Publication Month: Sep 2022 | Report Code: TIPRE00029683 | No. of Pages: 240 | Category: Medical Device | Status: Published
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.
|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|
|No. of Pages||240|
|No. of Tables||138|
|No. of Charts & Figures||85|
|Historical data available||Yes|
|Segments covered||Product Type, Application, and End User|
|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|
Significant 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.
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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.
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.
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.
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.
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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.
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.