CRYO ELECTRON MICROSCOPY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Cryo Electron Microscopy Market, By Product Type (Transmission Electron Microscopes, Scanning Electron Microscopes Accessories and Software), By Application (Biological Science, Material Science, Nanotechnology, Lifesciences, Medical, Semiconductor, Others), By End-User (Academic and Research Institutions, Pharmaceutical and Biotechnology Companies, Contract Research Organizations, Government and Research Laboratories, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Aug 2024
Code : CMI7282
Pages :140
Formats :
Excel and PDF
Industry : Medical Devices

Market Concentration and Competitive Landscape

Cryo Electron Microscopy Market Concentration By Players

Close-monitor your Competitor's Move, Request sample copy

Growing R&D expenditure in pharma and biotech companies

Another key growth driver for cryo electron microscopy market has been rising R&D investments by pharmaceutical and biotechnology companies. Cryo electron microscopy is increasingly becoming a core technology for structural biology programs in the pharmaceutical industry. The technique helps in expediting projects involving structure determination of protein drug targets, lead candidate molecules as well as larger complexes involved in diseases. The three-dimensional structural data provided helps in computer aided drug design to optimize lead candidates at a much faster pace than was previously possible. Many leading pharmaceutical companies have made major investments to set up in-house cryo EM centers staffed with expert microscopists and supporting infrastructure.

Moreover, the improved resolution capabilities of the latest generation cryo electron microscopes coupled with innovations in cryo EM workflows have further increased their utility. For example, structural studies are now possible on smaller targets like drug fragments which were challenging earlier. This expands the scope of cryo EM applications considerably. With continued growth in biopharma R&D spending anticipated in the coming years on technological innovations, demand for cryo electron microscopes and associated services from this end-user segment is expected to rise substantially. This will remain a key growth driver for the global cryo electron microscopy market.

Key Players Insights