The microscope market is expected to grow US$ 20,500.98 million by 2028. It is estimated to grow at a CAGR of 7.3% from 2022 to 2028.
The development of novel microscopes acts as a standalone factor driving the overall microscope market. Further, the high price of advanced microscopes acts as a restraining factor for the overall market.
High resolution, live-cell imaging, and digitalization are a few technological advancements in the microscope field. A few new enhanced microscopes include expansion microscopes, scanning helium microscopes, multi-view microscopes, and integrated microscopy workflows. In September 2020, researchers from the University of Hong Kong in collaboration with Biefield University developed a compact laser microscope. The microscope is stable and generates less noise than customary designs. Also, it does not require fluorescent markers to obtain images of cell molecules, eliminating the potential of label-induced toxicity.
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Microscope Market: Strategic Insights
Market Size Value in US$ 12,568.28 Million in 2021 Market Size Value by US$ 20,500.98 Million by 2028 Growth rate CAGR of 7.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Microscope Market: Strategic Insights
Market Size Value in | US$ 12,568.28 Million in 2021 |
Market Size Value by | US$ 20,500.98 Million by 2028 |
Growth rate | CAGR of 7.3% from 2022 to 2028 |
Forecast Period | 2022-2028 |
Base Year | 2021 |
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Speak to AnalystSignificant advances have been made in the field of neuroscience. For instance, in December 2020, a group of researchers at the Center for Molecular Spectroscopy and Dynamics within the Institute of Basic Science (IBS) in Seoul made a breakthrough in deep-tissue optical imaging. They developed an enhanced optical microscope that can form an image through an intact mouse skull and acquire a microscopic map of neural networks in the brain tissues without losing spatial resolution. Researchers named it a reflection matrix microscope, which combines the powers of hardware and computational adaptive optics.
Lucrative Regions for Microscope Market
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In May 2022, the Department of Energy's Oak Ridge National Laboratory announced that its researchers are teaching microscopes to drive discoveries with an intuitive algorithm developed at the lab's Center for Nanophase Materials Sciences, which can guide breakthroughs in new materials for energy technologies, sensing, and computing. The study results demonstrated faster results than conventional workflows and represented a new direction in smart automation.
According to Nature Machine Intelligence, the intuitive algorithm approach combines physics and machine learning to automate microscopy experiments designed to study materials’ functional properties at the nanoscale. In addition, the digital microscope, including an LED screen instead of an eyepiece, is gaining traction in the market.
- In November 2021, Vision Engineering announced the launch of VE Cam, a simple-to-use compact digital microscope, in Productronica 2021 in Munich. The product VE Cam is available in two variants—VE Cam 50 (50mm FOV) and VE Cam 80 (80mm FOV) with different fields of view (FOV). The microscope offers the power, speed, and efficiency of digital imaging in a compact package.
- In February 2021, ZEISS launched ZEISS Visioner 1, an innovative digital microscope enabling all-in-one focus in real-time.
These factors accelerate the demand for microscopes, ultimately fueling the growth of the overall market during the forecast period.
The high price of advanced microscopes acts as a significant restraint for the market. Due to technological advancements, conventional microscopes are being replaced by high-end microscopes, such as electron microscopes, scanning probe microscopes, and digital microscopes. Advanced microscopes are highly-priced due to their enhanced feature, higher resolution, and magnification power. For instance, the cost of an electron microscope is high due to in-built electrons, which enhance the level of the screen with the help of beams and make the image realistic, restraining its widespread adoption. Depending on the type, configuration, components, resolution, and other essential factors, the microscope can cost up to US$ 75,000–US$ 10,000,000. Thus, small and medium healthcare research institutions and small-scale academic institutions in developing countries cannot afford to use advanced microscopes. Therefore, the high cost of advanced microscopes hinders the microscope market growth.
Microscope Market - Regional Overview
China holds a considerable share in the Asia Pacific microscope market. As China moves ahead in microbiology and molecular science fields, the demand for high-end, super-resolution optical microscopes has surged, and the country has become a large consumer of optical microscopes. However, high-end microscopes depend on imports, and the country had to import most of the core components for these powerful microscopes. Thus, super-resolution optical microscopes and their key components had been a bottleneck restricting the research in biological science in China. Although in December 2018, the project, "Development of Core Components and Systems of Super-Resolution Optical Microscopes," succeeded in Suzhou Institute of Biomedical Engineering and Technology (SIBET), Chinese Academy of Sciences (CAS), and after 5 years of research, the SIBET scientists broke through the key technologies.
Additionally, the increasing usage of various microscopy techniques will also help the market grow in the future. TEM has become a great analytical tool for materials science. Shanghai Institute of Ceramics, Chinese Academy of Sciences (SICCAS) was among the first institutions in China to use TEMs in materials research. The main work was to provide structural analysis services for the research groups in the institute and minorly for exterior institutions or companies. These all are likely to contribute to the rise in the adoption of the microscope in the near future.
Microscope Market - Product Type Insights
Based on product type, the microscope market is segmented into optical microscopes, electron microscopes, and others. The optical microscope segment is sub-segmented into confocal, stereo, digital, and others. Further, the electron microscope segment is bifurcated into scanning and transmission electron microscopes. The electron microscope held the largest market share in 2021. Furthermore, the same segment is anticipated to register the highest CAGR during the forecast period. According to The University of Waikato report, an electron microscope uses a beam of electrons rather than visible light to illuminate the sample. These microscopes focus on the electron beam using electromagnetic coils instead of glass lenses (similar to a light microscope) because electrons do not pass through glass. However, an electron microscope enables researchers to look in far more detail at objects than a light microscope. For example, an electron microscope can detect objects that are approximately 1/12th of a nanometer (10-9) in size; it is efficient to visualize objects as small as viruses, molecules, or atoms. Thus, these factors are responsible for accelerating the uptake of electron microscopes, ultimately driving the overall microscope market growth during the forecast period.
Microscope Market, by Product Type – 2021 and 2028
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Companies operating in the microscope market adopt the product innovation strategy to meet the evolving customer demands worldwide, which also permits them to maintain their brand name in the market.
Microscope Market – Segmentation
Based on the product type, the microscope market is segmented into the global microscope market is segmented into optical microscopes, electron microscopes, and others. The optical microscope segment is sub-segmented into confocal, stereo, digital, and others. Further, the electron microscope segment is bifurcated into scanning and transmission electron microscopes. Based on the application, the market is segmented into material science, nanotechnology, life sciences, semiconductors, and others. Based on end user, the market is segmented into industries, academic & research institutes, and others. Based on geography, the microscope market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Some of the companies present in the market are ZEISS GROUP, Bruker Corporation, Leica Microsystems, Nikon Corporation, Hitachi High-Tech Corporation, Olympus Corporation, ACCU-SCOPE, Thermo Fischer Scientific Inc., Euromex Microscopen bv, Oxford Instruments, COXEM Co. Ltd., KLA Corporation, and UNITRON.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoE, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Microscope is defined as an instrument that can observe small objects, even cells. With time, technological innovations have made the microscope easier to use and improved image quality.
Growing range of applications of microscope and development of novel microscopes are the most significant factors responsible for the overall market growth.
Based on product type, the electroscope segment took the forefront leaders in the worldwide market by accounting largest share in 2021 and is expected to continue to do so during the forecast period.
Based on the application, life sciences segment took the forefront leaders in the worldwide market by accounting largest share in 2021. However, nanotechnology segment accounts for maximum CAGR during the forecast period of 2022-2028.
The industries segment dominated the global microscopes market and accounted for the largest market share of 60.64% in 2021.
ZEISS GROUP, Bruker Corporation, Leica Microsystems, Nikon Corporation, Hitachi High-Tech Corporation, Olympus Corporation, ACCU-SCOPE, Thermo Fischer Scientific Inc., Euromex Microscopen bv, Oxford Instruments, COXEM Co., Ltd., KLA Corporation, and UNITRON are among the leading companies operating in the microscopes market.
Global microscopes market is segmented by region into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In North America, the U.S. held the largest market for microscopes market in 2021. According to the American University report in 2019, in the rapidly evolving field of microscopy, the scanning electron microscope (SEM), and transmission electron microscope (TEM) are gaining popularity in ongoing research projects in the US. Such factor acts as a standalone factor responsible for the overall market growth of microscope in the US during the forecast period of 2022-2028.
The List of Companies - Microscope Market
- Carl Zeiss AG
- Bruker Corporation
- Leica Microsystems
- Nikon Corporation
- Hitachi High-Tech Corporation
- Olympus Corporation
- ACCU-SCOPE
- Thermo Fisher Scientific Inc.
- Euromex Microscopen bv
- Oxford Instruments
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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