The Global Market for Microscopes is Forecast to Reach US$9.1 Billion by the Year 2024

Product Innovations & Increasing R&D in Nanotechnology to Drive the Global Microscopes Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Microscopes market. The global market for Microscopes is forecast to reach US$9.1 billion by the year 2024, driven by increased investments by government as well as corporate entities in life sciences and nanotechnology research; continuous focus on product innovations; and emerging new applications in biotechnology.

The global microscopes market is expected to witness steady growth, due to increased use of devices across various industries, such as medical science, forensic science, semiconductors, nanotechnology, metrology, chemistry, metallography, and applied physics. Significant increase in government as well as corporate funding in life sciences constitutes one of the key factors driving growth in the global microscopy market. Growing interest in emerging areas of life-sciences, such as nanoscience, toxicology, and pharmacology is driving greater need for advanced microscopy devices. Life-sciences segment is also witnessing increased application of high-magnification devices such as electron microscopes and atomic force microscopy for detection of genetic structures specific to bacteria and viruses. Nanotechnology constitutes the fastest growing application segment for microscopes. The key factor fuelling growth in the segment includes increasing nanotechnology-related R&D expenditures. Various types of microanalysis tools and advanced microscopy instruments are increasingly using nanostructured materials for specimen analysis at the nanoscale. Other key factors fostering growth in the global microscope market include the development of technologically superior magnification devices; rapid increase in private and public expenditures on R&D; emerging applications of microscopy devices in biotechnology; intensive R&D activities of pharma and biotech companies; accelerated use of microscope devices in academic institutions; and significant advancements in microscopic technology.

The field of microscopy was revolutionized when fluorescent molecules brought in the Nano-dimension to conventional optical microscopy. Nanoscopy enables scientists to study movements of individual molecules in living cells, such as synapses among neural cells in the brain or proteins within fertilized eggs. This led to better evaluation and analysis of neurodegenerative diseases such as Parkinson’s and Alzheimer’s, and also advancement in IVF procedures. Subsequently, many technological developments emerged in microscopy, such as the lens-free and on-chip imaging devices, cryo-electron microscopy, direct detection technologies, photonic microscopy, advanced microscopes for optogenetic applications, and enabling smartphones to act as microscopes through clip-on technology, among other innovations.

Optical Microscopes constitute the largest microscopes segment. With enhanced resolution and efficiency, electron and scanning probe microscopes are gradually taking over the market share the category so far enjoyed. Electron and scanning probe microscopes are witnessing increasing demand as nanotechnology fast penetrates various fields including electronics, environment, medicine and materials. Growing prominence of nanotechnology and increased usage of nanomaterials across the many segments of life sciences as well as material sciences research are also creating major growth opportunities for these two types of advanced microscopes. Emerging end uses such as genome research and new opportunities in biosciences are further fuelling demand growth.

As stated by the new market research report on Microscopes, the U.S. represents the largest market worldwide, closely followed by Europe and Japan. Advanced healthcare systems demanding more diagnostic facilities, the presence of several academic and research institutes, and higher R&D spending on life sciences research, boost the U.S. market. Asia-Pacific is forecast to emerge as the fastest growing market, with a CAGR of 8.9% over the analysis period. Increasing focus on research and a strong semiconductor manufacturing base represent key growth drivers in the Asia-Pacific market.

Key players in the market include Bruker Corporation, Carl Zeiss AG, Hitachi High Technologies America Inc., Jeol USA Inc., JPK Instruments AG, Keysight Technologies, Inc., Leica Microsystems GmbH, Nikon Corporation, Olympus Corporation, Optiscan Imaging Limited, Thermo Fisher Scientific Inc. and WITec GmbH.

The research report titled “Microscopes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers and major technological developments. The report provides market estimates and projections in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), The Middle East and Africa, and Latin America (Brazil and Rest of Latin America). Product segments analyzed include Optical Microscopes, Charged Particle Microscopes, and Scanning Probe Microscopes. End-use applications analysed include Semiconductor Manufacturing, Life Sciences, Materials, Nanotechnology, and Others.

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