Microscopy Devices Market Size, Share, Growth, Trends, Revenue 2021-2030
According to the report, the global microscopy devices market size is expected to reach US$ 15 billion by 2030 and is poised to grow at a noteworthy CAGR of 10% from 2021 to 2030.
Microscopy devices are majorly used in academic, clinical and commercial settings. Optical microscopes, electron microscopes, and scanning probe microscopes are some of the types of microscopy devices routinely used in the healthcare sector. These devices play an essential part in conducting academic and exploratory research for development of pharmaceutical drugs, and therapies for chronic diseases. Major factors assisting the growth of the market during the forecast period are increasing product approvals, investment in research, and strategic expansions by players operating in microscopy devices market to strengthen their geographical footprint.
The report suggests that rise in demand for advanced microscopy devices due to increase in chronic and acute disease diagnosis, surge in pharmaceutical and biotechnological researches, and drug discovery operations are expected to fuel the growth of the global microscopy devices market from 2021 to 2030.
The global microscopy devices market is growing at a rapid pace owing to emerging new and advanced technologies and rise in demand for pharmaceutical and cell biology research. Increase in development of new integrated microscopes and surge in demand for microscopes in the fast-growing life sciences industry are the other factors driving the global market. However, high cost of microscopes and low budget for R&D in the life science industry are the major restraints of the global microscopy devices market.
Optical Microscopy Dominates the Market, Followed by Electron Microscopy
The research report on microscopy devices offers detailed segmentation of the global microscopy devices market based on product type, application, and end-user. In terms of product type, market analysis on microscopy devices classifies the market into optical microscopy, scanning probe microscopy, electron microscopy, and microscopy accessories. The optical microscopy segment is poised to account for the leading share of the global market during the forecast period from 2021 to 2030. Factors attributed to the higher share of the segment include increase in demand for different types of optical microscopes and low cost of stereo and phase contrast microscopes.
Cell and Molecular Biology and Biomedical Engineering: Top Two Application Areas of Microscopy Devices
The cell and molecular biology segment is projected to account for significant share of the global microscopy devices market during the forecast period. The neuroscience segment is likely to expand at a high CAGR from 2021 to 2030. Dominance of the segment is attributed to increased research activities in neuroscience, benefits of using microscopes in the field, and wide product portfolio of major as well as local manufacturers. In August 2017, Thermo Fisher Scientific launched an advanced electron microscopy device, Cryo-EM, which enables scientists to examine samples at low temperature. Continuous new product launches and exponentially rise in patient base in developed as well as developing countries are likely to propel the segment between 2021 to 2030. The pharmacology and toxicology segment is projected to expand at a CAGR of 10% during the forecast period.
North America is expected to be the most lucrative region in the microscopy devices market during the forecast period. The increasing number of product approvals and launches are major factors propelling growth of the North America microscopy devices market. For instance, in May 2018, Caliber Imaging & Diagnostics, a Massachusetts-based developer of microscopy devices, received the U.S. Food and Drug Administration (FDA) clearance for modifications to its Vivascope reflectance confocal microscopy (RCM) device. The RCM tool allows dermatologists to non-invasively visualize cellular structures within the skin. A nondestructive in vivo imaging modality, the system painlessly provides high-resolution RCM images of the epidermis down to the supporting stroma in thin, optical slices.
Moreover, the Asia Pacific microscopy devices market is expected to witness significant growth during the forecast period owing to integration of artificial intelligence in microscopy devices. For instance, in April 2020, China-based Tencent AI Lab developed a smart microscope that utilizes artificial intelligence (AI) to better assist physicians in diagnosing cancer and other diseases. The smart microscope is the first device of its kind to obtain a license from the Chinese National Medical Products Administration, allowing its use for clinical applications.
Key Players
The market survey on microscopy devices also provides profiles of top key players in the global microscopy devices market. Olympus Corporation, Hitachi High-Technologies Corporation, Carl Zeiss Microscopy GmbH, and Nikon Corporation, among others are the major players operating in the market. Expansion of microscopy devices product portfolio through partnerships to improve efficacy, accuracy, and quality of microscope is a growing trend in the global microscopy devices market
Market Segmentation
By Product Type
By End User
By End-user
By Region
This report focuses on microscopy devices market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall microscopy devices market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global microscopy devices market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the microscopy devices market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the microscopy devices market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Microscopy devices market.
Market Segments: This part of the report discusses about product, application and other segments of the microscopy devices market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Regional Analysis
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global microscopy devices market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the microscopy devices market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global microscopy devices market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
Research Methodology
The research methodology adopted by analysts for compiling the global microscopy devices market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global microscopy devices market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers