Rising Funding for Research and Development Activities in Life Science has Marked an Exciting Growth for Global Microscopy Market
Published On : 07 March, 2017
For the purpose of this study, the global microscopy devices market has been majorly segmented on the basis of; types, application, end-users, and geographic regions.
- Optical microscopesStereoscopic microscope
- Bright Field microscope
- Polarizing microscope
- Phase contrast microscope
- Electron microscope
- Scanning probe microscope (SPM)
- Atomic Force Microscope (AFM)
- Scanning Near-field Optical Microscope (SNOM)
- Others types of microscopes
- Life Science
- Material Science
BY END USER
- Hospitals & Clinics
- Academic & Research Institutes
- Diagnostics Centers
On the basis of type, optical microscopes market is the largest segment of microscopy devices with the market value of USD 2.58 billion in the year 2015. Among applications, life sciences segment accounted for the dominant market share in 2015, and is estimated to grow at a CAGR of around 6.0% during the forecast period. Besides that, microscopy devices are proved useful in various industries and sectors. Some of the users of the microscopy devices are hospitals & clinics, academic & research institutes, diagnostics centers and others. There is an increasing use of microscopy devices in academic and research institutes due to high investment by the government research organization in this segment. For instance, in 2013, the Biotechnology and Biological Sciences Research Council made an investment of nearly USD 16 million on advanced scientific research instruments. The funding for equipment includes super-resolution microscopes for plant scientists and the UK's first two commercial fluorescence light sheet microscopes.
Microscopy Devices: Regional Analysis
As per MRFR analysis, the global microscopy devices market has grown tremendously in Asia-Pacific, North America, Europe and Middle East & Africa region from 2016-2022. Geographically, North America holds the largest share of more than 40% of microscopy devices market and is expected to be the leading market during 2016-2022. Increasing focus on R&D in nanotechnology and life sciences industries coupled with large federal and corporate funding serves as a significant driver for this region. Furthermore, new development in optical microscopes in combination for semiconductor applications has derived the growth of this market.
On the other hand, Asia-Pacific market for microscopy devices is the fastest growing market due to increasing investment in research and development in these region; this is due to low labor cost in the developing countries like India and China, which attracts the foreign investments.
Microscopy Devices: Prominent Market Players
Companies are majorly focusing on the innovation of the microscopy devices by increasing investments on R&D particularly in the pharmaceutical, healthcare and electronics sectors that has expected to get intensify in future. The competition among existing market for improving the quality and specifications of the microscope, pricing, and product performance has played a crucial role in growth of this market. Leading companies are working on increasing digitization of microscopic devices, focusing on niche application sectors such as quantum dots and miniaturization of components such as transistor chips. There are plenty of large and small market players which operate in this market all over the globe. The major participants of this market are FEI, Nikon Metrology NV, Woodley Equipment Company Ltd, Radical Scientific Equipments Pvt Ltd, Bruker, Mauna Kea Technologies SA, Icon Analytical Equipment Pvt. Ltd, OLYMPUS CORPORATION, NIDEK Inc., Sonix, Inc., Konan Medical USA Inc., Carl Zeiss, Leica Microsystems, Meiji Techno and others.
MRFR Analyst View
Microscopy devices market is observed to be the rapidly growing market. With the innovative development in the research objectives, new opportunities are coming up with the digital microscopy, Scanning Electron Microscopes, and Atom Force Microscopes. Based on the current scenario, increasing demand of super resolution microscopes supporting integration within the production process will act as an opportunity for the microscopy device market.
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