The “Microscope Market” is expected to grow from US$ 12,568.28 million in 2021 to US$ 20,500.98 million by 2028. It is estimated to grow at a CAGR of 7.3% from 2022 to 2028.
The growing range of microscope applications and the development of novel microscopes are boosting the market.
The use of microscopes is increasing in various research activities across many domains, including life science and semiconductors. For instance, Cryo-electron microscopy is used to determine the 3D structure of complex macromolecules at subnanometer resolution and observe helical and 2D crystalline specimens. These microscopes are being utilized to achieve near-atomic resolution, which has been instrumental in studying the biological functions of different molecules in atomic detail. Upright microscopes, stereo microscopes, inverted microscopes, super-resolution microscopes, and research macro zoom microscopes manufactured by Olympus are used for training, research laboratories, and life-science fields such as pathology and cytology.
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Companies Profiled in this report includes:
- Carl Zeiss AG
- Bruker Corporation
- Leica Microsystems
- Nikon Corporation
- Hitachi High-Tech Corporation
- Olympus Corporation
- Thermo Fisher Scientific Inc.
- Euromex Microscopen bv
- Oxford Instruments
Microscope Market: Geographical Overview
North America holds the largest share of the global microscope market, whereas the Asia Pacific is expected to witness the highest growth during the forecast period. The market in North America is expected to grow during the forecast period due to many academic institutes, advanced healthcare infrastructure, and R&D institutes.
During 2022-2028, Asia Pacific is likely to register the highest CAGR as countries, such as Japan, China, India, South Korea, and Australia, are applying microscopes and increasingly adopting steps wherein they are applying microscopes in life sciences and nanotechnology research. The establishment of collaboration centers for microscopy research and technological advancement by market players are also responsible for the rise in the regional market.
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Microscope Market Segmentation:
By Product Type:
- Optical Microscope
- Electron Microscope
- Material Science
- Life Sciences
By End User:
- Academic & Research Institutes
Market Opportunities of Microscope Market
Increasing awareness and using microscopes in academics provide lucrative opportunities for the overall market to grow exponentially. Universities, institutions, and other educational organizations worldwide are building new infrastructure and performing various activities to expose students to advanced microscopy techniques. For instance, John Hopkins University (JHU), in partnership with Howard Hughes Medical Institute as part of the Science Education Alliance, launched the Phage Hunters Project (SEA- PHAGES program) in 2019. In this program, 2 dozen first-year students dug up soil samples and isolated a phage, a virus that infects a bacterium. Through this opportunity, students gained hands-on experience with microscopy and a greater understanding of the struggles and successes of sample preparation. Also, in August 2022, Husson University celebrated opening seven new modern science laboratories with essential equipment. In these laboratories, students will work with an inverted Leica DM1 6000 B microscope with 600 times magnification. It will allow students to study various biological samples previously too small to see. Thus, such activities regarding the awareness and use of microscopes in academics would offer lucrative opportunities for the microscope market during the forecast period.
Furthermore, the same segment is anticipated to register the highest CAGR during the forecast period owing to its wide applications in the life science industry. For example, an electron microscope offers key information on cell function’s structural basis and disease. Further, electron microscopes are utilized for obtaining high-resolution images of biological and non-biological samples. Electron microscopes are also utilized in biomedical research to investigate the detailed structures of tissues, cells, organelles, and macromolecular complexes. These factors are responsible for the electron microscopes segment growth, boosting the global microscope market growth, and are expected to continue the same trend over the forecast period.
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