MICROSCOPY DEVICES MARKET ANALYSIS

The global microscopy devices market is estimated to be valued at US$ 9.82 Billion in 2023 and is expected to exhibit a CAGR of 7.5% during the forecast period (2023-2030).

Analysts’ Views on Global Microscopy Devices Market:

Increasing product launches by market players are expected to drive the global microscopy devices market over the forecast period. For instance, in July 2021, Leica Microsystems GmbH, a German microscope manufacturing company, launched a new generation of the M320 for micro-dentistry. The M320 dental microscope now offers ultra-high-resolution imaging with an integrated 4K camera. The additional Leica View App can be used for image streaming of microscope images and videos to a mobile device for added viewing flexibility. 

Figure 1. Global Microscopy Devices Market Share (%), by Product Type, 2023

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Global Microscopy Devices Market – Driver

Increasing product launched by market players

Increasing product launches by market players are expected to drive the microscopy devices market over the forecast period. For instance, at Urovant Sciences, on November 24, 2022, CIQTEK a technological enterprise launched the SEM3300, a tungsten filament scanning electron microscope that is a perfect blend of technology and industrial design. SEM3300 has  excellent image quality; high-resolution images can be obtained in different fields of view. Large depth of field for stereoscopic images. Extensive scalability to help you explore the world of microscopic imaging.

Figure 2. Global Microscopy Devices Market Share (%), by Region, 2023

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Global Microscopy Devices Market- Regional Analysis

Among regions, North America is estimated to hold a dominant position in the global microscopy devices market over the forecast period. North America holds 45.1% of the market share due to the increasing partnerships of market players in the region to develop advanced microscopes. For instance, in June 2022, ZEISS Microscopy a manufacturer of microscope system entered into a strategic partnership with LabCentral, a non-profit company, to support biotech research start-ups in the Boston, USA, area. This partnership will work to develop routine cell culture assessment, automated high-resolution imaging of live cells, and whole slide scanning of fixed cells and tissues.

Global Microscopy Devices Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, are facing problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the global microscopy devices market. For instance, according to the research article published in September 2020 in the “Nature” journal, the researchers used high-resolution scanning electron microscopy for the ultrastructural analysis of the SARS-CoV-2 virus interaction with the host cell.

Global Microscopy Devices Market Segmentation:

The global microscopy devices market report is segmented into product type, application, end user, and region.

Based on Product Type, the market is segmented into Optical Microscopes, electron microscopes, scanning electron microscopes, and others. Out of which, the electron microscopes segment is expected to hold a dominant position in the microscopy devices market during the forecast period, and this is attributed to the increasing launches of electronic microscopes by market players.

Based on Application, the market is segmented into nanotechnology, life science, pathology, and others. Out of which, the life science segment is expected to hold a dominant position in the microscopy devices market during the forecast period.

Based on End User, the market is segmented into hospital, research institutes, diagnostic laboratories, and others. Out of which, the diagnostic laboratories segment is expected to dominate the market over the forecast period, and this is attributed to the increase in the number of new diagnostic laboratories for the diagnosis of infection over the forecast period.

Among all segmentation, the pathology segment has the highest potential due to the increasing product launches by market players. For instance, on June 15, 2023, Nikon Instruments Inc. a provider of microscope launched "ECLIPSE Ui", an integrated microscope-based viewing system designed for both in-person clinical and remote pathological observation. The ECLIPSE Ui features a unique microscope design that foregoes eyepieces in favor of a completely digital user experience, allowing for easy viewing and sharing of images while retaining a natural posture.

Global Microscopy Devices Market Cross Sectional Analysis:

In product type segment, electron microscopes hold a dominant position in North America region due to the increasing research and development activities by market players in region. For instance, in April 2022, Thermofisher Scientific Inc.’s state-of-the-art cryo-transmission electron microscope was inaugurated at the Center for Cellular and Molecular Biology (CCMB). This microscope will help scientists to accelerate potential cures, drug discoveries, and diagnostic research.

Global Microscopy Devices Market: Key Developments

• Increasing product launches by market players are expected to increase growth over the forecast period. For instance, on November 23, 2021, Vision Engineering ,a global leading-edge manufacturer, launched the VE Cam microscope for a wide range of applications. It delivers an efficient and accurate inspection capability, combined with a mix of built in productivity features, superb image quality, and user control.
• For instance in July 2022, Oxford Instruments Asylum Research launched the new Cypher L atomic force microscope (AFM). The Cypher L is designed for researcher’s capabilities in research markets including polymers, 2D materials, quantum technology, and energy storage.

Global Microscopy Devices Market: Key Trends

Increasing product launch by market players

Increasing product launches by market players are expected to drive the Microscopy Devices Market growth over the forecast period. For instance, on June 28, 2022, Hitachi, Ltd. launched the AFM100 Pro High-Sensitivity Scanning Probe Microscope System. It measures physical properties and enables measurement at atomic and molecular scales.

Global Microscopy Devices Market: Restraint

High cost of microscopy devices

The global microscopy devices market can be hindered by high price. The high cost associated with advanced microscopy devices will impact the growth of the microscopy device market. The cost of a scanning probe microscope ranges from US$ 100,000 to 300,000. If increase in funding by government for microscopy devices may increase the ease of buying microscopy devices and thus produce positive impact on microscopy devices market.

Global Microscopy Devices Market - Key Players

Major players operating in the global microscopy devices market include Danaher Corporation, Olympus Corporation, Thermo Fischer Scientific, Bruker Corporation, Nikon Corporation, Hitachi, Ltd., Alltion (Wuzhou) Co., Ltd., Park Systems Corp., ACCU-SCOPE Inc., Semilab Germany GmbH, JEOL Ltd., Carl Zeiss Meditec AG, TESCAN ORSAY HOLDING a.s. and Nanosurf AG.

*Definition: Microscopy devices are mostly used in academic, clinical, and commercial settings. Optical microscopes, electron microscopes, and scanning probe microscopes are some of the types of microscopy devices routinely used in the healthcare sector. These devices play an essential role in conducting academic and exploratory research for the development of pharmaceutical drugs and therapies for chronic diseases.