Biological Microscope Market Research Report—Global Forecast till 2030

Biological Microscope Market: Information by Industry/Application (Hospitals, Diagnostic Laboratories and Research Centers & Universities) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

ID: MRFR/ICT/9558-HCR | February 2023 | Region: Global | 110 Pages         

Biological Microscope Market

Biological Microscope Market is expected to grow USD 1,417.85 million (2020) at a CAGR 5.0% during the forecast period 2022-2030
Market Size
CAGR
Dominating Region
Forecast Period
$1,417.85 million (2020)
5.0%
North America
2022-2030
Segmentation
By Industry::Application
By Region
  • Hospitals
  • Diagnostic Laboratories and Research Centers & Universities
  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • and South America
Companies Profiled
Key Players
Carl Zeiss AG
Olympus Corporation
Leica Microsystems
Nikon Corporation
LABOMED INC.
Market Driving Forces
Drivers
Rising Prevalence Of Cancer
Increasing Funding In Medical Research
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Biological Microscope Market Overview:


The global Biological Microscope Market was valued at USD 1,417.85 million in 2020 and is expected to grow at a CAGR of 5.0 % during the forecasted period.  


Biological microscopes can be one of many types of technologies. The most common biological microscopes are compound microscopes used for viewing very small specimens such as cells, pond life samples, and other microscopic life forms; inverted microscopes, which are better for looking through thick specimens, such as dishes of cultured cells, because the lenses can get closer to the bottom of the dish where the cells grow; and stereomicroscopes, which are great for dissecting as well as for viewing fossils and insect specimens. Other technologies include acoustic and ultrasonic microscopes, microwave microscopes, fluorescent microscopes, laser or confocal microscopes, polarizing microscopes, portable field microscopes, scanning electron (SEM) microscopes, scanning probe or atomic force microscopes (SPM/AFM), and transmission electron microscopes (TEM).


Biological microscopes can come in one of many types of eyepiece styles. These include monocular, binocular, trinocular, or dual head. A monocular eyepiece has one objective and one body tube for monocular vision. Binocular microscopes are fitted with double eyepieces for vision with both eyes. The purpose in dividing the same image from a single objective of the usual compound microscope is to reduce eyestrain and muscular fatigue, which may result from monocular, high-power microscopy. These types of microscopes are also used for stereoscopic vision, which allows for depth perception of the sample. Trinocular microscopes are fitted with a vertical tube at the top and regular binocular eyepieces at 30 degrees.


COVID-19 Impact vs  Opportunities for Global Biological Microscope Market:


COVID-19 had spread across regions, leading to city shutdowns, border restrictions, and transportation disruptions. International trade, manufacturing operations, and  there was a decrease in the manufacturing and supply of all kinds of medical devices, including microscopes, due to the sudden shutdown of activities to prevent the spread of infection. Due to these restrictions, the manufacturing industries of microscope is also faced a lot of issues like supply chain disruptions, lack of raw materials, and shortage of manpower that leads to halt the production. The pandemic is expected to promote research on infectious diseases, especially COVID-19, and therapeutic agents to control them. This is likely to result in increased demand for research equipment including microscopes, and in turn, positively impact the revenue of microscope manufacturers. An increasingly sophisticated tool for modulating the illumination of biological specimens improves resolution and contrast in ways that were unimaginable a few years ago. These advances combined with newly developed computational tools are delivering on the promise of imaging in biological research. Thus, the pace of development in biological microscopes will bring new opportunities for market players.


Biological Microscope Market Dynamics:


Drivers:


Investment in medical and health research and development (R&D) is rising. As per Research America organization, total U.S. medical and health R&D spending was $194.2 billion in 2018. The country is also advancing the translational and clinical research needed to transform groundbreaking basic science in areas such as genetic sequencing and immunology into tangible, life-changing medical advances, which in turn will result in increased demand for biological microscopes in the country.


Opportunities:


Biological microscopes have undergone a revolution in the last two decades. The most modern biological microscopes consists of optics and computational tools and automation that make the modern microscope an instrument that can access all scales relevant to modern biology. Most have already had huge impact in basic cell and developmental biology, and applications in drug screening and intra-vital imaging are now being realized.


Restraint:


Imaging tests including computerized tomography (CT) scan, bone scan, magnetic resonance imaging (MRI), positron emission tomography (PET) scan, ultrasound and X-ray are used in diagnosing cancer and other diseases. The advancements in these imaging equipments can lower the adoption of biological microscopes in these diagnostic labs


Value Chain Analysis


The global biological microscope devices market is an increasingly sophisticated tool for modulating the illumination of biological specimens improves resolution and contrast in ways that were unimaginable a few years ago. These advances combined with newly developed computational tools are delivering on the promise of imaging in biological research.. The value/supply chain of the biological microscope devices industry comprises five significant stakeholders: development, raw material suppliers, manufacturers, sales & distribution and end user.


Biological Microscope Market Segment Overview


The global Biological Microscope Market has been segmented on the basis of industry/application and region.


The global Biological Microscope Market, based on industry/application, has been segmented into hospitals, diagnostic laboratories and research centers & universities. The diagnostic laboratories segment dominated the market share in 2021, and is projected to witness a growth rate of CAGR 5.4% during the anticipated time frame.  


Biological Microscope Market Regional Analysis


The global Biological Microscope Market has been studied across Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.


North America accounted for the largest market share in 2021. The region is anticipated to witness considerable growth due to rising R&D investment at a fast pace in biopharmaceutical and medical technology R&D firms, companies in the health care services arena and other sectors. As per Research! America organization, total U.S. medical and health R&D spending was $194.2 billion in 2018.The country is also advancing the translational and clinical research needed to transform groundbreaking basic science in areas such as genetic sequencing and immunology into tangible, life-changing medical advances, which in turn will result in increased demand for biological microscopes in this region.


Asia-Pacific is the fastest-growing region. The region to register the highest CAGR due to the steadily improving and increasingly accessible health services combined with significant lifestyle changes means that the number of conditions needing treatment in China over the next decade is expected to increase dramatically over the coming years. The region has been segmented, by country, into China, India, Japan, South Korea, Southeast Asia and rest of Asia-Pacific.China is expected to dominate the biological microscope market and register the highest CAGR during the forecast period.


Biological Microscope Market Competitive Landscape


The global biological microscope market is projected to witness healthy growth during the forecast period, owing to the higher growing prevalence of different types of cancers among children and geriatric population has led to increasing demand for diagnostic tools resulting in growth of biological microscope market.


Key players operating in the global Biological Microscope Market include Nikon Corporation, Carl Zeiss AG, Olympus Corporation, National Optical And Scientific Instruments, Inc., Labomed Inc., Leica Microsystems, Meiji Techno, Novel Optical, Phenix Optical Co Ltd, Chongqing Scope Instrument Co, Ltd.


Recent Developments


Zeiss announced the launch of a new microsite to highlight the incredible scientific breakthroughs being made by the featured nine scholars across 24 different fields of study. The at-home extension of their brand-new interactive touchscreen experience recently made its debut at ZEISS tradeshows is this virtual component. The microsite's web interface enables easy exploration of microscopic discoveries and will develop with more research advancements.  On October 2022


Nikon released of the intelligent time-saving ECLIPSE Si biological microscope, that includes an automatic shut-off mode, intelligent time-saving capabilities, and an ergonomic design to lessen physical strain from extended microscope use. On February 2021


Report Overview


As per MRFR, the global Biological Microscope Market has been growing significantly over the past few years. The global Biological Microscope Market has been segmented on the basis of industry/application and region. Based on region, the Biological Microscope Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Objective of the Study



  • To provide a comprehensive analysis of the Biological Microscope Market and its sub-segments, thereby providing a detailed structure of the industry

  • To provide detailed insights into factors driving and restraining the growth of the global Biological Microscope Market

  • To estimate the size of the global biological microscope market where 2018 to 2020 would be the historical period, 2021 shall be the base year, and 2022 to 2030 will be the forecast period for the study

  • To analyze the global biological microscope market in five main regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America

  • To provide country-wise market value analysis for various segments of the Biological Microscope Market

  • To provide strategic profiling of key companies present across the globe and comprehensively analyze their competitiveness/competitive landscape in this market

  • To provide a value chain for the Biological Microscope Market


Scope of the Report


The scope of the global Biological Microscope Market study includes the market size analysis and a detailed analysis of the vendor’s products and strategies. The global Biological Microscope Market has been segmented on the basis of industry/application and region.


Intended Audience



  • Technology Investors

  • Regulatory Industries

  • Government Bodies



Report Scope:

Report Attribute/Metric Details
  Market Size    2021: USD 1,478.79 Million
  CAGR   5.0 % CAGR
  Base Year    2021
  Forecast Period   2022-2030
  Historical Data    2019 and 2020
  Forecast Units    Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered    Industry/Application and region.
  Geographies Covered    North America, Europe, Asia-Pacific, Middle East & Africa, and South America
  Key Vendors   Carl Zeiss AG, Olympus Corporation, Leica Microsystems, Nikon Corporation, LABOMED INC.
  Key Market Opportunities   â€¢ Continuous Innovation In Biological Microscopes
  Key Market Drivers   â€¢ Rising Prevalence Of Cancer • Increasing Funding In Medical Research


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Frequently Asked Questions (FAQ) :

The diagnostic laboratories segment is expected to drive the market during the forecasted period.

The global Biological Microscope Market has been growing rapidly over the past few decades and is expected to grow, at a CAGR of 5.0% during the forecast period.

Carl Zeiss AG, Olympus Corporation, Leica Microsystems, Nikon Corporation, LABOMED INC are expected to be the major competitors in the Biological Microscope Market during the projected period.

The North American region is expected to be the largest market for Biological Microscope market during the forecast period.

Availability Of High-Tech Imaging Equipment In Disease Diagnosis may slow the growth of the Biological Microscope Market during the forecast period.