Publication Month: Jul 2019 | Report Code: TIPRE00006079 | No. of Pages: 150 | Category: Medical Device | Status: Published
A confocal microscope is an advanced version of the conventional form of microscopes. The confocal microscope is comparatively a new system which helps in the optical sectioning of a 3D specimen without the need of any invasive method. Unlike the conventional microscope, a confocal one includes a pinhole, which eliminates out the extra light, which results in better image resolution. In the biomedical sciences, a prominent field of application of confocal microscopy includes imaging of fixed or living cells and tissues that have been labeled with one or more fluorescent probes. The growth of the global confocal microscopes market is attributed to the government policies and funding for biological research and application of confocal microscopy in bio imaging. However, high price and lack of skilled professional are the major factor hindering the market growth.
The global confocal microscopes market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
The government is funding to boost basic research at academic levels. This will aid in the development of scientists interests in the field of research. Research in the field of biomedical imaging, stem cell research, genome editing and others are receiving government funding. These studies are carried out in collaboration between the two countries. For instance, in 2017 Department of Biotechnology, India to develop a guideline for stem cell and regenerative medicine which includes basic biology of all adult stem cells, early and late translational research, developing gene editing technology for possible therapeutic applications. Indo-Japan collaboration is formed to support the stem cell and regenerative medicine research. Under this Indian researches will be trained at the Center for iPSc research and applications (CiRA) at Kyoto University, Japan.
In Canada's recent budget announcement, the government decided to spend US $4 billion on basic research. As part of the 2019 budget these funding is given to The Stem Cell Network, a non-profit organization in Ottawa active into clinical applications research will receive US $14 million over three years. Also, Genome Canada, a non-profit organization in Ottawa which supports genomic research, will get about US $77 million over five years.
In terms of type, the global confocal microscopes market is segmented into multi-photon microscopy and confocal disk spinning microscopy. In 2018, the multi-photon microscopy segment held largest share of the market and, the same segment is estimated to register the highest CAGR during the forecast period.
In terms of end user, the global confocal microscopes market is segmented into hospital, academic and research institute, diagnostic laboratories. The academic and research institute segment held the largest share of the market in 2018, and the same segment is estimated to grow at the fastest rate during the forecast period.
|Market Size Value in||US$ 929.03 Million in 2018|
|Market Size Value by||US$ 1,248.86 Million by 2027|
|Growth rate||CAGR of 3.5% from 2019-2027|
|No. of Pages||150|
|No. of Tables||51|
|No. of Charts & Figures||57|
|Historical data available||Yes|
|Segments covered||Type , End User and Geography|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The global confocal microscopes market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
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