Optical Microscope Market Share, Size | Report Statistics 2027

The Optical Microscopes in healthcare market was valued at US$ 2,412.23 million in 2018 and it is projected to reach US$ 3,687.90 million by 2027; it is expected to grow at a CAGR of 5.2% from 2019 to 2027.

The optical microscopes, also known as light microscopes, is a microscope that uses visible light and a combination of lenses for magnification of images of small samples. The optical microscopes are the first and simplest form of microscopes. With various lenses and light sources, five types of light microscopy are, bright-field, phase-contrast, dark-field, differential interference, and fluorescence. They are characterized based on structure according to requirement. The growth of the Optical Microscopes in healthcare market is attributed to the innovative product development, collaborations are boosting the growth of the market over the years. Also, the growth in emerging market is likely to have a positive impact on the demand for the market during the forecast period. However, the growth of the market is restrained by factors such as the limitation of the optical microscope.

The Optical Microscopes in healthcare 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 Optical Microscopes in Healthcare Market

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Market Insights

Growing Applications of Optical Microscopes in Healthcare to Drive Optical Microscopes in Healthcare Market Growth

To gain a high number of market share companies are investing in the development of a new microscope. These microscopes are produced by keeping in consideration of the requirement from the end user. This technologically advanced product gives the company an edge over the competitor. The market is highly competitive, which requires continuous improvement in technology. Companies in the optical microscopes market are gradually focusing on softwarebased variation to remain competitive. Since the demand from the life sciences industry for research is rising, Olympus one of the player in optical microscope has launched the IXplore microscope range for modern laboratory life sciences and medical application requirements. This product comes with an automated imaging technology feature for accurate and efficient experiments and the IXplore Live feature for precise live cell imaging. Flinn Advanced Compound Microscopes that deliver high-quality optics launched by Flinn Scientific Inc. which are considered the best for advanced biological science courses and include easy-to-use software.

Companies like Carl Zeiss, BioTek Instruments. Developing products with integrated automated platforms to increase their application in life science. Development of new advanced products with faster performance and easy sample preparation techniques are expected to boost product demand. Technical development to integrate with display modalities to display images in High Definition (HD) and 3-dimensional (3D) views are expected to increase the demand further.

Collaboration in the segment is seen to be a win-win situation for the parties entering in collaboration. The objective of any collaboration with the company is usually for technology transfer, resource management, reducing operation cost, and others. In collaborations companies combine their effort and expertise of both organization, this creates a better network, and new innovation are expected, which ultimately leads to the growth of the organizations.

 For instance, there have been various developments and collaborations between the major players. For instance, in March 2019, Olympus launched Alpha3 lightbreaker microscope in its life science portfolio. The product was developed in collaboration with PhaseView which is an advanced 3D microscope manufacturer. Moreover, in 2015, Lonza, a developer and manufacturer of cells for regenerative medicine therapeutics entered into an exclusive collaboration with Nikon Corporation. The aim of the collaboration was for developing a manufacturing facility in Japan for cell and gene therapy. In this collaboration, Nikon will get access to Lonza’s quality and operating systems, facility design, and ongoing consulting projects to facilitate Nikon to develop its own cell and gene therapy contract manufacturing business. 

Thus, the collaborations in the industry are likely expected to drive the growth of the global optical microscopes market over the coming years.

Product-Based Insights

In terms of product, the Optical Microscopes in healthcare market is segmented into inverted microscope, digital microscopes, stereo microscope, and accessories market. In 2018, the inverted microscopes segment held the most significant market share 36.85% of the optical microscopes market, by product.

Optical Microscopes in Healthcare Market, by Product – 2018 and 2027

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End User-Based Insights

In terms of end user, the Optical Microscopes in healthcare market is segmented into hospitals & clinics, academics & research institute market, diagnostic laboratories market, pharmaceuticals & biotechnology companies. In 2018, the academics & research institute segment held a considerable market share of 33.95% of the Optical Microscopes market, by end user.

Strategic Insights

The Optical Microscopes in healthcare 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.

Optical Microscopes in Healthcare Market – by Product

• Inverted Microscope
• Stereo Microscope
• Digital Microscope
• Accessories

Optical Microscopes in Healthcare Market – by End User

• Academics & Research Institute
• Diagnostic Laboratories
• Hospitals & Clinics
• Pharmaceuticals & Biotechnology Companies

Optical Microscopes in Healthcare 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

• Nikon Corporation
• Carl Zeiss AG
• Agilent Technologies, Inc.
• Bruker
• Olympus Corporation
• Leica Microsystems
• Meiji Techno.
• JEOL Ltd.
• ACCU-SCOPE Inc.
• Ken-AVision, Inc.
• Crest Optics