Microscope Market Size, Share & Trends Report

Microscope Market Size, Share & Trends Analysis Report By Product Type (Optical, Electron, Scanning Probe), By Application (Material Science, Nanotechnology), And Segment Forecasts, 2018 - 2024

  • Published Date: Feb, 2018
  • Base Year for Estimate: 2016
  • Report ID: 978-1-68038-033-0
  • Format: Electronic (PDF)
  • Historical Data: 2012 - 2015
  • Number of Pages: 112

Industry Insights

The global microscope market size was valued at USD 7.1 billion in 2016 and is expected grow at a CAGR of 7.8% during the forecast period. Growing applications and high demand for technologically advanced magnification devices are the factors driving the market growth. Magnification and visualization devices are an integral part of science. The application of these devices is constantly expanding in the newer fields such as polymer industry, agriculture, nanotechnology, and atomic studies. 

Japan microscopes market

The development of technically advanced products with capabilities such as faster performance and easy sample preparation techniques are expected to boost penetration of microscopes in the market. Furthermore, technical advancement to integrate with display modalities to display images in high definition and 3-dimensional views are expected to boost the demand for microscopes during the forecast period.

Automation and artificial intelligence in magnified imaging equipment is one of the principal factors having high impact on the market dynamics. Companies such as Carl Zeiss, BioTek Instruments, Inc.; and Olympus Corporation are focusing on integrating microscopes with automated platforms to increase their application in life-sciences as well as material sciences. Growing usage of such devices can potentially improve operational efficiency in various establishments including hospitals and manufacturing units.

Recently, California based institute NanoSystems developed an advanced device by integrating microscope and artificial intelligence to identify the cancer cells. This device is claimed to be the most efficient as compared to the other commercially available techniques.

One of the major uses of microscopes extend in surgical interventions. Surgical procedures related to cancers and neurosciences have high demand for magnified imaging systems to increase procedural success. Major market players are focusing to develop dedicated offerings related to microsurgeries including spine, cranial, and other multi-disciplinary surgeries.

These instrument are categorized as class I medical devices and are easily approved for commercialization. However, the market penetration for tradition compound microscopes is expected to be slowed by the factors such as high competition by local manufacturers. High prices of technologically advanced microscopes are expected to limit their penetration in developing regions.

Application Insights

Based on the applications, the space is segmented as material science, nanotechnology, life science and semiconductors. Currently, life science segment is dominating the market with around 30% of the revenue share. The instrument used in the life sciences studies include compound microscopes, such upright, inverted, and fluorescence; laser microdissection, and digital microscopes. The usage of microscopes with high magnification such as atomic force and electron microscopy is significantly increasing in order to observe genetic structures of viruses and bacteria. In addition, growing applications in the diagnosis of diseases is spurring the growth of the market.

The semiconductor industry is one of the fastest growing industries as a result of the increasing use of its products, such as chips and microchips, in electronics, space research, and household appliances. Microscopes are widely used in the semiconductor industry for R&D, manufacturing, and quality analysis.

Nanotechnology is anticipated to be the fastest growing segment during the forecast period. A large amount of investments in nanotechnology research and developments and thereby expanding scope of this application is expected to fuel the demand for these devices in the near future.

Material sciences include microscopes that are required to understand properties, atomic and subatomic structures, and associated functions. A wide range of microscopes from compound to highly efficient electron microscopes is used based on the degree of magnification required.

This material sciences segment also includes applications in chemistry and solid-state physics along with industrial applications, such as inspection of metallic, ceramic, and polymeric surfaces for different industries.

Product Insights

Segmented broadly by type, electron microscope segment captured the largest market share in 2016. High price and growing demand due to high efficiency are the factors which can be attributable to the largest market share. The segment is expected to continue dominate the market throughout the forecast period.

Global microscopes market

Growing number of applications and rapid technological advances are the factors driving growth of scanning probe microscopes. SPMs are used in fields such as natural surface topography, study nanostructures including integrated circuits & diffraction grating, and biological materials including DNA and cell membranes. In addition, the manufacturing industries, such as microelectronics, automotive, aerospace, and medical device manufacturers utilize these instrument to monitor the entire production process, enhance the output & quality, and reduce costs. Introduction of novel techniques, such as piezoelectric techniques, to view the specimen accurately at standard temperature and pressure is expected to drive the market during the forecast period

Optical technology based products are widely used in academic and life science research institutes for cellular or subcellular imaging. The increasing number of academic institutions is fuelling the demand for optical devices. In addition, the affordable cost (USD 150 to USD 10,000) is augmenting the adoption of these devices.

The fluorescent microscope segment is expected to show the fastest growth during the forecast period owing to its ability to visualize subcellular components. The stereomicroscope segment is expected to show significant growth as it enables three-dimensional visualization of the sample.

Regional Insights

North America captured the largest market share of around 34% in 2015. The presence of a large number of academic institutes, advanced healthcare infrastructure, and research and development (R&D) institutes are primarily driving growth of the market. In addition, a significant number of market players are based in the U.S. and Canada. Therefore, revenue generated by these players is contributing to the growth of microscopes market in North America. Constantly increasing number of healthcare facilities, increasing demand for diagnostic centres, and growing R&D projects are anticipated to maintain the dominance of the market throughout the forecast period.

Asia pacific is expected to exhibit the fastest growth during the forecast period. The presence of giant players in countries such as Japan coupled with thriving number of local manufacturers in countries such as China and India are the factors spurring the growth of the region.

Latin America has been attracting attention of major pharmaceutical and biotechnology companies for their clinical trial projects in the region because of the presence of less stringent regulatory framework, easy availability of patient pool, and presence of advanced research infrastructure. The governments of several countries in the region have simplified the approval processes of conducting clinical trials, foreseeing the advantages of competitive clinical trials. As a result, a higher demand for microscopes was observed in the region. Notable markets in the region include Mexico, Brazil, and Argentina.

Microscopes Market Share Insights

The global space is highly fragmented with presence of many local players competing with international players. Major players implement the strategies such as mergers, acquisitions, and liaison to expand their market share. Major players are more focused on the research and development of new products to remain competent in the sector.

A few of the major players include but are not limited to Asylum Research, Nikon Corporation, JeoL Ltd., FEI Company, CAMECA Instruments, Hitachi High-Technologies Corporation, Bruker Corporation, NT-MDT Company, Carl Zeiss AG, and Olympus Corporation.

Currently, Olympus Corporation and Carl Zeiss AG dominate the global market. High R&D activities, global expansion strategies, wide product offerings, and frequent introduction of advanced versions of existing products are some of the strategies followed by major market players to maintain their dominance.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2012 - 2015

Forecast period

2017- 2024

Market representation                                                 

Revenue in USD Million and CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Country scope

U.S., Canada, U.K., Germany, Japan, China, Brazil, Mexico, South Africa.

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels as well as provides an analysis on the latest trends and opportunities in each of the sub-segments from 2012 to 2024. For the purpose of this study, Grand View Research has segmented the global microscopes market report on the basis of device type, application, and region:

  • Product Type Outlook (Revenue, USD Million, 2012 - 2024)

    • Optical Microscopes

      • Inverted Microscopes

      • Stereomicroscopes

      • Phase Contrast Microscopes

      • Fluorescence Microscopes

      • Confocal Scanning Microscopes

      • Near Field Scanning Microscopes

      • Other Optical Microscopes

    • Electron Microscopes

      • Transmission Microscopes

      • Scanning Electron Microscopes

    • Scanning Probe Microscopes

  • Application Outlook (Revenue, USD Million, 2012 - 2024)

    • Material Sciences

    • Nanotechnology

    • Life Sciences

    • Semiconductors

    • Other Applications

  • Regional Outlook (Revenue, USD Million, 2014 - 2024)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

Key questions answered by the report
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