Global Microscopy Devices Market Overview
Significant growth of contract research organizations (CROs) has boosted the scope for microscopy devices. This is because all major companies are outsourcing their research and development to focus more on their core business segments and reduce other expenditures.
These CROs assist these companies in conducting laboratory experiments involving usage of microscopes. Based on these trends, the global microscopy devices market is poised to be leveraged impressively at a CAGR of 8.5% during the forecast period (2020-2025).
Microscopy Devices Market Trends
Over the years, microscopes have enabled researchers to conduct in-depth academic and exploratory research. Increasing interest in life sciences such as nanoscience and pharmacology & toxicology has augmented the need for advanced microscopes, which employ more penetrative media such as electrons and X-rays. Instances of these are optical coherence microscopy devices. Major applications of microscopes also include nanotechnology, semiconductor technology and cellular biology.
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Microscopy Devices Market Analysis by Application
Cell and Molecular Biology and Biomedical Engineering are anticipated to register the fastest growth amongst all microscopy applications segment. Increased adoption of optical microscopes, mostly fluorescence and phase contract microscopes in microbiology and cell culture, better healthcare monitoring and diagnostic facilities and launch of new therapeutic products shall drive both segments. Collectively, the cell and molecular biology and biomedical engineering segment shall register a CAGR of 8.3% throughout the forecast period.
Clinical Pathology and Diagnostics is not far behind, poised to expand 1.6x during the forecast period. Rise in applications of microscopy devices in order to understand the pathological changes in diseases such as Alzheimer’s and Parkinson’s diseases is anticipated to drive the clinical pathology and diagnostics segment.
Also, increasing incidence of chronic diseases, rising focus on the study of disease mechanisms and consequences of clinical manifestations are poised to leverage the clinical pathology segment.
Global Microscopy Devices Market Analysis by Region
Asia-Pacific is anticipated to emerge as the kingpin of the global microscopy devices market, bolstered by a high growth rate of pharmaceutical industries of emerging economies, increased research and development expenditure and greater adoption of electron and scanning probe microscopes.
In addition, liberalization and deregulation of markets in several countries has permitted key microscopy devices manufacturers to penetrate the Asia-Pacific market. The Asia-Pacific market is anticipated to capture over half of the global microscopy devices market, expanding 1.7x during the forecast period.
North America is poised to surge in popularity, owing to increased government funding for research and development in the life sciences segment. Other growth drivers include increase in patent filing application rates, high transparency and flexible regulatory systems.
Most healthcare establishments across North America are anticipated to use optical microscopes due to its applications in cell biology, drug discovery and clinical pathology, as well as its affordability. The North American market is poised to expand 1.6x during the forecast period.
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Microscopy Devices Market Manufacturers
The global microscopy devices market is consolidated with the presence of the following key market players: Olympus Corporation, JOEL Ltd., Nikon Corporation, Carl Zeiss Microscopy GmBh, FEI Company, Leica Microsystems, Hitachi High-Technologies Corporation, Bruker Corporation and CAMECA SAS. A majority of the abovementioned market players rely on technological advancements in order to establish market footprint.
For instance, in November 2016, Nikon Corporation launched its new inverted microscope, titled the ECLIPSE Ti2, which provides improved stability and usability in research applications of life sciences. Its current microscope product portfolio include the SMZ25/SMZ18, ShuttlePix and A1MP/A1RMP series. The company also manufactures stereo microscopes, upright microscopes, super resolution microscopes and digital microscopes.
Another market leader, Olympus Corporation, manufactures biological microscope products. Its microscope categories include upright microscopes, stereo microscopes, inverted microscopes, laser scanning microscopes and super resolution microscopes. Specific microscope brands include the SpinSR10, the BX53, the FV3000 Series and the IXPlore series.
The coronavirus pandemic has generated an economic earthquake, stalling businesses by disrupting their supply chains. Moreover, the healthcare industry has been overwhelmed with the rising number of COVID-19 cases on a daily basis. Owing to the rising number of cases, the demand for COVID-19 testing has augmented and ultimately the market for microscopic devices has also surged.
Microscopes are important to detect the presence of the novel coronavirus in the swab and blood samples collected from suspected or infected patients. Owing to this fact, leading market players are accelerating their production of microscopes.
Nikon Corporation, for instance, is leveraging its supply chain to ensure uninterrupted supply of electron microscopes to hospitals, diagnostic laboratories and clinics for the purpose of detecting COVID-19 pathogens. The company’s manufacturing units are fully operational and is ensuring that its products are shipped in a timely manner. Likewise, other important market players are strengthening their production facilities and ensure a steady supply.
An Adaptive Approach to Modern-day Research Needs
“Widespread applications across several scientific disciplines is driving the growth of the global microscopy market. The ongoing COVID-19 pandemic only serves to leverage market prospects, attributed to the necessity of determining the presence of pathogens to ascertain the degree of infection among patients.”
Global Microscopy Devices Market: Report Scope:
The recent study undertaken by Fact.MR on the global microscopy market includes a 5-year forecast period ranging from 2020 to 2025. The report explicates on the vital dynamics associated with the global microscopy devices market such as the key drivers, opportunities and restraints impacting it. The market has been analyzed in detail through the following segments: product type, application and end-user.
A regional landscape covers the abovementioned segments. The regional profiling of the global microscopy devices market is based on the following geographies: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Towards the end of the report, a competitive landscape has also been mapped. In this section, the details about prominent market players, their revenue and market shares as well as future growth prospects based on each player’s SWOT analysis have been provided.
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Global Microscopy Devices Market: Market Segmentation
Fact.MR has studied the global microscopy devices market with detailed segmentation on the basis of product type, application, end-users and regions.
- Optical Microscopy:
- Light Microscopy (Inverted and Upright Microscopy)
- Confocal/Multiphoton Microscopy
- X-Ray Microscopy
- Fluorescence Microscopy
- Phase Contrast Microscopy
- Stimulated Emission Depletion Microscopy
- Scanning Probe Microscopy:
- STM (Scanning Tunneling Microscope)
- AFM (Atomic Force Microscopy)
- NSOM (Near-field Scanning Optical Microscopy)
- Electron Microscopy:
- SEM (Scanning Electron Microscope)
- TEM (Transmission Electron Microscopy)
- STEM (Scanning Transmission Electron Microscope)
- FIB (Focused Ion Beam)
- Microscopy Accessories:
- Microscopy Cameras
- Objective Scanners
- Cell and Molecular Biology
- Pharmacology and Toxicology
- Clinical Pathology and Diagnostics
- Biomedical Engineering
- Diagnostic Laboratories
- Ambulatory Surgical Centers (ASCs)
- Physician Offices
- Academic & Research Institutes
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Global Microscopy Devices Market- Scope Of The Report
The recent study by Fact.MR on global microscopy devices market offers a 5-year forecast between 2020 and 2025. The study analyzes crucial trends that are currently determining the growth of the global microscopy devices market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of microscopy devices. The study also provides dynamics that are responsible for influencing the future status of the global microscopy devices market over the forecast period.
A detailed assessment of the global microscopy devices market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the global microscopy devices market along with their product portfolio enhances the reliability of this comprehensive research study.
Global Microscopy Devices Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in global microscopy devices market across the globe.
A comprehensive estimate of the global microscopy devices market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of the global microscopy devices during the forecast period. Price point comparison by region with global average price is also considered in the study.
Global Microscopy Devices Market: Analysis on Market Size Evaluation
The global microscopy devices market has been analyzed for each market segment, in terms of value (US$ Mn).
Market estimates at global and regional levels for microscopy devices is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent microscopy devices market segments, along with market attractiveness evaluation has been incorporated in the report.
Global Microscopy Devices Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the global microscopy devices report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (economic, and business environment outlook), which are expected to have a momentous influence on the growth of the global microscopy devices market during the forecast period.
Country-specific valuation on demand for microscopy devices has been offered for each regional market, along with the market scope, estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report. Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Global Microscopy Devices Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of global microscopy devices along with their detailed profiles. Essential and up-to-date data and information related to the market performers, who are principally engaged in the production of microscopy devices, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
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