Confocal Microscopes Market Size, Share, Growth by 2027

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Confocal Microscopes Market to 2027 - Global Analysis and Forecasts By Type (Multi-Photon Microscopy and Confocal Disk Spinning Microscopy), End User (Hospitals, Diagnostic Laboratories and Academics & Research Institute) and Geography

Publication Month: Jul 2019 | Report Code: TIPRE00006079 | No. of Pages: 150 | Category: Medical Device | Status: Published

The confocal microscopes market was valued at US$ 929.03 million in 2018 and it is projected to reach US$ 1,248.86 million in 2027; it is expected to grow at a CAGR of 3.5% from 2019 to 2027.

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.

Lucrative Regions for Global Confocal Microscopes Market

Lucrative Regions for Global Confocal Microscopes Market

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Market Insights

Government Policies And Funding For Biological Research to Drive Global Confocal Microscopes Market Growth

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.

Type -Based Insights

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.

Global Confocal Microscopes Market, by Type – 2018 and 2027

Global Confocal Microscopes Market, by Type – 2018 and 2027

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End User-Based Insights

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.

Strategic Insights

Report Coverage - Confocal Microscopes Market
Report CoverageDetails
Market Size Value inUS$ 929.03 Million in 2018
Market Size Value byUS$ 1,248.86 Million by 2027
Growth rateCAGR of 3.5% from 2019-2027
Forecast Period2019-2027
Base Year2019
No. of Pages150
No. of Tables51
No. of Charts & Figures57
Historical data availableYes
Segments coveredType , End User and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue 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.

Global Confocal Microscopes Market – by Type

  • Multi-Photon Microscopy
  • Confocal Disk Spinning

Global Confocal Microscopes Market – by End- User

  • Hospitals
  • Diagnostic Laboratories
  • Academics & Research Institute

Global Confocal Microscopes Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America and Central America (SCAM)
    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • Carl Zeiss AG
  • Nikon Corporation
  • Bruker
  • Olympus Corporation
  • Leica Microsystems
  • Yokogawa Electric Corporation
  • Oxford Instruments
  • Thorlabs, Inc.

The List of Companies

  1. Carl Zeiss AG
  2. Nikon Corporation
  3. Bruker 
  4. Olympus Corporation
  5. Leica Microsystems
  7. Yokogawa Electric Corporation
  9. Oxford Instruments
  10. Thorlabs, Inc.
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