Microscopy Market is segmented by Product (Microscopes, Software), Type [Optical (Compound, Digital), Electron (SEM, TEM), Scanning Probe (AFM, STM)], Application (Research, Material), and End User (Electronics, Healthcare, F&B, Academic)
The Microscopy Market is expected to grow at a CAGR of 4.2% during the forecast period reaching a market size value of USD 11.71 billion by 2028.
Using a microscope provides magnified imagery of tiny objects or specimens that cannot be usually determined in the naked eye. It enables the user at an extremely closer view to observe the specimen or the minuscule structures at an appropriate scale to be examined and analyzed.
The wide use of microscopes are commonly seen in academic and research institutes as well as industries like electronics, semiconductors, food & beverages, chemical, automotive, aerospace, ceramics, synthetic rubber, paints and coatings, plastics and even in healthcare. The key factors driving the growth of the microscopy market are, technological advancements in microscopes, high funding in the research and development in microscopy, focus in regenerative medicine and nanotechnology, and collaborative promotions in the academia-industry.
Impact of COVID-19 on the Microscopy
The global Microscopy Market faced a challenge when the outbreak of COVID-19 virus struck almost all economic facets compromising different industries. Major key players operating in this market had a set back when the government imposed lock downs and stringent health protocols to control the widespread of the virus. With this, there are a lot of temporary closures of private academic and research institutes and centers, including suppliers of this market. A massive pull back on the growth of the market is the disruption of supply chain since manufacturing and distribution by key players or companies are being limited, if not, controlled by governments by imposing lock downs and halting travels across borders.
The real challenge lies in the disruption in raw materials supply because it is negatively affecting manufacturers since travel, transport of raw materials, and non-essential trade has been put off in many countries. This in turn affected production, causing fewer volume of product sales. Microscopy suppliers have also experienced backlash because imports and exports in almost all countries have been restricted, if not limited. Therefore, the demand on the microscopy market has been significantly decreased.
Positively, since governments around the world are pushing forth with the distribution of vaccines to control the widespread infection, lock downs previously imposed were slowly being lifted in countries. This has made a fundamental improvement in the microscopy market because operations and manufacturing processes of equipment and supplies are being resumed, thus, production and distribution can be had in no time. Researches conducted by academic institutes and renowned clinical laboratories are slowly getting back in business. The economic collapse made this market vulnerable, but one of the significant growth attributes is the improvement in handling and controlling the infection, thus, resulted in easing of restrictions.
Key Findings in the Global Microscopy Market
In terms of product, the microscopes segment is projected to have the largest share accounted for in the market in 2021. This is mainly because of factors such as the technological innovations in microscopes together with the flaring utilization of microscopy in several respected fields and industries.
In terms of type, the electron microscopes segment is projected to have the largest share accounted for in 2021. This is mainly attributed to factors such as having a broad range of electron microscopes used in research and analysis of materials, rising demand for a better, innovative devices providing high quality magnification in fields and nanotechnology research with flourishing research and development.
In terms of application, the research applications segment is projected to account for the largest share in the market in 2021. This is due to the growth factors such as growing need for further studies in the fields of structural biology, pathology, and plant biology. High-cost funding in the research and development in microscopy together with increasing demand for pharmaceutical products are attributes driving the growth of microscopy market.
In terms of end user, the industries segment is projected to have the largest share accounted for in 2021. This growth is attributed to the rising demand for the use of microscopes in qualitative and quantitative analysis with respect to the semiconductor industry, utilization of nanotechnology, lastly, the increasing need for microscopes in laboratories conducting food testing.
Regional Market Analysis
In terms of region, North America is projected to have the largest share in the market accounted for followed by Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
On the other hand, Asia Pacific is anticipated to be the fastest growing regional market during the forecast period due to a lot of focus with respect to regenerative medicine, developing electronics and life science industry. Government initiatives to promote food safety as well as exemplary growth in the pharmaceutical industry.
Key Players: Share and Competition
Based on an extensive assessment, these major key players in the microscopy market have a competitive landscape and utilizing key strategic developments to lead the industry over the past years until now. These companies are, CARL ZEISS AG (Germany), Nikon Corporation (Japan), Bruker Corporation (U.S.), Olympus Corporation (Japan), JEOL Ltd. (Japan), Danaher Corporation (U.S.), Hitachi High-Tech Corporation (Japan), Thermo Fisher Scientific Inc. (U.S.), Oxford Instruments plc (U.K.), Accu-Scope Inc. (U.S.), Meiji Techno Co., Ltd. (Japan), and Labomed, Inc. (U.S.).
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• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2021 - 2028)
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Electron Microscopes
• Scanning Electron Microscopes
• Transmission Electron Microscopes
• Optical Microscopes
• Compound Microscopes
• Stereo Microscopes
• Confocal Microscopes
• Digital Microscopes
• Inverted Microscopes
• Other Optical Microscopes
• Scanning Probe Microscopes
• Atomic Force Microscopes
• Scanning Tunneling Microscopes
• Near-Field Scanning Optical Microscopes
• Others Microscopes
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Research Applications
• Diagnostics Applications
• Surgical Applications
• Material Analysis
• Quality Assurance & Quality Check
End User Analysis (Revenue, USD Million, 2021 - 2028)
• Electronics and Semiconductor Industry
• Healthcare Industry
• Food & Beverages Industry
• Other Industries
• Academic & Research Institutes
• Other End Users
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Microscopy Industry Research Report
• Europe Microscopy Industry Research Report
• Asia Pacific Microscopy Industry Research Report
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