Global Microscopy Devices Market, by Product Type (Optical Microscopes, Electron Microscopes, Scanning Electron Microscopes and Others), by Application (Nanotechnology, Life Science, Pathology and Others) by End User (Hospital, Research Institutes, Diagnostic Laboratories and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) 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), as highlighted in a new report published by Coherent Market Insights.
The key market players in the market are focusing on the adoption of organic growth strategies, such as product launches, to expand their product portfolio, which is expected to drive market growth over the forecast period. For instance, in October 2021, CrestOptics, a manufacturer of high-end microscopy solutions, launched DeepSIM, a super-resolution microscope. The DeepSim is a multi-spot structured illumination system. It is a reliable, simple to use, and affordable solution to study cellular structures up to an XY resolution of 100nm.
Global Microscopy Devices Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others, faced problems with regard to the transportation of drugs from one place to another.
COVID-19 had a positive impact on the global microscopy devices market, attributed due to the increasing use of microscopes for coronavirus research. For instance, in March 2021, Thermo Fisher Scientific a pharmaceutical and biotechnology company’s Cryo-Electron Tomography is used by researchers for cryo-electron microscopy (cryo-EM) to increase human understanding of the SARS-CoV-2 virus. Using cryo-electron tomography (cryo-ET), a cryo-electron microscopy technique that provides three-dimensional images of molecular structures at nanometer resolution, the researchers revealed how SARS-CoV-2 changes the cellular membranes and organelles of infected cells.
Global Microscopy Devices Market: Key Developments
Increasing product launches by market players are expected to aid in the growth of the global microscopy devices market. For instance, in May 2020, JEOL Ltd. a microscope manufacturing company launched the JSM-IT800, a new Schottky field-emission scanning electron microscope (SEM) with features of in-lens Schottky Plus field emission, electron gun for high-resolution imaging and includes SEM Center, a graphical user interface that supports the integration of an energy dispersive x-ray spectrometer.
Browse 35 Market Data Tables and 34 Figures spread through 210 Pages and in-depth TOC on “Global Microscopy Devices Market”- Forecast to 2030, Global Microscopy Devices Market, by Product Type (Optical Microscopes, Electron Microscopes, Scanning Electron Microscopes and Others), by Application (Nanotechnology, Life Science, Pathology and Others) by End User (Hospital, Research Institutes, Diagnostic Laboratories and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/microscopy-devices-market-3924
Key Takeaways of the Global Microscopy Devices Market:
- The global microscopy devices market is expected to exhibit a CAGR of 7.5% during the forecast period due to the increasing use of cyro microscopes. For instance, in April 2022, Thermo Fisher Scientific Inc. deployed the state-of-the-art cryo-transmission electron microscope at the Centre for Cellular and Molecular Biology (CCMB), Hyderabad, India. These cryo-electron microscopes support advanced research and help scientists accelerate potential cures, drug discoveries, and industrial research.
- Among product type, the electron microscopes segment is estimated to hold a dominant position in the global microscopy devices market over the forecast period. For instance, in August 2022, Delong America Inc. a manufacturer and exporters of electron microscope launched the LVEM 25E compact electron microscope. It is built on the LVEM platform; the LVEM25E is the first LVEM to be equipped with Energy Dispersive Spectroscopy (EDS) for elemental analysis, complementing the TEM, STEM, SEM, and ED capabilities already found in all of its other systems.
- Among region, North America is expected to be the dominant region in the global microscopy devices market, owing to increasing facility expansion by key market players to expand the product portfolio and strengthen their market presence, which is expected to drive segment growth over the forecast period. For instance, in November 2022, JEOL USA, Inc. completed the installation of the two CRYO ARMs at Generate:Biomedicines’ laboratory space in Massachusetts U.S. JEOL will provide dedicated application support and continue to work closely with Generate:Biomedicines scientists to integrate the advanced microscopes into their fast-paced research programs.
- 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.
