The global microscopy market size was estimated at US$ 11.8 billion in 2022 and is expected to surpass around US$ 24.21 billion by 2032, expanding growth at a CAGR of 7.5% during the forecast period 2023 to 2032.
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The Asia Pacific region hit highest revenue share 37% in 2022 as there are increased investments in R&D for microscopy and it has many applications in correlative microscopy like life sciences, nanotechnology, research, etc. The market is expected to grow as there is an availability of low cost skilled labor and low cost material. Also, the presence of the original equipment manufacturing companies in this region is expected to drive the market during the forecast period.
Microscope is an instrument which magnifies the images of tiny objects or tiny specimens which allows the user to observe these specimens closely for examination and for analysis. The academic institutes and the research institutes use microscope for studying the specimens and for many research activities. Microscopes are used in many industries like food and beverages, electronics and semiconductors, chemical industries, automotive industries, health care industry, aerospace industry, synthetic rubber industry, ceramics, paints and coatings industry, plastics and for Environmental Research. The field of microscopy has a lot of investments in order to conduct research and developments towards generative medicine, nanotechnology and in order to increase the academic industry collaborations.
The key companies operating in the microscopy market had experienced a drop in the market due to the closure of many government and private academic and research centers. As many other institutes were closed and the supply chains were disrupted, the market had dropped during the pandemic. Various restrictions on travel, closing down of businesses and reduction in the operating capacity had affected microscopy market in a negative way.
Some important technological advancement in the microscopy market includes live cell imaging, digitization, super resolution and high throughput methods. All of these methods are mostly aiming at reducing the price of the product and reducing the cost involved in the tests. Different types of microscopes are introduced in the market, like expansion microscopes, multi view microscopes and integrated microscopy workflows. The latest trend of digital microscopy is driving the market. Digital imaging helps in providing a higher resolution image with good amount of precision as the images are less distorted they provide a good view for further use in academics or in research.
The major factor for the growth of this market is the development of a whole slide scanning system is this digital microscopy development and it shall have a great growth during the forecast period .The specimens which are studied with the help of the digital microscopy system which uses entire slide scanning systems provides 3D and 2D images which could be used in the research and development for quality control and for forensics. The developing nations like India, China, Brazil and Russia are providing great opportunities for the various market players in microscopy market. The microscopy industry is expected to grow in the developing nations due to the funding received from the government in order to carry out research and development in advanced microscopes.
| Report Coverage | Details |
| Market Size in 2023 | USD 12.63 Billion |
| Market Size by 2032 | USD 24.21 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 7.5% |
| Asia Pacific Market Share in 2022 | 37% |
| Life Science Segment Market Share in 2022 | 35% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Type, Application, Product, End User, Region |
| Companies Mentioned | Zeiss Group, Bruker Corp., CAMECA, Hitachi High-Tech Corp., JEOL Ltd., Oxford Instruments (Asylum Corporation), Thermo Fisher Scientific, Inc., Nikon Corp., Olympus Corp., NT-MDT SI |
On the basis of the product, the software segment shall have the highest growth in the forecast period due to its extensive use in the market. The recent trend in the market of using novel image acquisition software for microscope is leading the growth in the market. Microscopes have application in wide areas. The increasing research in the life sciences application has resulted in the generation of the highest amount of data which is available due to the good image quality acquired with the help of recent microscopic trends. Advanced softwares are used in order to get this kind of quality data. There is a scope for new softwares which could perform better than the present ones in the various academic and industrial studies and research.
On the basis of the type, the optical microscopes market had the largest market share in the microscopy market till the year 2022. As there was an increase in the use of digital and confocal microscopes in life sciences, industry in material sciences industry and semiconductors, constant research and development activities in order to enhance the digital microscopes has led to a growth into the optical microscopes.
The electron microscopes are expected to see the highest during the forecast. The use of electron microscope in life sciences and material sciences research activities is growing continuously.
On the basis of the application, the life science segment accounted highest revenue share of 35% in 2022. The semiconductor segment had the significant share in 2022. In order to improve the quality monitoring and for process development in the semiconductor industry the microscopes are used extensively. This segment is expected to grow as there is an increased demand for nanoelectronics miniature transistor chips, Opto electronics and quantum dots.
The material science segment is also expected to grow during the forecast as the research in material sciences have increased significantly in the recent years. There should be an increased demand for microscopes due to their use in chemical analysis of materials and the structural analysis of the materials including polymers, alloys, ceramics, biomaterials and metals.
On the basis of the end user, the industrial segment has the largest share of the microscopic market in 2022. The industrial segment is growing fast owing to many research and development activities conducted. Microscopes are widely used in industries for many functions like identification and particle analysis, process control, quality control, failure analysis, and material characterization. These factors are expected to drive the market for the industrial segment.
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