Life Science Microscopy Devices Market, By Product Type (Optical Microscopes (Stereo Microscopes, Phase Contrast Microscopes, Fluorescence Microscopes, Confocal Scanning Microscopes, and Others), Electron Microscopes (Transmission Electron Microscope and Scanning Electron Microscope), and Scanning Probe Microscope (Atomic Force Microscope and Scanning Tunneling Microscope)), By End User (Research Laboratories and Institutes, Forensic and Diagnostic Laboratories, and Pharmaceutical and Biotechnology Companies) - Global Forecast to 2025

Published In : Jun 2018

Code : CMI1725

Pages :173

Formats :

Excel and PDF

Industry : Medical Devices

Life Science Microscopy Devices MarketSize and Trends

The global life science microscopy devices market was valued at US$ 1,350.6 million in 2017 and is expected to witness a CAGR of 6.8% over the forecast period (2017–2025).

Rising development of technologically advanced products is expected to drive growth of the life science microscopy devices market

The market is expected to gain significant growth, owing to the rapid development activities for the launch of technologically advanced and cost-effective quality products such as robotic visualization systems for ease of use in surgeries. For instance, on November 9, 2017, Olympus Corporation planned to launch two types of Upright FV3000 confocal laser scanning microscope by January 2018 to observe phenomena such as super-fast signal propagation in the nervous system. Furthermore, increasing research and development in the field of proteomics and genomics, and high prevalence of infectious diseases and cancer are major factors driving growth of the life science microscopy devices market. For instance, according to 2012 EU Industrial R&D Investment Scoreboard, the pharmaceutical and biotechnology sectors represented 17.7% of the business R&D expenditure in the world. Furthermore, according to the U.S. Food & Drug Administration (FDA), the number of approved medicines increased to 45 in 2015 from 21 in 2010, which indicates the increased number of research activities being carried out by pharmaceutical organizations. Such advancements in research is expected to drive growth of life science microscopy devices market.

Increasing nanotechnology research is also driving growth of the life science microscopy devices market

The field of nanotechnology witnessed significant progress in the past few decades and has impacted dentistry, health care, and human life more profoundly than many other developments in the past. Moreover, it can be used in drug delivery, biosensors, and other biomedical applications. Thus, increasing nanotechnology research and development activities and demand for appropriate tools to characterize the functional properties of nanomaterials are expected to drive growth of life science microscopy devices market over the forecast period. For instance, in 2013, the U.S. Federal Government proposed a budget of US$ 1.8 billion for 15 agencies for nanotechnology research and development.