The European automated microscopy market is expected to be valued at USD 3.1 billion by 2027 from USD 2.17 billion in 2022, growing at a CAGR of 7.39% from 2022 to 2027.
The growing usage of automated microscopy among the laboratories of the European region is majorly propelling regional market growth. By continuously operating the microscope instruments for 24 hours and seven days, researchers can analyze more samples quickly and decrease the investments in resources. In addition, automation helps the new operators simplify the more complicated task and helps speed up the learning process. As a result, automated microscopy helps the researcher to conduct multiple trials by making slight modifications in the process to obtain a predicted result, along with stopping the procedure if the researcher identifies any errors, supporting the demand for the product.
The growing investment in the nanotechnology sector is expected to contribute to the automated microscopy market in Europe. Nanotechnology helps study the management of tiny organisms, about one to a hundred nanometres. Automation helps in the fast operation of the nanoparticle features and the capacity to analyze tiny particles, particularly in healthcare laboratories, providing accurate results. These system advantages encourage key players to show interest in designing the automated microscope with nanotechnology over standard microscopy leading to market growth.
The growing adoption of automated microscopy in drug discovery boosts the market growth. Automated microscopy in drug discovery provides more accurate data, allowing researchers to make better decisions. Furthermore, due to the increasing number of varying chronic diseases in the region, pharmaceutical companies are focusing on manufacturing a wide range of drugs for multiple diseases. Additionally, increasing research and development and increasing advancement in technologies that help to increase the image quality of the microscope helps the development of the automated microscopy market in the European region.
However, the high costs associated with automated microscopy are the primary factor restraining the market growth. Furthermore, the complex installation and maintenance of automated microscopy are other factors that hamper the market growth. In addition, more skilled professionals are needed to operate advanced automated microscopy instruments/ devices to ensure European market growth.
This research report on the Europe automated microscopy market has been segmented and sub-segmented into the following categories.
Geographically, the European region accounted for a substantial share of the worldwide market in 2021, owing to the increasing number of government initiatives and product launches. In Europe, automated microscopy is used for malaria and cancer diagnosis. For example, the automated microscopic malaria parasite detection system was more accurate than microscopic analysis by examining different types of samples leading to more favor for the system. Automated microscopy also helps visualize specific cells for examining tumor cells in the body, and it helps in providing the automatic generation of images of the body along with images of a particular part of the tumor, which the pathologist utilizes to examine cancer in the body with precision. Additionally, increasing investment by the government and large organizations to develop automated microscopy for low-cost demand the market growth in this region.
In 2021, Germany held a significant share of the European market. German researchers focus on developing advanced automated microscopy using artificial intelligence and deep learning to remove the need for human interaction in the process. In addition, increasing training centers for the automated microscope to increase productivity in the healthcare sector and provide certification after completing the course to work in regional research department laboratories drives the market forward in this region.
On the other hand, countries such as the UK, Spain, France, and Italy are anticipated to showcase a healthy CAGR in the coming years.
KEY MARKET PLAYERS:
Nikon, Olympus, Asylum Research, BioTek, Agilent Technologies, Bruker, Carl Zeiss, Fei Company, and Hitachi High-Technologies are some of the companies playing a noteworthy role in the European automated microscopy market.
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