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Microscopy Devices Market is Anticipated to Grow US$ 15 Bn By 2030

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The global Microscopy Devices market size is expected to reach USD 15 billion by 2030, registering a CAGR of 10% over the forecast period 2021 – 2030

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Microscopy devices are majorly used in academic, clinical and commercial settings. Optical microscopes, electron microscopes, and scanning probe microscopes are some of the types of microscopy devices routinely used in the healthcare sector. These devices play an essential part in conducting academic and exploratory research for development of pharmaceutical drugs, and therapies for chronic diseases. Major factors assisting the growth of the market during the forecast period are increasing product approvals, investment in research, and strategic expansions by players operating in microscopy devices market to strengthen their geographical footprint.

The report suggests that rise in demand for advanced microscopy devices due to increase in chronic and acute disease diagnosis, surge in pharmaceutical and biotechnological researches, and drug discovery operations are expected to fuel the growth of the global microscopy devices market from 2021 to 2030.

The global microscopy devices market is growing at a rapid pace owing to emerging new and advanced technologies and rise in demand for pharmaceutical and cell biology research. Increase in development of new integrated microscopes and surge in demand for microscopes in the fast-growing life sciences industry are the other factors driving the global market. However, high cost of microscopes and low budget for R&D in the life science industry are the major restraints of the global microscopy devices market.

Optical Microscopy Dominates the Market, Followed by Electron Microscopy

The research report on microscopy devices offers detailed segmentation of the global microscopy devices market based on product type, application, and end-user. In terms of product type, market analysis on microscopy devices classifies the market 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 2021 to 2030. 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.

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 2021 to 2030. 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 2021 to 2030. The pharmacology and toxicology segment is projected to expand at a CAGR of 10% during the forecast period.

North America is expected to be the most lucrative region in the microscopy devices market during the forecast period. The increasing number of product approvals and launches are major factors propelling growth of the North America microscopy devices market. For instance, in May 2018, Caliber Imaging & Diagnostics, a Massachusetts-based developer of microscopy devices, received the U.S. Food and Drug Administration (FDA) clearance for modifications to its Vivascope reflectance confocal microscopy (RCM) device. The RCM tool allows dermatologists to non-invasively visualize cellular structures within the skin. A nondestructive in vivo imaging modality, the system painlessly provides high-resolution RCM images of the epidermis down to the supporting stroma in thin, optical slices.

Moreover, the Asia Pacific microscopy devices market is expected to witness significant growth during the forecast period owing to integration of artificial intelligence in microscopy devices. For instance, in April 2020, China-based Tencent AI Lab developed a smart microscope that utilizes artificial intelligence (AI) to better assist physicians in diagnosing cancer and other diseases. The smart microscope is the first device of its kind to obtain a license from the Chinese National Medical Products Administration, allowing its use for clinical applications.

Key Players

The market survey on microscopy devices also provides profiles of top key players 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

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Market Segmentation

By Product Type

  • Optical Microscopy
    • Light Microscopy (Inverted and Upright Microscopy )
    • Confocal/Multiphoton Microscopy
    • X-ray Microscopy
    • Fluorescence Microscopy
    • Phase Contrast Microscopy
    • Stimulated Emission Depletion Microscopy
  • Scanning Probe Microscopy
    • STM (Scanning tunneling microscope)
    • AFM (Atomic force microscopy)
    • NSOM (Near-field scanning optical microscopy)
  • Electron Microscopy
    • SEM (Scanning electron microscope)
    • TEM (Transmission electron microscopy)
    • STEM (Scanning transmission electron microscope)
    • FIB (Focused ion beam)
  • Microscopy Accessories
    • Microscopy Camera
    • Objective Scanners
    • Others

By End User

  • Hospitals
  • Diagnostic Laboratory
  • Ambulatory Surgery Centers
  • Physician Offices
  • Academic & Research Institutes

By End-user

  • Cell and Molecular Biology
  • Pharmacology and Toxicology
  • Clinical Pathology and Diagnostics
  • Surgery
  • Biomedical Engineering
  • Neuroscience
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Spain
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Rest of Middle East & Africa

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