The Global 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) was valued at US$ 1,350.6 million in 2017 and is projected to exhibit a CAGR of 6.8% over the forecast period (2017 - 2025).
Life science is an industry, which is rapidly growing due to continuous research and development in genomics and proteomics that are facilitating the discovery and development of high value targeted drugs or therapies such as personalized medicines. Therefore, emphasis on adoption of technologically advanced microscopy devices is expected to boost growth of life science microscopy devices market. Manufacturers are focused on developing new products, owing to increasing adoption and accessibilities of these microscopes in research institutes. For instance, on March 27, 2018, Bruker extended its product portfolio of InVi SPIM microscope to include detection optics, flexible illumination, and full incubation capabilities, which enables imaging of the cell monolayers and small organisms in real-time. This technique can be used by the researchers to perform long-term experiments on tumorigenesis without harming live specimens that are not feasible on any other microscope system. Furthermore, Bruker on February 22, 2018, acquired a high-speed infrared (IR) microscopy company called IRM2 to expand its market opportunities and product portfolio of infrared microscopy for large sampling areas, mainly for the selective screening of biological tissues. Thus, integration of such technologies enables innovation, improved productivity in life science molecular research as well as in phenomics and proteomics research, cell biology, microbiology, and molecular pathology research and in turn will boost growth of life science microscopy devices market.
Browse 25 Market Data Tables and 44 Figures spread through 173 Pages and in-depth TOC on "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"
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Vendors are also engaged in developing powerful magnification microscopes, which can be used in wide-array of applications. For instance, on April 5, 2018, Carl Zeiss AG delivered Xradia Versa 500-series of 3D X-ray microscopes (XRM), which helps users to get high defined images in one-quarter of the time. This technology shows new tangent towards computed tomography or 3D X-ray imaging for a wider range of applications in geological industry or other industries where structures are large when compared to voxel size. Rising growth of global nanotechnology industry also contributes to the growing demand for life science microscope devices, as these devices allow scientists to analyze surface features at nanometer dimensions, effectively providing new pathways to modern nanotechnology. The continuous focus on nanotechnology research and development by various institutes who are funded by government lead to meteoric growth in adoption of these devices.
Key takeaways of the Life Science Microscopy Devices Market:
- The global life science microscopy devices market is expected to expand at a CAGR of 6.8% over the forecast period (2017–2025), owing to technological advancements and large product base of life science microscopes
- Among product type, optical microscopes segment holds the major market share, as it is the first and simplest form of microscope, which can be used in every area of biology and medicine due to its compact size and relatively low price when compared to other microscopes.
- Among end user, research laboratories and institutes segment holds the largest market share, as these academic research institutes focus on epidemiology and causes behind disease occurrence such as cancer, tuberculosis studies, and tropical diseases for which advanced digital microscopy is necessary, which includes light microscopy, stereo microscopy, and others.
- Some of the major players operating in the global life science microscopy devices market include Olympus Corporation, Thermo fisher Scientific, Inc., Nikon Corporation, Carl Zeiss AG, Keyence Corporation, JEOL Ltd., Bruker, Hitachi High-Technologies Corporation, Leica Microsystems, and F. Hoffman-La Roche Ltd.
