As per our report, the global microscopy market size was worth around USD 6.15 Billion in 2020 and is forecasted to grow at a CAGR of 6% to reach USD 8.23 Billion by 2025.
Materials such as polymers, plastics, alloys, ceramics, and biomaterials are analyzed structurally and chemically using microscopes. Microscopy is better than the rapid diagnostic test (RDT) in detecting malaria in children under the age of five in some trials. It was also recommended that, if available and feasible, microscopy be performed on all patients suspected of having malaria, even if the RDT test was negative since microscopy is still the gold standard for malaria diagnosis.
MARKET DRIVERS:
Compared to other medical tests, there has been an increase in the number of patients who use microscopic procedures because they are more cost-effective and reliable.
As a result, growing developments in the use of microscopic diagnosis and its adoption in developed countries are accelerating the global microscopy market growth.
The high demand for microscopes in cancer and neuroscience surgical procedures would boost the microscopy development of the industry. Surgical procedures necessitate the use of sophisticated magnified imaging equipment to achieve effective surgical results. The industry's focus on the production of technologically advanced devices would help the company prosper. Scalar Corporation's Cordless Digital Microscope DG-3x, for instance, is a compact digital microscope with an LCD monitor that shows larger and easier-to-view images.
Due to their high magnification ratio, optical microscopes dominated the largest share of the microscopy industry in 2019. During the forecast era, the electron microscopes segment is predicted to rise at the fastest rate. Viruses are very rare, and most of them can only be seen with TEM (transmission electron microscopy). As a result, TEM has made important contributions to virology, including identifying multiple viruses, detecting many viral infections, and basic studies of virus-host cell interactions. Organisms smaller than bacteria have been known to exist since the late 1900s due to this electron microscope is a widely used microscope during this pandemic.
MARKET RESTRAINTS:
Major companies focus on building specialized microsurgery-related services, including the spine, cranial, and other multi-disciplinary surgery. These devices are classified as medical devices of Class I and are quickly approved for marketing. The demand for traditional compound microscopes is likely to be limited by fierce competition from local producers. Furthermore, high prices of technologically advanced products in developing regions are expected to limit their penetration.
Impact of COVID-19 on the global microscopy market:
The disease has spread to over 100 countries worldwide since the COVID-19 virus epidemic in December 2019, prompting the World Health Organization to declare it a public health emergency. COVID-19 has the ability to have three significant impacts on the global economy: actively influencing production and demand, inducing supply chain and consumer instability, and having a financial influence on companies and financial markets. ACCORDING TO THE MICROSCOPY MARKET RESEARCH, the COVID-19/CORONA Virus pandemic has created substantial market impact and new opportunities. However, Microscopy Market has fewer opportunities before this pandemic because of less utilization of microscopes in various sectors. But, during this pandemic period and after this pandemic year, it is used more for the examination of various types of the virus where it has come from, to human or animal bodies are analyzed through different types of microscopes for further prediction of that particular virus that not to harm for the living bodies. Over the projected period of 2020 to 2025, the global microscopy market is expected to grow moderately due to new advances in microscopy and the impact of COVID-19.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 to 2025 |
|
Segments Covered |
By Product, Type, Application, End-User, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This market research report on the global microscopy market has been segmented and sub-segmented into the following categories and analyzed market size and forecast until 2025.
Microscopy Market – By Product:
Based on the product, the microscopes segment is expected to show the highest growth in the forecast period. The recent trend in the industry is the introduction of new image acquisition technology for microscopes. Increasing work in life sciences and other application fields has resulted in a large amount of data being generated, mainly due to improvements in image quality.
Microscopy Market – By Type:
The highest growth in the forecast period is anticipated to be shown by electron microscopes based on type. Electron microscopes have vital applications in the biology, materials, nanotechnology, and semiconductor industries due to the high magnification ratio. Growing R&D activities and easy funding access have led to increased research into life science and material science. It, in effect, is expected to drive electron microscope demand. Thus responsible for the growth of the electron microscopes segment is the growing trend of correlative light and electron microscopy.
Microscopy Market – By Application :
Based on the application, due to the increased use of products such as chips and microchips in electronics, space research, and household appliances, the semiconductor is among the quickest-growing industries. Microscopes are extensively used for R&D, manufacturing, and quality analysis in the semiconductor industry. Throughout the forecast period, nanotechnology is expected to be the fastest-growing segment.
Microscopy Market – By End User:
Microscopy Market – By Region:
Regionally, In 2020, Asia Pacific led the microscope industry, with a more than 35.0 percent sales share. The presence of major players in countries like Japan and a thriving number of local manufacturers in countries like China and India are leading the region's growth. Throughout the forecast era, the market's supremacy is projected to be sustained by an ever-increasing number of healthcare facilities, rising demand for diagnostic centers, and developing R&D programs.
Over the projected timeframe, North America is also expected to gain substantial market share. The market is largely dominated by the emergence of many academic institutes, advanced healthcare facilities, and research and development (R&D) institutes. Furthermore, the United States is home to a wide number of industry investors. As a result, the revenue provided by these players contributes to the market's growth in North America. Because of the region's less strict regulatory system, fast availability of patient population, and advanced research infrastructure, Latin America has attracted the interest of major pharmaceutical and biotechnology firms for their clinical trial programs. Because of the advantages of competitive clinical trials, the governments of many countries in the region have streamlined the approval procedures for performing clinical trials. As a result, the region's market for microscopes has increased.
KEY MARKET PARTICIPANTS:
Some of the major manufacturers present in the microscopy market include Carl Zeiss, Danaher, Thermo Fisher, Nikon, Bruker Corporation, Olympus, Oxford Instruments, JEOL, and Hitachi High-Technologies, Keyence, Vision Engineering, Helmut Hund.
RECENT MARKET DEVELOPMENTS:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Microscopes
5.1.3 Accessories
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 Type
5.2.1 Introduction
5.2.2 Optical Microscope
5.2.3 Electron Microscope
5.2.4 AFM (Atomic force microscopy)
5.2.5 STM (Scanning tunneling microscope)
5.2.6 NSOM (Near-field scanning optical microscope)
5.2.7 Y-o-Y Growth Analysis, By Type
5.2.8 Market Attractiveness Analysis, By Type
5.2.9 Market Share Analysis, By Type
5.3 Application
5.3.1 Introduction
5.3.2 Semiconductor
5.3.3 Nanotechnology
5.3.4 Electronics
5.3.5 Y-o-Y Growth Analysis, By Application
5.3.6 Market Attractiveness Analysis, By Application
5.3.7 Market Share Analysis, By Application
5.4 End User
5.4.1 Introduction
5.4.2 Industrial
5.4.3 Reseach institution
5.4.4 Blood banks
5.4.5 Y-o-Y Growth Analysis, By End-user
5.4.6 Market Attractiveness Analysis, By End-user
5.4.7 Market Share Analysis, By End-user
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Type
6.1.3.4 By Application
6.1.3.5 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Type
6.1.4.4 By Application
6.1.4.5 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Type
6.1.5.4 By Application
6.1.5.5 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Olympus
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Oxford Instruments
8.3 JEOL
8.4 Hitachi High-Technologies
8.5 Keyence
8.6 Vision Engineering
8.7 Helmut Hund
8.8 Danaher
8.9 Thermo Fisher
8.10 Nikon
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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