Microscopy Devices Market Size, Share & Trends Analysis Report by Charger Type, By Connector, By Application, And Segment Forecasts to 2028
Microscopy Devices Market Outlook 2028
The global microscopy devices market was valued at US$ 8.1 Bn in 2020
It is estimated to expand at a CAGR of 5.6% from 2021 to 2028
The global microscopy devices market is expected to reach the value of US$ 12.4 Bn by the end of 2028
Report Overview: https://www.transparencymarketresearch.com/microscopy-market.html
Impact of COVID-19 on Global Microscopy Devices Market
With significant impact on the global economy and businesses, the coronavirus pandemic has put intense pressure on medical & healthcare systems. The global microscopy devices market is negatively affected due to the coronavirus pandemic. Shortage of raw materials required for microscopy devices and disrupted supply chain have hampered the growth of the global microscopy devices market. However, due to significant efforts taken by healthcare providers and market stakeholders, the global microscopy devices market is expected to show potential growth opportunities in the upcoming years.
The increasing demand for integrated microscopes in research laboratories, hospitals, and diagnostic laboratories is driving the global market. Manufacturers operating in the global microscopy devices are focusing on product innovations due to growing demand at the global level. In addition, microscopic devices are increasingly being used in nanotechnology and semiconductor industries.
Growth and Advancement in Semiconductor Industry to Boost Market Growth
The global microscopy devices market is projected to witness value-grab opportunities in the near future, owing to increasing investments in research laboratories, healthcare advancement, and rising prevalence of diseases across the globe. With rapid advancements in technology, research & development activities are also increasing in developing countries. Moreover, application of microscopes in the semiconductor industry is rising. These devices are widely being used in the semiconductor industry for research & development, quality checking, monitoring, quality control, analysis of process development, etc.
The increasing popularity of nanotechnology, quantum dots, and optoelectronics boosts the demand for microscopic devices.
Increasing Demand Due to Rising Applications in Life Sciences
Manufacturers operating in the global microscopy devices market are increasing their production portfolio to fulfill the demand from healthcare and life sciences sectors. Microscopes are popularly used in the field of cellular biology for stem cells and cancer cells research. Growth and advancement in the field of biomedical engineering boost the demand for microscopy devices. Due to various benefits and unique properties of these microscopic devices, many diagnostic laboratories, ambulatory surgery centers, and physicians make use of them for research and analysis. Fluorescence microscopes, electron microscopes, microscopy accessories, and optical microscopes are extremely beneficial for the biomedical and biological research applications. This growth is expected to continue in the foreseeable future, which, in turn, drives the global microscopy devices market.
Expanding Contact Research Organizations (CROs) Drives Market Growth
Manufacturers operating in the global microscopy devices market are bolstering their research & development capabilities to experiment with new technologies and applications. Microscopy devices companies are establishing their foot in outsourcing R&D activities from various contact research organizations to stay ahead of the competition and generate more revenue opportunities.
Increasing government expenditure on healthcare and research & development activities strengthens the scope and expansion of contact research organizations. Many CROs provide clinical-study and clinical-trial support for different medical devices such as microscopy devices.
In addition, emerging contract research organizations in developing nations are attracting new players in the global microscopy devices market. Several pharmaceutical and biotechnology companies are outsourcing their R&D in order to focus on core business segments, and reduce manpower and other expenditure. This has encouraged CROs to expand their field of expertise and solutions, enter diverse research segments, and provide a range of R&D solutions to the companies.
Opportunities for Prominent Market Players in North America
The increasing presence of highly developed research institutes and laboratories in North America is a major factor driving the microscopy devices market in the region. Investments on R&D, availability of advanced microscopy devices by top market leaders, and rising focus on nanotechnology are some of the factors positively contributing to the market growth in North America.
Growing adoption of technologically advanced microscopy devices such as electron microscopy, scanning probe microscopy, etc., and advancements in life sciences and pharmaceutical industries further boost market growth. However, high cost of advanced microscopy devices and high customs duty & excise tax are factors affecting the growth of the market in North America. Top players in the microscopy devices market are focusing on various strategies to strengthen their market presence.
Microscopy Devices Market: Overview
According to Transparency Market Research’s latest report on the global microscopy devices market for the historical period 2017–2028 and forecast period 2021–2028, increase in incidence of diseases across the globe and technological advancements in the field of microscopy are projected to drive the global microscopy devices market during the forecast period
Rapidly Growing Contract Research Organization Market and High Application of Microscopes in Life Sciences: Key Drivers
Significant and rapid growth of the contract research organization market is attracting new players
Several pharmaceutical and biotechnology companies are outsourcing their R&D in order to focus on core business segments and to reduce manpower and other expenditure
This has encouraged CROs to expand their field of expertise and solutions, enter diverse research segments, and provide a range of R&D solutions to the companies
Hence, increase in focus of CROs in R&D in life sciences drives the global microscopy devices market
Rise in Applications of Microscope in Semiconductor Industry to Boost Market Growth
Major applications of microscope are nanotechnology, semiconductor technology, and life sciences. In the semiconductor business, microscopy is widely utilized for R&D, quality control, monitoring, process development analysis. Moreover, increase in demand for small transistor chips, nano electronics, quantum dots, and optoelectronics has driven for microscopes in the semiconductor industry.
Microscopes have significant applications in the cellular biology segment, including high growth fields such as stem cells research and cancer cells research, along with other fields such as biomedical engineering
Fluorescence microscopes and new & advanced electron microscopes, such as the scanning electron microscopes, have been instrumental in biomedical and biological research applications owing to their distinct advantages
These ever-increasing application areas of microscopes in the life sciences field are expected to drive the global microscopy devices market during the forecast period
High Cost of Microscopy Devices to Hamper Market
High-end performance microscopes such as electron microscopes or scanning probe microscopes, have premium prices due to their advantages and distinct additional features
However, premium pricing of microscopes has limited their penetration and adoption in the global market, especially in the emerging economies where there is more emphasis on life sciences research
Price of an atomic force microscope ranges from US$ 25,000 to US$ 70,000 (some requiring additional instruments such as scanners), while a more advanced and integrated scanning probe microscope costs between US$ 100,000 to US$ 300,000
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Microscopy Devices Market: Competition Landscape
This report profiles major players in the global microscopy devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
Key market players such as Olympus Corporation, Hitachi High-Technologies Corporation, Carl Zeiss Microscopy GmbH, and Nikon Corporation have strong presence in the global microscopy devices market
Leading players operating in the global microscopy devices market are
Olympus Corporation
Hitachi High-Technologies Corporation
Carl Zeiss Microscopy GmbH
Nikon Corporation
Shimadzu Corporation
Leica Microsystems
Bruker Corporation
FEI Company
JOEL Ltd.
Cameca SAS
NT-MDT SI
Keysight Technologies, among others
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Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
