OPTICAL MICROSCOPES MARKET ANALYSIS

Market Challenges And Opportunities

Global Optical Microscopes Market Drivers:

Increasing funding for R&D to augment market growth

One of the key factors expected to augment the growth of the global optical microscopes market over the forecast period is the increasing funding for research and development in cell biology and biotechnology. For instance, optical microscope is commonly used in many research areas, such as microbiology, cell biology, and biotechnology. In November 2021, Chan Zuckerberg Initiative (CZI) announced more than US$ 5 million to advance bioimaging technologies, increase access to these tools, and build capacity for biomedical researchers. A funding will support projects increase access to imaging instrumentation and expertise for biomedical researchers in Latin America and the Caribbean, Africa, and former Soviet countries.

Technological advancements to underpin market growth

Another factor which is driving the growth of the optical microscopes market is the technological advancements in optical microscopes. For instance, market players are focusing on developing or launching novel, technological advanced optical microscope in the market. In August 2021, Vision Engineering Limited announced the launch of the DRV Stereo CAM, a new and innovative stereo camera system that converts optical stereo microscope in high magnification, definition 3D digital stereo microscope. The system combines all the benefits of high resolution optical microscopy and Vision Engineering’s patented DRV ‘glasses-free’ digital 3D stereo viewing technology.

Global Optical Microscopes Market Opportunities:

Increase in demand for optical microscopes is expected to provide significant growth opportunities for players in the global optical microscopes market. For instance, optical microscopes are used in research areas, such as microbiology, biotechnology, nanophysics, microelectronics, laboratories, and pharmaceutical research. They are also used to view biological samples for medical diagnosis in diagnostic centers. In June 2022, Hitachi High-Tech Corporation launched AFM100 Pro High-Sensitivity Scanning Probe Microscope System, a high-end scanning probe microscope equipped with high-sensitivity optical head that improves sensitivity when measuring physical properties and enables measurement at atomic and molecular scales.

Rise in prevalence of chronic and infectious diseases across the globe is expected to offer lucrative growth opportunities for players in the global optical microscopes market. For instance, the optical microscope is used to identify and diagnose microorganisms/viruses causing diseases in humans, animals, and/or plants. In August 2020, the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH), awarded 11 grants of more than US$ 17 million to establish the Centers for Research in Emerging Infectious Diseases (CREID). This will involve multidisciplinary investigations on viruses and other disease-causing microorganisms.

Global Optical Microscopes Market Restraints:

Limitations of optical microscopes to hinder market growth

One of the key factors expected to hamper the growth of the global optical microscopes market is the rise in adoption of or demand for electron microscopes worldwide. For instance, in comparison to the electron microscope, optical microscopy is a very useful tool for inspecting the appearance of a material in more detail, but it has significant limitations that limit its practical applicability. Moreover, electron microscope has certain advantages over optical microscopy. Such increasing advantages of an electron microscope over optical microscope are expected to hamper the growth of the optical microscopes market over the forecast period.

Availability of low-cost products to hamper market growth

Another factor which is hampering the growth of the optical microscopes market is the availability of low-cost products. For instance, small-scale manufactures offer the number of low-cost portable microscopes. DIY microscope makes highly adaptive optical technology accessible to educators (students) at a low cost by using low-cost materials. As the availability of low-cost devices attracts more customers, it inhibits optical microscope market growth.