Microscopy Devices Market: Increase in Demand for Advanced Microscopy Devices in R&D to Drive the Market

Microscopes have enabled researchers to conduct in-depth academic and exploratory research. Rise in interest in life science areas such as nanoscience and pharmacology & toxicology has created a need for advanced microscopes that employ mediums much more penetrative than light such as electron and X-ray. Based on device type, the global microscopy devices market has been segmented into optical microscopes, electron microscopes, and scanning probe microscopes. The global microscopy devices market was valued at US$ 6,218.0 Mn in 2016 and is anticipated to expand at a CAGR of 8.0% from 2017 to 2025 to reach US$ 12,351.4 Mn by 2025. The scanning probe microscopy segment is likely to fuel the growth of the global microscopy devices market from 2017 to 2025.

Rapid expansion of the global microscopy devices market is attributed to increase in innovations and technological advancements in microscopes, focus on R&D activities by pharmaceutical and biotechnology companies, and growth of the life science industry. The biomedical research and engineering sector is rapidly growing, driving innovation in products and technologies used in the field. For instance, localization microscopy is a new technique designed by a scientist at the Delft University of Technology (the Netherlands). A fluorescence microscope usually produces images within the resolution range of 200 nanometers to 300 nanometers. However, scientists can use the new localization microscopy technique to produce better and more informative images of cellular functions, including internal images of cells.

North America captured the largest share of the global microscopy devices market in 2016. Increase in government funding for R&D in life science is expected to drive the market in the U.S. Asia Pacific is projected to gain market share during the forecast period and is likely to be key revenue generator. Implementation of industrial policies favoring companies in the health and life science areas along with approval of non-reimbursable funds and establishment of various government programs to support the internationalization of the life sciences sector driving the market growth in Brazil, South Africa Saudi Arabia, etc. is likely to boost market growth in Latin America and Middle East & Africa.

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Key companies operating in the global microscopy devices market and profiled in the report include Olympus Corporation, Hitachi High-Technologies Corporation, Carl Zeiss Microscopy GmbH, and Nikon Corporation. These players are adopting advanced techniques in development of microscopy devices to expand their product offerings, strengthen their geographical reach, increase customer base, and garner market share. In April 2016, Olympus Corporation introduced a new confocal laser scanning microscope, the FLUOVIEW FV300, which combines usability with high-performance imaging capabilities to enable researchers in fields such as cell biology, cancer research, and stem cell research. In November 2016, Nikon Corporation launched new inverted microscope, the ECLIPSE Ti2, which provides improved stability and usability in research applications in the life sciences segment.

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Ganesh Rajput

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

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