atomic force microscopes. Moreover, the wide utilization of microscopes in various applications has in turn, increased the demand for microscopes.

On the other hand, the market players are highly investing to introduce further advancements. In addition, the stakeholders are adopting various strategies and the launch of innovative products is amongst the most trending. At the same time, the market is undergoing a number of activities. Following are some of the recent happenings in the market.

The launch of advanced products is one of the most trending strategies followed by the market players with the aim of providing the best services to the consumers along with satisfying their requirements. Recently, Nikon, a multinational and leading corporation in optics and imaging has unveiled Nikon Eclipse Ei an educational microscope. The purpose is to meet the need of remote education along with spontaneous operating experience and amended learning experience.

Moreover, the ECLIPSE Ei has a dense and lightweight design that improves compactness and features the chrome-free infinity optical system. Moreover, the microscope also assists in sharing specimen images using a monitor or projector, when combined with an optional Digital Sight 1000 microscope camera.

Following the same trend, a Miltenyi Biotec, a global biotechnology company has launched the UltraMicroscope Blaze, pronounced as the only fully-automated light-sheet microscope. Furthermore, it facilitates the users to image numerous samples at subcellular resolution in 3D. In addition, the instrument aims to have the potential to fast-track a variety of researches in the arena of immune-oncology and neuroscience.

Along with the simplified uses of microscopes, they are widely available. Moreover, the increasing adoption of microscopes in a variety of applications has increased its demand which is anticipated to boost the industry. According to a report published by Allied Market Research, the global microscope market is expected to reach $1.64 billion, at a CAGR of 3.2% from 2020 to 2027.

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Global Microscope Market Expected to Reach $1.64 Billion by 2027: Says AMR

Portland, Oct. 19, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global microscope market was estimated at $1.39 billion in 2019 and...

Rise in demand for electron microscopes in semiconductor and microelectronics and rise in adoption of electron microscopy in the field of healthcare and life-science are the major factors driving the growth of the global microscope market. On the other hand, high initial investment is expected to curb the growth to some extent. Nevertheless, increased R&D activities in the automotive sector are projected to pave the way for numerous opportunities for frontrunners in the industry.

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Covid-19 impact-

Disruptions in supply chain led to huge shortage of raw materials which, in turn, impacted the global microscope market negatively. At the same time, demand for microscopes from sectors like semiconductor & microelectronics, construction, and food processing has also experienced a significant drop, since operations in these divisions have been slowed-up during lockdown.

However, the market is now expected to recoup its position soon, as government bodies across the world are coming up with several relaxations on the existing restrictions & protocols.

The global microscope market is analyzed across type, end-use, and region. Based type, the scanning electron microscope segment contributed to more than half of the total market share in 2019 and is expected to lead the trail during the estimated period. The same segment is also anticipated to portray the fastest CAGR of 3.1% from 2020 to 2027.

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By end-use, the semiconductor and microelectronics segment accounted for nearly two-fifths of the total market revenue in 2019 and is projected to rule the roost by the end of 2027. The healthcare segment, on the other hand, would manifest the fastest CAGR of 3.6% throughout the forecast period.

By region, North America garnered the lion's share in 2019, generating nearly two-fifths of the global market and is expected to maintain its top status by 2027. At the same time, the region across Asia-Pacific would grow at the fastest of 3.6% till 2027.

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The key market players analyzed in the global microscope market report include Hitachi High Technologies, Leica Microsystems, TESCAN GMBH, Carl ZEISS AG, JEOL LTD., Horiba Ltd., Angstrom Advanced INC, Olympus Corporation, Thermo Fisher Scientific, and Nikon. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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Microscope Market to Reach $1.64 Billion, Globally, By 2027 at 3.2% CAGR, Says Allied Market Research

/PRNewswire/ -- Allied Market Research recently published a report, "Microscope Market By Type (Scanning Electron Microscope, Transmission Electron Microscope,...

PORTLAND, Ore., Aug. 11, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "Microscope Market By Type (Scanning Electron Microscope, Transmission Electron Microscope, Focused Ion Beam, and Others) and End Use (Semiconductor & Microelectronics, Healthcare, General Manufacturing, Food Processing, Construction, and Other): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global microscope industry accounted for $1.39 billion in 2019, and is projected to reach $1.64 billion by 2027, growing at a CAGR of 3.2% from 2020 to 2027.

Major Determinants of the Market Growth

Rise in demand for electron microscope in semiconductor and microelectronics, adoption of electron microscopy in the field of healthcare and life-science, and surge in demand for microscope due to advancement in electron microscope have boosted the growth of the global microscope market. However, high initial investment hampers the market growth. On the contrary, increased R&D activities in the automotive sector are expected to create lucrative opportunities for the market players in the coming years.

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COVID-19 Scenario

The production and supply chain management has been disrupted during the lockdown in various countries. Furthermore, the industry witnessed a shortage of raw materials which further impacted production of microscopes.

The demand for microscope from sectors including semiconductor & microelectronics, general manufacturing, food processing, and construction has been decreased, as activities in these sectors have been slow down, during lockdown.

The Scanning Electron Microscope Segment Dominated the Market

By type, the scanning electron microscope segment held the largest share in 2019, accounting for more than half of the global microscope market and is anticipated to rule throughout 2027. Furthermore, the same segment is expected to register the highest CAGR of 3.1% during the forecast period. This is attributed to varied application of electron microscope in healthcare, semiconductor, and construction industries.

The Healthcare Segment to Manifest the Highest CAGR through 2027

By end use, the healthcare segment is expected to register the highest CAGR of 3.6% during the study period. This is due to rise in number of labs for increased R&D activities, which results in increased demand for microscope. However, the semiconductor and microelectronics segment held the largest share in 2019, contributing to nearly two-fifths of the global microscope market, owing to rise in demand for electron microscopes in the microelectronics industry.

North America to Witness Highest Growth

By region, the market across North America held the lion's share in 2019, accounting for nearly two-fifths of the global microscope market. This is owing to the fact that industries in this province find various application for electron microscope such as precision analysis, fault detection, and molecular imaging. However, the market across Asia-Pacific is expected to register the highest CAGR of 3.6% during the forecast period. The industries in Asia-pacific require the information of surface molecular reactions, testing & analysis, nano-structuring, and microelectronic component development, which drive the market growth.

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Major Market Players

JEOL LTD.

Horiba Ltd.

Olympus Corporation

Nikon

Leica Microsystems

Angstrom Advanced INC

Hitachi High Technologies

TESCAN GMBH

Thermo Fisher Scientific

Carl ZEISS AG

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