Microscope Market: Asia Pacific Dominated And Captured The Largest Revenue Share
Microscope Industry Overview
The global microscope market size is expected to reach USD 20.4 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.97% over the forecast period. High demand from the healthcare sector and the rapidly growing semiconductor industry are among the key factors boosting the market growth. The establishment of microscopy to promote research activities is also contributing to the product demand. One of the most important applications of microscopes is in surgical interventions. Magnified imaging systems are in high demand for cancer and neuroscience surgical procedures to improve procedural success. Major market players are focusing on developing dedicated microsurgery offerings, such as the spine, cranial, and other multi-disciplinary surgeries.
Microscope Market Segmentation
Grand View Research has segmented the global microscope market based on product, application, and region:
Based on the Product Insights, the market is segmented into Optical Microscopes, Electron Microscopes, Scanning Probe Microscopes, and Other Microscopes.
- The electron microscopesegment dominated the market and captured the largest share of more than 42.00% in 2021. Electron microscopes in contrast to optical microscopes use an accelerated electron beam as the source of illumination. The shorter wavelength of electrons as compared to visible light results in the high-resolving power of electron microscopes.
- The Scanning Probes Microscope (SPM) segment is expected to register the fastest CAGR during the forecast period owing to the ability of these devices to visualize subcellular components. The growing number of applications and rapid technological advances are the factors driving the growth of this segment. SPMs are used in fields, such as natural surface topography, study nanostructures including integrated circuits and diffraction grating, and biological materials including DNA and cell membranes.
Based on the Application Insights, the market is segmented into Material Science, Nanotechnology, Life Science, Semiconductors, and Other Applications.
- The life science segment dominated the market and accounted for the largest revenue share of 33.5% in 2021. The instrument used in life sciences studies includes compound microscopes, such as upright, inverted, and fluorescence; laser microdissection, and digital microscopes. The usage of microscopes with high magnification, such as atomic force and electron microscopy, is significantly increasing to observe the genetic structures of viruses and bacteria. In addition, the growing application scope in the diagnosis of diseases is spurring the growth of the market.
- The nanotechnology industry is one of the fastest-growing industries. Huge investments are being made in nanotechnology R&D and thereby expanding the scope of product application. Material sciences include microscopes that are required to understand properties, atomic and subatomic structures, and associated functions. A wide range of microscopes from compound to highly-efficient electron microscopes is used based on the degree of magnification required.
Microscope Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies Profile & Market Share Insights
The market is highly fragmented with the presence of many local players competing with international players. Major players implement the strategies, such as mergers, acquisitions, and liaisons, to expand their market share. Companies are also focused on the research and development of new products to remain competitive in the sector. High R&D activities, global expansion strategies, wide product offerings, and frequent introduction of advanced versions of existing products are some other strategies followed by market players to maintain their dominance. Some of the prominent players in the global microscope market include:
- Zeiss Group
- Bruker Corp.
- CAMECA
- Thermo Fisher Scientific, Inc.
- Nikon Corp.
- Olympus Corp.
- NT-MDT SI
- Hitachi High-Tech Corp.
- JEOL Ltd.
- Oxford Instruments (Asylum Corporation)
Order a free sample PDF of the Microscope Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Comments
Post a Comment