Recent advances in microscopy techniques have opened new avenues for microscopes to be used in optogenetics, nanophotonics, photochemical catalysis, and the fabrication of superhydrophobics. Optogenetics is a neuromodulation technique that uses light as a stimulus to control and monitor the activities of individual neurons in living tissue.
A recent application of optogenetics in combination with microscopy is in research on layers of cultivated excitable cells to understand the general biology of action, potential generation, axonal signal transmission, and synaptic activities. These emerging application areas of microscopy are expected to offer significant growth opportunities to market players in the coming years.
Owing to technological advancements, there has been a shift in the usage patterns of microscopes. Conventional microscopes are gradually losing popularity to high-end microscopes such as electron microscopes, scanning probe microscopes, and digital microscopes due to their advanced features, higher resolution, and magnification power.
However, these microscopes cost between USD 25,000 and USD 2 million, which is a major factor limiting their adoption in hospitals, pathology laboratories, and small-scale industries.
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Browse in-depth TOC on “Microscopy Market”
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By product, the microscope segment accounted for the largest share in the global microscopy market during the forecast period.
Broad and sustained demand of microscopes among key end users such as semiconductor and electronics, healthcare & lifescience, automotive industries, and materials science is a prominent factor for market growth. Additionally, availability of technologically advanced microscopes, development of technically advanced products with capabilities, such as faster performance and easy sample preparation techniques is also expected to push market growth during the forecast period.
By type, the electron microscopes segment is expected to witness the highest of the microscopy market during the forecast period.
Based on type, the global market is segmented into optical microscopes, electron microscopes, scanning probe microscopes, X-ray, and other microscopes. The electron microscopes segment is estimated to grow at the highest CAGR during the forecast period. Electron microscopy has various uses in life sciences, including the prevention of infection, discovery of viruses, drug development, clarification of the structure of organelles, and food safety.
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North America dominated the global microscopy market in 2021
The microscopy market is divided into five major regions— Europe, North America, Asia Pacific, Latin America and the Middle East & Africa. North America accounted for the largest share of the global market, closely followed by Europe. The market in North America is increasing due to factors such as huge R&D budgets, availability of advanced microscopy systems offered by market players, a high and growing focus on nanotechnology, and the presence of a large number of prominent research organizations and universities in the region. During the projected period, Asia Pacific is expected to grow at the fastest rate owing to the presence of leading manufacturers in countries, such as Japan, coupled with a thriving number of local manufacturers in countries, such as China and India, are the factors spurring the growth of the region.
The major companies in the microscopy market include Carl Zeiss (Germany), Danaher Corporation (US), Thermo Fisher Scientific (US), Nikon (Japan), Bruker Corporation (US), Olympus (Japan), Oxford Instruments (UK), JEOL (Japan), and Hitachi High-Technologies (Japan), among others.