Microscopy Device - Market Insights, Competitive Landscape, and Market Forecast - 2030

Microscopy Device Market By Product Type (Optical Microscopes, Electron Microscopes, Scanning Probe Microscopes, Stero Microscopes, Pocket Microscope, And Others), By End User (Hospitals & Clinics, Diagnostic Laboratories, Academic & Research Institutes, And Others), by geography is expected to grow at a healthy CAGR forecast till 2030 owing to the rising demand of structural analysis of any biological or non-biological object and technological advancements in microscopy like live-cell imaging, and super-resolution and high-throughput methods

Global microscopy device market is estimated to grow at a CAGR of 6.37% during the forecast period from 2024 to 2030. The increase in demand for microscopy device is primarily attributed to the rising research and development activities in healthcare industry. Further, expanding demand of structural analysis of any biological or non-biological object or a material during research & developmental activities or diagnosis of any disease will increase the demand of microscopy devices. Additionally, various technological advancements like live-cell imaging, and super-resolution in microscopy device across the world are anticipated to bolster the market, thereby contributing to the growth of the microscopy device market during the forecast period from 2024-2030.

Microscopy Device Market Dynamics:

The microscopy device market is witnessing a growth in product demand owing to various reasons. The rise in diagnosis owing to an increase in the number of infectious cases, structural analysis of any biological or non-biological object or a material during research & developmental activities, and some technological advancements in microscopes like live-cell imaging, and super-resolution, across the world are anticipated to bolster the market.

The microscopy devices are continuously been used for the structural analysis of any sample. The microscopes enables physicians or scientist to look at the cellular level in cells, tissues or in the blood, etc. and can make a rapid diagnosis of the disease. Moroever, the diagnosis of many infectious diseases like malaria, tuberculosis, syphilis, fungi, coronavirus etc. can be done by using microscopes.

For instance, malaria is caused by Plasmodium parasites, which spreads through the bite of an infected female Anopheles mosquitoes. According to World Health Organization (WHO) 2022, in the year 2020, there were approximately 241 million cases of malaria worldwide when compared to 227 million cases in 2019. In 2020, nearly half of the world's population was at the risk of malaria. The diagnosis of malaria is done by smear microscopy, in which the presence of blood smear is checked under the microscope to check the presence of Plasmodium parasites. As the prevalence of malaria is high, the demand for diagnosis of malaria will also be high, thereby increasing the overall demand of microscopy devices in the market. Also, thediagnosis of many other disease like syphilis or tuberculosis can be diagnosed in a laboratory using microscopes, augmenting the overall market growth of the device in the forecast period.

Additionally, technological advancements in microscopy devices will act as a driving factor for the market. Advancements like live-cell imaging, super-resolution, and digitalization will drive the market of microscopy devices during the forecast period. For instance, in 2022, Vision Engineering announced the launch of VE Cam, a new, compact digital microscope for a wide range of applications. In digital microscopes, the image of the sample is displayed on a monitor so that the users are able to view them immediately and analyze the sample image using software while sitting in a comfortable and relaxed upright position. Digital microscopes also offer high-resolution pictures of the sample, giving better analysis. Hence, various technological advancements in the area of microscopy device will increase the market demand of the instrument leading to an overall rise in the microscopy devices market growth during the forecast period of 2024-2030.

Microscopes are also popularly used in the field of cellular biology for stem cells and cancer cells research. Growth and advancement in the field of biomedical engineering will boost the demand for microscopy devices. Due to various benefits and unique properties of these microscopic devices many diagnostic laboratories, ambulatory surgery centers, and physicians make use of them for research and analysis. Moreover, fluorescence microscopes, electron microscopes, microscopy accessories, and optical microscopes are extremely beneficial for the biomedical and biological research applications. This growth can be estimated to continue in the foreseeable future owing to the increase in usage of technologically advanced microscopes in various settings and research institutes, which, in turn, drives the global microscopy devices market growth during the forecast period.

However, high cost of many advanced microscopes like atomic force microscopes, confocal microscopes, inverse microscopes and others and dearth of skilled professionals in remote regions may hamper the microscopy device market growth.

The ongoing COVID-19 pandemic has significantly increased the market for microscopy device as the microscopes were used to detect the presence of the novel coronavirus in the swab and blood samples collected from suspected or infected patients. Microscopes were also very crucial in the structural analysis of the SARS-COV-2 virus which was very important in the development of diagnostics tests and vaccines against COVID-19. However, during the onset of pandemic the industries were shut down due to strict lockdown rules which decreased the research and developmental activities. But, gradually as the demand for the detection of virus and development of vaccine increased, the demand of microscopes for the analysis purpose increased. Owing to this fact, the leading market players accelerated their production of microscopes thereby increasing the market demand of the microscopy device, in turn, propelling the market growth of microscopy devices during the forecast period of 2024-2030.

Microscopy Device Market Segment Analysis:

Microscopy Device Market by Product Type (Optical Microscopes, Electron Microscopes, Scanning Probe Microscopes, Stereo Microscopes, Pocket Microscope, and Others), By End-User (Hospitals & Clinics, Diagnostic Laboratories, Academic & Research Institutes, and Others), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the product type segment of the microscopy device market, the electron microscopes are estimated to hold a significant share in the microscopy device market in the year 2023. This can be ascribed to the various advantages that are associated with the electron microscopes.

An electron microscope, is a microscope of extremely high power that uses beams of electrons focused by magnetic lenses instead of rays of light. An electron microscope is considered to be a much-advanced form of the microscope when compared to others as highly complicated objects or structures can be examined using a electron microscope. This is because of several reasons such as, the electron microscopes use electrons to magnify a projected image. The nature of electrons is that they have much shorter wavelengths than that of photons; in case of optical microscopes. These shorter wavelengths of electron microscopes are responsible to provide unprecedented magnifications of up to one million times in contrast to the optical microscope magnifications that are limited to one thousand times only.

Additionaly, electron microscopes project a more detailed field and less fuzzy image of the sample. It can also produce colored images of the examined object. The use of electrostatic lens in the electron microscopes is responsible for giving high-resolution and detailed pictures of the sample.

Moreover, the product launches, in turn, drive the product demand in the market. For instance, in November 2022, JEOL Ltd. announced the development and release of a new scanning electron microscope (SEM), the JSM-IT510 series. This series allows the user to simply select the acquisition conditions and field of view for the SEM image, and then the SEM image is automatically acquired.

Thus, owing to the various advantages like high-resolution, larger magnification offered by the electron microscopes and an increase in the launch and approvals of electron microscopes, there will be an increase in the demand for electron microscopes, which in turn will drive the microscopy device market growth.

North America is expected to dominate the overall Microscopy Device Market:

Among all the regions, North America is estimated to achieve a significant share in the global microscopy device market. Increasing research & developmental activities such as development of various vaccines and identification of enzymes & receptors, bacteria & viral structures and the rising demand of diagnosis for diseases like tuberculosis, COVID-19 and many other disease will increase the demand for microscopy device in North America, leading to a rise in the overall microscopy device market growth.

After COVID-19 pandemic, the world has shown how communicable diseases can expand in a matter of days from a small cluster to a health threat of international concern. As per the World Health Statistics data published by WHO in the year 2023, it was estimated that in the US approximately 16.7 million deaths were reported 2019 due to communicable or infectious disease. The above statistics state that the mortality and morbidity is higher for infectious disease in the Unites States. For instance, tuberculosis (TB) is one of the major infectious disease in the US. It is caused by bacteria (Mycobacterium tuberculosis) that most often affect the lungs. According to WHO 2022, in the year 2020, an estimated number of 10 million people in US were suffering with TB, comprising 5.6 million men, 3.3 million women and 1.1 million children. As per the same source, in the year 2020, 1.1 million children were suffering with TB in US. The diagnosis of TB is done by various tests like viral culture growth test, blood test, X-ray, etc. In tests like viral culture growth test or blood test, microscopes are used to study the presence of bacteria in the sample. As the prevalence of tuberculosis, COVID-19 and many other infectious diseases are increasing in North America, the use of microscope for analysis of sample will also increase thereby increasing the demand of microscopy device in the market. Thus, bolstering the overall growth of the product in the forecast period 2024-2030.

Another factor responsible for increasing the product demand is the use of microscopy device in order to study and detect the presence of the coronavirus in the swab and blood samples collected from suspected or infected patients from COVID-19. Moreover, microscopes were also used to do structural analysiss of the SARS-COV-2 virus which was very important in the development of diagnostics tests and vaccines against COVID-19. Therefore, the rising demand of microscopy devices in the research & development of coronavirus vaccines and its diagnosis is responsible for a sudden boom in the microscopy device market leading to the overall product growth in the North America in 2024-2030.

Moreover, the increasing presence of highly developed research institutes and laboratories in North America is one of the major factor driving the microscopy devices market in the region. The rise in demand and application of cellular biology for stem cells and cancer cells research, and the growth and advancement in the field of biomedical engineering, expansion of contact research organizations in North America will also boost the demand for microscopy devices. Additionally, the growing adoption of technologically advanced microscopy devices such as electron microscopy, scanning probe microscopy, etc., and advancements in life sciences and pharmaceutical industries will further boost the demand of the device in the North America, leading to a rise in the overall microscopy device market growth.

Thus, all the above-mentioned factors are anticipated to propel the market for microscopy device in the North America.

Microscopy Device Market Key Players:

Some of the key market players operating in the microscopy device market include Hitachi High-Tech Europe GmbH, Bruker, ZEISS Germany, Thermo Fisher Scientific., JEOL Ltd., and Danaher. ( Leica Microsystems), Nikon Corporation, Olympus Corporation ( EVIDENT), Park Systems., TESCAN ORSAY HOLDING, a.s., Oxford Instruments, NT-MDT, Shimadzu Corporation., Alltion (Wuzhou) Co., Ltd., ACCU-SCOPE Inc., Semilab Germany GmbH, Nanosurf AG., Meiji Techno., Radical Scientific Equipment Pvt Ltd, Konan Medical USA, Inc., among others.

Recent Developmental Activities in the Microscopy Device Market:

In December 2022, Hitachi High-Tech Corporation, engaged in manufacturing and sales of clinical analyzers, biotechnology products, and analytical instruments announced the launch of two cutting-edge field emission scanning electron microscopy (FE-SEM) models, the SU8600 and SU8700 that feature new detectors, capabilities, advanced automation, and more.

In November 2022, Vision Engineering, one of the world leaders in ergonomic microscopy, digital 3D visualization and metrology solutions, announced the launch of VE Cam, a new, simple to use compact digital microscope. VE Cam was launched in two variants with differing fields of view (FOV). VE Cam 50 (50mm FOV) & VE Cam 80 (80mm FOV) offer the power, speed, and efficiency of digital imaging in a compact package. VE Cam is a compact full HD digital microscope system for quick and accurate inspection.

In June 2022, CELLINK, is one of the leading company providing technologies, products, to create, understand, and master biology, announced acquisition of Discover Echo Inc., a San Diego-based microscopy and imaging company. The purchase price of the Discover Echo acquisition is worth $110 million.

In October 2020, Bruker Corporation, one of the manufacturer of high-performance scientific instruments, high-value analytical and diagnostic solutions announced the release of the Vutara VXL Super-Resolution Fluorescence Microscope for nanoscale biological imaging. Vutara VXL microscope is a biological microscopy workstation for research on DNA, RNA and proteins, from macromolecular complexes and super-structures, to chromatin structure and chromosomal substructures, to studying functional relationships in genomes and in various subcellular organelles.

Key Takeaways from the Microscopy Device Market Report Study

• Market size analysis for current microscopy device market size (2023), and market forecast for 5 years (2024-2030)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the microscopy device market.
• Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
• Key companies dominating the global microscopy device market.
• Various opportunities available for the other competitor in the microscopy device market space.
• What are the top performing segments in 2023? How these segments will perform in 2030.
• Which is the top-performing regions and countries in the current microscopy device market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for microscopy device market growth in the coming future?

Target Audience who can be benefited from this Microscopy Device Market Report Study

• Microscopy device products providers
• Research organizations and consulting companies
• Microscopy device-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in microscopy device
• Various End-users who want to know more about the microscopy device market and latest technological developments in the microscopy device market.

Frequently Asked Questions for Microscopy Device Market:

1. What are Microscopy Device?

A microscopy device, is an instrument that is used to visualize and study the structure and function of a cell, tissues, or of any sample. The image of an object is magnified through at least one lens in the microscope giving an accurate analysis of the sample.

2. What is the market for Global Microscopy Device?

Global microscopy device market is estimated to grow at a CAGR of 6.37% during the forecast period from 2024 to 2030.

3. What are the drivers for the Global Microscopy Device Market?

The microscopy device market is witnessing a positive market growth owing to increasing research and development activities, rising demand of structural analysis of any biological or non-biological object or a material, technological advancements in microscopy like live-cell imaging, and super-resolution, and expansion of contact research organisation (CRO's) across the world are anticipated to bolster the market.

4. Who are the key players operating in the Global Microscopy Device Market?

Some of the key market players operating in the microscopy device market include Hitachi High-Tech Europe GmbH, Bruker, ZEISS Germany, Thermo Fisher Scientific., JEOL Ltd., and Danaher. ( Leica Microsystems), Nikon Corporation, Olympus Corporation ( EVIDENT), Park Systems., TESCAN ORSAY HOLDING, a.s., Oxford Instruments, NT-MDT, Shimadzu Corporation., Alltion (Wuzhou) Co., Ltd., ACCU-SCOPE Inc., Semilab Germany GmbH, Nanosurf AG., Meiji Techno., Radical Scientific Equipment Pvt Ltd, Konan Medical USA, Inc., others.

5. Which region has the highest share in Microscopy Device Market?

North America is expected to hold the highest share in the revenue in the microscopy device market during the forecast period. Increasing research and development activities and rising demand of structural analysis of any biological or non-biological object or a material will increase the demand for microscopy device in North America, leading to a rise in the overall microscopy device market growth in this region.