Microscopy Devices Market - Snapshot
Microscopes have enabled researchers to conduct in-depth academic and exploratory research. Rise in interest in life science areas such as nanoscience and pharmacology & toxicology has created a need for advanced microscopes that employ mediums much more penetrative than light such as electron and X-ray. Based on device type, the global microscopy devices market has been segmented into optical microscopes, electron microscopes, and scanning probe microscopes. The global microscopy devices market was valued at US$ 6,218.0 Mn in 2016 and is anticipated to expand at a CAGR of 8.0% from 2017 to 2025 to reach US$ 12,351.4 Mn by 2025. The scanning probe microscopy segment is likely to fuel the growth of the global microscopy devices market from 2017 to 2025.
Rapid expansion of the global microscopy devices market is attributed to increase in innovations and technological advancements in microscopes, focus on R&D activities by pharmaceutical and biotechnology companies, and growth of the life science industry. The biomedical research and engineering sector is rapidly growing, driving innovation in products and technologies used in the field. For instance, localization microscopy is a new technique designed by a scientist at the Delft University of Technology (the Netherlands). A fluorescence microscope usually produces images within the resolution range of 200 nanometers to 300 nanometers. However, scientists can use the new localization microscopy technique to produce better and more informative images of cellular functions, including internal images of cells.
Constant upgrades and innovation in products and technologies of microscopy devices have been the key strategies adopted by major players in the global life sciences microscopy devices market. New product introduction in various segments, such as electron microscopes, scanning probe microscopes, and integrated microscopes, have created high demand for the devices in the market. Products such as Flouview FU300 (Olympus Corporation), OPMI LUMERA 300 / 700 (Carl Zeiss Microscopy GmbH), Eclipse Ti2 (Nikon Corporation), and CD-SEM-1 CV5000 (Hitachi High-Technologies Corporation) have been the benchmarks in the microscopy devices market. Such advancements in products, with an aim at value addition and improving product offerings, has augmented demand for microscopes in the life sciences research segment.
The global microscopy devices market is witnessing rapid growth. Key players such as Olympus Corporation, Hitachi High-Technologies Corporation, Carl Zeiss Microscopy GmbH, and Nikon Corporation have strong presence in the market. Established players focus on increasing their research and development activities to come up with new products and attract more number of customers by offering innovative and technologically advanced products. In 2017, Olympus Corporation spent US$ 706 Mn on research and development (50.2% higher than that in 2016). The company primarily invests in research and development for the development of microscopy devices. Additionally, rise in microscopy devices offer ample business opportunities for the development of cutting edge technologies that promote credibility and encourage product uptake. Hence, investment in research and development for new product development and enhancement of existing product portfolio would help the key players to retain and enhance their share in the global microcopy devices market.
The global microscopy devices market has been segmented based on product type, application, end user, and region. In terms of product type, the optical microscopy segment is projected to lead the market and is expected to continue its dominance during the forecast period. Scanning probe microscopy is an advanced technique. Increased applications of microscope in various fields such as nanotechnology, semiconductor technology, and life sciences are the major factors driving the market. Life sciences has been a major segment for the use of microscopes. Optical microscopy was the leading segment in terms of revenue in 2016. The segment is likely to continue to dominate the market during the forecast period. In terms of indication, the microscopy accessories segment is likely to lose market share during the forecast period. The cell and molecular biology segment is expected to continue to dominate the market from 2017 to 2025.
North America captured the largest share of the global microscopy devices market in 2016. Increase in government funding for R&D in life science is expected to drive the market in the U.S. Asia Pacific is projected to gain market share during the forecast period and is likely to be key revenue generator. Implementation of industrial policies favoring companies in the health and life science areas along with approval of non-reimbursable funds and establishment of various government programs to support the internationalization of the life sciences sector driving the market growth in Brazil, South Africa Saudi Arabia, etc. is likely to boost market growth in Latin America and Middle East & Africa.
Key companies operating in the global microscopy devices market and profiled in the report include Olympus Corporation, Hitachi High-Technologies Corporation, Carl Zeiss Microscopy GmbH, and Nikon Corporation. These players are adopting advanced techniques in development of microscopy devices to expand their product offerings, strengthen their geographical reach, increase customer base, and garner market share. In April 2016, Olympus Corporation introduced a new confocal laser scanning microscope, the FLUOVIEW FV300, which combines usability with high-performance imaging capabilities to enable researchers in fields such as cell biology, cancer research, and stem cell research. In November 2016, Nikon Corporation launched new inverted microscope, the ECLIPSE Ti2, which provides improved stability and usability in research applications in the life sciences segment.
Microscopy Devices Market – Overview
Microscopes have enabled researchers to conduct in-depth academic and exploratory research. Increasing interest in life science areas such as nanoscience and pharmacology & toxicology has created a need for advanced microscopes that employ mediums much more penetrative than light such as electron and X-ray. Based on device type, the global microscopy devices market has been segmented into optical microscopes, electron microscopes, and scanning probe microscopes. Rapid expansion of the global microscopy devices market is attributed to increase in innovations and technological advancements in microscopes, focus on R&D activities by pharmaceutical and biotechnology companies, and growth of the life science industry. The global microscopy devices market has been segmented based on product type, application, end-user, and region.
Based on product type, the global microscopy devices market has been classified into optical microscopy, scanning probe microscopy, electron microscopy, and microscopy accessories. In terms of application, the market has been segmented into cell and molecular biology, pharmacology and toxicology, clinical pathology and diagnostics surgery, biomedical engineering, neuroscience, and others. Based on end-user, the global market has been categorized into hospitals, diagnostic laboratories, ambulatory surgery centers (ASCS), physician offices, and academic & research institutes. Based on region, the global microscopy devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The research is a combination of primary and secondary research, conducted to understand and arrive at trends used to forecast the expected revenue of the microscopy devices market in the near future. Primary research formed the bulk of the research efforts with information collected from in-depth interviews and discussions with a number of key industry experts and opinion leaders. Secondary research involved study of company websites, annual reports, press releases, investor presentations, analyst presentation, and various international and national databases. The report provides estimated market size in terms of US$ Mn for product type, application, end-user, and region for the period 2015 to 2025, considering the macro and micro environmental factors. The revenue generated from each product type, application, and end-user was calculated by considering the microscopy devices market product sales.
The market report comprises an elaborated executive summary, which includes market snapshot that provides information about various segments of the market. It also provides information and data analysis of the market with respect to market segments based on product type, application, end-user, and region. The market overview section of the report analyzes market dynamics such as drivers, restraints, and opportunities that influences the microscopy devices market in the current and future scenario. The report also provides Porter’s Five Forces Analysis, the acquisitions timeline of microscopy device companies, SWOT analysis of the market, regulatory scenario, key potential customers, pricing analysis, key vendor and distributor analysis, export-import scenario, and comparative analysis of the microscopy devices market.
Market share analysis of the major players is carried out to highlight the contribution of these players in the market in terms of percentage share. All these factors will help the market players to decide the business strategies and plans to strengthen their positions in the global market. Based on region, the global microscopy devices market has been analyzed for five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study also covers detailed country analysis contributing majorly in the microscopy devices market.
The report also profiles the major players in the market in terms of attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Companies profiled in the microscopy devices market report are Olympus Corporation, Hitachi High-Technologies Corporation, Carl Zeiss Microscopy GmbH, Nikon Corporation, Shimadzu Corporation, Leica Microsystems, Bruker Corporation, FEI Company, JOEL Ltd., Cameca SAS, NT-MDT SI, and Keysight Technologies.
The global microscopy devices market has been segmented as follows:
- Diagnostic Laboratory
- Ambulatory Surgery Centers
- Physician Offices
- Academic & Research Institutes
- Global Microscopy Devices Market, by End-user
- Cell and Molecular Biology
- Pharmacology and Toxicology
- Clinical Pathology and Diagnostics
- Biomedical Engineering
- Global Microscopy Devices Market, by Application
- Global Microscopy Devices Market, by Product Type
- Optical Microscopy
- Light Microscopy (Inverted and Upright Microscopy )
- Confocal/Multiphoton Microscopy
- X-ray Microscopy
- Fluorescence Microscopy
- Phase Contrast Microscopy
- Stimulated Emission Depletion Microscopy
- Scanning Probe Microscopy
- STM (Scanning tunneling microscope)
- AFM (Atomic force microscopy)
- NSOM (Near-field scanning optical microscopy)
- Electron Microscopy
- SEM (Scanning electron microscope)
- TEM (Transmission electron microscopy)
- STEM (Scanning transmission electron microscope)
- FIB (Focused ion beam)
- Microscopy Accessories
- Microscopy Camera
- Objective Scanners
- Optical Microscopy
- Global Microscopy Devices Market Revenue, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- North America