The global microscope market was valued at USD 6,912.2 million in 2017 and is estimated to grow at a CAGR of 7.1% during the forecast period. A microscope is an optical instrument comprising of a single lens or combination of lenses that is utilized for enlarging images of minute objects. It is widely used to analyze, inspect, measure and document different types of material samples, and to study diseases at the molecular level and a variety of tissues and cells. It is also used in the fields of pharmacology, nanotechnology, forensic sciences and by semiconductor and electronics manufacturers.
The ongoing venture of miniaturization has led to several technological advancements in the field of nanotechnology and semiconductors, which in turn has majorly fueled the growth of the microscope industry. Similarly, advancements in the field of bioengineering, cell biology, biophysics and pharmacology among others are further augmented the growth of the microscope industry. The increasing research and development activities in small laboratories and academic institutions, increasing government funding received by academic researchers, and rising collaborations between companies and academic institutions for sharing of advanced laboratory equipment has also supplemented market growth. The other factors driving the market growth include production of robust, more accurate and relatively cheaper instruments, lightweight and portability of certain microscopes and widespread adoption of microscope use by manufacturers across various domains. However, lack of skilled labor to operate complex microscopes, high costs electron microscopes, scanning probe microscopes, high maintenance and huge capital investments impede the market growth. Emerging market in developing countries and newer innovative fields of application provide numerous opportunities for growth.
The global market is segmented on the basis of product, application. based on the type product, the market is categorized into optical microscopes which is further categorized into inverted microscopes, stereomicroscopes, phase contrast microscopes, fluorescence microscopes, confocal scanning microscopes, near field scanning microscopes, other optical microscopes; electron microscope which is further categorized into transmission electron microscope which is further categorized into scanning electron microscope; scanning probe microscope; and others. Based on application, the market is divided into material science, nanotechnology, life sciences, semiconductors, other applications.
The report analyzes the global market across North America, Germany, Asia-Pacific, Latin America, and Middle East & Africa (MEA). North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Russia, Rest of Europe. Asia-Pacific is bifurcated into Japan, China, Rest of Asia-Pacific, and Latin America is categorized into Brazil, Mexico and Rest of Latin America. Middle East & Africa comprise of South Africa, Saudi Arabia, Rest of Middle East & Africa.The Asia-pacific region has accounted for the largest share in the global microscope market in 2017.
The key players of the microscope market include Nikon, Carl Zeiss AG, Leica Microsystems, Hitachi High Technologies, Bruker Corporation, NT-MDT Company, FEI Company, Jeol Ltd., Olympus Corporation, Asylum Research, Omax Corporation, Amscope, Celestron, Motic and Magnus Analytics. The major players have adopted such as strategies such as new product release, novel technology development and collaboration among others to expand their foothold and increase their customer base