Global Microscopy Device Market - 2022-2029

Market Overview

The Global "Microscopy Device Market" is projected to grow at a high CAGR of 12% during the forecast period (2022-2029).

Microscopes produce enlarged images of small objects, allowing the observer an exceedingly close view of minute structures at a scale convenient for examination and analysis. The microscopy devices are used widely across the life sciences domain as well as material science and information technology. The use of microscopes is significantly increasing in multiple sectors such as science, biology, and nanotechnology.

Market Dynamics

The global microscopy device market growth is driven by the rapid development at all levels of microscopy experiments such as improvements in sample labeling, contrast, illumination, resolution, signal detection, and data processing.

The technological advancements in the field of microscopy will drive the market growth

The technological advancements in the field of microscopy and improvements in the available devices are one of the major driving growth factors for the studied market along with the increasing research and development activities and investments in the area of nanotechnology and life sciences, globally. For instance, as per the April 2019 report of the American Association for Advancement of Science, the total budget of the National Institute of Health of the United States in 2018 was USD 37,224 million which increased by about 5.6% to USD 39,306 million in 2019 which also included the fund for research activities for different diseases and medical conditions.

In the life science segment, the use of microscopy devices in the identification and diagnosis of microorganisms and viruses causing disease in humans, animals, or plants is increasing which will complement the growth of the market. For instance, the research article titled Diagnostic Electron Microscopy of Viruses with Low Voltage Electron Microscope published in June 2020, concluded that the resolution, image quality, and speed were sufficient for diagnostic electron microscopy of viruses of the tested low-voltage microscope in negative staining samples and thus the electron microscopes can be used in the identification of different disease-causing microorganisms which will boost the growth of the studied market in the forecast period.

The high cost associated with the advanced microscopy devices will hamper the growth of the market

However, the high cost associated with the advanced microscopy devices will hamper the growth of the microscopy device market during the forecast period. As per nanoimages.com, the tabletop models range in price from 60,000 to 120,000 USD, while traditional SEMs (tungsten source) range in price from 120,000 to 250,000 USD. These figures may also vary depending on the country of purchase.

COVID-19 Impact Analysis

The microscopy devices are mainly used in the research and development activities in different industrial areas such as pharmaceuticals, electronics, life sciences, and others, and as there was lockdown or lockdown like restrictions around the world due to the COVID-19 pandemic, these activities were negatively impacted, and thus impacting the microscopy devices market around the world shortly. Although, the electron and other microscopes were 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.

For instance, according to the research article published in September 2020 in the Nature journal, the researchers used high-resolution scanning electron microscopy for the ultrastructural analysis of the SARS-CoV-2 virus' interaction with the host cell. Also, due to COVID-19, the manufacturing, sales, and installment of the new microscopy devices were negatively impacted but with the increasing vaccination and decreasing infection cases, the market is expected to recover soon from the impact of COVID-19.

Segment Analysis

The electron microscopes segment is expected to grow at the fastest CAGR during the forecast period (2022-2029)

Electron microscopy is a technique for obtaining high-resolution images at the speed of biological as well as non-biological samples. It is one of the most important techniques available for the analysis of properties such as morphology, crystal and defect structure, elemental composition, and electronics of any kind sample. The electron microscopy devices are preferred over other types of devices due to factors like availability of higher magnification and resolution, diverse areas of application and it produces very high-quality images which is one of the major factors for the growth of the market.

Another factor that will complement the demand for electron microscopy devices is the technological advancements in electron microscopy. For instance, in April 2020, Hitachi High-Technologies Corporation launched two scanning electron microscopes which can accommodate large and heavy specimens and can provide advanced functions for automated measurement and wide-angle camera navigation. Also, in recent times, the demand for different kinds of electron microscopy devices in universities and research institutions has increased significantly around the world to advance the ongoing research and development activities. For example, in February 2020, the Indian Institute of Technology Gandhinagar (IITG) inaugurated a next-generation state-of-art transmission electron microscopy (TEM) on its campus in India. In another development, the Brazilian Center for Research in Energy and Materials (CNPEM) has become the first center in Latin America to install a Thermo scientific kilos G3i Cryo transmission electron microscope (Cryo-TEM), in July 2018, bringing the power of this instrument to Latin American structural biology research. This, in turn, is expected to help transform the medical and pharmaceutical industries. Thus, electron microscopy devices are expected to witness rapid growth during the forecast period.

Geographical Analysis

North America region holds the largest market share of the global microscopy device market

North America dominates the market for microscopy devices and is expected to show a similar trend over the forecast period, owing to the huge investment in research and development activities, and in North America, the United States will hold the largest market for microscopy devices market in the region. As per the Congressional Research Service report of January 2020, the United States spent USD 580 billion on different research and development activities, of which USD 21.1 billion was spent on higher education.

Also, with the increasing geriatric population and chronic diseases in the country, the number of diagnostics tests has also increased which in turn has increased the demand for microscopy devices in the region. For instance, as per the estimates of the American Cancer Society, in 2020, about 1.8 million new cancer cases were diagnosed and 606,520 people died due to cancer in the United States. Additionally, the government's support for the research and development of nanotechnology will further influence the growth of the microscopy device market in the region.

Competitive Landscape

The microscopy device market is a moderately competitive presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Hitachi Ltd, Bruker Corporation, Carl Zeiss, Thermofisher Scientific (FEI Company), JEOL Company, Danaher Corporation (Leica Microsystems GmbH), Nikon Corporation, Olympus Corporation, Park Systems, Tescan Orsay Holding AS, Bausch Health among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Microscopy Device Market globally. For instance, in February 2021, Thermo Fisher Scientific announced the launch of a high resolution, plasma-focused ion beam scanning electron microscope called Helios 5 PXL Wafer DualBeam which supports whole wafer analysis and automated delayering, milling, and metrology.

Carl Zeiss

Overview:

ZEISS is an internationally leading technology enterprise operating in the fields of optics and optoelectronics. In the previous fiscal year. ZEISS develops, produces, and distributes highly innovative solutions for industrial metrology and quality assurance, microscopy solutions for the life sciences and materials research, and medical technology solutions for diagnostics and treatment in ophthalmology and microsurgery.

Product Portfolio:

ZEISS LSM 980 with Airyscan 2: The imaging performance combined with low phototoxicity and high speed. LSM 980, the platform for confocal 4D imaging, is optimized for simultaneous spectral detection of multiple weak labels with the highest light efficiency.

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Target Audience

Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

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Market Segmentation

Global Microscopy Device Market - By Product Type

Electron Microscopes

Compound Microscopes

Stereo Microscopes

Digital microscopes

Scanning probe microscopes

Surgical Microscopes

Global Microscopy Device Market - By Application Type

Life Sciences

Other Applications

Global Microscopy Device Market - By End User

Hospitals

Laboratories

Research Organizations

Educational Institutions

Other Applications

Global Microscopy Device Market - By Region

North America

Europe

Asia-Pacific

Middle East & Africa

South America