The Microscope Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Microscope Global Market Report 2024, The microscope market size has grown strongly in recent years. It will grow from $12.8 billion in 2023 to $13.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increasing demand for high-resolution and advanced microscopes , expansion of the electronics industry, increased adoption in semiconductor manufacturing, rise in demand for microscopic imaging in healthcare, emergence of digital microscopy.
The microscope market size is expected to see strong growth in the next few years. It will grow to $19.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to miniaturization and portability of microscopes, focus on digital imaging and connectivity, growing nanotechnology applications, expanding use in drug discovery, increasing cloud-based data management. Major trends in the forecast period include advancements in optical technology, integration of artificial intelligence, increased focus on sustainable and green technologies, partnerships between microscope manufacturers and research institutions.
The increase in research and development investment is expected to propel the growth of the microscope market going forward. Research and development (R&D) refer to conducting scientific and technological investigations to develop practical and useful applications for various fields. Microscopes play a crucial role in multiple areas of research and development (R&D). They enable scientists and researchers to visualize and study microscopic structures, analyze samples, and make meaningful observations. For instance, in January 2023, according to the National Center for Science and Engineering Statistics., a US-based statistical agency, U.S. research and development investment increased by $717 billion and $792 billion in 2021. Furthermore, in November 2022, according to reports shared by the Central Statistical Office of Poland, a Poland-based government agency, the amount spent on intramural nanotechnology research and development in 2021 was $90.34 million (PLN 373.4 million), a 25.9% increase from the previous year. Therefore, increases in investment for research and development are driving the growth of the microscope market.
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The microscope market covered in this report is segmented –
1) By Product: Optical, Electron, Scanning Probe, Other Products
2) By Component: Microscopes, Accessories, Software
3) By Application: Material Science, Nanotechnology, Life Science, Semiconductors, Other Applications
4) By End-User: Industries, Academic And Research Institutes, Other End Users Microscopes
Technological advancement is a key trend gaining popularity in the microscope market. Major companies operating in the microscope market are developing technologically advanced products to sustain their position in the market. For instance, in January 2021, Carl Zeiss AG, Germany-based optical systems and optoelectronics manufacturer, launched a new digital microscope with an extended depth of field in real-time. This innovative product uses a new micro-mirror array lens system (MALSTM) technology to create images with a depth of field up to 100 times greater than traditional microscopes. This allows users to view entire objects in sharp focus without manually focusing or using Z-stacking techniques. The Visioner 1 is ideal for various applications, including quality control, failure analysis, and research. It is also suitable for use in education and training. Additionally, it includes such features as extended depth of field in real-time, high resolution, a wide field of view, and easy use. It is a versatile and powerful tool that can be utilized in various applications.
The microscope market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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