Number of pages: 100 | Report Format: PDF | Published date: 28 January, 2022
Historical Years – 2018 & 2019 | Base Year – 2020 | Forecasted Years – 2021-2031
The global microscopy market was pegged at ~US$ 6.6 billion in 2020 and is expected to witness a CAGR of ~5.2% during the forecast period.
Microscopes are devices that are used to make smaller objects look bigger. The microscopes can be used to observe various materials, particles, nanoparticles, cells, or organelles. When the light reflects from the objects that are viewed under the microscope and passes through the lens, even minute details of the object can be observed. There are three types of microscopes, namely, optical microscope, electron microscope, and scanning microscope.
In the older times, microscopes only had one lens. However, modern-day microscopes have multiple lenses that help in the greater magnification of the image. Different types of microscopes are used for different purposes and might have single or multiple lenses with varied resolution or magnifying power. For instance, an optical microscope is a simple microscope, consisting of a single lens, or compound, consisting of several optical components in line. A simple microscope can resolve below 1 Î¼m and a compound microscope can resolve down to about 0.2 Î¼m.
The global microscopy market is mainly driven by technological advancements and new product launches. Moreover, increasing funding for the R&D of microscopy and increasing research studies on nanotechnology are also playing a key role in driving the microscopy market growth. However, the high cost of advanced microscopes and the dearth of skilled professionals to handle these microscopes are likely to restrain the market growth to a certain extent.
The global microscopy market has been analyzed from four perspectives: Product, Application, End-User, and Region.
Microscopy Market by Product
Based on the product, the microscopy market has been segmented into microscopes, software, and accessories. Microscope's segment is further segmented into optical microscopes (confocal microscopes, compound microscopes, digital microscopes, stereo microscopes, and other optical microscopes); scanning probe microscopes (atomic force microscopes, near-field scanning optical microscopes, and scanning tunneling microscopes); electron microscopes (scanning electron microscopes and transmission electron microscopes); and other microscopes. Electron microscopes held the largest share of the microscopy segment in 2020. Factors attributing to the growth of this segment include the increasing use of these microscopes due to their advantages such as higher magnification, high usage in nanotechnology research, and technological advancements.
Microscopy Market by Application
The market has been segmented into life sciences, semiconductors, materials science, and other applications based on application. Semiconductor's segment held the largest market share of the microscopy market in 2020. Factors such as the miniaturization of devices and rapid advancements in technologies that help control devices at atomic levels are driving segmental growth.
Microscopy Market by End User
The market has been segmented into industries, academic & research institutes, and clinical & diagnostic laboratories based on end-user. The industries segment held the largest market share in 2020. The industries segment includes various industries such as pharmaceutical & biotechnology companies, semiconductors, mining, textile, and others. The large share of this segment can be attributed to factors such as high demand for microscopes in various industrial verticals.
Microscopy Market by Region
Based on the region, the global microscopy market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest market share of the global microscopy market in 2020. Factors attributing to the growth of the microscopy market in this region include the presence of prominent players, greater usage of microscopes for various R&D activities, and their high demand for various diagnostic applications in the healthcare industry. Further, the launch of technologically advanced microscopes by the key players in this region is driving the growth of the microscopy market.
Some of the prominent players operating in the global microscopy market include:-