Global Microscope Market by Product (Scanning Probe, Electron, Optical), by Application (Life Science, Nanotechnology) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global microscope market was valued at USD 9.5 billion in 2020. It is projected to grow at a compound annual rate (CAGR of 7.93%) between 2021 and 2028. The market is driven by the increasing application range and the high demand for technologically advanced magnification equipment. Market growth is expected to be boosted by the growing demand from the semiconductor industry and healthcare sector. The growing demand for microscopy is also being supported by the establishment of microscopy facilities to support research activities. Microscopy penetration is expected to increase with the development of technically advanced products that have faster performance and easier sample preparation.

The forecast period will see an increase in product demand due to technical advances that allow images to be displayed in high-definition and 3-dimensional views. The industry is growing due to the advent of new technologies such as deep learning, the Internet of Things (IoT), and Extended Ultraviolet Lithography(EUVL).

IoT creates demand for memory and connectivity. microcontrollers use the neural networks to analyze data to improve the manufacturing of Integrated Circuits. EUVL also contributes towards high-end chip manufacturing. High-resolution electron microscopy allows for a wide range of evaluations, from packaged devices to the atomic-level gate structure. The use of electron beam-based systems is useful in the analysis of device failure sources and to improve manufacturing processes.

The COVID-19 Microscope market Impact: A 0.3 % drop from 2019 to 2020

These instruments are also used by the manufacturing industries (microelectronics and automotive) and medical device manufacturers to improve the quality and output, as well as reduce costs. Market growth is expected to be driven by the introduction of new techniques such as piezoelectric to accurately view specimens at standard temperatures and pressures.

Product Insights

The electron microscopy segment dominated this market and accounted for more than 42% of the total revenue in 2020. Contrary to optical microscopes, electron microscopes use an accelerated electromagnetic beam as their source of illumination. Electron microscopes have a high resolution due to the shorter wavelength of electrons than visible light. Because electron microscopes are more expensive than optical microscopes, they are used by established research labs and industries. Because of the close association between academic/research institutions and manufacturers, electron microscopes are expected to gain more market penetration. Due to their ability to see sub-cellular components, the Scanning Probes Microscopic (SPMs), segment will experience the fastest CAGR over the forecast period.

This segment is also growing due to the rapid technological advancements and the increasing number of applications. SPMs can be used in areas such as natural topography, studying nanostructures, diffraction grating, and biological materials, including DNA and cell membranes. For subcellular and cellular imaging, optical technology-based products are used extensively in academic and life sciences research institutes. The demand for optical devices is increasing due to the growing number of academic institutions.

Application Insights

Life science dominated the market, accounting for more than 33% of all revenue in 2020. Compound microscopes are used for life sciences studies. They include fluorescence, laser microdissection and upright microscopes. To observe the genetic structure of bacteria and viruses, microscopes with high magnification are becoming more popular.

The segment is also growing because of its applications in diagnosing diseases. Nanotechnology is one of the fastest growing application industries in the market. The segment's growth is expected to be fueled by large investments in nanotechnology research, development, and an increase in product application.

Material sciences includes microscopes that can be used to study properties, subatomic structures and their associated functions. Based on the required magnification, a wide variety of devices are used, including compound and highly efficient electron microscopes. Material sciences also covers product applications in chemistry, solid-state Physics, and industrial applications such as inspections of metallic, and ceramic and polymeric surfaces for various industries.

Regional Insights

Asia Pacific dominated the global microscope market, capturing the largest revenue share at over 35% in 2020. The growth of the region market is due to the presence of top manufacturers in Japan and a growing number of local producers in countries like China and India. Market growth is expected to be driven by the increasing number of healthcare facilities and increasing demand for diagnostic centres, as well as growing R&D projects.

North America will also gain market share during the forecast period. Market growth is being driven by the presence of many academic institutes, advanced healthcare infrastructure, R&D institutes, and a large number. A significant number of market players are also based in the U.S. These players generate revenue that contributes to the growth and development of the regional market.

Latin America is attracting major biotech and pharmaceutical companies' attention for their clinical trials projects. This is due to the lack of strict regulatory requirements, availability of patients and advanced research infrastructure. Many countries in the region have made it easier to conduct clinical trials. This has allowed for the development of more competitive trials. The region saw a higher demand for microscopes.

Market Share Insights & Key Companies

This market is fragmented, with many local players competing against international players. To remain competitive in this sector, major players are more concerned with the development and research of new products. To maintain their market dominance, major market players employ a variety of strategies to ensure that they are successful, including high R&D, global expansion strategies and wide product offerings. The following are the major players in the global microscope market:

• Carl Zeiss Meditec AG

• Bruker Corp.

• Cameca

• Thermo Fisher Scientific, Inc.

• Nikon Corp.

• Olympus Corp.

• SI NT-MDT

• Hitachi High-Tech Corp.

• JEOL Ltd.

• Oxford Instruments (Asylum Corp.

Up Market Research published a new report titled “Microscope Market research report which is segmented by Product (Scanning Probe, Electron, Optical), by Application (Life Science, Nanotechnology), By Players/Companies JEOL Ltd, Nikon Corporation, Olympus Corporation, Leica Microsystems, Carl Zeiss, Inc, Hitachi High-Technologies Corporation, Thermo Fisher Scientific”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Microscope Market Report Segments:

The market is segmented by Product (Scanning Probe, Electron, Optical), by Application (Life Science, Nanotechnology).

Microscope Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Microscope Market

Overview of the regional outlook of the Microscope Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Microscope Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Microscope Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Scanning Probe

                2. Electron

                3. Optical

                1. Life Science

                2. Nanotechnology

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Microscope Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Microscope Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.