Microscopy Market Size, Share, Trends, Growth

The Microscopy 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 Microscopy , 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..

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.

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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

Major companies operating in the microscopy market are focusing on innovative products such as Eclipse Ui to drive revenues in their market. Eclipse Ui is a digital imaging microscope which aims to enhance medical diagnosis and research by offering advanced imaging capabilities for healthcare applications and research. For instance, in April 2023, Nikon Corporation, a Japan-based company that specializes in optics and imaging products launched Eclipse Ui. The ECLIPSE Ui has a special design that eliminates the need for an eyepiece lens which enhances the pathologist’s position during observation and makes it possible to share observation images on the screen. It facilitates better workflow for pathological observation and lessens the physical strain on pathologists. Its distinctive design, which does not include an eyepiece lens, enhances the pathologist’s position during observation and makes it possible to share observation photos on the display.

The microscopy market report table of contents includes: