Global Microscopy Devices Market to Surpass US$ 13,367.8 Million by 2027, Says Coherent Market Insights (CMI)

According to Coherent Market Insights, the global microscopy devices market is estimated to be valued at US$ 8,102.1 million in 2020 and is expected to exhibit a CAGR of 7.1% during the forecast period (2020-2027).

Key Trends and Analysis of the Global Microscopy Devices Market:

The increasing number of product launches is expected to drive growth of the microscopy devices market during the forecast period. For instance, April 2019, Hitachi High-Technologies Corporation announced the launch of SU3800 and the oversized SU3900 scanning electron microscopes (SEMs) featuring the ability to accommodate large, heavy specimens, along with advanced functionalities for automated measurement and wide-angle camera navigation.

Manufacturers are focused on developing new products owing to increasing adoption and accessibility 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 researchers to perform long-term experiments on tumorigenesis without harming live specimens that are not feasible on any other microscope system.

Various companies are entering the market through inorganic growth strategies such as collaboration and partnerships. For instance, in December 2019, the European Molecular Biology Laboratory (EMBL) and Leica Microsystems signed a unique collaborative agreement framework for development of new imaging technologies. Following the principle of Open Innovation, the collaboration will help bridge the gap between the early stage of new technology development and the point of practical application in the life sciences.

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Furthermore, integration of advanced technologies enable 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 diagnostic laboratories segment in the microscopy devices market. For instance, in February 2018, Bruker Corporation announced that it acquired IRM2, a developer of high-speed infrared (IR) imaging microscopes based on quantum cascade laser (QCL) technology.

Key Market Takeaways:

The global microscopy devices market is expected to exhibit a CAGR of 7.1% during the forecast period (2020-2027) owing to the rising number of product approvals and launches are major factors that propel growth of the North America microscopy devices market. For instance, in September 2018, Leica Microsystems launched PROvido, a multidisciplinary microsurgery microscope. PROvido is equipped with FusionOptics technology, which provides high resolution and enhances surgeon’s compliance by offering detailed surgical view.

Furthermore, key players in the Asia Pacific microscopy devices market are focused on adopting collaboration and partnership strategies to enhance their market share in Asia Pacific, which is expected to drive growth of the market during the forecast period.

Competitive Landscape:

Key players operating in the global microscopy devices market are 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.

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Market Segmentation:

• Global Microscopy Devices Market, By Product Type:
  • Optical Microscopes
  • Electron Microscopes
  • Scanning Electron Microscopes
  • Others

• Global Microscopy Devices Market, By Application:
  • Nanotechnology
  • Life Science
  • Pathology
  • Others

• Global Microscopy Devices Market, By End User:
  • Hospital
  • Research Institutes
  • Diagnostic Laboratories
  • Others

• Global Microscopy Devices Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Europe
    • By Country:
      • U.K.
      • Germany
      • Italy
      • Spain
      • France
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • Australia
      • India
      • China
      • Japan
      • ASEAN
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Middle East
    • By Country:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region:
      • South Africa
      • Central Africa
      • North Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

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