PUBLISHER: Grand View Research | PRODUCT CODE: 1321401
PUBLISHER: Grand View Research | PRODUCT CODE: 1321401
The global education microscope market size is expected to reach USD 573.9 million by 2030, based on a new report by Grand View Research, Inc. The market is projected to register a CAGR of 5.29% from 2023 to 2030. The growth can be attributed to the increasing emphasis on Science, Technology, Engineering, and Mathematics (STEM) education, and enhanced funding for education by various governments and other organizations.
For instance, in February 2021, Arnold and Mabel Beckman Foundation funded USD 9.6 million to eight institutions for data science and advanced light sheet microscope. University of Colorado Boulder, Rockefeller University, Washington University in St. Louis, and the University of Rochester; undergraduate institutions at Smith College and Reed College; and research institutes at Morgridge Institute for Research & Marine Biological Laboratory received funding for research in life sciences and chemistry and instrument training & development.
The rising government initiatives to provide access to advanced technologies at school are driving the growth of the market. Government-backed programs & grants aim to improve the quality of science education and ensure schools have the necessary equipment to deliver effective practical learning experiences. For instance, in February 2023, the Joint Electron Microscopy Center at ALBA (JEMCA) was launched in Spain to provide access to two new electron microscopes to research material science and structural biology. The two microscopes include Cryo-TEM and METCAM microscope. The center offers free access to academic institutions.
The COVID-19 pandemic adversely impacted the education microscope market as most academic institutions, high schools, and colleges were closed during the period. According to the United Nations report of August 2020, the COVID-19 pandemic affected around 1.6 billion learners across 190 and more countries. However, the pandemic has necessitated new communication tools and methods for online education to enhance the learning experience. The institutions have shifted towards the virtual microscope to provide some basic technical knowledge regarding STEM education.