Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Microscopy Market.
The global microscopy devices market is estimated to attain a market valuation of USD 10.5 Bn at a CAGR of 7.8% over the forecast period of 2016-2022, asserts Market Research Future (MRFR) in a detailed study.
The growth of the global microscopy devices market stems from its wide-ranging applications across diverse industries. Industries such as semiconductor, nanotechnology, and various branches of science are increasingly leveraging microscopy devices for research purposes which are fostering the growth of the market. The expansion of the inter-related industries such as semiconductor in the developing countries is driving the growth of the global microscopy devices market.
Recent years have witnessed a surge in R&D activities on a massive scale by universities, research institutions, governments, and other bodies which induce greater demand for microscopy devices. Funding for R&D activities by both public and private sector further creates a conducive environment for the market growth.
Increase in nanotechnology research is a major factor driving the growth of the global microscopy devices market. Microscopy devices are the very basic component which allows things to be scrutinized on the Nano scale. Nanotechnology research requires some of the most powerful microscopes and increase in nanotechnology research activities have spurred the demand for microscopy devices.
Furthermore, technological advancements in microscopy devices have resulted in the development of advanced, powerful microscopes which is likely to present growth opportunities to the global microscopy devices market. Other factors substantiating the growth of the market include emerging niche applications of microscopy devices.
On the other hand, the high cost of microscopy devices is anticipated to be a bottleneck o the growth of the global microscopy devices market.
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The global microscopy devices market has been segmented based on type, application, and end user.
By type, the global microscopy devices market has been segmented into Optical Microscopes, Electron Microscope, and Scanning Probe Microscope (SPM).
By application, the global microscopy devices market has been segmented into Life Science, Material Science, Pathology, and Nanotechnology.
By end user, the global microscopy devices market has been segmented into Hospitals & Clinics, Academic & Research Institutes, and Diagnostics Centers.
By region, the global microscopy devices market has been segmented into Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW).
APAC commands the highest position in the global microscopy devices market.The prolific growth of the semiconductor industry in the region reflects favorably on the growth of the market. The APAC microscopy devices market is likely to register a CAGR of 7.3% over the forecast period. In addition, an increase in a number of R&D activities and nanotechnology research purveyed by growing investment in research & development activities can be credited for the growth of the market.
North America commands the second position in the global microscopy devices market and is expected to capture a CAGR of 11.5% over the forecast period. North America market is driven by the presence of advanced healthcare institutes in the region which generate high demand for microscopy devices.
Europe too is a significant market driven by the presence of a number of research institutions in the region and rigorous R&D activities in the region. Furthermore, the region is investing heavily on microscopy devices which acts as a plus for the market growth.
The noteworthy players in the global microscopy devices market include Meiji Techno, Olympus Corporation, Bruker, Mauna Kea Technologies SA, Icon Analytical Equipment Pvt. Ltd, Woodley Equipment Company Ltd, Radical Scientific Equipments Pvt Ltd., Leica Microsystems, Nikon Metrology NV, Sonix, Inc., Konan Medical USA Inc., FEI, Carl Zeiss, and NIDEK Inc.
In December 2018, Brookhaven National Lab announced housing of two advanced electron microscopes that is capable of imaging of biological structures with unmatched detail. The same is being financed by Empire State Development's Transformative Investment Program for $15 million.