Microscopy Market

Microscopy Market Size, Share & Trends

The size of global microscopy market in terms of revenue was estimated to be worth $8.1 billion in 2024 and is poised to reach $10.6 billion by 2029, growing at a CAGR of 5.4% from 2024 to 2029. The comprehensive research encompasses an exhaustive examination of industry trends, meticulous pricing analysis, patent scrutiny, insights derived from conferences and webinars, identification of key stakeholders, and a nuanced understanding of market purchasing dynamics.

Rising chronic disease cases and their effective diagnosis, together with funding scenarios geared toward research and development, are anticipated to drive the market's expansion. Investments in the healthcare industry may also contribute to growth. The price of a microscope instrument and all of its attachments can have an adverse effect on the market's growth. The imaging software that requires recurring fees adds another element that could limit the market's growth.

Microscopy Market Trends

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e- Estimated; p- Projected

Microscopy Market Dynamics

Driver: Raised attention to regenerative medicine and nanotechnology.

The study of functional systems at the molecular level is known as nanotechnology. It is a multidisciplinary field that encompasses many different scientific disciplines, including engineering, chemistry, biology, physics, and materials science. In nanomaterial research, structural characterisation is a crucial stage that makes considerable use of microscopes. Nanostructures are too small to see under standard optical microscopes, hence it is preferable to use sophisticated instruments and microscopes that can fully describe their surface and structure at the molecular and atomic levels

Restraint: High price of software subscriptions and expensive microscopes.

The ways in which microscopes are used have changed as a result of technical developments. Due to their superior features, increased resolution, and magnification power, high-end microscopes including electron microscopes, scanning probe microscopes, and digital microscopes are progressively replacing conventional microscopes in the market. However, the price range of these microscopes, which ranges from USD 25,000 to USD 2 million, significantly restricts their use in pathology labs, hospitals, and small-scale businesses.

Opportunity: Growing fields in which microscopy finds application.

New applications for microscopes in optogenetics, telemedicine, semiconductors, and electronics have been made possible by recent advancements in microscopy techniques. A neuromodulation method called optogenetics use light as a trigger to regulate and track the activity of individual neurons in living tissue. Research on layers of cultured excitable cells has recently used optogenetics in conjunction with microscopy to better understand the general biology of action, potential generation, axonal signal transmission, and synaptic activity. Microscopes with digital support and remote management are also necessary for telemedicine. In the upcoming years, it is anticipated that market participants would have substantial growth potential in these developing microscopy application areas.

Challenges: Lack of skilled professionals

On the whole, no one factor has the ability to restrict the expansion of the microscopy industry; however, the combination of the factors listed below may do so. The market for high-end microscopes may be constrained by the need for qualified specialists to manage microscopes with novel capabilities like AI and ML. However, these professionals are not always readily available. Genuine manufacturers' imaging software does need regular updates and subscriptions; this could increase the cost of operating microscopes and reduce the pool of potential customers with low purchasing power. Indeed, a sizable portion of the world's microscope manufacturers are based in Asia-Pacific countries like China, Japan, or Korea. The respective currencies of these nations have experienced a notable decline in value during the past few years. The market for microscopy may grow more slowly as a result of all these factors.

Microscopy Market Ecosystem/Map

By product type, the optical microscope segment acquired major share in microscopy industry in 2023.

The microscopy market has been segmented into optical microscopes, scanning probe microscopes, electron microscopes X-ray microscopes and cryo-electron microscopes. Optical microscopes segment accounted for the largest market share in 2023. This large share is attributed to the increased focus on developing advanced digital microscopes along with growing applicatiions optical microscopes in materials sciences, semiconductor and life science sectors.

The magnification power of optical microscopes ranges from 10x to 1,000x. Technological developments have enabled digital images to be taken with CMOS and charge-coupled device (CCD) cameras for optical microscopes. As a result, images can be projected onto a computer screen in real time to examine a sample with these digital microscopes. This increases the convenience of use as eyepieces are no longer needed.

By product application, semiconductors and electronics holds largest share in microscopy industry for the year 2023.

The microscopy market is divided into the following segments by application: material sciences, healthcare and life sciences, semiconductors and electronics, automotive, aerospace, environmental, and water treatment applications.

The above-mentioned applications are some of the major end points where microscopes are employed. The application of microscopes holds a feeble balance between the industrial sector and the academic sector. Applications of microscopes in industrial settings, along with health care and diagnostics, hold a major volume when compared to research and academics.

By region, North America is expected to be the largest market of the microscopy industry during the forecast period.

The microscopy market encompasses the following regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America now holds the highest share of the market. The area is renowned for its financing system, which encourages research and feeds the region's ongoing need for cutting-edge, high-tech products. North America is home to a number of the world's top distributors and manufacturers of microscopes because of its favourable manufacturing rules. Because of all these reasons, North America continues to hold a leading position in the microscopy industry.

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As of 2023, major players that operate in the microscopy market are Danaher Corporation (US), Carl Zeiss AG (Germany), Thermo Fisher Scientific (US), EVIDENT (Japan), Nikon Corporation (Japan), JEOL Ltd. (Japan), Oxford Instruments plc (UK), Hitachi High–Tech Corporation (Japan), Keyence Corporation (Japan), Shimadzu Corporation (Japan), Euromex Microscopen bv (Netherlands), Bruker Corporation (US) and Helmut Hund GmbH (Germany).

Scope of the Microscopy Industry

This report has segmented the microscopy market to forecast revenue and analyze trends in each of the following submarkets:

By Type

• Optical Microscopes
  • Confocal Microscopes
  • Stereo Microscopes
  • Digital Microscopes
  • Compound & Inverted Microscopes
  • Other Optical Microscopes
• Electron Microscopes
  • Scanning Electron Microscopes
  • Transmission Electron Microscopes
• Scanning Probe Microscopes
  • Atomic Force Microscopes
  • Scanning Tunneling Microscopes
  • Near-Field Scanning Optical Microscopes
  • Other Optical Microscopes
• Accessories
• Software

By Application

• Semiconductors and electronics
• Healthcare and life sciences
  • Pharma–Biopharma Manufacturing
  • Clinical Diagnostics
  • Drug Discovery and Development
  • Other Healthcare Application (Forensic, Nanotechnology, Surgical Application and Cell Imaging)
• Materials Science
• Other Applications (Automotive, Aerospace, Environmental and Water Treatment Applications)

By End Users

• Industrial Users
  • Semiconductor and Electronic Industry
  • Automotive Industry
  • Food and Beverage Industry
  • Other Industries (Mining & Material Industry, Oil & Gas Industry)
• Diagnostic and Pathology Labs
• Pharma–Biopharma Companies and CRO’s
• Academic and Research Institutes
• Others (Hospitals, Diagnostic Centre, Blood Banks and Forensic Labs)

By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
• GCC Countries

Recent Developments of Microscopy Industry:

• Danaher Corporation launched ‘VIVENTIS LS2’ on May 2024. It has light sheet technology which helps to produce high depth images of live sample.
• In June 2023, Carl Zeiss AG launched Axiovert 5. It’s a cell imaging system that comes with pre-build Ai. It helps to automate complex lab workflow.
• In June 2023, Thermo Fisher Scientific announced the commercial launch of METRIOS 6 (S)TEM. The new modal for TEM comes with advanced features that gives in depth images of the internal sections of the sample.

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