MICROSCOPY DEVICES MARKET ANALYSIS

Microscopy Devices MarketSize and Trends

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).

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

Global Microscopy Devices Market – Driver

Increasing product launched by market players

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

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 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.