Measuring Microscope Market

Measuring Microscope Market Outlook (2023-2033)

The global measuring microscope market is set to reach a valuation of US$ 512 million in 2023 and expand at a CAGR of 4.1% to end up at US$ 765.2 million by 2033. Sales of measuring microscopes accounted for nearly 38% share of the global microscope market at the end of 2022.

From 2018 to 2022, the global market for measuring microscopes registered a CAGR of 3.1%, according to Fact.MR, a market research and competitive intelligence provider.

A measuring microscope is used for viewing and measuring small objects that are impossible to see without a microscope. Measuring microscopes are widely used in research institutes and academic institutes for performing experiments or studies. They have wide utilization in different sectors - food and beverages, aerospace & defense, automotive, chemicals, healthcare, and environmental research.

• In 2017, Kuwait’s State Emir announced a plan for Kuwait Vision 2035, where the initiative includes a detailed development plan that will help Kuwait become a regional leader in science, technology, and innovation.

Healthcare is identified as the most promising research & development area, which will lead to an upsurge in the demand for measuring microscopes in this growing economy.

• Short Term (2022 to 2025): The market is expected to exhibit substantial growth for its wide range of usability across different sectors.
• Medium Term (2025-2028): Optical microscopes are expected to witness the highest market growth as they are widely used in research areas, including microbiology, microelectronics, biotechnology, pharmaceuticals, etc.
• Long Term (2028-2032): Kuwait will be seen as a long-term growth opportunity because of the government’s initiative in the healthcare industry - Kuwait Vision 2035.

Report Attributes	Details
Market Size (2022A)	US$ 491 Million
Estimated Market Value (2023E)	US$ 512 Million
Forecasted Market Value (2033F)	US$ 765.2 Million
Global Market Growth Rate (2023-2033)	4.1% CAGR
North America Market Share (2023)	28.9%
North America Market Value (2023)	US$ 148 Million
Europe Market Share (2023)	26.7%
Europe Market Value (2023)	US$ 136.7 Million
China Market Share (2023)	13.3%
China Market Value (2023)	US$ 67.9 Million
Market Share of Top 3 Countries	42.6%
Key Companies Profiled	AmScope ANGSTROM ADVANCED INC Bruker Corporation CARL ZEISS AG Danaher Corporation Euromex Faro Technologies Graytechnos Co. Hexagon HITACHI HIGH-TECH CORPORATION HORIBA LTD. Jenoptik JEOL LTD. Keyence LEICA-MICROSYSTEMS Mahr Federal Meiji Mitutoyo Nikon Olympus OMAX Optimax OptiPro Systems Oxford Instruments Starrett TESCAN ORSAY HOLDING THERMO FISHER SCIENTIFIC, INC Titan Tool Tokyo Seimitsu Co., Ltd Vision Engineering

Why is Demand for Measuring Microscopes Increasing across Regions?

“Wide Industrial Application across Manufacturing Industry Creating Opportunity for Measuring Microscope Manufacturers”

Measuring microscopes are greatly used in research and development, industrial manufacturing for the measurement of 2D and 3D parts, linear dimensions, screw threads, shapes, and diameter of objects. In manufacturing processes, measuring microscopes are widely used for quality control and quality measurement.

The industries served are glass, paper, plastics, textiles & fibers, printing, petrochemicals, etc. Global GDP growth projections in the manufacturing industry were 4.1% in 2022. The upsurge in capital expenditure of a company can encourage technological advancements and the usage of high-quality materials. As such, improved materials used in the product will pave the way for increased demand.

“Nanostructure & Molecular Structure Study to Increase Usage of Measuring Microscopes”

The study of nanostructure and molecular structures and other small objects has increased the demand for measuring microscopes. Nanotechnology helps improve and revolutionize different sectors; for instance, information technology, medicine, homeland security, energy, food safety, etc. The usage of nanotechnology in materials can make them more durable, reactive, and better electrical conductors.

The research and development sector majorly contributes to the economy. For the improvement of existing products and to launch new products in the market, a lot of research and development is required by governments and manufacturers.

Global R&D expenditure accounted for US$ 2.5 trillion in 2022. The United States and China were recorded as the two largest spenders on research & development - US$ 680 billion and US$ 550 billion, respectively. Therefore, increasing research and development activities will drive the demand for measuring microscopes across sectors.

What is Troubling Measuring Microscope Manufacturers?

“High Cost Involved in Manufacturing Measuring Microscopes”

Technological advancements have led to a change in the pattern of microscopes. A microscope costs between US$ 2,500 to US$ 2 million, which is a major factor in reducing the adoption of the product in hospitals, laboratories, and small- and medium-scale industries. The high-cost factor to manufacture measuring microscopes will, in some scenarios, hamper market growth.

Market share analysis of measuring microscopes based on end use and region. Under end use, optical/stereo microscopes dominate with 35.3% market share in 2023.

Country-wise Insights

Will the United States Exhibit High Demand for Measuring Microscopes?

The measuring microscope market in the United States is expected to account for a significant portion of the global market share in the near future. The United States is expected to reach a value of US$ 131.8 million by the end of 2023, increasing at a CAGR of 3.6%.

Market penetration of microscopes is anticipated to increase with the development of technologically advanced products with attributes such as faster performance and sample preparation processes. Additionally, during the forecast period, technological developments to interfaces with display modalities for high-quality and 3-dimensional pictures are anticipated to increase product demand.

Why is the Germany Measuring Microscope Market Highly Lucrative?

Germany is projected to dominate the demand for measuring microscopes in Europe due to quick adoption and growing healthcare infrastructure. Germany’s per capita healthcare spending is US$ 6,939. Furthermore, the healthcare spending in Germany contributed to 12.5% of the economy.

Demand for measuring microscopes has increased in the nation as a result of the rapidly growing healthcare sector. Germany is anticipated to account for a market share of 17% in 2023 in the European market and reach a valuation of US$ 18.1 million.

Category-wise Insights

How Will the Discrete Manufacturing Industry Drive the Growth of Measuring Microscope Suppliers?

The discrete manufacturing industry has created ample opportunities for manufacturers of industrial measuring microscopes to increase their production volumes. Measuring microscopes are used in discrete manufacturing to inspect the quality of components and device development. Discrete manufacturing is likely to account for a market share of 28.7% and reach a valuation of US$ 146.7 million in 2023.

In addition, other applications of industrial measuring microscopes, such as in chemical & material industries, electronics, and aerospace, are expected to push product development in the near future.

What Makes Optic Measuring Microscopes Hugely Popular?

Small objects for instance cells can be seen through optic measuring microscopes. An optic measuring microscope offers the structure of viewing cells. Optic measuring microscopes are used to view cytoskeletons, ribosomes, lysosomes, and other cells. High-resolution images and enhancements in technology have led to the increased usage of optical measuring microscopes.

With advancements in technology, the sales of optic measuring microscopes have increased. Optic measuring microscopes are expected to reach a market valuation of US$ 180.5 million in 2023 and surge ahead to account for a market share of 35.3% by 2033.

Competitive Landscape

AmScope, ANGSTROM ADVANCED INC, Bruker Corporation, CARL ZEISS AG, Danaher Corporation, Euromex, Faro Technologies, Graytechnos Co., Hexagon, HITACHI HIGH-TECH CORPORATION, HORIBA LTD., Jenoptik, JEOL LTD., Keyence, LEICA-MICROSYSTEMS, Mahr Federal, Meiji, Mitutoyo, Nikon, Olympus, OMAX, Optimax, OptiPro Systems, Oxford Instruments, Starrett, TESCAN ORSAY HOLDING, THERMO FISHER SCIENTIFIC, INC, Titan Tool, Tokyo Seimitsu Co., Ltd, and Vision Engineering are key manufacturers of measuring microscopes.

One of the prominent factors for market survival is innovation. Companies develop and implement modern technology solutions at every stage of production, allowing them to manufacture products that meet customers' expectations and needs to the greatest extent possible. Firms believe in innovations, which include integrated application of professional knowledge, global experience, and modern technologies in the manufacturing of measuring microscopes.

Fact.MR has provided detailed information about the price points of key manufacturers of measuring microscopes positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Measuring Microscope Industry Research

• By Mobility :

  • Portable
  • Fixed

• By Operation :

  • Manual
  • Semi-automatic
  • Automatic

• By Head Type :

  • Monocular
  • Binocular
  • Trinocular
  • Dual Head

• By Technology :

  • Compound Microscopes
  • Optical/Stereo Microscopes
  • Scanning Probe/Atomic Force Microscopes (SPM / AFM)
  • Electron Microscopes
    • SEM
    • TEM
  • Others

• By End-use Industry :

  • Aerospace & Defense
  • Chemicals & Materials
  • Electronics & Electrical
  • Clinical & Life science Research
  • Academic & Research Laboratories
  • Discrete Manufacturing
  • Food & Beverages
  • Others

• By Region :

  • North Americas
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa