Overview and Scope
Microscopy refers to the technical practice of viewing samples and objects through microscopes that need magnification or resolution beyond the human eye.
Sizing and Forecast
The microscopy market size has grown strongly in recent years. It will grow from $9.14 billion in 2023 to $9.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to research and development in life sciences, drug discovery and development needs, material science and nanotechnology applications, increasing adoption in clinical diagnostics, quality control in manufacturing processes..
The microscopy market size is expected to see strong growth in the next few years. It will grow to $13.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to rise in demand for point-of-care diagnostics, application in environmental monitoring, expansion of aerospace and automotive industries, remote microscopy and digital pathology, enhanced imaging in neuroscience research.. Major trends in the forecast period include super-resolution microscopy, integration of artificial intelligence (ai), multiplexed imaging, cryo-electron microscopy (cryo-em), 3d imaging and reconstruction, quantitative microscopy techniques..
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Segmentation & Regional Insights
The microscopy market covered in this report is segmented –
1) By Type: Microscopes, Accessories, Software
2) By Application: Semiconductor, Life Sciences, Materials Science, Nanotechnology, Other Applications
3) By End User: Industrial, Electronics And Semiconductor Industry, Automotive Industry, Food And Beverages Industry, Diagnostic And Pathology Labs, Pharma-Biopharma Companies And CRO’s, Academic And Research Institutes, Other End-Users
North America was the largest region in the microscopy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the microscopy market during the forecast period. The regions covered in the microscopy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising demand for pharmaceutical and cell biology research is expected to propel the microscopy market. Pharmaceutical and cell biology research refers to the discovery and development of potential drug candidates and compounds manufactured to be used as medicinal drugs for treating diseases. This industry discovers, develops, and manufactures medicines that are used to cure, alleviate symptoms, and vaccinate against various diseases. Microscopy techniques are widely used in various research projects, including biosimilars stem cell research projects, pharmacology, and other biomedical research to visualize and study the structure and function of cells. For instance, in February 2022, according to IQVIA, a US-based multinational company serving the combined industries of health information technology and clinical research, with more than 2,000 agreements and $47 billion in deal value expected to close in 2021, venture capital deal activity and investment flows in the United States have increased over the last two years as interest in life sciences has grown. Additionally, the 15 biggest pharmaceutical firms spent a record $133 billion on R&D in 2021. Therefore, rising demand for pharmaceutical and cell biology research is expected to drive the growth of the microscopy market.
Key Industry Players
Major companies operating in the microscopy market are focusing on developing advanced solutions such as high-sensitivity scanning probe microscope system to drive revenues in their market. A high-end scanning probe microscope offers enhanced sensitivity and high-precision measurement for physical attributes at the atomic and molecular scales. For instance, in June 2022, Hitachi High-Tech Corporation, a Japan-based company that operates in various high-tech fields launched AFM100 pro high-sensitivity scanning probe microscope system. AFM100 Pro is utilized in a variety of industries, including semiconductor, polymer, and biomedical, for research and development as well as quality control. The product is made to help resolve client problems and satisfy the need for on-site analysis. The AFM is a kind of measurement and analysis tool that uses a probe with a tip diameter of only a few nanometers to scan a sample’s surface.
The microscopy market report table of contents includes:
1. Executive Summary
2. Microscopy Market Characteristics
3. Microscopy Market Trends And Strategies
4. Microscopy Market – Macro Economic Scenario
5. Global Microscopy Market Size and Growth
….
31. Global Microscopy Market Competitive Benchmarking
32. Global Microscopy Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Microscopy Market
34. Microscopy Market Future Outlook and Potential Analysis
35. Appendix
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