Microscopy Accessories Market 2031: Future Forecast Assessed On The Basis Of How The Market Is Predicted To Grow

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Significant growth of contract research organizations (CROs) has boosted the scope for microscopy devices. This is because all major companies are outsourcing their research and development to focus more on their core business segments and reduce other expenditures. These CROs assist these companies in conducting laboratory experiments involving usage of microscopes. Based on these trends, the global microscopy devices market is poised to be leveraged impressively at a CAGR of 8.5% during the forecast period (2020-2025).

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Global Microscopy Accessories Market: Market Segmentation

Fact.MR has studied the global microscopy devices market with detailed segmentation on the basis of product type, application, end-users and regions.

Product Type

Application

End-users

Region

  • Optical Microscopy:
  • Light Microscopy (Inverted and Upright Microscopy)
  • Confocal/Multiphoton Microscopy
  • X-Ray Microscopy
  • Fluorescence Microscopy
  • Phase Contrast Microscopy
  • Stimulated Emission Depletion Microscopy
Cell and Molecular Biology Hospitals North America
  • Scanning Probe Microscopy:
  • STM (Scanning Tunneling Microscope)
  • AFM (Atomic Force Microscopy)
  • NSOM (Near-field Scanning Optical Microscopy)
Pharmacology and Toxicology Diagnostic Laboratories Europe
  • Electron Microscopy:
  • SEM (Scanning Electron Microscope)
  • TEM (Transmission Electron Microscopy)
  • STEM (Scanning Transmission Electron Microscope)
  • FIB (Focused Ion Beam)
Clinical Pathology and Diagnostics Ambulatory Surgical Centers (ASCs) Asia Pacific
  • Microscopy Accessories:
  • Microscopy Cameras
  • Objective Scanners
  • Others
Surgery Physician Offices Latin America
  Biomedical Engineering Academic & Research Institutes Middle East & Africa (MEA)
  Neuroscience    
  Others    

 

Optical Microscopy Dominates the Market, Followed by Electron Microscopy

The report offers detailed segmentation of the global microscopy devices market based on product type, application, and end-user. In terms of product type, the market has been classified into optical microscopy, scanning probe microscopy, electron microscopy, and microscopy accessories. The optical microscopy segment is poised to account for the leading share of the global market during the forecast period from 2017 to 2025. Factors attributed to the higher share of the segment include increase in demand for different types of optical microscopes and low cost of stereo and phase contrast microscopes. The scanning probe microscopy segment is likely to register comparatively higher growth rate in terms of revenue during the forecast period owing to continuous innovations in the product technologies by major players.

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Cell and Molecular Biology and Biomedical Engineering: Top Two Application Areas of Microscopy Devices

The cell and molecular biology segment is projected to account for significant share of the global microscopy devices market during the forecast period. The neuroscience segment is likely to expand at a high CAGR from 2017 to 2025. Dominance of the segment is attributed to increased research activities in neuroscience, benefits of using microscopes in the field, and wide product portfolio of major as well as local manufacturers. In August 2017, Thermo Fisher Scientific launched an advanced electron microscopy device, Cryo-EM, which enables scientists to examine samples at low temperature. Continuous new product launches and exponentially rise in patient base in developed as well as developing countries are likely to propel the segment between 2017 and 2025. The pharmacology and toxicology segment is projected to expand at a CAGR of 8% during the forecast period. The clinical pathology and diagnostics and surgery segments accounted for combined market share of 25.0% of the global microscopy devices market in terms of revenue in 2016.

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Growth of the Asia Pacific Microscopy Devices Market Likely To Be Hinged At Japan, China

In terms of revenue, Asia Pacific was the leading market for microscopy devices in 2016. High growth in the pharmaceutical industry, increase in R&D expenditure, and high adoption of electron and scanning probe microscopes in countries such as China, Japan, and India contribute to the high share of the region. However, high cost of advanced microscopes, and significant customs duty and excise tax are likely to hamper the market in Asia Pacific. Increased research spending in the life science and pharmaceutical industries in countries such as the U.K. and France fuels the growth of the microscopy devices market in Europe. Economic recovery in markets in Latin America such as Brazil is augmenting health care and research expenditure driven by rise in private health insurance, entry of international drug manufacturers, and health care providers. This is likely to propel the microscopy devices market in Latin America at a CAGR of 7% from 2017 to 2025.

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Highly Consolidated Market, with Top Players Holding Major Share

The report also provides profiles of leading players operating in the global microscopy devices market. Olympus Corporation, Hitachi High-Technologies Corporation, Carl Zeiss Microscopy GmbH, and Nikon Corporation, among others are the major players operating in the market. Expansion of microscopy devices product portfolio through partnerships to improve efficacy, accuracy, and quality of microscope is a growing trend in the global microscopy devices market. For instance, on January 2018, Thermo Fisher Scientific completed the acquisition of Phenom-World, a Netherlands-based electron microscopy manufacturing company. In February 2018, SemiConductor Devices (SCD), a manufacturer of cooled and uncooled infrared detectors, announced the acquisition of Quantum Imaging. Other prominent players in the global microscopy devices market include Shimadzu Corporation, Leica Microsystems, Bruker Corporation, FEI Company, JOEL Ltd., and Cameca SAS.

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