The Microscopy Devices Market is estimated to be valued at US$ 9.82 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Microscopy devices are analytical tools used to observe minute structures, objects, and details that cannot be seen by the naked eye. These comprise of different types of microscopes such as optical, electron, scanning probe, and near-field microscopes that help identify cell structures, nanoscale surface morphology, and imaging of larger specimens. Advancements in microscopy technologies enhanced resolution, contrast, and throughput to solve complex biological and material science challenges.
Market key trends:
Technological advancements have propelled the microscopy devices market growth. Manufacturers focus on developing enhanced resolution microscopes integrated with artificial intelligence and digital image processing. For instance, deep learning algorithms combined with super-resolution microscopes enabled visualization of subcellular structures at 3D nanoscale resolution. Additionally, correlative microscopes allow seamless correlation of information across different modalities such as light and electron microscopy for robust biological and material characterization. Adoption of such advanced microscopy devices in pharmaceutical, nanotechnology, and life science research is anticipated to drive the market during the forecast period.
Porter’s Analysis
Threat of new entrants: New entrants in the microscopy devices market face high entry barriers due to heavy capital investment required to manufacture microscopy devices. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and fragmented nature of market. Bargaining power of suppliers: Suppliers have low to moderate bargaining power as microscopy devices require components from various suppliers worldwide and there are available substitutes. Threat of new substitutes: Threat of new substitutes is moderate to high owing to technological advancements in digital microscopy. Competitive rivalry: High due to presence of many global and regional players.
SWOT Analysis
Strengths: Wide array of product portfolio and technological expertise. Weaknesses: High R&D costs and vulnerability to currency fluctuations. Opportunities: Growing life science industry and developing healthcare infrastructure in emerging economies. Threats: Price wars among existing players and stringent government regulations.
Key Takeaways
The global microscopy devices market is expected to witness high growth, exhibiting CAGR of 7.5% over the forecast period, due to increasing demand for advanced microscopy from various end-use industries like semiconductor, healthcare, industrial and life sciences.
Regionally, North America is expected to dominate the global microscopy devices market throughout the forecast period. The growth in the North America region is attributed to rising healthcare expenditure and growing pharmaceutical industry in the U.S. and Canada.
Key players operating in the microscopy devices market are Danaher Corporation, Olympus Corporation, Thermo Fischer Scientific, Bruker Corporation, Nikon Corporation, Hitachi, Ltd., Alltion (Wuzhou) Co., Ltd., Park Systems Corp., ACCU-SCOPE Inc., Semilab Germany GmbH, JEOL Ltd., Carl Zeiss Meditec AG, TESCAN ORSAY HOLDING a.s. and Nanosurf AG. The major players are focusing on new product innovations through heavy investments in R&D.
Transparency Market Research (TMR) has published a new report titled, “Global Microscopy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”.
According to the report, the global microscopy devices market was valued at US$ 6,000 Mn in 2016 and is projected to expand at a CAGR of 8% from 2017 to 2025.
The report suggests that rise in demand for advanced microscopy devices due to increase in chronic and acute disease diagnosis, surge in pharmaceutical and biotechnological researches, and drug discovery operations are expected to fuel the growth of the global microscopy devices market from 2017 to 2025.Read Report Overview - https://www.transparencymarketresearch.com/microscopy-market.htmlThe global microscopy devices market is growing at a rapid pace owing to emerging new and advanced technologies and rise in demand for pharmaceutical and cell biology research.
Asia Pacific and North America are projected to dominate the global microscopy devices market in the next few years owing to increase in manufacturer focus for business expansion in these regions.
Factors attributed to the higher share of the segment include increase in demand for different types of optical microscopes and low cost of stereo and phase contrast microscopes.
Dominance of the segment is attributed to increased research activities in neuroscience, benefits of using microscopes in the field, and wide product portfolio of major as well as local manufacturers.
Microscopy Devices Market Share, Trends And Growth Analysis By Type (Optical Microscopes, Electron Microscope, Scanning Probe Microscope (Spm), Others), By Application (Life Science, Material Science, Pathology), By End User (Hospitals & Clinics, Academic & Research Institutes, Diagnostics Centers) - Forecast Till 2022Market Synopsis of Microscopy Devices Market:The global market of microscopy devices is growing steady.
(The high growth of this market is mainly attributed to factors such as; there is an increasing funding for life science research studies by the public and private sector.
Additionally, there are certain other factors such as expansion of the semiconductor industries in most of the emerging nations and rising research and development activities initiated by schools, governments, universities, and research institutions across the developing regions has fueled the growth of the global microscopy devices market.Avail a Free Sample@ https://www.marketresearchfuture.com/sample_request/2313Microscopy Devices are garnering a huge prominence, finding a range of applications in Bio-engineering and electronics.
Increasing research and development activities initiated by governments, schools, universities and research institutions across the developing regions have fuelled the growth of the market.The below mentioned recent proceedings happening in the global market will help readers in a better fashion to understand the current market scenarios.Global Microscopy Device Market – SegmentsThe MRFR analysis is segmented into four key dynamics for the convenience of understanding;By Types : Comprises Optical Microscopes, Electron Microscope, and Scanning Probe Microscope (SPM), among others.By Applications : Life Science, Material Science, Pathology, and Nanotechnology among others.By End-Users : Comprises Hospitals & Clinics, Academic & Research Institutes, and Diagnostics Centers among others.By Regions : North America, Europe, APAC and Rest-of-the-World.Global Microscopy Device Market – Regional AnalysisGlobally, Asia-Pacific is the largest market for microscopy devices.
North America market for microscopy devices accounting for the second-largest market globally will grow at 11.5% CAGR during the assessment period.Microscopy Device Market – Competitive AnalysisThe Microscopy Device market is widely expanded and highly competitive with the presence of numerous major and small players operating at the international and regional level around the globe.
Manufacturers operating in the Microscopy Device market strive to develop Device with adept technology with unrivalled design and features.Access Report Details @ https://www.marketresearchfuture.com/reports/microscopy-devices-market-2313The report for Global market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance.
